startup business

Ten Top Tips for a Successful Start

1. Write a business plan. Many businesses seem to get by without a plan, and so might yours. On the other hand, preparing and presenting an effective business plan can make all the difference between success and failure. Besides being a great way of capturing the long-term objectives and financial goals for your business, your business plan can be used to demonstrate to prospective lenders, investors and customers that you have thought through your ideas and that they are dealing with a business which has good potential. It also gives you a benchmark to monitor your progress, so if something starts to go off track you can take prompt action to put it right. 2. Learn all you can about your chosen industry. If you have never worked in your business sector before, get some work experience. Ma... »