Startups need real growth real fast if they want to make it in the business world. That’s why we pulled together this list of the 15 best ways to get your business growing and producing income. They’re amazing!
1. Set your Expectations. One of the most impactful things in your business venture will be knowing what you want out of it from the beginning. If you don’t decide what you’re looking for in your startup early on, you may end up canning it and starting over again; and that will cost you time and money that could have been put to better use.
2. Be on Time. When you make a plan to be somewhere or accomplish a goal by a certain time, do everything you can to fulfill it. This will show your clients, your team, and yourself that you can and do keep commitments. Keeping commitments shows you are reliable and trustworthy as a business.
3. Take Your Ego Out of it. It can be hard to remove your emotional attachments to a project that you hatched yourself. However, it’s important for you to take a step back and see things as they really are, not how you wish they were. Taking your ego out of the equation allows you to see more easily where potential issues could crop up in your business model.
4. Work Smarter, Not Harder. Staying up all night and pulling 80 hour weeks doesn’t guarantee you success in your startup, so what will? The trick isn’t pushing your body to the limit, but pushing your mind. Get educated on your market segment, learn what it takes for your kind of business to stand out, and play the game to your advantage.
5. Make Clear Processes. A major key for success as a startup is to prepare your company processes and systems so clearly that you could bring in a new employee, give them nothing but the process you developed, and get the same results you would have from yourself or your business partners.
6. Provide Excellent Service. Even if your competition is better established in the market than you are, you can still compete if your service is customer friendly. Chances are that you’re going to at some point have a dissatisfied customer; how you handle those customers will either make or break your reputation in your industry.
7. Create a Solid Foundation. Your foundation is composed of what you start with in your startup: your first team members, your first idea, et cetera. The first people you bring in on your team will shape your startup in ways you may not expect at first. Make sure they share your desire for the company to succeed.
8. Choose the Right Team. Depending on what your startup will be doing, you’re going to want to find the right people to help you make it a reality. Choosing your team members can be daunting, but all you need to do is define what kind of people you’re looking for, and then get them.
9. Get Feedback From Your Team. Your team has boots on the ground with your clients and they see your processes in action. That means they can inform you what they see working, and what needs attention. Pay attention to that input! It will give you the knowledge you’ll need to adapt and grow as a startup business.
10. Rely on Data, Not Feelings. Tons of companies have gone belly up because they rely on not on actual measurable data, but on the CEO’s good vibes that things are just going to work out. Instead of winging it and hoping for the best, do your research and adjust accordingly.
11. Be Transparent. Honesty is the best policy when it comes to startups. By making sure that potential clients have all the information they need to make an informed decision, you increase your chances of growing fast. Make your web copy and branding clear so your clients can see what you stand for right away.
12. Use The 3 P’s. Television host Marcus Lemonis from “The Profit” often refers to this technique, and he makes a good point. Build your startup on a firm foundation of the three P’s: process, people and product. If you design your startup to flow and operate well with this principle of having a streamlined process, good team members and honest clients, and a product or service you know is good, then you’re more likely to have a successful business.
13. Document your Process. Often when you progress as a startup you discover techniques that work well, and ones that don’t. If you don’t keep track of those practices and ideas you create as you go, you’re going to lose out on the resources of your on-the-go education. Write down what you’re discovering as you go, and incorporate it into your systems.
14. Plan for the Future. Thinking ahead is good thinking for your startup venture. You need to be ten steps ahead of where you think you should be preparing for, or you may run into a complication that you’re not ready to handle. Plan for the worst, hope for the best, but always be thinking forward for your startup.
15. Keep $1,000 in the Bank. Part of planning for the future includes planning financially for the issues you could run into as a business owner. Keeping a reserve of a grand in the bank helps you feel more at ease when you’re running a small business. Start thinking of $1,000 in your account as the same as zero, it’ll help you keep the reserve in tact.
It can be expensive to run a startup business, and using your money and resources wisely is a must. That’s why you should consider using a Growth Agency instead of a bunch of branding agencies. DMR does the tactical work for you, removing the hassle of going through agency after agency to get your startup ready to meet demand. In just 30 days, your startup business can be ready to roll, complete with a brand, logo, and website. Interested in getting started? Get your free consultation now, and see what growth can do for your business.