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Six steps to develop your start-up plan

26/1/2021

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Image credit: Canva Studio from Pexels
Starting up a business is no easy feat. Expect financial loss, energy exertion, and heavy competition. With that said, it is important to start your business with the best possible chances. These simple steps will guide you towards developing a successful start-up.

1. Consider the market you are going into

Think about any market niche your business applies to. Gaps in the market will generate higher consumer demand, which you can capitalize on. Familiarize yourself with competitors and find out what they are doing, and more importantly, what they are not doing. Carrying out
competitive analysis is crucial if you want your business to succeed.


2. Devise a business model
Businesses come in all shapes and sizes. You may aspire to one day expand your start-up into a franchise. You may want to offer a subscription-based service to maintain loyal customers. Or, perhaps you are going for a direct sales business model. Whatever the case, modeling your business will fortify your vision and assist with potential problems. The nine building blocks of a business model are customer segments, key resources, value propositions, client channels, key partners, customer relationships, revenue streams, activities that create value, and cost structure.

3. 
Consider your employees
Once you have established your business model, think about what kind of working environment it will create for employees and how you can implement systems to benefit them and improve efficiency. For example, if you have lone workers or employees that perform paging and alarm management, Motorola radio rental offers specialized two-way systems and communication solutions.

4. Work on your final product
Many start-ups' common downfall is assuming they can offer a wide range of products from the outset. Doing this will deplete the limited resources you have. Instead, pick one or two products you can perfect. New customers will appreciate your service quality and be inclined to positively review, repeat purchase, and recommend to a friend.

5. Gather customer feedback
After launching your business and getting those initial sales, it is important to review your customer feedback. Positive or negative, it will demonstrate where to alter your business. If the reviews are mostly positive, look specifically at what worked well. Recurring themes in feedback signify consumer habits. Analyzing this data may reveal opportunities for expansion within that area.

6. Carry out market surveys

If you are trying out a new product or service, it is a good idea to collect data from your targeted audience before launching anything. You can do this through online questionnaires like
Survey Monkey. You could put the question to online forums. Or, you could organize a focus group. Each method has its benefits. Online surveys and forums can target a wider demographic, while focus groups may offer more in-depth feedback on a product or its branding.


Conclusion

It's a given that start-ups need a fair amount of initial planning. But with savvy preparation and research, there is the opportunity to succeed. Remember: start small, think big.

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6 tips for business owners to save money while moving offices

10/9/2020

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Image credit: Ketut Subiyanto on Pexels
If you’re a business owner organising an office relocation, you’ll more than likely want a smooth-running experience without any difficulties. Whether this means downsizing or upsizing your office, it’s vital to prepare and communicate with others to avoid any unwanted stress and disruption to the process. It may initially seem like a challenging task, but by taking proactive steps, you’ll be able to have a successful office move all while saving money. Here are six money-saving tips that every business owner should consider when moving offices. 

Plan Ahead of Time
Planning an office move shouldn’t be a last minute decision. To make sure you’re getting the best deal, you should ideally plan your move six months ahead of time. This will also give you time to set a realistic budget and to outline out all of the necessary expenses involved with the move. 

Find a Reliable Moving Company
Once you’ve planned out all the logistics, it’s time to find a reliable moving company who can make your office relocation happen, such as with Two Men And A Truck. To get the best value for money, make sure to research what each company can offer in terms of your needs, always stay within your set budget, and don’t be afraid to negotiate pricing with service providers. 

Avoid Moving in Summer 
Most companies tend to relocate offices in the spring and summer. However, demand increases during these seasons, meaning prices for moving services will also rise. Likewise, real estate also begins to rise in price during the warmer months. To save on costs, consider relocating your office during autumn, winter, or early spring. 

Communicate 
To prevent any fees and confusion with others, ensure to review your commercial property lease. Leaving early could cost you your deposit, and you could  be liable for any damage to the property if it were to occur during your move. Once you have a confirmed moving date, you’ll need to give official notice to any internal and external parties about your upcoming office move, and create a list of people that you will need to send your new office address to, such as banks, insurance companies, and your internet service provider. 

Organise Furniture/Equipment
Start decluttering items that your office doesn't use as soon as possible. You can do this by making an inventory list to determine what you need and what can be disposed of or donated to a registered charity - you may even be eligible to get a tax-write off. Think old phones, printers, office supplies, or even office furniture that’s in need of a new home. Making this checklist and disposing of unwanted items in the property can also help you to avoid any fines. If you’re concerned about your valuable assets, you may want to consider insuring these items to financially protect yourself from any unforeseen accidents during the big move. 

Reduce Packaging Costs
To save on your packaging costs, get the whole team to chip in with DIY packaging or consider purchasing used packing supplies and boxes. While this can be perceived as a team-building exercise, it’s only fair to reward your employees for their efforts afterwards!
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Life hack to enjoy downtime!

10/2/2020

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Isn't life just hectic?  Non-stop from the minute you climb out of your pit until you collapse into bed?  BBC Worklife have a feature about 'how to reduce 'attention residue' in your life!
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7 books to help you be a better leader!

22/1/2020

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Fast Company have a list of 7 books that could help you become a leader in 2020.  Click here to start building your library!
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How to stop your CV being rejected!

8/1/2020

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Your CV on average can take just 34 seconds to be rejected!  The Sun has some of the do's and don'ts for your CV check!
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How to be an effective boss!

6/1/2020

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Google spent years studying what makes an effective boss and now they teach new managers the six things they found!  Inc.com has the lowdown on what Google think a new manager should know!
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CEO writes 9,200 employee birthday cards a year!

2/12/2019

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Photo credit: apost.com
"When leaders forget about the human element, they're holding back their companies and limiting the success of others."  Sheldon Yellen, CEO of property-restoration company Belfor Holdings, hand-writes 9,200 birthday cards a year!  You can read more in Business Insider!
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How to influence people..

25/11/2019

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Photo credit: Open Door America
Leaders can inspire, they can motivate and some make it look really easy, but just how do they do this?  You can read more at TonyRobbins.com!
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Should you tell your boss you aren't happy!

12/11/2019

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Photo credit: Inc.com
If you're unhappy at work, there will be a reason!  Maybe there's no chance of promotion or you've outgrown your position, but the question is should you tell your boss?  The Muse has more!
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Things you deserve at work!

31/10/2019

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Whether you like your job or not and if you don't, what are you doing to escape it??  The Muse have five things that you should get at work, yes even if you don't like the place!
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4 small habits for a big career!

23/10/2019

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Photo credit: TechRepublic
You want to make a big career for yourself but think you need to learn so much to make it happen!  The Muse has four habits that you need to try to make that career big for you!  You can see more here!
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Leading communication advice!

9/10/2019

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Photo credit: CNN.com
Lee Iacocca was a legend in the motor industry, introducing the Ford Mustang, the first US minivan, saving Chrysler, the list goes on!  During his time, he gave 663 speeches and learned  a huge lesson in leadership.
Forbes has more on what made his so good.
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10 tips for dealing with a difficult boss!

2/10/2019

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Photo credit: thejobnetwork.com
We can't all have great bosses, sometimes with the worst you wonder how did they actually get that far ahead?!  The Muse has some great tips on how to deal with a 'difficult' boss!
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Mauricio Pochettino's man-management blueprint

3/9/2019

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Photo credit: Planetfootball.com
Tottenham Hotspur went up a level or two when Mauricio Pochettino became their coach and its clear to see that 'man-management' is one of his best skills.  A story from Sky Sports will tell you more!
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Job interview judgements!

3/9/2019

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Not many people in the world look forward to going for a job interview, for some, the anxiety levels go off the scales!  Forbes has a short list of what could help prepare you for the next big job!
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12 Habits Of Genuine People

28/8/2019

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Genuine people are hard to find and if you are fortunate enough to find one, taking a look at some of their own habits could help you!  Forbes has some of the science behind it all!
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Stop selling yourself & be yourself!

16/8/2019

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How do you approach an interview?  How do you set yourself up to stand out in that interview?  Do you try and sell the best version of yourself or do you try and show them just how you are?  Forbes have some pointers to help steer you in the right direction!
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How to inspire others..

14/8/2019

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Inspiration, inspiring. inspired, motivated, motivational - all words used to get either yourself or others going, often enough its for both!  But inspiring someone can be seen as an art and not everything is good at it.  TonyRobbins.com has a piece on how to inspire others which could change your own approach.
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One way to convince your boss to work at home!

13/8/2019

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For some, working from home is the dream!  People working in the retail world or hospitality industry really could actually only dream about being able to work from home!  If you're lucky enough for this dream to come true for you or have a chance, inc.com could help with a convincing stat to the boss!
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How to make employees happy!

12/8/2019

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If you're the boss and trying to motivate your team but not getting very far, its possible that you could be going about it the wrong way!  TonyRobbins.com has some pointers to help you moving in the right direction!
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5 things employees wish they had time for!

30/7/2019

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Demanding bosses, overworked with no spare time, staying longer than you should be?  If workers had more time, what exactly would they want to do?  Inc has 5 things that well be on that list!
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Why do people quit their job?

25/7/2019

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Why do people really quit their job?  There is a huge variety of reasons and several people from Facebook's own Human Resources team tried to find out some of the reasons!  The Harvard Business Review has more!
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How sports can help you succeed at work!

18/7/2019

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Sports can help you succeed in whatever line of work you are in, Johnny Quach from AirHelp suggests that table tennis is his secret weapon to get the skills he needs for work.  Forbes has more on this story!
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6 ways to make more time at work!

12/7/2019

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Are there enough hours in the day?  Do you get everything done that you want to?  Forbes have 6 suggestions of how to make more time in the workplace!
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8 bad habits to break to be more productive!

28/6/2019

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Everyone has bad habits while at work, the need to have a chat about Love Island the night before, or checking your Facebook randomly, but how do you break the habits to be more productive?

Forbes have got some suggestions to how you can boost that productivity!
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