A lot of the necessary decisions will have already been made by the time you decide to go self-employed. You will know what sector you’re operating in, who your potential customers are and your business name. Here we provide a couple of tips for business startups that might not be so obvious.
WHAT’S IN A NAME?
You may have already chosen your business name, and hopefully it’s easy to say, memorable, and tells your customers what you do. Most businesses now have an online presence, which makes your name far more important. Businesses have a far greater reach than they once did. Your name will become a central part of your brand, which must be consistent across all platforms. Making your brand stand out can be the difference between a customer buying from you or a competitor.
BUILD A WEBSITE
A good place to start is your website, as you can then use this to set the tone across any social platforms you choose to be present on. A website is crucial in the modern age, even if you’re not selling online, as it’s the first port of call for most consumers when checking out a company. Whether you opt to employ a web designer, or use one of the DIY creators, be sure you keep it simple and informative, while making sure it works well across all devices.
WORK OUT YOUR BUSINESS STARTUP COSTS
Realistically detailing out your start up costs creates a plan for you to work to, while at the same time making it easier to spot areas you could potentially make savings. Will you need to purchase tools, equipment, stock or machinery? Where are you going to operate from and what are the premises going to cost? Do you need to employ anyone?
Many questions can have further implications if you’re not aware of the laws and requirements when setting up a new business startup. Talking to a professional firm like Cronin & Company for business advisory can help you to be prepared and avoid any potential pitfalls. Get in touch today for a chat about where you go from here.