Small business ideas are the first step towards making your business dreams a reality, but bringing those small business ideas to life usually requires a lot of hard work and dedication.
Once you have figured out what type of business you want to start, it can be tough to figure out what all needs to be done to get it off the ground.
Fortunately, we are here to help you narrow your focus with a couple of key items you can work on to get your business successfully launched sooner rather than later.
In this article, we’ll cover how to decide what your business stands for and how to be a good entrepreneur, as well as share some practical business checklists that can help you streamline the process of getting it up and running.
- Choose What Your Business Stands For
- What Makes a Good Entrepreneur
- Helpful Business Checklists
Choose What Your Business Stands For
Hopefully, if your goal is to start a business, you have some idea of what you want that business to be. Once you have your small business idea, the next step is determining what you want your business to stand for.
Below are some steps to put your small business ideas in motion.
Draft a Mission Statement (And Stick to It)
A business’s mission statement is a single sentence or short paragraph that defines its culture, values, ethics, fundamental goals, and agenda. It is also a great first step in defining what you want your business to stand for.
Spend some time thinking about how you want your company to conduct business, the culture you want to cultivate at your company, and the short and long-term goals you want to achieve.
Once you have all that, draft a mission statement that describes the fundamental purpose of your business using simple and concise terms, then stick to that mission.
Develop a Unique Business Model That Works For You
When developing your small business ideas out into a working business model, it can be helpful to emulate other businesses that you hope to be like.
However, it’s important to focus on customizing your business model to fit your needs instead of just copying one that worked for another business with entirely different needs.
Some small business ideas require more legwork and/or capital than others. Some require a large inventory to get started while others only need a website to launch a business.
Figure out exactly what your needs and goals are and then work on nailing down a unique business model that works specifically for your business.
Focus on Customer Service
No matter what your business is or does, there is always a need and desire for quality customer service and support.
Customer satisfaction leads to customer loyalty, and the happier your customers are the more likely they are to recommend you and your business to others.
As far as investments go, it’s hard to understate the value of investing in those who use your service or products.
Invest in your customers’ success and they will invest in you.
What Makes a Good Entrepreneur
To start and run a successful small business you need to be a good entrepreneur and someone that has the skills to take their small business ideas from concept to reality
Becoming a good entrepreneur is easier said than done, but there are some basic strategies you can use to launch and build your business.
Build Your Network
Regardless of what your small business ideas are or what business you choose to start, you’re going to need resources and connections to find success.
That means that you need to build a network as soon as possible, and the bigger that network, the better.
When launching your business, spend plenty of time networking and meeting others in your industry and outside of it. You never know who might be able to help you or what they can bring to the table unless you put yourself out there.
When it comes to meeting people there are tons of options. You can attend events, join your local chamber of commerce, participate in virtual meetups, or get active in Facebook groups to name a few.
Organize Your Business
Want to save yourself some headaches down the road? Organize your business as soon as possible.
In order to sell your product to consumers or convince investors to invest in your business, it’s essential to know the basic foundations of your business.
Before diving into selling products or serving customers, hammer out the basic details and common tasks associated with running a business.
You will need to determine the best location for your business, then incorporate it, get a tax ID number, open a business bank account, and get all your basic accounting needs set up.
Scale as You Go
It is a great idea to have a vision of where you want your business to go, but it’s also important to limit your spending to the resources you truly need.
When starting your business, only pay for as many resources you need at the current time, then increase those resources over time to match the growth of your company.
Investing in more resources than you need early on can eat up valuable capital and leave you scrambling to pay the bills.
Helpful Business Checklists
There’s no doubt about it, turning your small business ideas into an actively operating business requires a ton of hard work.
With so many things to figure out and take care of, it can seem overwhelming.
To help keep you on track, we’ve provided some helpful business checklists.
Business Startup Checklist
InMotion Hosting has more than 20 years of experience under its belt, but we were once a small business too.
One of the things that helped keep us focused and help us sort our small business ideas in the early stages of InMotion Hosting was our tried and true Business Startup Checklist.
This valuable checklist helps our customers organize their success by helping them plan what their website’s infrastructure will be, and how it will succeed after three months, six months, and in the years that follow.
The above checklist covers the following topics as well as some additional ones.
- Basic infrastructure set up instructions – domains, hosting, email, etc
- Link diagnosis tools to cleanse broken links
- How to create a useful About Us page
- How to create a functioning contact form
- How to identify and optimize for SEO
- How to check site and server speed
- How to set up Google’s Sitemap tool
- How to become mobile responsive
No matter what type of business you run, there’s a good chance you will need to create content at some time.
That means you will need a content plan.
Whether it’s marketing/advertising content, content for social media, or long-form content written for your blog, you want to make sure it is well written and stands out from the crowd.
For a list of content writing best practices, check out our 13 Best Content Writing Tips for Small Business Websites.
Turning your small business ideas into a fully functioning business can seem like a daunting task, but by following some simple steps you can streamline the process.
Before you try to take on your competition, it’s important to know what your business stands for, how to be a good entrepreneur, and what things to focus on first to get your business up and running.
If you stick to those basic tips early on, it should help you limit the number of obstacles you will encounter on your way to running a successful business.
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