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New Business Start-up TIPS:

Starting up in Business

Highlight your end goals and structure how you want to accomplish them. Build a business plan.

Getting a Decent Start

Having the correct systems, controls and procedures in place can help new business start-ups remain in control of your business plan and manage the business' cash-flow effectively.

Help Secure Investment

To boost market value or convince stakeholders of the potential future performance you need to have a framework that measures the value of your employees.

Networking

Networking is vital to business relationship building. From the onset start thinking about what networking activities you will perform.

Marketing

Marketing is important for any business. Spend time researching what marketing strategies you want to implement for your business and try to save money where possible. Shop around.

Make Good First Impressions

Research has showed that most customers prefer to be greeted by their full name. Note though that not all people feel this way but a professional approach is essential.

Boost Sales in a Downturn

Take advantage of any downturn in the market by going back to basics and boost your performance whilst your competitors remain in a struggle.

Learn from Complaints

Every company will receive a complaint at some point and handling them correctly can prove valuable, but only if you structure how to deal with them in the first place. Companies that have planned how to handle them and succeed at this can gain customers and also retain staff.

Road-Test Your Business

With the majority of new business ventures failing, it's not surprising many would-be entrepreneurs are put off starting up. The trick is to be prepared to ask some tough questions while retaining the confidence to go for it.

Debt Chasing

£30,000 is the average amount owed by customers to small businesses. This figure would cause 3 out of 10 businesses to fail if this occurred. Think about the steps you will take in order to keep your debtors list to a minimum

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