Start getting the smell of your meal?
Well, here’s the secret recipe for the startups … something to start with to get the best taste and outcomes.
Not all the pioneers started on the top, take amazon.com as an example:
Jeff Bezos quits his job and launches Amazon out of his garage in 1994, now amazon.com is the largest internet company by revenue in the world.
so DO NOT EVER underestimate your current resources, with enough patience and concentration you can be your market’s pioneer.
Well, that’s not the full answer … as you should also watch the other competitors’ moves and of course: learning from the other start-ups in order to know where to rise and where to lose.
Here’s a collection of some simple, yet important tips for your start-up to be always on the right track:
– Fear of commitment:
you may get millions of thoughts why NOT to start your own business, but no employee dies a millionaire, not usual anyways … you need to start, and you need to start right now, as every hour before starting the business is a waste compared to any minute after launching it.
– Never underestimate a chance:
taking risks is much easier on the beginnings, as the size of the investment is not compared to the company’s value after the business being run … so you may reconsider the risk as opportunity,
– Never close a channel:
Everyone inside your network is valuable, and you may need him someday, so don’t ever take one person as he/she is, otherwise you can consider him/her as a chance and maybe your roads intersect oneday.
– Do something you love:
You may see an opportunity in some place, but the ground rule here is that: your path will be very difficult if you’re doing something you don’t love, so concentrate on something you can do and try to do it on creative way and you may open a demand on your product better that the normal demand of your market.
– Always there’s a budget for the marketing:
Some CEO’s may see the cost of the different marketing channels is not important at the beginning, as he/she can allocate it in order to produce more, but here’s the thing: you should always allocate budget for the marketing as it will help you get more clients/customers and will enhance the word of mouth about your products and protect your brand name from any bad experience faced any of your past customers.
– two wallets is better:
At your first days/months you may not diversify between your personal cash and your company’s cash … but this not good at all.
you always need to open a commercial bank account for your business, if you’re planning to start your business in UAE, here at Global link we can help you with that matter and finish all the process for you in no time to keep you concentrating on your day-to-day operation of your business.
– Hire the right attorneys for each of your different legal tasks:
it is highly important to hire a qualified attorney for your business, to go through all your legal process and to save your company from any misleading step that may have a legal affairs.
This point we can help you with as well, as we offer our assistance with Power Of Attorney service and we can provide it in 2 languages as it should be done in UAE.