Like most budding business entrepreneurs, you will wear many hats as your company develops. This not only allows you to understand what it takes to design products, manufacture them and market to customers, but helps to extend your limited funding. You will have to work lean, trade services, and possibly provide consulting to stretch your budget to the limit. Ultimately, this will not be sustainable over the long term. In order to grow, you will need to focus on the big picture by increasing your timeline for production and determining when is the best time to find associates to assist with your growth. This will allow you to work smarter and be more efficient. Here are four tips to help keep your costs in-line:
Are you considering expanding your business? Making the move from a home office to a commercial building? Is your current lease expiring and you want new digs? Once you have determined your new location, the next step is moving as effectively and efficiently as possible. Keep in mind, even though you are moving, the organization must continue to function and be operational. Here are some tips to follow when relocating your business:
Operating a business alone can be arduous, lonely, repetitive, burdensome and growth limiting. Historically, successful stewardship of an enterprise comes with having a partner or a small team rather than trudging along by your lonesome. Here are 5 keys to look for when choosing a business partner.
Being a startup is a formidable challenge. Statistics show that 3 out of 4 fail even if provided funding. Limited resources, endless days and nights – including weekends. All decisions fall on your shoulders and the never ending to-do list. Even with the best ideas, it may not reach fruition and there is no instruction manual to follow. Here are a few tools to help along the way.