Ten Top Tips for aspiring Entreprenuers
I want to get rich
Don’t start a business with the sole aim of becoming a business multi-millionaire, because it probably wont happen! Start a business because you have a passion for your business ideas and are prepared to work hard for many years to ensure your business succeeds.
I don’t have the credentials?
If your resumé contains a first-class degree then many congratulations, but it should not prohibit or determine entrepreneurial success.
I’m not James Dyson either
You don’t need a unique or revolutionary idea to succeed in business. A solid idea with a sensible business plan is a good foundation for a very successful business.
Have a Mentor
Running a business is scary and sometimes Business Plans get left on the drawing board, when fear wins out over flair. Have a mentor that you can trust, ideally someone who has experience in running their own business and will always be there to help you.
Don’t gamble on a “get rich quick” strategy. Whatever the nature of your business, build a simple proposition that adds some sort of value to your product or service and is sustainable.
Compete as an equal
Never assume your established competitors have got it right or customers think that big suppliers are beautiful. Equally, be proud of your new company – your customers should be delighted that you are investing in Britain’s future.
As your business grows you will almost certainly need to change the way you manage and control it. Remember that if you always do what you have always done, you will always get what you always got!
Look after them well and be consistent. You can’t do it without them!
Create an identity for your business and make your business “a cool place to work”. Staff and Customers like cool and it’s not expensive to achieve.
Running and growing your business is serious stuff, but it won’t be successful if you don’t have fun along the way!
Starting your business
If you have an idea for a new business Lasiro can help you with your strategy, business planning and investment requirements.
Growing your business
If you have an established business and would like to accelerate growth and profitability, Lasiro can help with strategy, finance and management of your plans.
Selling your business
If you are thinking about selling your business in the next few years, Lasiro can assist with your exit strategy, ensuring you receive the maximum value.
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