This guest blog has been provided by Marissa Perez of businesspop.net. Thank you Marissa for your insight.
The saying, ‘time is money; could not be more true than it is today with the rapid speed at which life, in general, is progressing. Therefore, if you are thinking of starting a business and know you have x amount of time in a day in which to do it, Justin T. Farrell shares how to begin if you have limited time on your hands.
Redefining your day into manageable time slots
Speaking of time, imagine you literally had only eight hours to make your business dream a reality. In that case, you could start off by redefining your day into manageable time slots to tackle the most tasks in the startup phase of your new business.
Early morning considerations
One of the most important things to decide on in the beginning stages of starting your business is deciding what structure it’ll have. But with so many to choose from, it can be difficult to decide which one will suit your business model best. Nonetheless, if you do your homework, you’re sure to find the right one whether it be a Sole Proprietorship, a General Partnership, a Limited Liability, or a Close Corporation.
Along with deciding on a business structure, you’ll need to decide on a name for your new venture, apply for an Employee Identification Number (or EIN) and open a business bank account to ensure that your business is now a new separate legal entity. Use this time to also consider how you’ll go about getting the additional funding you need if you don’t have the desired lump sum of start-up capital to put up front.
Fanciful teatime ideas
Suppose you hope for a business that’s really going to surprise everyone and take the world by storm. Then use this time to envision what it is you would like your business to achieve, i.e. define what your long-term goals should be. Of course, you’ll need to have a thorough business plan drawn up, outlining how you will go about getting there. So, call up your business consultant to help get the ball rolling in the meantime.
Tackling your marketing tactics during lunchtime
Of course, a big part of getting your business noticed is by having a smart marketing strategy in place right from the beginning to ensure you don’t lose out on valuable market share. Again, you’ll probably have to create a detailed marketing plan outlining how you’ll go about this. And if you don’t have a dedicated in-house marketing team in mind, then you could also enlist the assistance of external consultants to help you strategize on the best way forward.
One of the best ways to show that you are an accredited, reputable company is to make sure you have a professional-looking business card to show to prospective clients should they ask for one. With a business card maker template, you can customize your business card according to how you want it to look (and at probably a fraction of the cost, too). Moreover, you can decide on the finer details right down to whether you want to add an image to your business card, to the text, the color scheme, and even the font of your choice.
Your late afternoon brainstorm
If you’re not planning on handling all the functions of your business yourself, then you’ll need to figure out how you’re going to hire new employees. As the onboarding can take some time, you can always opt to hire freelancers in the interim to help with any urgent tasks.
In summary, starting a new business will take extensive planning, but you can do a lot of prep work beforehand to make sure you’re off to a good head start. Furthermore, excellent time management is vital to ensure you get the most important things done first and to capitalize on any opportunities that are sure to come your way.