Whenever an individual has the idea of beginning a new business from the ground up, that person must ask him or herself the following questions. Will my business be successful? Will I be productive (making money) or should I remain as an employee? Do I have the experience, education, the personality, the start up money required to be successful? There is an almost endless list of what is needed to start a new company and succeed. For more information and tips about business success, you can do plenty more research.
There are numerous historic business models for what is needed to succeed. The demand for a valuable product or a useful service is always needed, it is the very first consideration and still must be forefront among a new business’ requirements. Does the world need another Facebook, Widgit, or Google? Is the iPhone in need of a challenger? Is there a wonder product out there that a new business can promote and ride to success and untold riches? These questions must be examined by the prospective business owner before a dime is spent on infrastructure.
Today’s new business start ups will largely depend on the internet for their success. An IT department must be a part of any business model. The persons in this department should fully understand Search Engine Optimization (SEO) and how to avoid outside interference, hacking or a cyberthreat and its destructive potential.
Many of the old second millennium business models are hopelessly outdated. Once upon a time only a storefront and an ad in the Yellow pages was sufficient to get a business off the ground. Now we live in the age of the eCommerce storefront where businesses may operate out of state or country instead of someone’s home or garage. One only has to see the example set by Steve Jobs and Apple to realize that he was peering into the future. Jobs saw the future of the computer and the internet and realized that IBM had no competition. All businesses from Apple to your start up require time to grow and develop. A business owner must make changes as needs arise. Any business owner today must be equipped with competent staff willing to take a part of the company being paid in benefits instead of a steady paycheck.
As a business gains a foothold in the marketplace, a special consideration needs to be made for customer service. Customers will always be required for generating new sales and in order to succeed these customers must be treated almost royally by management to guarantee future success. Customer service extends from the CEO to the shipping department or the delivery crew. Continual training may be required by management, especially as a business grows. Numerous outside sources can train staff in a day long seminar or longer, in order to secure business success.
There is no joy that compares to being a successful business owner and having the respect of customers and employees as well as the admiration of those in your community who will regard the successful businessman as a role model and worthy of admiration. While the work will be truly intense, the rewards are greater. Among the needed expertise needed by the owner is how to deal with any catastrophic occurrence. A valued employee may contract an illness and be unable to work. A delivery crew may have an accident while making a delivery. Having a cool mind for the business owner is an absolute necessity along with the appropriate insurance.
No business is guaranteed success, but innovation, commitment, coupled with hard work and a great business idea go a long way toward business success.
by: Walter Bodell