It’s high time to launch a startup, a newly formed business venture that is intended to grow rapidly. Each year the startup’s trend breaks the records because the number of newly established companies is considerably increasing. Last year, in 2017, the first place on the list of the ’10 Fastest Growing Industries in the US’ belonged to web design firms while construction and building-finishing companies took spots #2 and #3 correspondingly.
To Launch a Startup or Not: That Is the Question
Launching a startup has no age boundaries. It doesn’t matter how old you are because a creative idea can flourish in any head. If you’re ambitious enough to prove your business opportunities, you should dive into this venture. However, firstly try to weigh all the pros and cons. The core attribute of a startup is its ability to grow. If your idea is too crazy and costs an arm and a leg, think twice before turning your project into reality.
As a rule, when people are planning to launch a startup, they have no experience. They have no idea what it’s like to work extra hours until their enterprise becomes flourishing. They don’t know how it’s hard to make crazy ideas come true. Moreover, people don’t know how it’s hard to find those who believe in them and their business venture. It’s unspeakably hard to reach out to people and ask them what they need.
Whatever startup you’re about to run, you would need a fundamental marketing campaign to promote your business thoroughly. Thus, alongside with the developing of your business idea you should build a creative, powerful website. When you are on a tight budget, you can opt for ready-made premium website templates allowing business owners to build a solid site easy and fast. That said, a tireless and daunting path to success can be walked less painful if you follow the advice of professionals and experienced entrepreneurs.
1. Come Up with a Creative Idea that Works
EVA – AMP Fashion Store Magento Theme
The most important yet hardest thing on the path to launching an efficient startup is thinking out an effective yet creative idea. There are millions of ideas and startups but fewer than all become successful. You need to offer a proper solution to a vital problem, for example, to develop the technology that can make the world better and simplify people’s life or you can combine beauty and comfort by launching an elegant, feature-rich e-store with a super user experience toolkit based on EVA Magento theme.
2. Stop Spending Time on Things That don’t Generate Revenue
Mesa – Responsive Magento Theme
If you want to become a successful businessman, you should focus your efforts on generating revenue. Stop spending your time on something that doesn’t generate income even if you love that business. Looking to the stars won’t ensure a careless life.
3. Fund Your Startup Effectively
Fashi – Fashion Boutique Magento Theme
After your brilliant idea has been born, you need to find ways of getting funding for your business. Having a tech-based idea can attract attention from venture capitalists. So, you can hope to god that they see your business potential and invest money. Today, it’s more reasonable to consider joining up with an experienced co-founder. Then you can sell him (or even them if you entice a team of investors) stocks in exchange for a stake in your business.
4. Hire the Right People
Once you have taken care of the funding, it’s high time to put a working team together. Firstly you should understand that a startup greatly differs from a corporate and looks like a disorganized workspace. You won’t have any specialist at hand. Thus, you have to be prepared for any situation and sometimes make use of materials at hand like business Magento themes for building a website.
5. Hire Professionals and talented Individuals
Your startup needs a solid foundation to grow. If you turn your newly developed company into a frat place for inexperienced youth, you can have difficulty with discipline at work and quality of performed task. Choose ambitious, creative, talented and hard-working professionals, otherwise, your business venture is doomed to failure.
6. Sell Anything but Better than Your Rivals
If you know that you can sell better than your rivals, do it. There are millions of sellers all over the world, but you can stand out from the crowd thanks to the different approach. Many of the global best entrepreneurs are not selling something new or extraordinary, but their business is prosperous (for example, Sam Walton with his Wal-Mart). Using a truly remarkable multipurpose Magento template Magetique with AMP technology, you won’t have difficulty with launching any affective e-store enhanced with the advanced UX toolkit.
7. Have No Fear of the Legal Side of Things
A number of people are afraid of starting a business because of the difficult process of its legislation. However, turning your creative idea into a proper business is not too daunting, especially if you establish your company in the United States or the UK. The governments support and encourage fresh-faced entrepreneurs to set up their own enterprises.
8. Never Compromise on Marketing
Your startup needs customers to flourish, but how can they know about your service or product? An effective and comprehensive ad campaign will work on your brand awareness and your company’s credibility. To promote your business on the web, use your website. If your company is still without a solid online presence, use Shopy Magento theme to set up a site easily, fast and cost-effectively.
9. Ask for Advice or Find a Business Mentor
It’s impossible to have all the answers, especially if you are a newbie in the business niche. That is why you need a competent attorney or expert or experienced friend who will provide you with a useful advice. You may lack of professional skills or knowledge in accounting or web designing or manufacturing, so it’s reasonable to ask for help.
10. Analyze Your Market Niche
Take into consideration the previous experience in your business niche. You need an accurate and objective market survey, and the web is one of the best places to get exhaustive answers. Find the right blogs, forums, follow up social networks and of course research your business niche offline. Such a study will help you find out pros and cons of your business letting you avoid making fatal mistakes in the future.
11. Make Your Online Presence Work for You
Today launching a startup without a website is a stupid idea that won’t work for you. The Internet is an ever-living source of information and the best way to reach out to more potential clients. People need to know about your business so a corporate website serves a powerful presentation of your business. Take a look at CharmaChara Magento theme which overall look, high performance and advanced functionality will definitely attract the attention of customers at a glance.
12. Optimize Your Website for Conversion
Without SEO your website is seamless because it won’t generate traffic. You have to stand out on major search engines and rank high in results if you want your startup to grow. Thus, opt for SEO-friendly website templates like Magento themes. For example, YanagiUdo is an impeccably optimized theme dedicated to restaurants and food-related businesses. Google values fast pages, so with Accelerated Mobile Pages, this template will easily provide you with top ranking and high conversion rate.
13. Outsource Your Work to Employees
Once you’ve mastered your business idea and started generating income, you can turn to passive income. It’s possible to assign many tasks to other people: market research, ad campaign, web design, proofreading, content making, etc. Moreover, you can hire a web developer to build a solid yet cost-effective website powered by one of gorgeous Magento themes, for example, Shop4U responsive template.
14. Interact with Your Customers
Whatever startup you have, customers and potential customers are the basic elements and driving force of your enterprise. Your business completely depends on the way people buy or use your product. So, you need constantly to learn all about these people and their satisfaction with your work and better UX on your website. For example, Illin.co Magento theme is equipped with the rich toolkit to enhance website interface including working Commenting system, amazing blog layout and many more.
15. Always Track, Monitor and Measure Your Business Results
Move beyond and stay strong in the pursuit of your goals. Once you’ve identified your target audience, launching campaigns, started effectively selling your product or service, it is time to monitor your achievements and improve your business strategy. This approach allows you to identify what tactics work where (and with whom) giving you an opportunity to iterate what works for continued success.
Are you ready to launch your startup right now? If the startup is a state of mind for you, you ‘re ready. Your business idea may not be brilliant, but in order to succeed, it only has to be better than what your market competitors currently offer. Provide people with a fresh-faced, easy solution to solve a vital problem, and your startup will 100% flourish in the nearest future. Just try and never stop!
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