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Small Business Startup Tips

Small Business Startup Tips

1. Know how to take criticism. Make sure to seek critical feedback so that you can improve your product or service. Knowing what others think are drawbacks or flaws will help you grow your business. Learn from criticism so that you can build a stronger brand.

2. Don’t focus on money. Try to build your brand and get your name out there. Promote it as much as possible to your target audience. A good product or service will find a way to make money.

3. Marketing. Spend money and a lot of time on marketing. This is a key to success when it comes to startups. There are so many ways to market your product/service nowadays. From online advertising to social media. There are so many ways to reach a large population.

4. Don’t Go It Alone. Find a partner who is just as passionate as you about your service/product. Find someone that believes in the company and its purpose. Doing it all alone is stressfull and will cause more harm then good.

5. Stick with it. Don’t give up if you truly think you have a useful product/service. Sometimes things just take time.

Tips to Ensure Crowdfunding Success

Tips to Ensure Crowdfunding Success

1. Tell a compelling story – It is important to explain why you are so passionate about your company or project. Investors want to see that you are committed and passionate about what they will be investing in.

2. Communicate – Once you have interested investors make sure to keep lines of communication open. Investors will want to be updated on the progress of the project and and changes to the original plan.

3. Budget – Make sure you have a budget put together about how and why you will spend your money a certain way. Potential investors will want to know how their money is going to be spent.

4. Marketing – Social media plays a crucial role in the success of crowdfunding campaigns. By creating a buzz you will be able to reach investors worldwide.

5. Transparency – Make sure to be fully transparent about the company/idea. Investors will want a great deal of information before handing over money. Make sure you are clear about your goals and what milestones you plan to achieve.

6. Know Your Investors – It is important to know who your demographic or target audience is. If your product/service is geared towards people in their 20s and 30s then social media will be a great asset.

 

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