I was doing my job from 9-6 with complete
dedication, but often I used to get late to office. Most of the times I used to
get late by 10 minutes and for that I had pay cuts. Hooking up with a 9-6 job
in a corporate culture was not my cup of tea. I had my share of apprehensions
for the startup ideas. As startups fail miserable due to lack of
support given by the government, most of the youths have second thoughts with
respect to starting afresh and working for themselves, chasing their own dreams
rather than working for someone else.
I, as a fresher in business, had my funds
invested in my freelancing content business, but I was not sure whether it will
help or not. But, one thing that you should know is that being positive will
always help you when you want to start-up something new. When you have a
positive body language, a viable sight to see a better future and the trust in
your instincts, in that case, it will certainly help you to deal with numerous
challenges and make your startup grow exponentially.
In this article, I will help you explain
how you can make money online. To earn money online would not
be tough as long as you have a great idea in your head waiting to flow out.
Home based jobs are always the best thing to do. By working from home, you can
easily save on the transportation cost and the hassles put forward. With the
energy saved on account of travelling, you can put more efforts in the work.
Who
Can Plan a Start-Up?
Anyone can plan start-up. The start-up
ideas are not confined to a specific niche, but whenever you are planning an
idea, it should be kept in mind that patience should be there. A start-up will
not start giving your revenues from the very next day, rather, you must know
about the ways of the marketing, and only when that has been figured, the money
will roll for sure.
How
to Make Your Start-up Idea to Rock?
I, as a fresher, was always concerned about
my finances. I knew that for my start-up to excel and thrive, it should have
superior skill force. Unprecedented talents will always help you take your
start-up to the next level. In here, if you are on the dead-end of the ideas,
in that case, with these insights, you can easily hire the best talent for your
start-up.
How
to discover fresh talents for your start-up?
Analysis
of their history
Start-up efforts are not just born out of
the blues, rather, they develop even when you barely knew about them. Most of
the entrepreneurs have been thus long time back. They started up as an
entrepreneur long before they knew that they could be successful business. I,
as an entrepreneur, would like you to know a small story of mine. Back then, in
the 1990’s, we were attached to tazos. Those small round discs that can fly in
the air once thrown. Such was the penchant for tazos that I wished to have a
lot of them. Back then, I had little pocket money to support many tazos. As
every chips packet had 1 tazos, I couldn’t manage to get more than 4 tazos in
one month. But, my friends managed to have a lot of tazos. What I did then was
to rub my tazos against the floor. It turned white in the process. When I
landed up in school I said that I had a special tazos. I was able to trade
20-30 tazos in return for that tazo. This was my first experience as an
entrepreneur.
But, I will not bound the concept of entrepreneurship
to a past history, even there are folks who have had no prior experience of
business in the past, but on account of their relentless pursuit to achieve the
objectives, they have been thriving as an individual.
Mentally
Strong Enough
You, as an owner of a start-up, should show
mental stability and sturdiness. Being mentally prepared to take the right call
will always take your forward. As you know that no business can yield from the
very next day, as a start-up venture owner you will have to keep that in mind.
At times, the roads would be tough and challenging, you will not land in
profits instantly. You will have to pay salaries, but if you stick to the idea,
it will help you grow. It is said that when you bring passion in your work, in
that case, even the gods will conspire with the fate to make things happen. At
the same time, you will also have to be mentally stable in terms of taking
calculated risks with respect to the expansion. If you think that a supervisor
can take your venture to the next level, you should have the heart to hire
them. Being mentally strong with respect to the decisions you make will always
keep you ahead in the competition.
How
to Plan the Start-up Budget?
The most challenging part is the budget.
For your startup to excel and thrive, you need huge investments. Only when you
have an unprecedented idea, the investors will be inclined towards investing in
your start-up.
Where
to Start From?
Many costs are associated with respect to
starting the start-up. Many financial firms are providing the assistance and
support to help you plan out the budget. They can guide you by using their
experience to prepare for contingencies. If you have an exceptional idea about
the product, in that case, angel investment can also come in the picture. For
angel investment to become a reality, it is required that you have brought
certain amount of disruption in the market. As in the case of Ola-cabs in
India, which was a new idea of transportation and success was certain. You have
to come up with a similar approach. If you create something new which is not in
the market, it will take the business ahead.
Financial
Estimation of Competitors
By estimating the finances of the
competitors, you can get the rough idea of how to keep the approach of your
business. But, at the time of picking up the ideas, you will face challenges
since they might be stalwarts in the competition. But you can certainly learn
from their journey and can use the same model or make necessary changes
accordingly for maximum benefits.
Cost
Analysis
Cost analysis is also important to
ascertain when you have angel investment for your start-up. There are a few
specific costs that will be recurring in nature. Costs like salaries and other
expenses will follow; you should be prepared for the same. Your investors
should be patient too, as nothing will happen all at once.
How
to Deal With Marketing?
Marketing of the start-up would be the next
step that will help in the revenue generation. In order to make yourself
visible, going by the normal paradigm of creating a website, or going active on
e-commerce platform if you deal in e-commerce items will be of great value. When
you get your website designed for your start-up, make sure that it has a
responsive approach. A responsive website will be compatible across all tech
devices.
For gaining recognition in the competition,
you must also pitch for digital marketing. In the digital marketing campaign,
the service provider will give SEO services, PPC and ad campaigns followed by
campaigns on social media like Facebook, Twitter, LinkedIn, Pintrest, YouTube
and G+.
Partnering
with Brands
By partnering with brands which sell the
same services and products as you do, it can help your start-up in the best
way. If you are selling shoes, cloths or any services which are relevant to a
well-established brand, you can associate with them and ask them to promote
your business. They might charge for the endorsement, but in the end, you will
feel that it was worth when revenues will roll.
Conclusion
Start-ups can also be home based jobs, as
they are the first step towards starting something of great value. For the
start-up ideas to grow and thrive, you need to have patience and one more
thing, believing in yourself. Good start-ups also attract government funding,
as they have the potential to increase the GDP growth and generate employment
in the economy.
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