If you are planning to start a new business, now is the time to make it happen. There are many tips and tools that allow you to start a company faster than you ever could. In fact, if you put your mind to it, you could start a business during the course of an eight-hour day! Here at Payzli, we want to see you succeed from now into retirement, so we have this guide to help you start a profitable business during the standard workday.
9:00 am – 10:00 am: Create An Idea For Your Business
Before you can work out the details of your new business, you need to come up with a profitable idea that will attract customers. When coming up with ideas, an easy tip is to think about what you are good at. So, if you love sports, you could start an apparel store online or if you understand the stock market, you could work in investments. Another option is to think about what is needed in your community. For instance, if there aren’t any tax services in your town, you could set up a shop and do tax prep.
10:00 am – 12:00 pm: Create A Business Plan
Once you have an idea for a business, you need to flesh it out and create a business plan. A good plan will include how you hope to acquire funding, how you will sell your products (online or in a physical store), how many employees you will need, and how you will keep inventory flowing so you always have something to sell. If you plan on getting a small business loan or grant to start, having your debt-to-income numbers on hand will be an important part of qualification. Have this entire plan put in writing so you can refer to it whenever you are looking for the next steps.
12:00 pm – 1:00 pm: Set Financial Goals For The Company
A major part of your business plan needs to be your financial goals for the company. You should plan out goals for how much you plan to sell and how much money you need to make before moving on to your next phase or bringing in more employees. Remember that you will need to earn enough so that you can put a roof over your own head and provide for your family before you can splurge on extras, so add that into the equation.
1:00 pm – 2:00 pm: Create Your Company Logo
Now that you have the finer details ready to go, you should take some time to put a face on your company in the form of a company logo. While you can pay an outside artist to create a logo for you, there is the option to design logos online where you are presented with all necessary tools and you can create a professional logo without the extra fees.
2:00 pm – 3:00 pm: Find Freelancers To Help
When you are just starting out and money is tight, you may not have the funds to bring on full-time employees to help you get off of the ground, so it is a smart idea to find freelancers who can help you out for a fraction of the cost. Freelancers can do any number of tasks, from writing product descriptions to taking professional photos of your products for your marketing materials. You can check websites like Indeed and Fiverr to find qualified professionals in your area.
3:00 pm – 4:00 pm: Create Your Website
Even if you plan to have a brick-and-mortar store, you should still pair that with an online presence. These days, more customers are shopping online than ever before, so you will want a piece of the action. You can hire freelancers to help build your website or you can do it yourself using the services provided by WordPress and similar companies. Your website should feature all of your products as well as information about your company and a place for customer reviews.
A necessary feature of any business and website pairing is payment processing. Be sure that your business has excellent payment solutions for your customers with Payzli’s In-Store, Mobile, and Online Payment Technology.
4:00 pm – 5:00 pm: Marketing Your Services
Now that your business is fully operational, you need to market your services to the masses so you can bring in new customers who will refer their friends. Best practices include starting with a solid marketing strategy and modifying the plan as necessary to draw in new customers. There are many marketing strategies you should consider, including defining your target market which is the age group that is most interested in your services. You can narrow that list down to those who live near your area, then market your business via social media or a physical signage within the neighborhood.
Nice job! You have successfully started a new business during the course of your workday. Now that you have a solid foundation, continue to advertise, implement new products, and pay attention to the market.
This article was brought to you by Payzli, simply the best way to process payments and manage your business. Payzli offers a single source for business essentials such as payment services, business management software, web enablement, and mobile solutions available at one affordable cost. For more information, contact us today!