Starting up a company is always a big risk, and there is usually the really thin line between successful business and complete disaster. So, what are keys to the success in business?One thing is sure, every great business started with the drive, passion and with a lot of hard work. There are a lot of questions in mind of the future entrepreneur, especially if he/she doesn’t have perfect conditions for starting a business. How to build a company from zero? How to start a successful business with no money? We learned that many moguls like Bill Gates, Oprah, Steve Jobs, Mark Zuckerberg started at zero and finally launched their ideas in the most famous global brands and companies.
How to build a company from zero?
What are the most important successful business tips? First, you need a business idea! It is needed that the business idea is unique and can solve some customer’s problems. Your business goal is to sell your future product or service, so you always need to think in advance and be one step in front of your future customer. Finally, you need to think about future needs and future trends! Sometimes, the best way is just to follow your heart and your intuition and not be afraid of taking a risk. More, the risk is an integral part of every successful business. Steve Jobs said one nice quote: “ Remembering that you are going to die is the best way I know to avoid the trap of thinking you have something to lose. You are already naked. There is no reason not to follow your heart.”
So, in the business, there is no time for waiting! You need to react at the right time!
How to run a successful small business?
What are the needed steps for every future entrepreneur?
First, you need the market research! So, go to your target market and industry, learn more about your customers’ needs, competitors on the market, potential partners. Try to go deeply into the market research and to find something which your competitors still don’t know. You can use it as an advantage and it can give a future success to your company and the money, for sure!
Second, when you finally have the market research and according to it, the product or service, you need to make a business plan. Moreover, you need to set up your future business steps and goals according to the planned growth. As a beginning, you need a company formation and official seat for your business for legal action. Then, you need to set up your financial goals for the exact period. It’s needed to have the idea where you want to be in the exact period and according to that make your financial plan to accomplish the goals. To accomplish the financial goals, you need the appropriate financial management, especially accounting and bookkeeping. Also, you need to set up your company website. It’s important to use relevant and attractive content on the website, according to your business and products. More, as an integral part of web development and design, there is the relevant marketing management, especially digital marketing.
As the last, but not less important, you need to hire right people according to the needs of your company and the present growth state.
Finally, all these steps need to be part of the business plan and the planned growth of the company.
How to get funding for a business idea?
How to start a successful business with no money? Is it possible? Of course that you need a money for launching your business idea, but if you don’t have enough money you still can start your business! There are a lot of forms of financial funds, investment incentives, competitions for the best business idea, government grants through which you can apply and get wanted money for starting your business idea.
For example, there are different EU funding opportunities for SMEs and startups. Such as, the Executive Agency for Small and Medium-sized Enterprises (EASME) which is set up by European Commission to manage on its behalf several EU programmes, EUREKA, GALILEO-startup programme, ESI funds, COSME-financial instruments, etc.
There is one more way how to get funding for a business idea, it’s crowdfunding. What is crowdfunding? Crowdfunding is the practice of funding a project or venture by raising many small amounts of money from a large number of people, via internet platforms. The most creative, useful or interesting idea get the most amount of money. There are more than 600 crowdfunding platforms around the world, such as Kickstarter and Indiegogo.
So, If you have the brilliant business idea but you don’t have enough money, not give up, there are many ways!
Why start up your business in the Czech Republic?
The Czech Republic is known as a heart of Europe, the country with great location, good infrastructure, highly educated and skilled workforce and relatively low wage costs. So, it’s not wondering that many interesting companies were born here. Avast, GoodData, AVG and etc.
If you still wondering how to build the business from scratch and if you need some more successful business tips, be free to contacts us!
