Q: I have an idea to start a business, but don’t know how to get started. I don’t have the money to fully invest in myself, but if I had a financial investor, I think I could do much better. What would you recommend?
A: Thanks for your question. You’re on the right track. You’ve got the idea, now you simply need to figure out how to market it. Even if you were sitting in a room full of millionaires and billionaires, you wouldn’t get a single penny out of them unless you had a solid plan as to how your business is going to be profitable. Investors don’t care about your great idea, they care about how you’re going to make them more money. After you’ve come up with your idea, create a business plan that shows investors who your company is, what your company offers, and how it’s going to generate revenue and grow annually.
In the mean time, use what you got to get what you need. It doesn’t cost a penny to create a professional email address, create social media accounts, start a blog or create a website for your business. Get the word out about your business by offering your products and services for free and gathering testimonials. Ask every person you network with to connect with you via social media. Collaborate with other industry professionals and tap into each other’s networks. Create a buzz of your own that radio, newspapers, magazines and TV can’t ignore. Barter services with people who have the resources to help get your business to the next level.
As your network and your resources begin to grow, always remember to give back to the community. This is a great way to not only help others, but build relationships with the people who support your business or may not even be aware of your business.
If you’ve been inspired by today’s blog, please subscribe, post your comments below, and share it with your friends. Also, please add me on Facebook & Follow me on Twitter!
LIKE us on Facebook: https://www.facebook.com/pages/AskCheyB/262499613796140
Life & Relationship Coach