Success Training Academy » April 15, 2016

Daily Archives: April 15, 2016

Business

Successful Start-up Business Ideas

Published by:

business

It is definitely not possible to predict when a germ of an idea will grow to become a strong robust tree. This is similar to business ideas that come in a flash and can be nurtured into a successful start-up and then to an exponentially growing company. But there are some guidelines that should be followed to avoid any financial disaster.

The first factor in this respect is the financial means to get things rolling. Start small preferably with your own savings to avoid interest payouts on loans. Next, keep fixed costs down. Start from a small office in the house and stay away from paying rent. Hire absolutely essential staff to help you out. Reduced expenses on infrastructure initially will help boost savings that can be invested in expansion at a later stage. And most importantly, if it is possible, take a franchise of an established company, pick up the ropes and then branch out on your own.

There are a lot of business ideas that can be fitted in this format. Commercial cleaning is an example. Buy minimum equipment, store them in your house and hire people only if you get a contract for large premises. As your goodwill increases through favourable word of mouth publicity you can invest in fixed assets. If you are especially trained in a particular field like accountancy start with freelance finalisation of accounts for companies before establishing your own firm. Or if you already have an existing family business, try some new innovations and diversification of operations for a quantum leap in turnover.
After all the success of good start-up business ideas is proved in the growth of business.

  • Tag Cloud

  • RSS Feeds

    • Secrets to Success as a Beauty Therapist March 22, 2017
      It takes a lot to be a successful beauty therapist. You need to have extensive knowledge about the industry you are working in and have a wide range of skills. Many beauty trainees are attracted to this glamorous industry and often forget to take into account the personal qualities they might need to be successful. […]
    • The Secret to Success in Dentistry February 14, 2017
      When running a dentistry business within the industry, success relies primarily on two important aspects. These two aspects are crucial to success, yet many manage to completely lose sight of them in the daily business of running a dentist business. The two aspects are the ability to properly manage both the clinical and the daily […]
    • How Success is Directly Proportional to your Looks as a Professional December 5, 2016
      Success is like water, it takes the shape of its holder and creates an exclusive space for itself. Like water, there is no standardised explanation to success, it is specific to the environment it is in. Success in an industry is quite different from success in academics, success in administration is quite different from success […]
    • New Trends in Startups Can Make You Successful November 22, 2016
      2017 seems to be a promising year for independent venture proprietors and aspiring entrepreneurs. The advancement of modern day business technology has increased the chances to grow exponentially for the private companies. Online networking and digital advertising have accounted for a rapid growth of the E-commerce industry, which as a result facilitates your business to […]
    • Inspirational Success Stories – Motivate Yourself November 16, 2016
      When someone talks about inspirational success stories that help people motivate themselves to reach pinnacles of success, it is not simply a matter of narrating what happened. It is in fact an acknowledgement of the prowess, the pain of failure and bouncing back again and a determined will to succeed against all odds. These are […]