About to launch your start-up? 5 Tips to take you to the top

Not for the faint-hearted, launching a new business requires strength and determination. Here are five tips to guide you in the right direction:

1. Expect change When things happen unexpectedly, such as a change in the market or a supplier going out of business, you need to move quickly. Anticipate the need for agility and you’re already half-way there. 2. Hone business and networking skills Get to know local business people and you’ll pick up knowledge from seasoned professionals and newbies alike. Business networks are an invaluable source of advice and support. 3. Build a following Use social media platforms, press releases, even get your picture in the local paper if you like. It doesn’t matter what type of business you run, with the likes of Twitter, Facebook and Pinterest at your disposal, making a name for yourself has never been easier. 4. Devise systems and processes Tried-and-tested systems such as these that automate administration and help the business run itself are invaluable: • accounts software that imports data from business bank accounts and PayPal • template letters for chasing payments • scheduling software for blog posts, Tweets, and Facebook updates 5. Educate yourself Know your figures, understand how they interact with each other, and you can forecast problems ahead. It’s easy to find good financial literacy training, so invest in yourself and it will serve you well for the rest of your life. Colour Accounting™ is our financial literacy course. Click here to secure your place. [traininglist slug=”colour-accounting-normal”]  ]]>