How to Fund Your Start-Up

Contributed article in our business series. Enjoy! – Kimberly

Start-up culture is something that has been defining the business world in recent years. With hundreds emerging every day, people are quickly discovering what it is like to take the reigns in their own business. Unfortunately, lots of these start-ups don’t make it past the first year. This is usually down to a lack of funding to kickstart their business. While it can be easy to give up when this happens, you shouldn’t let finances get in the way of owning your own business. Luckily, there are many ways you can find this funding that is more sustainable than taking out countless loans, which will soon see you on the way to success.

Personal Savings

Lots of people choose to finance their start-up with their personal savings, which can give them a great sense of achievement and independence. However, not everyone is in a position this fortunate. When this happens, you can top-up your savings until you have enough to fund the first few months of your business. Keeping your day job and following savings plans are a great start, but you can free up more time to spend on your business by investing. Currently, stock trading has become the go-to, where copper trading is on the up again. The best copper stocks should be easy to navigate when you become used to the world of trading.Continue reading

The Qualities of a Successful Business

Contributed article in our business series. Enjoy! – Kimberly

A successful business requires a lot of work. For your business to be well off, you must first understand what that means. Even with products and services that are popular, there is a need to innovate continuously. That is why it is important to be creative and unique and continue to do so at every stage of the venture. Secondly, as the employees are the heart of any company, the type of people that you hire will greatly affect the end-results. This, in turn, will also alter the company culture, and will thus continue to make it appealing to the right type of prospective employee. You can’t forget about a good online presence so that everyone can find you, the power of emotional marketing, financial stability, a good strategy and taking a look at what the competition is doing. After all, you always want to aim for better. Persistence and adaptability are the final two points to consider.Continue reading

5 Popular Myths About Starting Your Own Business

Contributed article in our business series. Enjoy! – Kimberly

If you have yet to launch your first business, it could be easy to believe the many myths about starting a new company. As a result, budding entrepreneurs might be deterred from launching their first business, or might launch an enterprise only to experience a few nasty surprises along the way.

As with any business decision, you must look at the facts to make a decision that’s right for you. Here are five popular myths about starting your own business.

Myth 1: You Need Investment to Start a Business

Believe it or not, but you don’t need a considerable amount of money to start a successful company. Yet it’s a common misconception that you need to seek investment to help kickstart your new venture. However, statistics prove the opposite is true. According to Fundable, only 0.91% of startups are funded by angel investors, and only 0.05% are funded by venture capital investors.Continue reading

7 Ways To Transform Your Business From Good To Great

Contributed article in our business series. Enjoy! – Kimberly

It’s nice when business is good, but even better when it’s great, and you find your company flourishing and moving forward seamlessly. Unfortunately, this type of transformation doesn’t happen overnight, which means you need to remain patient throughout the process.

You have to be dedicated and committed to consistently improving how your business functions and making sure you’re putting your customers first. Going from simply good to great isn’t easy, but it is possible with the right approach and mindset in place. Now is the time to stop wishing your situation was different and start taking action that will make a real difference in how you operate.

Set Goals & Write A Business Plan Continue reading

3 Simple and Cost Effective Marketing Strategies for Your Small Business

Contributed article in our business series. Enjoy! – Kimberly

The very success of your business relies on marketing. Without the necessary influx of clients, you are not going to be meeting the profit margins necessary for your business to survive, let alone flourish and grow. As a small business, you need to build yourself a solid reputation as a reliable company with good quality service, and that can only be achieved by a well thought out marketing plan. There are many aspects of marketing, from the promotion of your services to public relations in the local and broader community, and therefore there are many different aspects you need to consider. If you are looking for affordable and effective advertising techniques, then here are a few simple and cost-effective marketing strategies to get you started.Continue reading

Startups: 3 Business Mistakes You Need to Avoid

Contributed article in our entrepreneurial series. Enjoy! – Kimberly

Starting a new business is an exciting but busy time. Your to-do list is as long as your arm, and unfortunately, you only have a limited number of hours each day to achieve them. It can be overwhelming, but you need to have the discipline and resilience to carry on and make an impact.

New entrepreneurs are vulnerable to making the same mistakes time over, and so you need to be vigilant that you don’t fall into the same trap. Here are three mistakes that you need to avoid.

  1. Not Understanding the Value of Money

Startups invariably have limited cash flow, and that means that money is at the forefront of every decision being made. New entrepreneurs typically fall into one of two camps: those that spend money freely to make more money and those that spend the bare minimum. You must understand the value of your money.Continue reading

How to Create a Start-Up in Style

Contributed article in our entrepreneurial series. Enjoy! – Kimberly

Sometimes a little style, confidence and razzmatazz is just what’s needed to launch a new business into a prosperous future. It’ll show off your credentials and will cast away any lingering doubts or worries, instead investing you and your team with a confidence that may well lend itself to the first stages of opening a business up to new, competitive markets. This article takes a look at some of the best ways to start-up in style, using the invested money you’ve got to position yourself squarely in your industry without any hint of weakness or insincerity.

Launch Party

Every promising new business deserves a launch party, and yours should be no different. After all that preliminary work – most of it fairly dull paperwork – to establish your business as a trader, your launch party is a celebration of what you’ve achieved so far as well as a momentum-builder for the immediate future, filling everyone connected with the business with hope and positivity. Buy some bubbly and get some nice nibbles organized and prepare to bask, just for one evening, in the preliminary successes of your business.Continue reading

6 of the Most Important Components of an Effective Leader

Contributed article in our leadership series. Enjoy! – Kimberly

Every great business needs a great leader, but what is it exactly that makes a leader great?

Firm but Fair

Any truly great leader must be able to strike a balance when dealing with their subordinates. In particular, it is important that you always make your workers aware when they make mistakes, as this is the only way that they will learn. However, your role cannot simply be to hand out work and critique the results. You have to mix constructive criticism in with compliments and acknowledgment of their strengths and achievements.

If you lean too heavily in either direction on this, you will find that you quickly have a demotivated workforce on your hands. As their leader, it is up to you to ensure that the various components of your business are acting in harmony.Continue reading

How to Prepare for Leadership Positions

Contributed article in our leadership series. Enjoy! – Kimberly

With several years of professional experience under your belt, a time will come when you feel you need to take your career to the next level and assume a leadership role in the organization you are working for.

This is when you now understand the complexities of the business and you have grown in your career to feel ambitious enough to lead other people. Of course, you need to back up your ambitions with a history of stellar performance otherwise no one will take you seriously. Even if you rise to the level you want, your subordinates won’t give you the respect that the office you hold deserves.

You need prepare well before you assume leadership roles.

Attitude Adjustment

Start working on your attitude if you want to be a leader. Attitude is the first signal that you are ready for the altitude. Do you sulk when given roles beyond your job description? If yes, then you need to change your attitude.

Does your boss know that he/she can assign you tasks and trust that you will complete them with minimal supervision? Do things that bothered you before; like impromptu tasks no longer bother you? In fact, you even find yourself more flexible these days and somehow understand that the only constant thing is change. If you no longer take last minute requests and disruptions from your boss personally you are well on your way there.Continue reading

4 Ways To Transform Your Team From Good To Great

Contributed article in our leadership series. Enjoy! – Kimberly

Being the boss is a difficult task that takes hard work and dedication. Maybe you’re someone who’s been struggling to keep your team motivated, or simply want your staff to try harder.

Telling them what to do and how they can be better doesn’t always work. You need a plan in place for transforming your team from good to great and allowing them to showcase their true talents in the workplace. While it’s going to take a little extra work on your part, it’ll be worth it in the end when they’re going above and beyond and surprising you with their improved outputs.

Never Stop Challenging Them

Rewards are great, but you also need to provide your employees with work that makes them think and use their skills. One way to shake up your normal routine is to challenge your team to breaking free from one of the many life-sized Escape Rooms. They’ll need to work together to solve mysteries and puzzles and won’t get anywhere unless they’re communicating and coming together as a team. Put them to the test inside and outside the office, and you’ll soon see each of them truly start to shine.Continue reading