Bravo! You managed to set up your startup and launch the product in 2021. What next? Let 2022 be about keeping the growth graph vertical instead of horizontal. Running a startup isn't easy as each day brings new challenges.
Many startups collapse before they manage to break even. This generally happens because of a lack of proper planning and execution of the same. Now is the time to sit and prepare your to-do list, understand your practical objectives and how to beat the competition with the right tactics.
Below I’ve mentioned a few practical ways that can be used as tips, tricks and hacks to establish a successful start-up.
Yes! Stop overthinking and delaying things that need to be done. Delay kills. It kills the enthusiasm with which a project needs to be handled. You might not gain 100% positive results but yes you will gain a lot of experience and exposure. Take it as your strength and take the next step. Be ready to face obstacles. Be courageous and smart enough to know when and how much risk should be taken.
- Excel in your niche.
Identify your niche. Do a thorough study of the market. Think and analyze how you can provide a product, service or feature that no one has pulled off as efficiently in the current market. Go throw online questions people are asking to get an idea about what major issues people are facing. Read reviews. Now think about how you can help these customers. What improvisations you can bring into your product or service that can prove as a challenge to other companies.
- Never stop networking.
Networking is a key component in any startup. With networking, you gain referrals that are essential in growth. Also, as you meet new connections and reach a broad network, you might gain partnership opportunities. These opportunities bring with them more resources, experience and expertise. Networking also helps you find mentorship and support. Having a mentor is a huge advantage. They will guide you through the obstacles and stop you from making decisions that can cost you your startup.
- Learn how to attract the market, both online and offline.
Wondering, why bother about offline marketing when everything is a click away? Let's get realistic. Target all the clients, irrespective of their background and the fact that they have access to the internet or not. Radios, television, banners, billboards, brochures and telemarketing are unbeatable ways of offline marketing. For online marketing, you can count on Facebook ads, YouTube and other social media.
- Hire an SEO service provider.
Search Engine Optimisation is something every startup owner must take very seriously. You wish to make your online presence but there are chances that you make some drastic errors. Rather than keep checking for these errors and fixing them later, connect with an SEO service provider.
- Go steady with fundraising.
You are in this startup to raise money. Alright. However, do not be tempted to take the wrong offer. Raising funds is a long and challenging process. It is one crucial step where your wit and patience is required the most.
- Have fun.
Enjoy your startup. Be passionate about it. Make it a learning experience. Be open to new learnings. Ask questions. The more you question, the more you learn. Do not make it an exhausting and self-draining experience. Keep a balance between work and your personal life. If you are tired, take a break. If you are sick, concentrate on your health. Make your startup an important part of your life but not your life.
How Can Compliance Calendar Help?
Apart from the above tricks, tips and Hacks, the one smart move you can make is connect with the Compliance Calendar LLP. A legal company that is a lifesaver for any new startup. There are a lot of challenges and difficulties a startup faces. The major issue is one related to legal aspects. Right from Private Limited Company Registration, GST Registration, ISO certifications, Trademark Registration, Accounting, Legal and Tax, MSME(Udyam) registration and other legal aspects, Compliance Calendar is there to guide and help you.
At Compliance Calendar LLP, you get time and space to concentrate on your business, while they take care of the compliance part for you. Dear friend, do not hesitate. If you have any queries, simply connect via email at info@ccoffice.in or WhatsApp/Call at +919988424211.
Establishing your startup wasn't the real challenge. The real challenge follows with time. The challenge lies in keeping the graph from falling, keeping your team intact and maintaining faith. Stay focussed and keep an eye on your competitors. Learn from your mistakes and keep your mind open to new learnings. Stay ready to take risks but don't fall for temptations. Work hard but never compromise on your health and happiness.
