Advice to Women Starting Businesses:
Think Bigger, Smarter, Faster
If you’re looking to set up your own business, there’s no time like the present! Here are five tips for the budding businesswoman that can help you think big,
smart and fast- three important ingredients to fast-track you on the road to success.
1. Don’t be afraid of experimenting
To know what works, you’ll have to test the waters first. Experimentation helps to collect information, assess your competition and drive you towards your big master plan, says a Forbes article. Support other women-driven initiatives to make a bigger impact.
2. Develop smart marketing plans
Business is all about networking and having a smart marketing plan helps convert contacts into customers, says an ABC News article. Geri Stengel, the founder of digital media and market research companyVentureneer, gives some tips on how to broaden your network in an Inc. article that shares the secrets of successful women entrepreneurs.
3. Need money? Think of crowdfunding!
Crowdfunding i.e. asking your family or friends to contribute towards your start-up is an innovative way of getting funds for your business, says the ABC News article. These friends or family members become the early “investors” for your new business. The National Federation of Independent Business gives the 101 on crowdfunding and how to raise money through this technique.
4. Purchase adequate business coverage
One disgruntled client can collapse an entire business. Guard yourself from expensive lawsuits or damages by purchasing enough insurance to cover your business. Business insurance is costly, but it is essential, says a post on the blog Future Simple. A Forbes article explains the 13 types of insurance for every small business owner. It’s important to consider different options to match your business requirements and budget. For example, a business that deals with sensitive information should definitely have a data breach policy.
5. Follow in the steps of success
There have been plenty of successful businesswomen before you and it’s important to understand what they did that made them a great success. Melissa Pickering, founder of iCreate to Educate, an education software developing company, found that talking to experts helped her focus on her business goals. Incorporating the advice of those who have achieved success is important, she shares in a Forbes article.
As more women look to start businesses, the U.S. Small Business Administration provides resources that will help women get a head start on inching closer towards their dream project. Have you been dreaming of starting your own business? Take small steps towards big plans for your venture. The time is now!
Read the full article at: wib-i.com
Patty Block, President and Founder of The Block Group, established her company to advocate for women-owned businesses, helping them position their companies for strategic growth. Charting the course for impactful, sustainable, profitable businesses, the beacon is control: of your strategic direction, your money, your time, your staffing, and your ability to bring in business. The Block Group brings together the people, resources and ideas that build results.
Business management consultant.
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