Top tips for new businesses

December 5, 2020 3:59 am

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There are not a lot of us born entrepreneurs, at least not by default. It takes a lot of practise and might include doing stuff that doesn’t come to you naturally. Within a year, 75 percent of start-ups fail, so if you don’t want to be part of that statistic, it’s crucial to learn the traits needed. It’s basic stuff as well. For example, knowing that your Printer leasing is covered is extremely satisfying and easy to get done.

 

Networking is all that is important for growth.

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The start of your business is a critical moment and it is important to network to build the ties that will help keep your company afloat. You never know when you could come across a strong ally and invaluable ties. You can return the favour in the future and help another young start-up out.

 

Teaching is essential.

 

Strive every day to learn something new and never stop learning. Always be a learner, listen to others’ advice and opinions, and take note of those who have travelled the road before you. This experience can also help you become more competitive on the go in problem-solving.

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Stay versatile

 

So the perfect niche has been found, but don’t rest on your laurels and presume that the market will remain that way forever. Markets are famously fickle and keeping alert to emerging patterns and fashions is important, so when the winds of change sweep through town, you can remain at the cutting edge.