Starting A Small Business Advice
25 Apr 2023
Article by Kieran Perry - Business Advisor UK
How To Start A Business
Starting a business can be a challenging but rewarding experience. Here are some steps you can take to start your own business:
- Find a great idea and conduct market research.
- Write your business plan.
- Pick a business structure and other important legal issues.
- Create a strong brand identity for your business.
- Accounting, insurance, location, and other financial issues.
- Fund your business.
- Find great partners, vendors, and team.
What Are The Best Small Business Ideas
There are many good business ideas out there, but it’s important to find one that you’re passionate about and that has a market demand. Here are some examples of good business ideas:
- Online tutoring
- Social media consulting
- Personal shopping
- Pet grooming
- Food & Farm Markets
- Event planning
- Graphic design
- Home cleaning services
- Fitness coaching
- Mobile app development
These are just a few examples, but there are many more out there!
What Are The Most Common Mistakes When Starting A Business
Starting a business can be challenging and there are many common mistakes that new business owners make. Here are some of the most common mistakes that you should avoid:
- Poor or inadequate market research
- Weak financial planning
- Unrealistic goals
- Taking your eye off the competition
- Poor stock control
- Hiring the wrong people
What Are The Best Business Strategies For Startups
There are several common business strategies that businesses use. Some of these include:
- Business strategy: A company’s strategy refers to its overall company strategy and mission statement which guides its vision and how it will operate.
- Customer-driven operational strategy
- Core competencies strategy
- Competitive priorities strategies
- Product or service development strategy
- Cost-driven strategies
- Outsourcing strategy
How To Write A Business Plan For Success
A good business plan should have several key characteristics. Here are some of the most important ones:
Clear language: Avoid using industry jargon and technical terms that might be difficult for others to understand.
Employee recognition: Your business plan should include a layout for employee recognition.
Realistic goals: Set achievable goals that are based on your company’s strengths and weaknesses.
Great mission statement: Your mission statement should be clear and concise, and it should explain what your company does and why it exists.
Methodology for results: Your business plan should include a methodology for measuring results and tracking progress.
Foundation for marketing strategies: Your business plan should provide a foundation for your marketing strategies.
It fits the need of your business: Your business plan should be tailored to your specific needs and goals.
Your strategy is realistic: Your business plan should outline a realistic strategy for achieving your goals.
These are just a few examples of what makes a good business plan.
Top Marketing Strategies For Business Owners
There are many different marketing strategies that businesses can use to promote their products or services. Here are some examples below plus a recommended book to read is The Sales Fix Formula for more expert business help and advice.
Social media marketing: Use social media platforms like Facebook, Twitter, and Instagram to reach your target audience.
Content marketing: Create valuable content like blog posts, videos, and infographics to attract potential customers.
Email marketing: Send newsletters and promotional emails to your subscribers.
Influencer marketing: Partner with influencers in your industry to promote your products or services.
Search engine optimization (SEO): By Optimizing your website or blog you can aim to rank higher in search engine results.
Pay-per-click (PPC) advertising: Use platforms like Google Ads or Facebook Ads to place ads that target specific audiences.
Referral marketing: Encourage your customers to refer their friends and family to your business.
Event marketing: Host events like webinars or conferences to connect with potential customers.
These are just a few examples of marketing strategies that businesses can use. The best strategy for your business will depend on your goals, target audience, and budget.
Business Help For Small Businesses
As a qualified business advisor and sales coach, I can help you and your team near me or across the UK, reach new levels of sales and leadership skills, enabling you and your company to achieve business growth and sales success in your sector.
I am very experienced in executive coaching and management consultancy, with over 25 years of experience. I have been involved in many high-profile companies with my business coaching services and helped every one of them achieve sales growth and business success. My leadership coaching can help you become a better manager and guide your team to reach new heights.
Business Support
With years of experience as a veteran of industry, I have honed my skills as a top business consultant and non-executive director, and I am passionate about helping others achieve their business goals. Drawing on my extensive experience, I enjoy sharing my knowledge and expertise with others to help them push their business and management teams to achieve the most business development and sales growth possible.
Whether it's working with small start-ups or multi-national corporations, I take pride in tailoring my approach to the specific needs and goals of each client, ensuring that they receive personalized attention and guidance that will drive their success.
With a focus on effective communication, collaboration, and leadership, I help my clients identify their strengths and areas for improvement, develop and implement effective strategies, and build strong, cohesive teams that are aligned with their overall business objectives. Read More on my Kieran Perry main website.
By working closely with my clients and leveraging my extensive industry knowledge and experience, I am able to help them navigate the challenges of today's fast-paced and ever-changing business environment, and achieve sustainable growth and success over the long term.
Business Advice For UK Business Growth
Kieran Perry is a trusted business advisor and sales coach working in London, offering business coaching, sales training, executive mentoring, and management consultancy to clients across the UK and Ireland.
He has a proven track record of helping businesses of all sizes and industries achieve their goals. Kieran shares his insights and strategies for success through his blog and offers sales training courses to improve sales skills and techniques.
For those seeking business advisors, Kieran Perry is an excellent choice with online coaching and training sessions available. Follow him on Instagram to learn more about his services.
His services include independent business advice, business coaching, sales training, executive mentoring and management consultancy to business owners, directors, start-ups and individuals across the UK and online. To read more on his business advice view his Blog for more business strategies, or see his Pricing, or Reviews . Follow Kieran on Instagram.