Many of our customers purchase a Tiger Log Cabin to transform into a Garden Office. As it’s the perfect way to keep costs down when starting a business – and you could even use your home WiFi to keep bills low!
For those of you who are dying to take that leap of faith and follow the steps of many of our customers, below are 20 top tips from successful business people to give you some food for thought.
1. April Davis, Owner and Founder of LUMA, says; ‘Get a good Accountant and study financial reports.
It’s imperative to understand your numbers when managing your business. If you don’t already have a background in finance, then get busy studying your own financials and what they mean.’
2. Karina Rabin, owner of Hang-O-Matic, says; ‘Persistence is key to success. Don’t let the No’s break you it only makes you stronger to do it again.’
3. Ludovic Huraux, CEO for Shapr, says; ‘To create a company is a long journey and a difficult one. There are only two things that matter. First, you need to be inspired by your product or service. Wake up every morning excited about the work you do. If you’re not excited about your idea and doing something that matters to you, the time and energy you spend won’t be worth it.
Second, surround yourself with people who share the same values and compliment your skills. Your co-founders and team are along for the ride, and the time you spend building a company with them is what you’ll remember.’
4. Ben Walker, CEO for Transcription Outsourcing, says; ‘Public Relations is the most important thing you can do for your new start up.
Traditional marketing like conference booths, cold calling, door-to-door, mailers, email marketing don’t have the ROI they used to. People have access to the internet and don’t want to be sold anymore.’
5. EleneElene Cafasso, Founder and Head Coach of Enerpace, says; ‘Working in the business instead of on the business.
Not blocking out time for critical projects and instead responding to whatever comes up next.
Delegation – not delegating enough or delegating without any follow-up or accountability.
Not having a clear answer to “why you?”. What makes you different from a competitor? Not being clear on what pain you solve for a prospective client.’
6. Eric Brantner, founder of Scribblrs.com, says; ‘My top tip for new entrepreneurs is to focus on an issue that’s dear to you.
Perhaps it’s a problem that directly affects you that you’d want to fix, or a cause you’re passionate about. When you focus on what you know, you’re more apt to stick with it when the going gets tough.’
7. Bret Abbott, president of the Minnesota Chapter of Entrepreneur’s Organization, says; ‘Entrepreneurs are wired in a unique way, and they can learn from others who think like they do.
The best way to increase the value and efficiency of your business is to get involved in a group of entrepreneurs who are willing to honestly share their experiences. In EO, business founders learn from each other. We’ve seen time and time again, the best way to avoid a major mistake is to learn from others who already made it.”
8. Kostis Mamassis, Founder and CEO of Megaventory, says; ‘It is very important to have great communication and chemistry with the people you work with.
I ended up leaving the first business I founded because I was fed up with the daily operations and my team. That didn’t set me back, though; I immediately started a new business with a product I loved, where I was doing things I enjoyed. After all, business failures are like broken relationships. You overcome them easier by starting something new. So, if you want to avoid the long way around, choose your starting team wisely.’
9. Steve Silberberg, Founder of Fitpacking Weight Loss Backpacking Adventures, says; ‘While focus groups and marketing studies might provide some useful information, your vision is what separates you from everyone else and makes your venture unique.
Listen to advice, but go with your gut.’
10. Daniel Bjarne, Co-Founder and CEO of SchoolApply, says; ‘Entrepreneurship is tough, but it’s also incredibly rewarding.
Remember, there are going to be serious highs and serious lows, so it’s important to have people around you who understand the stressful nature of running a startup. Often this is in the form of co-founders, but it can also be mentors and family members.’
11. Margarite Halaris, Co-founder of BunkUp, says; ‘One thing I learned early on was that you can’t do it all by yourself.
Aspiring entrepreneurs need to think about what their individual strengths are and weaknesses. Once you’ve identified your weaknesses it’s beneficial to hire people to fill those voids.’
12. Will Craig, Founder and Creative Director at Digital Impact, says; ‘Sit down and work out what you are. What do you want your business to do? Who are your ideal customers? How do you want to be seen? Are you edgy? Are
you homely? Are you high class?
Once you have a firm idea of who you are, it’s much much easier to start putting it into practice.’
13. Sam Boothroyd, Founder of Rymer Associates Online, says; ‘Look for experts within your friends – This has saved me hunderds if not thousands!
Everyone has Facebook these days? How many old school friends do you know that can create a website or write promotional material for less money then you’d usually pay?’
14. Vitaliy Verbenko, Business Developer at Helprace, says; ‘Don’t immediately dismiss doing free work. Instead, understand why you’re being asked about free work and how it can benefit you in the long run.
When starting out, every small client can lead to a bigger and better client.’
15. Jeff Street, COO at Boss Heating and Air Conditioning Inc, says; ‘There is never a good time to start a company. Just do it.
Learn from your mistakes. You will fail in some form or another with your company. Learn from it.’
16. Ian Wright, Founder of Merchant Machine, says; ‘If you can’t quit your job and devote your full-time being an entrepreneur that’s OK. Instead focus on small steps you can take.
This can include starting the business on a part-time basis to doing some training to learn what you don’t know. The most important thing to do is to take action!’
17. Jasmine Powers, Founder + CMO at J Powers Marketing & Publicity, says; ‘Although the results of a successful business may be glamorous, the road to get there is grueling.
Buckle down and do not quit just because it gets difficult or you lose a lot.
18. Christine Dura, Director of Development for OrthoNOW, says; ‘Entrepreneurs need to be free thinkers who have had some previous degree of experience in operations, sales and marketing.
They also need to have a network of business relationships they can leverage and take as talent or customers into the new enterprise.’
19. Gene Caballero, Co-Founder of GreenPal, says; ‘One piece of advice I would give to new entrepreneurs is to make sure your product or service is solving a big enough problem.
If your problem is not 10x better than the traditional product or service, it will be hard to have product market fit. Talk to strangers, family, friends, co-workers and see if they would PAY for your product or service….not just see if they like it.’
20. Dayne Shuda, Founder of Ghost Blog Writers, says; ‘Research merchandise. Research locations. Research financing. Run the revenue you need to cover costs and where that revenue will come from.
Do something everyday to move the business forward even if you commit one hour each day on the side while still working at your full-time job.’