Starting a business is exciting, but it comes with challenges. Here are some key pieces of advice to set your Start Up up for success.
Starting a business is exciting, but it comes with challenges. Here are some key pieces of advice to set your Start Up up for success and at Astonia we have over 20 years of experience to guide you through these areas.
Before investing time and money, ensure there’s a market for your product or service. Conduct market research, gather feedback, and test a minimum viable product (MVP).
Register your business with the relevant regulatory authorities, get the necessary licenses, and ensure you comply with industry regulations.
Regularly review financials, track key performance indicators (KPIs), and be ready to pivot when necessary
Whether you set up as a sole trader, partnership, or limited company, the right structure impacts taxes, liability, and operations. Consult a professional for guidance.
A business plan helps outline your vision, target market, revenue model, and growth strategy. It also helps attract investors and secure funding.
A business plan helps outline your vision, target market, revenue model, and growth strategy. It also helps attract investors and secure funding.
Build a strong online presence (website, social media, SEO). Develop a clear brand and unique selling proposition (USP). Network and build relationships with potential customers. Maximise the opportunity to turn each lead into a sale.
Use software for accounting, customer relationship management (CRM), and productivity to streamline operations and reduce costs.
Open a separate business bank account.
Keep track of expenses and revenue.
Understand your accounting and tax .obligations
Consider funding options (personal funds, loans, investors).
At Astonia, we are committed to empowering entrepreneurs by providing guidance that not only drives business success but also fosters positive impact. Our coaching focuses on building strong, ethical leadership, promoting sustainable growth
We’d love to hear from you! Whether you have questions about our mentoring and business coaching services or want to book a session, we’re here to help. Reach out to us via phone, email, or our contact form, and let’s start your journey toward success.
