• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer
  • Advertise
  • Submissions
  • About Us
  • Contact Us
  • Jan 18, 2021
  • Startup
    • Creating a Plan
    • Funding a Startup
    • Franchise Center
    • Getting Your Office Ready
    • Making Your Business Official
    • Marketing Your New Business
    • Personal Readiness
  • Run & Grow
    • Customer Service
    • Human Resources
    • Innovation
    • Legal
    • Operations
    • Risk Management
  • Leadership
    • Best Practices
    • Communication
    • Green Initiatives
    • Open Culture
    • Strategic Planning
    • People Skills
  • Sales & Marketing
    • Advertising and Lead Generation
    • Marketing Innovations
    • Marketing Plans
    • Online Marketing
    • Relationships
    • Sales Activities
  • Finance
    • Budgeting and Personal Finance
    • Payments and Collections
    • Tax and Accounting
    • Pricing Strategy
    • Working with Investors
    • Working with Lenders
  • Tech
    • eCommerce
    • Hardware
    • Software
    • Security
    • Tech Reviews
    • Telecom
  • Shop

SmallBizClub

Helping You Succeed

efile4biz banner
Home / Startup / Creating a Plan / Tips for Startup Success
Tips for Startup Success

Tips for Startup Success

1288 Views

Jul 9, 2013 By Will Adams

If you’re anything like most entrepreneurs, you love the idea of the startup. It’s always an exciting time to be in the startup phase of a new business. However, this can also be a very volatile time, as it really matters how you make use of your resources. Here are a few tips for startup success, as gathered from various publications by Shawn Hessinger:

Create a Great Product 

If there’s one reason why your business will succeed it’s that people want or need what you sell. A business is only as good as its product or service, and an impressively designed and/or easy-to-use product can make an average idea into a major player even in an industry that’s already established. Gather the resources to create a product that will last, rather than something you’ll have to totally redesign in a few years. 

Choose the Right Name 

A great company name does more than to spur a wave of euphoric sentiment into the subconscious corner of prospective minds. It creates a lasting image for your company and will impress everyone you have and will come into contact with. Some say first impressions are everything and, however true that may be, there’s no question that a strong company name will get you off on the right foot.

Write a Business Plan

Successful startups are no accident. They succeed because the owner(s) of the company successfully execute(s) a plan. Of course, most entrepreneurs are visually minded but, as intellectually gifted as one might be, laying out your thoughts in a detailed plan on paper will help you keep on track when the going gets tough. So strap on your thinking cap and start writing; your older, wiser self will be thankful that you did.

Set a Fair Price

Choosing a price for your product or service is a critical decision that every entrepreneur must make. Is this a new product or service that should be accompanied by a free trial period or is there already high enough demand that customers are willing to pay from the start? A close look at competitors and a table of your own financial goals and projections will help you to achieve a fair price. 

Make Yourself Look Attractive

Believe it or not, sometimes your goal in business is not to make as much money as possible. There are business ideas, particularly in the tech industry, that are highly engaging despite the fact that they generate limited revenues. Don’t let this stop you from pursuing your dreams. A well-oiled company can be very attractive to large corporations, and you might end up selling your business for more money that you could ever have hoped to earn. 

All Publicity is Good Publicity

Now that you’ve created this great product, only one problem persists: no one knows about it. There are countless ways to generate buzz and get people talking about your business, but as a general rule, you should take advantage of anytime you have the chance to promote your company over an open forum or on a public stage. Here you will benefit from one form of advertising that money can’t buy: word of mouth. 

Develop a Social Strategy

Whether you have over 10,000 followers on your personal twitter account or you haven’t been social since freshman year of high school, there’s no denying that your business can benefit immensely from establishing a presence on social media. Develop a strategy to interact with your customers and engage those you might not know much about you. There are literally a billion ways to succeed in this market: start with a few and work your way up through the social cloud. 

Go Mobile

It’s no longer good enough to have a website that’s optimized for the desktop. Whether you’re selling back massages or renting used bicycles, assume your customers are going to access your website from their mobile devices. Businesses that generate a high volume of mobile traffic should make sure their product or service can be easily purchased from a mobile site and might consider developing an application to create a truly optimized mobile experience. As you draft an advanced marketing strategy, you might find value in mobile advertising as well.  

Filed Under: Creating a Plan Tagged With: Creating a Plan, Formulating a Plan, Marketing Tips, Startup, Startup Strategy, Startup Success, Tips, Tips for Success, Will Adams

Will Adams

Will Adams

As the Marketing Director at Tarkenton Companies, Will serves the needs of small business owners and entrepreneurs through several subsidiaries. These various channels offer everything from educational, consulting, and coaching services to software. Will loves what he does. He learns about his customers’ problems and finds ways to solve them. He listens to customers, brings new products and services to market, develops and manages strategic partner relationships, establishes sales and distribution channels, and manages revenue producing initiatives. Connect with him on Google +

Related Posts

  • 6 Things Every Startup Should Know in 2021
  • 3 Important Steps For A Successful Financial Plan
  • How to Find Investors for Your Small Business Dream

Primary Sidebar

efile4biz banner

Random

Marketing Dilemma: Is Expressing Your Politics Risky?

Mar 9, 2018 By Elaine Fogel

How Much Web Hosting Bandwidth Do I Need?

Sep 11, 2014 By SmallBizClub Contributor

How Do I Create High Margins?

Aug 6, 2013 By Scott Miller

Should You Offer An Employee Wellness Program?

Jun 23, 2020 By Susan Melony

Crowdfunding and Taxes: What You Need to Know

Mar 1, 2019 By TaxConnections

efile4biz banner

Footer

About Us

Small Biz Club is the premier destination for small business owners and entrepreneurs. To succeed in business, you have to constantly learn about new things, evaluate what you’re doing, and look for ways to improve—that’s what we’re here to help you do.

  • Facebook
  • LinkedIn
  • RSS
  • Twitter

Copyright © 2021 by Tarkenton Institute, Inc. All Rights Reserved | Terms | Privacy