1) Believe in yourself
Assess your ideas and strengths. You need to find out what you do best. Also test your products and services. Your business plan must be well-prepared – it has to help you to persuade others.
Price your services fairly, because underselling will usually make it almost impossible for you to get your prices up to a reasonable level later.
Also be very clear regarding the vision of your startup. You should always know where you’re heading, but don’t be too rigid. Objectives can change, of course.
2) Consider the right involvement of the founders
Should founders be involved in their own business? Well, they should – but only in a position where they add the most value. They certainly can't do everything, so delegation is a crucial skill.
3) Be efficient
When you're building a new firm, you need to minimize time wasted. What can be done quickly, should be done quickly, so try to deploy the best time-saving IT systems available. Reliable support is also important.
Financial processes should be also effective. Issues in these areas are simply not an option for you, warns the bmmagazine.co.uk website.
4) Don’t exhaust yourself
It may be tempting to work too much. However, you want your business to be successful in the long-term, right? So take holidays when you need them and manage your energy.
With the right team, you will not have to work your fingers to the bone. Communicate your business plan clearly to anyone who is interested in a job at your company. Only hire people who believe in your vision.
-jk-