There are many first in business. Some of them you completely need to get right, others you can pick yourself up from and learn again. There is a reason so many businesses fail in their first year. Don’t be one of them. Do these things right and you should be in with a good chance of succeeding. You can always enhance your chances by ensuring you don’t make any kind of mistake. Your strengths will pull you through, but only so far if you fail to mitigate potential business issues that can occur if you aren’t prepared. You may have thought about these firsts already, but if not give them some thought and you may think about something you haven’t done yet or could think about in more depth.
The First Premises
Finding the first premises is important. Huge mistakes can be made if you don’t give it enough thought. You need to be thinking about so many things. First, look at its size. Is it big enough for your intended operation. Then you need to think about things like accessibility. Is there parking, can you get there with ease, is it close to transport links. Does it have good connectivity in terms of phone and internet. How much does it cost to power. These are all things you should be asking. Don’t get sucked into somewhere you think is perfect just because of the location. Try to find somewhere that has exactly what you want. Prudence always wins out here.
The First Marketing Run
You’re going to make mistakes that will feel like a waste of money, but the key here is to learn. If you don’t learn from your first marketing run then you are doomed to make more mistakes and as a result lose a load of money due to your own inability to learn. If you feel out of your depth here then it can be worth looking at help with local franchise marketing. You will have to of course pay, however it means your marketing will be better and you’ll make more money as a result from sales. Again, need to learn from it, if you don’t you are doomed to waste money in the same way again and again.
First Employment
When you need to employ someone you know you’re growing as a business and it is great. You just need to be sure you get the right people for the role. If you don’t and recruit the wrong person you could be stuck with them and need to pay them off with redundancy if they haven’t done anything wrong. You need people who are going to grow your business. People who will add to it, not people who will take your time. This can be hard to get, but it can be done. You need to make sure your interview is good enough to find out any inconsistencies regarding people you don’t want to employ. Consider using help here as it is a hugely important facet of your business success.
