7 Resources For Startups In Their First Year
Deciding to start a business is always going to be a big deal. No matter who you are, what experience you have, or where you come from, you’ll need some resources for startups. It’s also scary and volatile and every, very fun too. But, the thing about starting a business is that it’s never guaranteed to succeed.
You’re not going to open a store or start a blog or create your own private practice and just have customers falling at your feet. Work, time, effort, and cash can all go into this to make it a success. And this means that you need to do your research, plan well, and know what resources you need too.
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At the same time, it’s also important for you to know that the first year or two is always going to be the toughest. Because here, you’re just trying to survive. You may not make any money. You may deal with a ton of stress.
But if you really believe in what you’re doing, and you’re dedicated to making it work, then it’s just not going to be something that sets you back.
As long as you’re willing to fight for this, and you’re determined to make it work – it probably will. Because you’ll do what it takes to make something of it. However, to help you do that, you may find that there are key resources you need.
So let’s take a look at some of the best resources for startups that will be invaluable to you in your first year.
1. Money
To start with, it could be the case that you need money to get things up and running. So here, you’re going to want to turn to investors or think about saving the money yourself and waiting to get started.
But if you are going down the investors route, then you’re going to need to come up with a plan that you can present to them to make sure that they’re interested.
You may also consider starting a business in network marketing or affiliate marketing. These two businesses and end up being very low cost are great option start part-time.
There are three main ways to create wealth and they are money at work, people at work, and a system at work. With both network marketing and affiliate marketing you could take advantage of people at work and systems at work.
And as your business grows you can finally start putting money at work and earning income interesting Investments. Another cool aspect of these kinds of businesses is there is ample training out there to teach you how to be successful.
You don’t need a special background or degree to become successful in these kinds of businesses. The main thing you need is consistent effort, well as consistently working on yourself to become better in the leader you need to be to succeed.
If you’d like to learn more about starting an affiliate marketing business Click Here.
2. Time is money while building your startup
From here, you’re then going to want to make the use of your time. And yes, this really does mean that you’re going to need to make sacrifices. For that, you’ll want to work in every spare hour that you can to put the effort in that it needs.
Effective time management is one key foundation the building a profitable start up business. If you don’t spend your time wisely you’re sacrificing potential profits you could be making.
One thing you want to determine right away is what are your most income-producing activities. Often new business owners tend to spend their time being active, but not productive.
Depending on what kind of sort of you had your income producing activities might be slightly different, understand what brings in the most income for yourself and focus on that.
For example if you had a network marketing business majority of your time starting out should be focused on active prospecting. This is reaching out to new people and sharing your business with them.
If you were building an affiliate marketing business one of your income producing activities might be making new content on a consistent basis. Understand your time should be spent on active strategies and passive strategies everyday.
3. Get The Right Equipment And Tools
And then you’ve got the equipment to consider here too. Because sometimes you cannot really get the momentum you want on your own. You may need the best tools in order to do that.
Here, you might need to buy an ultrasound machine to do the best work, or get a bigger laptop with more memory, or the best possible software for your industry. If this is going to find your success, you’ll want to invest in it.
Some of the foundation tools you’re probably going to want as a business owner marketing online, are things like an email autoresponder, sales funnel system, and CRM as a foundation.
Why these resources for startups are so important is they all tie into building your list. Your email list is one of the most important assets you can build this business owner.
One Of The Best Resources For Startups – Email Autoresponder
Proper use of email marketing can continue to bring in new customers again and again. The first step is to develop a lead magnet or something of value you give away to your target audience.
From there you simply give that resource away for free in exchange for a name and email. These new leads go into your email autoresponder and you can follow up from there.
If you don’t yet have an email autoresponder I’d recommend getting Aweber as it’s a very cost-effective and user-friendly option, especially if you’re just getting started. Click Here to get your first 30 days of Aweber for free.
Marketing Resources For Startups – Sales Funnel System
You’ll also want to integrate your lead magnet into a sales funnel system to help automate the process. This can help you bring in quality leads on a daily basis on autopilot.
Imagine eventually not needing to hunt people down to share your business, but instead, had them come to you. That’s what’s possible with the right marketing strategy and sales funnel system.
If you don’t yet have a sales funnel system in place you might want to check out Clickfunnels here and get a free 14-day trial.
Good Resources for start ups – CRM
Finally as you are generating leads and adding them to your email autoresponder, you want an effective way to follow up with them. That’s where CRM or customer relationship manager comes into play.
This can help you be more effective with your follow-up and get better results talking less people. This is one of the best resources for startups because it can help you increase sales in less time.
Many new business owners spend too much time with the wrong people, which can keep them from being in profit. A CRM can help you avoid this. If you’d like to check out the CRM I use and recommend Click Here.
4. Consistency Is Essential While Building Your Startup Business
Then, something that is incredible important is consistency. Because if you’re only putting in a bit of effort here and there, it’s going to take you so much longer to find momentum with what you’re saying.
As Elon Musk always says, if you work double the amount of time as any one else, it will take you have the time to find success.
One of the major reasons why people fail in their startup business is they aren’t consistent. They basically just dip their toe in the water and hope it works out.
They have a mindset of I’ll give it a shot and see how it goes. This is one of the worst things you can do if you’re trying to be successful at anything.
Consistent action overtime creates results in your startup business. I’d rather have someone put a small consistent effort in every day to build their business, vs someone who puts in all out massive action for a week and then takes the month off.
Look at it like going to the gym, and getting in shape. You couldn’t do 100 push ups one day, and never work out again, but expect to lose 30 pounds. Consistency is one essential foundation to building a successful business.
5. Innovation To Overcome Challenges
Next, something that is always going to help you throughout the lifetime of your business and not just within the first year, is innovation. Because the more innovative you can be, and the more creative you are with your approach to business, the more you’re going to stand out.
And the more interested your customers will be. So make sure that you’re driving your brand forward with a wealth of creativity and forward thinking.
Another thing you’ll run into while building your startup business is challenges. I wish I could tell you it was all sunshine and rainbows well building your business, but that’s not the case.
You are going to have to innovate and be creative sometimes and think outside the box to be successful. The only way through is through, so sometimes it requires a little creativity to get past the challenge while building your business.
6. An Accountability Partner Can Be One Of The Best Free Resources For Startups
Another thing to think about here is accountability. Are you able to hold yourself responsible for getting everything done, or do you need help? Do you want to get a mentor to keep you on track or join an accountability group? Or maybe even join a mastermind?
Think about what you need to do here to make sure that you’re actually getting things done, and that you’re accountable for your actions.
There are a ton of communities out there of other business owners that are striving for goals just like you. Just because you’re in business for yourself doesn’t mean you have to be by yourself.
This can be one great advantage of network marketing, as you work together as a team to build a successful business. It could be a great option to find an accountability partner to keep yourself on track and motivated when times get tough.
Often most people will do something or someone else before they will for themselves. This makes an accountability partner one of the best resources for startups and new business owners.
This can help you stay consistent and take the right action steps you may not always feel like. Leaders don’t always feel like it, but they stick their commitments and take the necessary action steps to win.
7. Belief In Yourself Is One Of The Most Important Resources For Startups And Success In Business
And finally, perhaps the most important resource of all is your ability to believe in yourself. In your idea. In this whole enterprise working out. Self-determination can often be the one factor that leads to your success.
Because when you believe in what you’re doing, you won’t give up. You’ll walk through your setback and you will keep on working until you find the levels of success that you’re looking for. So during this first year or two, keep on going. Believe you can, and you will.
Having the right mindset and working on your personal development can help you develop an unshakable belief. If you struggle with believing in yourself I’d recommend checking out my post on the top personal development books that changed my life.
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P.S. If you aren’t generating leads for your business it’s because you don’t have a system in place to do it. CLICK HERE to set up the exact system I use to Rake In Quality Targeted Leads Daily
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