The importance of perseverance for new businesses

Starting a business is full of highs and some lows. Getting your first client or making your first sale is the best feeling ever. But success isn’t instant and sometimes the path to progress is rocky. The key thing is not to give up. One of the most valuable components in a small business owner’s toolkit is perseverance. Some days you might feel like throwing in the towel but keep at it and you will see the benefit for your business.

 

Perseverance – tips and tricks for new businesses from the Better Business @Hand team

Because we place so much value on perseverance, we thought we’d devote an entire blog to highlighting its importance, along with some tips and tricks on how you can keep going and develop as a new business owner.

  

Never give up, great things take time

Rome wasn’t built in a day. Building a small business is exciting but it takes time to launch, grow and get established.

There’s nothing quite like starting your own business. Some people are born entrepreneurs but for others the path to start-up takes longer.

We start businesses for lots of different reasons:

 

  • Perhaps you are fulfilling a long-held ambition to be your own boss.
  • You have a lightbulb moment and spot a gap in the market for a product or service.
  • You have always dreamed of running a particular business.

 

Whatever your start-up story, the key thing is to persevere when the going gets tough. All those hours writing your business plan and long days spent working will pay off.

The big type of success we all dream about when we start our businesses takes time to achieve. Having goals in place with clear tactics will help you get there.

Don’t wait for the big wins. Acknowledge any success you have along the way. Celebrate the first contract you get and the first few sales you make. Build in mini-objectives that you need to achieve to reach your long term goals.

The main thing is that you stay on track and have a clear vision of where you want to be. A strong business plan will help you get there. If you need any help arrange an appointment with our Business Planning specialist Maria Pombo who can advise on your start-up business plan and suggest ways you can make improvements.

  

The path to success doesn’t always run smoothly

The path to success is a bit rocky in places, there will be bumps in the road. Achieving your goals is a work in progress and there’s nothing wrong with that. We learn so much on our business journey, but it’s vital that you keep going.

You will experience challenges and frustration. There might be a few problems along the way but just remember other business owners have experienced the same things. You are not alone. There will be tried and tested solutions that can work for your new business.

We’d love to help you succeed. And as for those annoying bumps in the road that interrupt your business journey – don’t worry – solving business problems is what we do.

With Better Business at Hand, you get access to a readymade network of experts who understand the challenges you face. We can advise on everything from new business tax advice to digital marketing for start-ups and operational issues.

 

You don’t need to know everything

At Better Business at Hand, we’re huge fans of learning. Brushing up on your digital skills will pay dividends for your marketing and learning a new accounts software programme could make you more efficient. Small business owners never stop learning.

But you don’t need to know everything!  As small business owners, we have to wear so many hats, from doing our marketing and staying on top of legal matters to managing our accounts.

You know your business but can’t be an expert on everything it takes to make your business succeed. That’s where we come in. At Better Business at Hand our experts can give you the advice you need at every stage in your business, from start-up to growth and beyond.

Ask us about finance, marketing, legal issues, debt and insolvency matters, business planning, international growth, operational improvements and more. We’re also on hand to help with general business advice for start-ups.

 

Things you can do to help your business grow

As a small business start-up owner, it’s easy to feel overwhelmed but you don’t have to do everything at once. Have a plan and tackle things gradually.

But there are some things you can do from the get-go to help your new business grow. Stay on top of your finances and understand your cash flow to achieve business success.

If you’re starting out, hiring an accountant might not be top of your list budget wise but it pays to have an expert you can call on for those difficult financial queries.

Better Business at Hand Consultant and Chartered Accountant Tim Vogel can help with accounting problems. Book an appointment with Tim for tax advice for start-ups or help with how to manage your accounts.

 

And finally… We’ve been there and can help new businesses just like yours

At Better Business at Hand, we understand small businesses because we are one and our consultants have experience running their own small businesses. We understand the challenges you face and can advise you on the best approach for your new business.

Better Business at Hand Founder and Consultant Maria Pombo shares “3 things I would tell my start-up self”

  1. Focus on finding your first customer(s) to try your products/services. Really learn from feedback. Take on board the positive as well as any negative comments. You can improve your offering so that it meets your ideal customer’s needs and wants. Feedback is gold dust for new businesses.
  2. Plan your start-up capital. Make sure you know how you’re going to use it and how long it will take to get some return. Build in milestones to judge how accurate your projections are and adjust if necessary.
  3. Identify what you really need, the one thing you really, really need to get you where you want to be. Maximise any learning opportunities to get you there, be like a sponge and soak up as much knowledge as you can. Ask experts the right questions so you can focus on things that matter to your start-up business.

 

And of course, crucial advice for new businesses – PERSEVERE!

It’s also great advice for all small business owners.

 

 Professional advice for start-ups and small businesses

At Better Business at Hand, our mantra is, if things go wrong, don’t panic, there’s always a way forward. We help small business owners solve problems and provide advice for start-ups.

Help is just a click away. You can book appointments of 15,30,45 or 60 minutes to suit your needs and budget. Just pick the consultant you want to speak to and arrange a time using our easy booking system.

Appointments are by mobile or video call, so no travel involved. We know how much time it takes to start a new business, so we want to make things as easy as possible for you to get the advice you need when you need it.

Meet the team find out how we can support for your business.

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