The problem most start up companies face is a strong IT solution to help manage their business activities efficiently. The processing of turning your original business ideas into a profitable venture is not fast or simple. Time management, human resources, money, infrastructures, or lack of planning are just some of the problems that many startups have to solve.
To make the journey easier, companies can opt to set up their office in a business centre where multiple businesses share a co-working space. This will not only help them cut costs but also promote collaboration and networking among different businesses. Because real estate prices are expensive especially for premium locations, small businesses find co-working a more sustainable solution to not only allow them to have a prestigious business address but also boost their creativity exchanging ideas with people from other ventures.
Finding inovative solutions to help streamline your business processes plays an important part in your ability to survive in the first 5 years. This may involve using an intuitive accounting application to take care of your payroll and cash flow for you. This may involve using an effective telecommunication solution such as VoIP for communication among clients, colleagues, and partners. In this fast-changing world, finding an out-of-the-box IT solution gives your business an edge over competitors.
Creating your product or service is the first step, selling it is the next one. No one will buy from you if they have never heard of you. That’s how important marketing is in business. Successful businesses know their target customers and set up effective marketing campaigns to sell to them. Besides common marketing methods such as online advertising, print advertising, and cold-calling, event & exhibition promotion can be used to build brand awareness. How potential customers perceive you in an exhibition will define how they feel about your product, so make sure you create a positive public image.