5 Critical Startup Lessons
What I learned about moving to a foreign country and founding a bikini startup.
Lesson #4: Go Big or Go Home
Three years into my business and I have really gotten to know my customer. I believe that you need to keep on innovating to offer customers new and exciting products or else you will become boring and irrelevant. So every day I push myself to stay fresh. Nine months ago, I set out on a mission to see if I could create the world’s prettiest leggings. This came about after receiving constant feedback that my customers were more motivated to work out if they have fun and colorful fitness wear. My new line of leggings would encourage more women (including myself!) to get up, get out of the house and get active.
If you are not fully invested in your business in terms of time, energy and other resources, then what are you doing? You have to put your all in, keep pushing yourself to go one step bigger and get back on the horse repeatedly if need be.
Lesson #5: Create Value
The most important point that I would like to leave all readers with is to give the best possible value you can to your customers. Value is not necessarily in terms of price, but also a unique and quality product that they will have a positive effect on them. That should come first, above all. Don’t just copy another company — do it better. Once you’ve delighted customers with your products and service, the profits will come after.
Adapt! Overcome! Improvise! These would take any company startup to a stable business in no time. Just follow these tips.
I’ve always wanted to be a fashion entrepreneur. It’s very intimidating to think of leaving my job and investing so much money into something that could fail. Thanks for giving me hope!
I needed a loan to startup a small business in my town that had a specific need, but I had not yet gotten a high enough credit score to qualify with my bank. However, thanks to this website, I did a little research and found a local entrepreneur who regularly sponsors small businesses he thinks have a shot. Now, thanks to my angel investor, I am up and running.
It takes a special person to try to make a start up business work. They are creative and they have ideas, but like the article talks about, the one thing they lack is financing. Sometimes, speaking from experience, it can be a challenge to figure out where to turn to to get the money you need to take your ideas and make them work. It’s nice to have an article like this where a lot of ideas are compiled on one page. Even if some of the ideas are common sense ones, just being reminded of them from time to time is a good thing.
Very nice, well-rounded list. Too many people think that you need hundreds of thousands of dollars to get a business off the ground. That may be true in some industries, but some types of small businesses can make do with the basic credit card. Once the income starts coming in, it’s not too hard to expand.
The thrill of running a startup is offset by the challenge of finding funding. The well-developed array of nontraditional lenders and types of funding for a startup along with practical advice make this a must read for entrepreneurs.
This is an excellent resource for those who are just starting to think about funding a startup. Of course, we’d all love to have angel investors but your information is useful in the event that we don’t.
Great tips! All I can say is the absolute most important thing you can do before you start any business is to have a business plan with at least a 1, 5 and 10 year goal.
….and find a great location. A really good location dictates how long or how quickly it takes you to attain those goals.
The art of getting people talking about your brand can be the make or break for any start up. Many remain low lieing for many year because not enough time is invested in getting this right abd yes correctly said it’s not confined to the Internet…. alone… great piece
I have always advocated for the importance of a unique ‘Idea’. Innovation happens only one time and cannot be repeated. This is the reason why people remember the one who scores first position and not the one who is second or other. Strive for greatness and just use these tips. I found the insightful and complete. Thanks for sharing wisdom ?