When you are employed and looking into transitioning into entrepreneurship, you have to be sure that you have what it takes to become an entrepreneur. If you’re not quite sure whether or not the path of entrepreneurism is for you, check out my post here to get a better idea of what to expect when starting your own business, and what it takes to be successful.
Regardless of experience or background, many employees need to develop the courage it takes to make a move and to take that first step. Overcoming some limited belief systems and experiencing personal growth are just as important to successful entrepreneurship as having a great business idea and a high-performance team in place. One more thing that is paramount to startup success is sound business advice and basic resource packages that will help you get up and running with your new endeavor.
Here, we’ll talk about a few important things you should look into as you get ready for the launch of your new business idea or service.
Naming your company
How will you choose the name of your business? You can go for something abstract, or you can choose something straightforward that describes what it is you do.
Here are a few tips when it comes to choosing a name:
- Choose a name that appeals to you as well as the kind of customers you want to target
- Keep it simple! Don’t pick a name that’s long or confusing
- Steer clear of puns and other ‘inside jokes’ that only YOU understand
- For legal safety, refrain from using “Inc.” after your name unless your company actually is incorporated
Shopify has a great name generator, as do the folks at Business Name Generator and Rhymer for coming up with interesting, easy-to-remember, and relevant names for your business.
Choosing a web hosting provider
Do you require managed hosting, or can you take care of the technical setup and maintenance of your servers yourself? Are you sensitive to speed and server location? What about cost, add-ons, plug-ins, and other features? Depending on the kind of site you want to have (as well as your budget and level of tech-savviness), some options may suit you better than others. Read my review on Bluehost to learn more about the hosting service I choose to use and why having a good hosting company is important. You can also learn what to look for in a hosting company and how to get started with registering your own domain.
Getting communications right
There are lots of ways to manage communications between you and your customers. You’ll definitely be using email, interacting on social media, as well as blogs and articles to promote your product or service. Blogs are especially important because they can be used to help establish yourself as a thought leader and as the “go-to” guru in your field of work. When it comes to phone service, it’s important to consider a service that works best for you and your business. I’ve had many clients looking for a phone service that offered something for the entrepreneur on the go. I’ve recommended to many a service called Grasshopper which is a cost effective phone system that offers local and toll free numbers, phone extensions, call announce, email and text service and also elevator music is played for callers waiting to be connected to you. Go to Grasshopper to learn more about this company and the great features they offer their clients.
The above are just a few bases to get covered when getting your new startup going. Once you’ve got these covered, it’s time to start brainstorming your next set of business strategies. I’ll continue to cover useful startup tools for you, so stay tuned – there’s lots more to come!
Disclosure: Content on this site represent individual opinions and any information used is used entirely at your own risk. Some links on this website are affiliate links which compensate me for referrals. All reviews given are accurate to my own experiences and I only share products that I feel will benefit my readers.