Most entrepreneurs leave their secure jobs to dive into the exciting and challenging world of business. In fact, most entrepreneurs experience a culture shock when they leave their jobs to become a business owner. Moreover, contrary to a salaried employee, business owners are in charge of the entire day-to-day functions.

Accountants Perth

Starting your first business can be a thrill and a challenge. Starting a business is a thrill in the sense that it might be a transition from being an employee, where you have a lot of bosses telling you what to do; to being your own boss, where promises a freedom of doing it all by yourself without anybody’s influence.

There are several things that can cause hurdles for entrepreneurs:

  • Lack of funds

Most small businesses that are getting started are extensively dependent on personal savings as they do not generally get funds from external sources. Since most young entrepreneurs do not have substantial savings to invest, their business kick starts slowly.

Moreover, the lack of funds also limits business plans. Those who to conquer the world of business, despite having low capital, it will be better if you focus on businesses that do not require substantial start-up capital; best examples of such businesses are Internet marketing and home-based businesses.

  • Lack of experience

Not all entrepreneurs have the experience of handling a business independently. In addition, most of them are not well equipped with the required skills to manage a business.

We all know that starting a business also requires you to be skilled at sales, accounting and planning to make the company profitable. It requires much more than finding a good or attractive product or service to sell.

  • Small network

A new business that works with a group of competent people who may have different skill sets but share the same vision is more likely to be successful. However, most entrepreneurs lack that network of highly-skilled professionals. That’s because they had only a few years to expand their network of contacts. It may take you a long time to build such strong and meaningful relationships with people in the business world.

Furthermore, new entrepreneurs may find tough time convincing some professionals to work with him or her, since people normally do not trust beginners.

  • Time management

Everything and everyone is competing for your focus. So, it is tough for entrepreneurs to gauge high-priority tasks. You must master the art of prioritising and pacing in order to capitalise on business opportunities.

These are usually the challenges most entrepreneurs face during the early phases of their business. In some cases, money is not usually the biggest problem. Financial issues can be solved by a sound plan; there are several money lenders that can help you with your finances. However, you need to be careful. It is better if you consult some business experts or accountants such as professionals from Baggetta & Co who can give you wise pieces of advice regarding your business decision-makings.

All start-ups are difficult at first. But with proper decision-making, you can avoid some potentially costly pitfalls and focus on building their brand.

Read more

In the present day world, attracting the target market is very difficult. One of the reasons why this difficulty happens is that there are numerous companies with high budgets. These competitors can allocate high amount of cash for their marketing department, who are designated with creating strategies of attracting customers.

Luckily, an excellent marketing effort doesn’t necessarily require a big budget; there are specific ideas to make you visible in the market. There are some inexpensive yet effective ways through which one can do this. In this article, we will be talking about one excellent way of marketing your brand even if you are in a tight budget – internet marketing.

Internet Marketing, likewise referred to as website marketing, or simply web marketing, is without a doubt expected to eclipse classified ads as the second-largest promotional channel across the world. It’s currently next to television video commercials. For this reason, both small and large marketers throughout the world have begun developing their web promotion because of the advantages they can bring.

blogging_niche

Technology provides modified techniques on how you can perform business. The Internet has evolved the way we have expected, how we search for information and how purchase sales and services. With the help of an expert SEO Perth service provider like Perth SEO Company, you can use the methods below for your web marketing purposes:

Creating and Publishing Articles to Niche Blogs

Nowadays, almost everyone is a part of blogging; most of the people post on their blogs or avidly read blogs. Hence, the best thing would be to publish your articles in famous blogs. Most blog sites are free but some of them will ask you to pay at a small amount to the owner of the blog for getting published. Of course, you always have to include a backlink pointing to your business website.

LinkedIn Group

LinkedIn is arguably the biggest professional networking site nowadays; LinkedIn groups form a very important factor in the internet world when we talk of professional area. By simply creating a group, this will give a new status to your product.

Publish E-Books

Unlike traditional book publishing, e-book publishing is not highly expensive. You can express and publicise your idea using e-book at a low-cost and many websites will publish it but they take part from the sales money. You can provide links to your site which will be very helpful for the readers in turn which will increase your business. For sure, many will click the link to get more information about your website once they have read the e-book.

YouTube Marketing

Using a home camera is enough to shoot your video and uploading it is enough to boost your sales and business. Today, YouTube is one of the most powerful platforms for marketing. Everyone from local businesses to giant production companies are all using this to create a buzz before introducing their product in the market. You can create a video where you can explain about your product of business, show them samples and share your views.

In the present day, online marketing has begun to change into a much wider combination of elements   and organisations are able to use this type of marketing approach to skyrocket revenues.

 

You may also read our article about video production.

Read more