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  |  Starting a business  |  Preparing  |  25 tips by entrepreneurs for entrepreneurs
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25 tips by entrepreneurs for entrepreneurs

by Cynthia Schmae
continued from page 1

  • Plan time to do something you enjoy at least a few times a week - recharge your batteries!

  • Write a business plan so you're clear about what you're doing, and update it every year.

  • Develop an excellent telephone manner and react quickly to any complaints or problems.

  • Confirm orders personally and immediately, especially those you receive on email.

  • Never lose sight of the big picture – look for innovative, little-explored directions in which to take your business.

  • When you find someone cleverer than you, employ them!

  • Solicit advice from people who know, for example, other entrepreneurs and reputable small business advisers – the DTI offers lots of information and support for new businesses.

  • Don't enter a business or a venture that you know nothing about. You'll be running to catch up for the rest of your business life.

  • Have an existing, loyal customer base and start locally.

  • Be aware that you will get through any initial investment quickly, so ensure you are covered financially until at least the end of the second year.

  • Focus on a specific goal and work at it until it’s achieved

  • Never worry about how to get things done when you are first developing your idea.Money and resources will come together once you have set your goals and begun to work at them.

  • Make quality in every aspect of your business your primary focus and aim. If it isn't, you will eventually go out of business.

  • Use the Internet. Use email. Build a website (if you aren't familiar with websites, try HTML for Dummies), send out email newsletters, buy online banner advertisements and register your site with all the major search engines.

  • Delegate. You might have to hire a good PA, lawyer, or marketing professional to ensure you'll be profitable in the future.


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