5 Important Tips for Launching a Successful Start-Up

Kambria on 2012-06-05

It’s no secret that starting your own business can be a daunting, overwhelming challenge. There are approximately 600,000 new businesses started in the United States each year, but historical data shows that only 69% of them survive two years, and a mere 31% survive at least seven years. So let’s be honest – the odds aren’t in your favor.

Here at iboost, we want to help you succeed…which is why we’re offering up some best practice tips to launching your own start-up.

1. Choose a business you’re passionate about. You will be living and breathing the industry as you get your business off the ground, so you don’t want to choose a niche you’ll get sick of. And, the more passionate you are, the more driven you will be to succeed!

2. Create a clear vision. Develop ideas, set goals within a timeframe, lay out a reasonable budget, and be able to explain your plan in a concise and intelligent manner. This will keep you on track while enlightening clients, employees and investors.

3. Build a strong team. Find great, knowledgeable people who are eager to adopt your vision. Your initial team can make or break a start-up company, so find yourself some superstars.

4. Choose your board of investors wisely. Supportive investors are an important source of capital to early stage companies. Investors are part of your team, and having the ability to describe your vision to them is important to your success.

5. Be open to feedback and change. Your vision may not pan out the way you had planned, but accepting constructive feedback and being open-minded to steering your company down a new route could benefit you in the long run.

Read some interesting statistics about the 27 million small businesses in the U.S. and let iboost help you get started! From logo design to marketing strategies to collateral printing, iboost is your one-stop shop for getting your business off the ground.

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