It has been a crazy week at Reading University and Henley Business School working on building businesses. I am only now getting to grips with typing up what we have learned this week. Here are what the team learned on day 2. Got any questions then send us a tweet!
You can start a business without money – it is possible to get going with very little money and start selling before you have created your product. Sell your value before you create it. Take the money up front
People can read how you are feeling – be confident, have fun and work on your belief in your product or service. People can read your thoughts through your body language so be careful!
Think when you are fresh – the last thing you want to do when you get home after a hard say is to think. Make sure you think when you are fresh and just have a simple list of things you need to do when you finish!
Be Creative – Any idea is a good idea. The key to having a good idea is to have lots of ideas! So let them flow, good, bad or indifferent! Get the ideas flowing!
Convert your business canvass to a timescale – and more generally give everything you are doing a timescale. Work expands to fill time. If you don’t give yourself a deadline, if you don’t put a timescale on it then it might never happen!
Eat you frogs first thing in the morning – do the most difficult thing you have to do first thing in the morning because your day can only get better from there
How to make friends – get out there, talk to people, start tweeting, ask questions and be interested. If you want to be interesting be interested
Incorporate things into your daily routine – success is the build-up of small daily action, turn the things you need to do to build your business into habits using tick sheets. Build habits that grow your business
People want you to be good – In all my years of presenting I have never met an audience that says I hope this next presenter is “rubbish”. It is the same in business, people want you to succeed, they want you to be good
Trading structures – the difference between a sole trader, ltd company and partnership. We will do a blog with more detail
Set-up a Twitter account – if you aren’t on twitter you are dead!
Companies house – Use the companies house website to check to see if the company name you want is being used by anyone else
Start a business with no money – Sell your value before you create it, the first job of an entrepreneur is to get out and make a sale. Nothing happens till the sales happen
Do stuff you want to do – if you work within your passion it doesn’t feel like a job, it is fun. And given the hours you need to work to make your business fly you have better enjoy doing it!
The most important thing is; TAKE ACTION, get out there & do stuff & have fun.