What tip would you give to someone in their 2nd year of business?
Alexandra Cote
6 replies
Any tips for founders who've made it past the first year on scaling, decision making, etc.
Replies
Farhan Aslam@farhan_aslam1
I'd say get a mentor or an advisor who is well experienced in your sector. This way they will be able to provide you with advice and you will have access to their network.
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Serand
Keep as much liquid cash handy as you can. Not having enough to pay bills, buy supplies or take advantage of new opportunities is a business killer.
"Don’t be optimistic.
Optimism leads to overspending. Overspending leads to not having enough capital to move forward.
Keep your head down and just move forward humbly.
Don’t get high, nor boastful. No arrogance. Don’t buy the best computers. Don’t pay for a press release service \Slow and steady. You want to be able to measure your success in years, not days."
Young businessmen want their business to be successful, right? And in order for it to be successful, you need to engage in PR and automate many processes. The last feature I introduced is ivr. is a virtual voice response that serves as a quality replacement for your employees to communicate with customers. ivr design best practices you can find here - https://dialics.com/blog/call-tr.... I strongly recommend introducing cool things that automate many processes, this will save you both time and money.
For me, the first tip is to set up your business. to be honest, I was asking the same question. Can u imagine? If you really want to do business, this site will help you a lot. - On this u can do registration without too much trouble. Everything is very simple and clear explained and even the price to register all the necessary documents is already written. In case you have any problems there is a helpdesk or comments box where you can ask any questions. Have a nice day and evening. Hope this will help you!!!!
Congrats on hitting your second year! Now’s the time to focus on growth. Double down on what’s working and get help with the tasks you don’t need to handle yourself. For things like accounting and legal work, they singapore accounting, they make it easy to focus on the big picture. Set up simple processes, listen to your customers, and keep building a solid team. Also, keep a close eye on your cash flow since growth often needs extra resources. Plan ahead but stay flexible.