As we reach the middle of November, the holidays have already started creeping into TV commercials, our thoughts, and our plans. During this season more than ever it is essential for an entrepreneur to maintain their focus and drive in order to propel their business forward.
In the hopes of helping our entrepreneurs push themselves towards success, this week’s Gig Economy News is all about tips for developing your business that you can keep in mind and put into practice all season long.
Be an Educated Entrepreneur
A successful entrepreneur never stops learning. Building your abilities, developing helpful skills, and increasing your knowledge are some of the best ways to invest your time. Educate yourself using this list from Fox Small Business News of 15 Free Online Learning Sites Every Entrepreneur Should Visit.
The Obvious Way isn’t Always the Best Way
At Fiverr, we talk a lot about catering to your customers’ needs. However, getting answers from customers requires a bit more subtlety than you might realize. Customer psychology is a delicate and complex thing, and in this article TechCruch explains exactly why you can’t just directly ask customers what they want.
What’s in a Name?
Your business’ name is the first thing most potential customers will notice. The importance of the impression that a name makes cannot be stressed enough. Your brand’s name projects an image and a message, it’s essential to make sure that it’s the right image and message or you’ll be selling yourself short. Inc brings in an expert to help explain the most important things to keep in mind when naming your company.
Show Me the Money!
One way or another, your project needs to be financed. Whether it comes out of your pocket or somebody else’s is a much longer conversation. The important thing is to have at least an understanding of the basics of startup funding. Using correct vocabulary to describe your financing methods and goals can get you a long way to achieving them. This helpful Geektime article explains 3 of the most common methods of funding your business. In short, they are:
- Bootstrapping: Immediately generating revenue and investing it back in the business.
- Crowdfunding: Turning to the public at large and asking for donations towards your project. There are several types of crowdfunding and they often involve an incentive of some kind.
- Angel Syndicate: Successful businesspeople invest in a startup, allowing the startup to take the lead while providing support and know-how.
What will you do over the next couple of months to push your business forward?
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