If you have an amazing concept, product, or service that you want to turn into a startup, chances are that you don’t want to hang around.
In fact, getting things off the ground as quickly as possible could mean the difference between success or failure in today’s market saturated by fickle trends.
With that in mind, if you need to get your business up and running sooner rather than later check out the advice below.
Have your concepts ready to go
The single most important thing when looking to start up a business quickly is to have a very clear plan of what you are doing. You definitely don’t want to be wasting time getting bogged down in the minute details of decision making at this stage.
With this in mind, you need to have your product idea ready to go. That means that it has been through the development and refinement process, and you have a clear market, and price point in mind at which to sell it at.
You also need to have a distinct plan on how you will inform the people that you want to buy your product about its existence and advantages. Believe me, word of mouth in the traditional sense is not enough if you want to successfully make a profit in today’s market.
Instead, you need to carefully consider your marketing approach and whether it will entail social media, personalised content, AI and automation elements, as well as reviews and the traditional print media format.
Remember to compare these factors against the demographic to are aiming for in order to establish the most effective strategy you can.
Of course, ideas and plans are important, but without funding your startup will be going nowhere. Unfortunately, this is a stage that can take a lengthy amount of time to get secured. Especially if you are looking at raising funds by pitching to investors and offering them a stake in your business.
Luckily, there are some alternatives that are much quicker, and can even be more convenient too. One of these is to use a service like Merchant Money short-term business finance to secure the funds for your startup.
The advantages of this being that you can get an answer on your funding request within 24 hours, so you really don’t need to hang around and can get things off the ground as soon as possible.
There is also the option of looking to set up a line of credit with your bank to help fund your startup. However, it is worth noting that there are often additional hoops to jump through, as banks require more evidence to make their decision.
Something that can delay the process and make it harder to be awarded the money that you need in a short space of time.
Employing people fast
Decisions on who to employ can be tricky and lengthy. Anyone that has spent time in the commercial world knows that traditionally, employing the right person for the job is a long and arduous task.
In fact, it can take anywhere from 1-3 months to get the best person for your business employed and settled in.
Happily, there are some ways of bypassing this lengthy system and employing good quality people in a much shorter space of time.
One option for doing this is to ensure that you know exactly the type of person that you are looking for. From their personality type on the MBTI scale, down to their education and experience.
Then you can much more quickly identify candidates with potential and get the process moving along faster. You can even provide an employment agency with this information and let them do the hard work for you.
Additionally, there is another approach that is even quicker and so definitely worth trying. It is using freelancers for specific projects instead of employing a full-time person for the long term.
The advantage of doing it this way includes that fact that you can very quickly get someone that is amply qualified for the task you have in hand, without going through all the traditional stages of interviews and the like.
It is also possible to get a good idea of the quality of service they will provide from previous reviews of their work that you will find on sites that match freelancers to customers.
Something that means you know you are not risking your business’s funds on an unknown, and that you will get just who you need in the quickest possible time.