Tips for Launching Your First Company

If you are a first-time entrepreneur, there are a few things you can do that will drastically increase your chances of success. These tips may not be an infallible formula for a successful company, but they will give you the extra push towards achieving your goals.

If you plan to fund your business through venture capital funding or crowdfunding, set realistic funding goals that your investors or backers will find reasonable. If you plan to bootstrap your company with your own funds, make sure you have enough money in your savings account before starting your business.

Ryan Pitylak, CMO and co-founder of ZenBusiness, says, “I have seen many new entrepreneurs go into business with little to no savings. This is risky because it forces them to risk their livelihoods or go into debt to finance their companies. It results in a lot of unnecessary stress.”

Another helpful tip is to invest in a good digital marketing campaign. Many new businesses have found success by using the Internet, SEO, and strategic content creation to drive traffic to their online stores.

Lastly, be sure you have expert help and knowledge on your side. Find a trustworthy and knowledgeable mentor to help you formulate a long-term business plan that consistently yields new customers and sales.

Ryan Pitylak’s business ZenBusiness provides expert guidance and mentorship to new entrepreneurs through its all-in-one platform that also offers helpful tools such as FinTech solutions. Ryan Pitylak says, “With the wealth of information in books, podcasts, and Google searches, it can be easy for new entrepreneurs to lose their way. Having an experienced mentor guiding you through the process eliminates much of the confusion.”

Secrets of the Self-Made Millionaire

Do successful entrepreneurs have some habits in common? Yes, they do, and this is such interesting study once you get all the information. Self-made millionaires were interviewed for a popular book and they had quite a bit to say about how they got to be millionaires. This is a topic of great interest to author of Create Abundance, Zhang Xinyue.

The first thing that self-made millionaires revealed is about how they began their journey. Over half say that they started out by developing side hustles where they worked an additional ten hours each week. For some, it was real estate investing and for others it was writing songs or novels. These millionaires took things that they were passionate about and earned enough extra money each week that they could reinvest it in something else.

As they years rolled by, most of them continued doing this, developing other side hustles. They were careful to invest wisely and did not take unnecessary financial risks. In most cases, it took up to thirty years for these self-made millionaires to achieve that status. They didn’t invest in get rich quick schemes. Instead, they invested in solid areas where they were comfortable.

In their personal lives, millionaires are typically confident and certain of themselves. They know they have the skills it takes to succeed. They have overcome doubts and fears and silenced those voices of negativity.

Create Abundance by Zhang Xinyue has this to say:

“Heaven makes the arrangement for us to become acquainted not to test each other, but to allow us to do what touches each other’s heart. Love exists in what we do to touch each other’s heart.”