entrepreneurship

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.”