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Smart Business Tips for a Startup

June 7, 2018 by OSYB Staff

Dawn Fotopulos of Hidden Profit Prophet shares 5 great tips for small business startups:

  1.  Start small as it lowers your risk, your assumptions of what might be profitable could be off.
  2. Always test the market, find opportunities to have potential customers or clients sample or test your product or services.
  3.  Don’t spend too much on the frills like a website or stationary, hold onto your cash for the absolute necessities.
  4. Wait patiently for earnings before you even consider taking out any loans, know the market desires your product or services before you make any major financial business decisions.
  5. Make you sure that your customer base is loyal and will be repeat customers, having a large one-time purchase customer base is not as good as having a smaller group of repeating clients.

For more details:  5 Tips for Small Business Startups

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