Setting up in business can be difficult and there are many issues that need to be taken into account. For this reason, those thinking of engaging in company formation should consider using the services of a mentor to help them.This is according to business author Kerry Hannon, who noted that such assistance can increase people’s chances of success after company registration.
She remarked: “Find a mentor. Who do you know who might be able to guide you along your new path? Take the time to meet with your mentor and enlist his or her invaluable help behind the scenes in learning the ropes.”Meanwhile, the expert also suggested that entrepreneurs use their network of friends, family and business colleagues to get more information. Also, they should also “tap into” networking sites such as LinkedIn and Facebook.
Not only this, but in order to make company formation a success, individuals need to prime their sales pitches, Ms Hannon claimed. She commented: “Evaluate your skill set and be confident. If cold calling isn’t your top move, focus on your best sales technique and hone it to market your new venture.”
Beyond all this, business hopefuls should bear in mind the fact that they will encounter problems after going through company registration. She noted: “Starting a new business in uncharted territory takes time. It might take off like gangbusters, but in time, you will hit the inevitable setbacks.”
In order to deal with this, people need “internal fortitude”, as well as the ability to ask others for help and guidance, the author suggested. It is particularly useful to listen to someone who has had success in the relevant fields, she added.
There are a number of resources available to help budding entrepreneurs in the UK. For example, individuals can get basic guidance from Business Link.