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Starting a Business in The Modern Age

  • Thomas Oppong
  • Mar 12, 2019
  • 3 minute read

Back in the day, starting a business meant filling out a bunch of paperwork, finding a business location where you could set up shop and spending a lot of money. Thanks to the internet and some of the other technology we have available today, starting a business is easier than ever.

However, it’s still a good idea to know what you’re getting yourself into so you get the best results. Running a successful business means getting off to the right start. If you’re interested in starting a business, check out some of these tips for a helping hand.

Physical or virtual

You have a lot of decisions to make when it comes to starting a business, but the first thing you need to decide is whether your business will have a physical location or whether it will exist purely as a virtual entity.

Both business types have their advantages, so there’s no real cut-and-dried answer as far as which option is better. Having a physical location for your business obviously costs a lot more than running a business online, but it also allows you to advertise to everybody who drives by, giving you more local leads.

Both business types have their advantages, so there’s no real cut-and-dried answer as far as which option is better. Having a physical location for your business obviously costs a lot more than running a business online, but it also allows you to advertise to everybody who drives by, giving you more local leads.

Virtual businesses are easy to start, save you money and provide you with the freedom to do just about anything. Whether you’re looking to provide a service or sell a product, you can easily do that online.

Plus, you don’t have to spend a ton of money to get a website and you can constantly scale it with your business growth to make sure you have the solutions you need. Perhaps the biggest downside to running a business online is that it can be difficult if you aren’t a tech-savvy person.

Finding a location

If you do want to have a physical location for your business, your next step is to find that location. Perhaps you’ve seen a commercial office building in the perfect location that’s been available for rent for months. If not, you can always use a commercial real estate website to see a list of commercial properties for rent and for sale. It’s important that you pick a good location so your business isn’t out of the way of all your customers.

Alternatively, you can always find a piece of property without a building and place your own building there. SteelMaster Buildings Quonset huts are a great solution for this because they can be tailored to fit any business and are resilient enough to stand up to any weather. This durability combined with a reasonable price means these buildings will save you money that you can use to grow your business.

Using social media

Any modern business owner who truly wants to succeed needs to recognize the value of social media. While social media marketing certainly applies more to some industries than it does to others, there’s a way to use social media no matter what type of business you own.

If you run a small mechanic shop, you can post blogs and other valuable information to your social media accounts. You can also use social media to let your customers know when you’re running a special.

However, perhaps the best way to use social media is to simply interact with your following and create a face for your company. Customers will be much more likely to choose you if you demonstrate your values through social media.

Starting a business isn’t easy. Unfortunately, you have to put a lot of time, money and effort in if you want good results. The good news is, following these tips and working your tail off will reward you with a successful startup that you can be proud of.

Thomas Oppong

Founder at Alltopstartups and author of Working in The Gig Economy. His work has been featured at Forbes, Business Insider, Entrepreneur, and Inc. Magazine.

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