Business Management Small Business

Four Tips You Need to Read Before Starting a Business

Morgan Dahle
Morgan Dahle

All of us here at Foxie have started our own businesses, me included. Before you take the plunge towards being your own boss, take a moment to read these four tips distilled from my own personal experience that you should consider.

  • Develop a Strong Business Plan – It’s a roadmap, outlining your goals, strategies, financial projections, and the steps you need to take to achieve them. Will you be starting an online business, or will you be buying or leasing a brick-and-mortar version?
  • Do Your Market Research – Understand the demographics of the type of customer you are seeking and cater to their wants and needs. Check out your competition, look at what they do and don’t do well, and adjust your business plan accordingly.
  • Finances – How are you going to fund your business? Will you be searching for investors, securing a business loan, or using your savings? Are you going to be okay financially until your business starts turning a profit?
  • Legal Stuff – Research and obtain any necessary licenses, permits, and registrations required for your industry and location. Don’t forget about contracts also. Review all agreements and Terms of Service you will need for your new business, including client contracts and employee agreements.

Starting a new business is a significant undertaking, and careful planning is essential for long-term success. Seek advice from people who have already built a business, industry experts, and legal and financial professionals to ensure you are making informed decisions and covering all your bases, every step of the way.

Are you ready to drastically improve communication with your customers and employees?

Allow us to introduce FoxieEngage.

Foxie has developed FoxieEngage, which is a single platform that gives you the ability to chat, respond to social media questions, text, talk, and communicate with your staff, customers, and vendors…all on their terms and in the way they choose to communicate with you.

FoxieEngage is what your business needs and what your customers and employees have been yearning for.

Be more engaged with your customers and employees...call us at 866-BE-ENGAGED (866-233-6424), text START to FOXIE (36943) or if you prefer just shoot me an email at mdahle@foxie.com.

We are looking forward to engaging with you soon!