In the UK, the ratio of the number of new entrepreneurs is 2% of the total population. Whereas the ideal ratio should reach 4% of the total population of Indonesia in order to encourage national economic growth. Even though every year there are additional entrepreneurs who open businesses, many of them cannot survive and have to close their businesses. The number of entrepreneurs who are still small can be because our people are afraid to compete. Plus the difficulty in responding to the times that are rapidly changing.
However, the lack of entrepreneurs in the UK can be overcome by the increasing number of people who dare to try to open business opportunities. Actually, to start a business, you don’t have to have a lot of capital or a lot of experience. Instead, we have to start gradually, but with a definite strategy. Here are some strategies you can use
Choose a business idea that works for you
Many of us feel like we really know what we are good at, but it is not uncommon for us to misinterpret it. Many entrepreneurs fail and just try to survive, without realizing that they are not actually building a business based on the advantages they have. That’s why it’s important to realize what your strengths are and look for business ideas that relate to those advantages. Everyone is born with strengths and weaknesses, take your time to be more self-conscious. Find the strengths you have and go from there to start a business.
For example, if you love to talk and build conversations with other people, you could start by creating podcast content or becoming a consultant, and grow your business from there. Then, if you are a very organized person, you can build a wedding / event organizer business. It’s different if you have a talent for cooking, you can build a culinary business.
Take advantage of existing trends
Another reason many new businesses fail is because their owners ignore trends. You must be smart to catch the latest trends to be used as business opportunities. This doesn’t mean that you just go along and keep changing businesses, but take advantage of these trends as stepping stones. After getting the attention of consumers, you can readjust it with the values that your business has.
See problems as opportunities to help people come up with solutions. For example, when many businesses are now turning to online, you can take advantage of this opportunity to build a digital marketing or web development business. You can also build a business that can make it easier for consumers to realize a healthy lifestyle that is currently increasingly in demand. Offering a brilliant solution or borrowing funds from Payday Loans can also make your business grow.
Business release as soon as possible
Often we think that to be able to build a business everything has to be perfect first. Business science must really be mastered first, the product must be perfect first, or many other reasons that delay your time to immediately build the business. But it turns out that the most important thing is action. Don’t consider too much, do something right away to make it happen. Sometimes, it’s just good enough that it’s perfect to start with.
You can first make a prototype version to test the market. Because the most important thing is to get direct answers from your target consumers, is the product you offer acceptable or not? Instead, you’ve created the perfect product design, but no one wants to buy it. Speeding up the pace of building a business and delaying perfection at the start can minimize the chances of you losing interest and foiling all plans.