365 To Thrive! Setting The Priorities For Your Business In The First 12-Months - Digital Hints

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365 To Thrive! Setting The Priorities For Your Business In The First 12-Months

Monday, December 23, 2019

/ by Nurdin Budi Mustofa
365 To Thrive! Setting The Priorities For Your Business In The First 12-Months

The first 12-months of your business means facing numerous challenges head-on. A lot of what happens during the first 12-months gives you the ability to see where you're going wrong, but also understand what your priorities should be in the years following. It's so difficult for us to understand what our individual priorities are when we've never done it before, or the business is still trying to find its feet. But when you are looking to develop yourself as a leader, improve your business, or make significant inroads, what can you do to make the first 12-months as productive as possible?

Focusing On Quality Clients

You will always be judged by the company you keep. It's easier for us to find as many jobs as possible regardless of the quality so we can keep the money coming in. But it's important to know that when you are trying to build a business, you're also trying to build a reputation at the same time. Partly this is to do with the right jobs, but if you can find the right clients that will provide positive word-of-mouth, this means that your business will travel further than you realize. The process of acquiring tenders can be that seal of approval, and there are many tenders online to peruse based on your specific industry. Once you find the quality clients, it's a case of making sure that you do the best job possible.

Getting The Right People

You have bagged that client, so now what? In order to get the job done properly, you've got to get the right people. It's not necessarily about the hiring process but it could be more about choosing the right components to outsource. Even if your business is really small, you can still find the right people, so even if there are three of you you running the show, you will know that you're doing everything to the best of your ability. Getting the right people is one of the most frustrating aspects of getting a business up and running. But the right people make the business, and this means that you need to get to know them first. It's not necessarily about qualifications or even skills, but sometimes it's a case of finding a person that has the right attitude.

Understanding How Much You Have To Do

The business requires a lot of focus, but so do you. Starting a business goes back to the very simple question, why did you start this in the first place? This will inform your business plan, your code of ethics, as well as your overall approach to running a business. If you're in it for the money, you will be waiting a good while! But what you can do during the first 12-months is truly get to grips with what you want to achieve, and put the stops in place. The first 12-months is partly to do with figuring out where you go wrong, but it's also about understanding if you are making significant progress. Sometimes the problem is relating to the brand, or a lack of promotion, but if you don't do anything about it in the hope that it will iron itself out, the business won't last beyond the first 12-months.

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