Want a Recipe for Success? Make 2019 the year you succeed

Want a Recipe for Success? Make 2019 the year you succeed

Increasingly, everyone is hoping to come up with the next big thing, and succeed with their business venture. It seems e-commerce and social media have had a big part to play in sparking entrepreneurial spirit! Why wouldn’t you want to be your own boss, grow something from concept to established, while lining your own pockets?

That all sounds well and good doesn’t it, but with 75% of start-ups failing, what steps can you take to give yourself the best start? Remember overnight success is not always overall success, so don’t be deterred by a slow burn!

Don’t fear failure

Out of failures come lessons, so if you learn from an error along the way- ultimately it contributes to your success. Don’t let it hold you back.

“It seems that failure tends to be more public than success. Or at least that’s what we perceive it to be. We fret it, we try to avoid it, and we question ourselves every time we have unconventional ideas. But the simple truth is – no great success was ever achieved without failure.” – Ekaterina Walter

Find a speciality

Research your product and service and find a niche that you can cater for. Meeting a genuine need will separate you from your competitors and give you an edge over them- sometimes it can be as simple as not conforming to how your competitors do things – Avanti break the mould with their colourful approach to accountancy, their clients leave meetings feeling invigorated to achieve their goals instead of overwhelmed by numbers and technical speak. Sometimes the best needs are found out of something we try to do and struggle with ourselves “there has to be another way”!

 

Finances

Your fledgling phase will see heavy spending – so spend it wisely. Ask yourself if your purchases are necessary or if you could lease equipment? Your accountant could advise on what is an allowable expense and assist  you with choosing between buying or leasing as viable options based on your financial position.

Be willing to change

It’s understandable that your vision is what you want to grow and take forward, but you need to be willing to react to change and adjust your vision to meet the changing needs of your market. Failure to adapt may see you become one of the 75%!

Educate

Invest in your business by investing in yourself.

If you take a training course that provides a new skill which in turn allows you to offer a new service, this is an asset to the business. In this world of changing technology, software and the need have up to date skills, we often have to complete ongoing training. This is an allowable expense.

If you’re dreaming of success in 2019, have  a clear vision but have no idea of how to get off the ground, a free no obligation advice meeting with an accountant might be just what you need to make your idea a reality. Give Avanti  a call (08000) 388 799  today for proactive advice. Why call? Did you know that Avanti accountants will ensure your advice is tailored to your circumstances, you won’t be fobbed off with general advice, they take the time to research your queries and  individual situation to offer you the right advice!

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