Creating a business can be daunting at first for entrepreneurs who are just starting up. But with the right plan set in place, you’ll take off in no time! As technology is evolving, more businesses are making the decision to become remote. So if you’re looking to start a business remotely, Janine Manning, the Co-founder of “Rebecca Page,” has some key aspects to make sure you keep in mind.
Set a Goal
From determining the products you want to sell to figuring out your brand image, having a goal will help you gather long term and short term plans for your business to succeed. Janine Manning says that it is wise “to create a forecast each year in expected revenue” to help stay motivated. One thing to keep in mind is to make sure your goals are reasonable for your business.
Let’s talking money. Every business ultimately needs investment funds. Approaching angel investors is one way to fund your entrepreneurial business, but with any form of investment comes certain risks. Essentially, a person invests their own money into the business in exchange for equity ownership or convertible debt. Janine talks about her investment in a sewing business, “Rebecca Page,” which has managed to triple its revenue since the beginning.
Lean Start Methodology
A business methodology is highly important for organizing your business in the long term. After choosing what you want your business to sell, create it, build it, and then collect feedback and measure the sales. Based on the data, learn about what your customers like and dislike about your product or service. Then, make quick adjustments and repeat the process until you have a product customers absolutely love. Essentially, the customers should claim the first priority for success in your business.
One of the key differences between running a remote and a “regular” business is flexibility. As a remote business, you’re not forced to create a set schedule as if you were working in a corporate office. Flexibility allows you to work at a schedule that fits your lifestyle. Having a remote business helps you to keep track of your life outside of work.
Interested in learning more? Check out our top tips for being successful when working from home.
As an entrepreneur for a remote business, you don’t need to set boundaries for yourself in terms of communicating with people. Just because you’re a remote business, doesn’t mean you can’t go out in the community and create relationships. Janine says that as a business owner, “you should never stop networking.” If you’re stuck on who to approach, look up some groups you can join that interests you.
Advertising and Recruitment
Nowadays, it’s not as difficult as it was before social media to have businesses be noticed. With social media, a remote business is able to have more open spaces for people all around the world. As more social media platforms emerge, more opportunities are available to advertise your business for it to become known.
Find Your Objectives
In order to find your objectives, ask yourself what you can do to solve people’s problems, and then create goals and plans for where you want your products to stand.
Approaching life with a good attitude will help immensely, especially in the success of your business. Make it a habit to look at your business with a positive eye even when going through obstacles. Put as much effort into your remote business like a corporate business.
Have a Champion
Someone to look up to and have as a support system will help you feel better about being an entrepreneur because it’s not easy. It’s like running a marathon and having that certain someone cheering you on from the sidelines.
As a remote business, it may be more difficult to communicate with your employees, especially when employees work in various countries with different time zones. But that shouldn’t prevent you from creating a compatible team for your business. Having a consistent meeting with your team helps keep track of the progress in your business.
Every day, digital technology is changing and entrepreneurs need to continuously adapt to the changes. As a remote business, you need to stay even more on top of the latest trends that could work in creating a successful business.
If you’re ready to take that giant leap and become an entrepreneur for a remote business, make sure to check out these tips and keep them in your mind as you go through your journey as a business owner.