Beames Capital

Ever wondered how other start ups are so successful? They make it look so easy, right?! The good news is, there’s no magic formula that only a lucky few have access to. In fact, the so-called “start up success secrets” that are often touted are generally common sense. But when you’ve got a million things on your plate, it’s easy for common sense to make itself scarce …

Get feedback! Whether it’s from your family, friends, neighbour, mentor or old colleagues, feedback is crucial. Consider as many perspectives as you can – your target market, but also others. Who are you aiming to help? Who will use your product or service? Have you forgotten to consider something entirely? The more people you seek feedback from, the less likely it is that you’ll forget something.

Stay focused on the big picture, but don’t forget the details. It’s critical that everything you do is working towards your end goal. Every action you take, every dollar you spend has to contribute, in some way, to your dream. At the same time, you can’t forget about the smaller details along the way.

Surround yourself with the right team. If you’re lucky enough to have a team on board, make sure they’re the right team. They have to believe in your goal as much as you do. They have to be prepared to sweat it out now, for the longer-term success. They have to challenge you, question you, support you and motivate you. At the same time, you need to challenge them, motivate them, and support them. It’s a team effort, and without your team, you’re going to find it difficult to succeed.

Get your marketing strategy right. Chat to professionals in the area, if it’s not your strong suit. Ask the people who know. Get a clear, simple marketing strategy, and stick to it – but don’t be afraid to adapt or change if it’s not working. You don’t need a 100 page plan – if you can get your ideas down onto one page, then that’s perfect. Be flexible, measure your results, and adjust as you need to.