What Service or Advice would you give your younger self before starting your business?

Discussion in 'General Business Forum' started by SmilePrint, Sep 13, 2019.

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What Service would you tell your younger self to invest in earlier?

  1. Sales Training

    1 vote(s)
    33.3%
  2. Learn Online Advertising

    2 vote(s)
    66.7%
  3. Go Networking

    1 vote(s)
    33.3%
  4. Employ good staff

    1 vote(s)
    33.3%
  5. Being Organised Better

    0 vote(s)
    0.0%
Multiple votes are allowed.
  1. SmilePrint

    SmilePrint UKBF Regular Free Member

    264 48
    Hi,

    Whatever product or service we all sell, we inherently believe EVERY SMALL BUSINESS or STARTUP should have it or need it.

    However, small businesses and startups are ALWAYS on a limited budget.

    Of course, every start up WANTS (abundant sales/ stable cashflow/ good staff/ GDPR compliance :p )

    People buy what they WANT and can AFFORD, not necessarily what they NEED.

    So, with that, what advice would you give your younger self?

    What Service was the most critical to your busienss growth?

    What Service does the GREATEST number of startups and small businesses need?
     
    Posted: Sep 13, 2019 By: SmilePrint Member since: Jan 20, 2009
    #1
  2. NickGrogan

    NickGrogan UKBF Ace Free Member

    2,016 447
    If you believe that, you're probably going to struggle.

    People buy what they want, they rarely buy what they can afford.

    Learn to write better.

    A healthy dose of realism - not sure if that's available as a service, it should be.
     
    Posted: Sep 13, 2019 By: NickGrogan Member since: Nov 15, 2012
    #2
  3. Mr D

    Mr D UKBF Legend Free Member

    16,195 1,804
    Start off with XXXXXXXX.

    Sorry, does not fit your categories. Would have made more money if had started off with the above over 2 decades ago.
     
    Posted: Sep 13, 2019 By: Mr D Member since: Feb 12, 2017
    #3
  4. Mark T Jones

    Mark T Jones UKBF Big Shot Full Member

    3,378 1,009
    Find a niche, and your niche within that niche. NO FOMO.

    'Everyone' is an impossible market to sell to.
     
    Posted: Sep 13, 2019 By: Mark T Jones Member since: Nov 4, 2015
    #4
  5. Mr D

    Mr D UKBF Legend Free Member

    16,195 1,804
    Everyone is impossible unless selling something everyone must buy.
    As such an item does not exist yet... perhaps time someone invented it. :)
     
    Posted: Sep 13, 2019 By: Mr D Member since: Feb 12, 2017
    #5
  6. SmilePrint

    SmilePrint UKBF Regular Free Member

    264 48
    Odd conclusion Nick!

    You suggest if a supplier businesss thinks a small business or startup needs THEIR services, that supplier business is probably going to struggle?

    Small or Start ups need :- Slect or delete or add as necessary

    Accounting -
    Signage -
    Stationery -
    Desks -
    Computers/ Technology
    Internet/ Phone
    Mobile phone contracts-
    Energy/Cost Reduction Anaylsis
    Vehicle Leasing
    Recruitment
    Office Space
    Office Equipment

    There is no general malaise in those industries beyond the norm wouldn't you say?

    Either way, the question was, outside of the physical requirements, what service or decision or advice drove you forward the most?

    What was it for you?
     
    Posted: Sep 13, 2019 By: SmilePrint Member since: Jan 20, 2009
    #6
  7. Mark T Jones

    Mark T Jones UKBF Big Shot Full Member

    3,378 1,009
    The example I always cite is Proctor & Gamble - who spend £7.2 billion a year on advertising - and still haven't fully captured the 'everyone' market
     
    Posted: Sep 13, 2019 By: Mark T Jones Member since: Nov 4, 2015
    #7
  8. DStyle

    DStyle UKBF Newcomer Free Member

    29 2
    Best advice I can give is to take any advice you get on a business forum with a pinch of salt. Some great advice out there but then there's some who like to give out advice when their own business accounts show zero cash in the bank and more liabilities than assets.

    And some accounts showing that a person on the brew earns more than them.

    due-diligence is key.
     
    Posted: Sep 13, 2019 By: DStyle Member since: Aug 16, 2018
    #8
  9. NickGrogan

    NickGrogan UKBF Ace Free Member

    2,016 447
    Not really. You wrote...

    If you believe that every business needs your product, you will struggle to sell to many people who dont need it.

    No, because that is not what you said the first time.

    I'd say many of those sectors are struggling right now, wouldn't you?

     
    Posted: Sep 13, 2019 By: NickGrogan Member since: Nov 15, 2012
    #9
  10. Mark T Jones

    Mark T Jones UKBF Big Shot Full Member

    3,378 1,009
     
    Posted: Sep 13, 2019 By: Mark T Jones Member since: Nov 4, 2015
    #10
  11. Mr D

    Mr D UKBF Legend Free Member

    16,195 1,804

    Signage? Not needed
    Desks? I don't use one
    Mobile phone? The business does not need one.
    Energy / cost reduction analysis? Wouldn't know what that is so probably irrelevant.
    Vehicle leasing? Nope, still using own car
    Recruitment? Hopefully not, prefer to use cheaper alternatives.
    Office space? Not needed
    Office equipment? Not needed.

    Lots there that I won't need until much bigger as a business and branching out into stuff requiring people.
     
    Posted: Sep 13, 2019 By: Mr D Member since: Feb 12, 2017
    #11
  12. SmilePrint

    SmilePrint UKBF Regular Free Member

    264 48
    Is it Mindset?

    What was the breakthrough that you would credit with propelling you Higher, Farther, Faster?

    :)
     
    Posted: Sep 13, 2019 By: SmilePrint Member since: Jan 20, 2009
    #12
  13. apricot

    apricot UKBF Regular Free Member

    332 28
    Advice to younger me:

    - Stay away ********ers, even if they have millions of followers
    - Making money doesn't mean making a profit.
    - You can be a millionaire in one day; you can be homeless in seconds in the internet world. Be aware of who you are and what you have.
    - Know well what you like, and you don't so you can enjoy the process
    - Not every failure is a bad thing
    - Having an app doesn't mean that you have a business
    - Don't go online to take attention. Be online to give and share.
    - Learn everything, anything. You may not need now, but one day they will rain on to you as a blessing
     
    Posted: Sep 13, 2019 By: apricot Member since: Apr 7, 2012
    #13
  14. SmilePrint

    SmilePrint UKBF Regular Free Member

    264 48
    Thank You!

    Thats more like what I was expecting to see!
     
    Posted: Sep 13, 2019 By: SmilePrint Member since: Jan 20, 2009
    #14
  15. Benjamin B

    Benjamin B UKBF Newcomer Free Member

    16 1
    It's a great question to ask and similar to one that I ask the business guests on my podcast - the only difference being I ask them to go back to when they were 21.

    The majority of answers I get are along the lines of, follow your heart and believe in yourself.

    I think it takes a lot of us a few decades to have the confidence to start in business and then wish we'd done it earlier!

    For me personally, I have a habit of starting a "side-hustle" - getting it to the point of everything "looking" great - website, autoresponders, business cards, lead magnets etc. - and then not pulling the trigger, only to take an interest in something else a few weeks/months later.

    So my advice to myself would be to pick something that you're passionate about and just stick to it, work harder than everyone else, be fearless and don't give up!
     
    Posted: Sep 13, 2019 By: Benjamin B Member since: Sep 12, 2019
    #15
  16. JEREMY HAWKE

    JEREMY HAWKE UKBF Legend Full Member

    4,008 1,268
    Don't give too much credit !

    Back then there was no internet but we had our fair share of BSers avoid them !
     
    Posted: Sep 13, 2019 By: JEREMY HAWKE Member since: Mar 4, 2008
    #16
  17. fisicx

    fisicx It's Major Clanger! Staff Member

    30,776 9,028
    @SmilePrint

    Accounting - no
    Signage - no
    Stationery -no
    Desks - got a kitchen table
    Computers/ Technology - just used an old lappy
    Internet/ Phone - used the one in the house
    Mobile phone contracts- no
    Energy/Cost Reduction Anaylsis - no
    Vehicle Leasing - NO!
    Recruitment - no
    Office Space - no
    Office Equipment - no

    My mate washes windows. He has a ladder out the garage, a bucket and his car. All needed was some flyers.

    My advice to anyone is: just go and do it. The longer you prevaricate the less likely it is you will ever get started. If you have a tenner you have enough to start a business.
     
    Posted: Sep 13, 2019 By: fisicx Member since: Sep 12, 2006
    #17
  18. fisicx

    fisicx It's Major Clanger! Staff Member

    30,776 9,028
    Why is this even a thing? I earn enough to pay the bulls and have some fun. Don't need to go higher, further or faster. I'd much rather go slower and do less.
     
    Posted: Sep 13, 2019 By: fisicx Member since: Sep 12, 2006
    #18
  19. JEREMY HAWKE

    JEREMY HAWKE UKBF Legend Full Member

    4,008 1,268
    Very good point We have been busy at the moment I am rushed of my feet and I don't really want it . I just want to sit in the garden drinking cider and eating pasty's

    Not everybody wants to kill it to the limit .
     
    Posted: Sep 14, 2019 By: JEREMY HAWKE Member since: Mar 4, 2008
    #19
  20. Chris Ashdown

    Chris Ashdown UKBF Legend Free Member

    10,544 2,132
    Learn a lot more about marketing and its costs
     
    Posted: Sep 14, 2019 By: Chris Ashdown Member since: Dec 7, 2003
    #20