ONLINE BUSINESS: WHERE TO START?

Business, in general, has its own characteristics. There are several, but I’m staying with having a business means having set up a system that works alone. Either because you have employees that carry day to day and/or because you have assembled a series of automated systems for the sale and distribution of your products/services. Think, for example of an online store of digital products (music, for example).

How to set up an online business?

If you are thinking of setting up a business on the internet, I think that your online business project should meet a series of very specific criteria:

  • You should try to study business ideas with the future. By this, I mean basically two things: accompany a traditional company to make the definitive leap in the digital economy (think about the different actors in the book industry, for example) and/or support initiatives that accelerate the globalization of the economy – think of the great market places for offshore services (outsourcing).
  • Good online businesses are usually scalable businesses. Try to take advantage of all the advantages of the Internet channel and distribute knowledge by selling digital products. By doing this, you minimize the cost of selling your products (it is produced once and sold for thousands of units without extra cost), and you forget about the headaches of logistics, including managing your working capital and Its difficult treasury.
  • Good online businesses are low investment businesses. And this is very positive. With your desire to work and your idea, you can launch yourself for less than € 150 / year (with this you will buy a domain, a hosting plan, and a premium template). Delay all you can formalize your business activity.
  • More than ever, good online businesses rely on developing a system that works alone.
  • Although the objective of passive income is difficult to achieve, I think it is essential that your business contemplates all possible ways of selling without your direct involvement in business operations. And I’m not thinking of having employees.

I think that big online businesses can be set up alone, without investors or employees. Once the model is validated, in a second phase, you will wonder how to accelerate and leverage the model, with or without employees, with or without investors.

Online Business And Business Success

The rules of business success have not changed much. Nor is the three or 5-year mortality rate of new businesses. Avoiding business failure l is not a simple task.

But we are living moments of great changes, demographics and macroeconomic, microeconomic and technological changes. All at once, at tremendous speed.

Look at it as a unique opportunity for you. Get inspired by other digital entrepreneurs who have already travelled the same path.

Do not fall into the trap of safe work and loyalty to a company.

With globalization and technology, in 10 years’ time, the number of middle managers and knowledge workers will have fallen in Europe and the US. in favour of cheaper markets. It is neither good nor bad, as long as you take the reins of your (professional) life from today.

Seven Tips To Start A Business

Every entrepreneurial start can be risky, so taking into account any advice that is offered to us is little. We propose these seven tips on how to start a business:

  1. Start small: Every drastic change is always abrupt, so suddenly giving up your secure job to start a business can fill you with nightmares. A gradual transition will give you time to adapt, think, plan and work on potential problems, which will relieve a lot of tension.
  2. Seek help and professional advice: The fox knows more by age than by clever … says popular wisdom, and in this case, you are not wrong. The fear of the unknown has arrested many potential entrepreneurs and entrepreneurs. And although there is no one who can answer your questions with 100 per cent certainty, the experts and advisors who have been in your shoes can give you a lot of support.
  3. Plan your business project: Prevention is better than cure and planning is better than improvising we could add. “A good business plan can take you a long way and help you alleviate the tension characteristic of when you start a business,” says Barbara Michaels, vice president of BusinessmanUSA.com.
  4. Have confidence in yourself: If you do not trust your approach, you will not be able to work 100 × 100 to get it forward to take all the time necessary to be clear.
  5. Put your fear to work in your favor: That fear be your wind in favor and be the one that forces you to rely more and more on your ability to carry out your approach. Using fear as a motivational tool means analyzing the cause of your anxiety, list the factors and then act.
  6. Change your mindset and priorities: The main thing is not to earn money but to enjoy doing it and learn along the way. If you stumble and fall, get up and keep walking.
  7. Cultivate relationships with other entrepreneurial people: Talking with other entrepreneurs who have gone through the same thing will help you overcome many of your anxieties. Focus on success, attend seminars, events, exhibitions and join a business association. Talk to others who have started a company, but have already taken a step beyond you.”

As entrepreneurs, we cannot escape fear completely. It is always present in one way or another. We can only transform him into a partner who will be with us in our business adventure.