Is your growth matching expectations?

Starting a company on your own is a big leap, so staying on track and being able to deliver the desired results is very important.

As an entrepreneur, what do you aim for?

Only success, recognition, and income to sustain are not enough. The pandemic has taught us to be prepared the hard way. Yes, the pandemic is a tough taskmaster and it has opened our eyes and polished us. Just like the others, you must have realigned a lot of things at your end.

Professional security always goes a long way. Your company can be doing well now, but to make it sustainably a killer performer, you will need a long-term vision.

Create a mission & vision

Many of you may miss the basics of a company manual, i.e. a mission and a vision statement. This is highly important and will make or break your game. You need to understand your company’s potential and therefore frame out a statement that you look forward to achieving in the short term. Also, have a long-term holistic statement, which encapsulates your vision for the company in the long term, rather than forever.

Hire the right set of people

Don’t look at costs if you are planning to build a good team. Think about how you will earn to maintain the team. This opposite directional thought will work in your favor. If you have cost-cutting on your mind from the word go, then every standard professional may weigh down your wallet. So, budget your plans and way forward, but do not restrict your employee choices.

Plan your funding

For any company, big or small, funds is always a very important criterion. Fund to run the show, funds to pay for emergency expenses. Funds that will make you sail through lull periods. Thus, create a pathway for funds first and foremost. Initially, you may have to create a revenue bucket for the first few years of operation. This, you must consider in view of the time it may take for you to start earning good and adequate revenue.

However, funding a startup is not easy, moreover, you need to know the places from where you can acquire money. You need to know the processes of application and the policies too. There is a lot of A to Z points that you need to follow in order to get funding without any hassle. Also, as a start-up, your category matters, and every category is governed by a separate set of policies and terms.

A little slip and a wrong application will not only spoil your chance of getting funding but will hamper your reputation too. Then amending the same to reapply maybe a bleak chance. That is why you must plan on getting a mentor on board. In case budgets for a mentor seems like too much to start with, just talk to us. We are there to help you on your journey to growth as per your expectation and more, through the right funding and operational approaches.