How can you start your own business?

Photo by Floriane Vita on Unsplash.

Starting your own business is becoming increasingly popular. One startup after another is sprouting up out of the ground. The biggest growth of this is in the young target groups, the Hustlers! But for many young people, starting their own business is still a dream. It feels like something that is still far away. This may be because you’re not ready, or you don’t know where to start. Where do you start when starting your own business? Can you already start as a student? Can you start a business without money? In this blog we will help you with the first steps and answer all your questions about starting your own business.

Starting your own business without money

Starting your own business without money; you hear more and more these days that people want to do this. They have the question whether this is possible, ‘starting a business without money’? Actually no, because the Chamber of Commerce already asks you for 50 euros for your registration. If you want to start a business without money, you must first ask yourself why you want to start a business without money. Of course, it could be that you don’t have any money. That can be a reason why you want to start your own business without putting money down. But if you really want your own business and you have money, why not use it? It doesn’t have to be a lot, but a little bit can help you a lot.

Photo by Kelly Sikkema on Unsplash.

You can start your own business without money, but the success rate is much higher when you put in a little money. This doesn’t have to be more than a hundred dollars. Even if it is just to host your website or pay for a Shopify account. If you are confident in yourself and your business idea, you will get that small investment out of it in no time. So you can start your own business without money, but you will get much more results when you dare to invest in it.

Starting your own business from home

More and more people want to start their own business from home. In the past, starting your own business involved a lot of things. You needed many things, such as a workspace, stock, equipment, etc. Nowadays, fortunately, it is much easier. Often all you need is a laptop and an internet connection. That’s it! Of course, you still can’t start all types of businesses from your attic, but many options are available. Things you can do if you want to start your own business from home are:

  • Dropshipping
  • Starting a blog site
  • Online marketing agency
  • Developing an application

The advantage of the above is that you often only need your own skills and also a minimal investment. No office space, no stock or expensive equipment.

Starting your own business next to your job

Starting your own business next to your job often sounds like something difficult. You obviously have a lot less time than if you did not have a job. Because of this, people often think that they can’t start their own business next to a salaried job. They think that they need to have a lot of money first so they can stop working, or only work a little. All focus and all time should go to the own business. Of course it has advantages if you have time 5 days a week instead of 1 day or only evening hours and weekends. But this does not mean that you cannot start your own business next to your job. On the contrary, having a job can have advantages.

First, you have a steady income stream from which you can draw money for investments. As a result, you may be able to outsource things faster or get results faster. You often see people building their own websites, even though this takes so much time. How easy is it if you can just have it made because you have the money for it! Secondly, it can be an advantage that you work within a network from which you can get good contacts and collaborations. The right collaboration can give your business a big boost. Third, you can still learn things from your field that you can use for your own business.

So starting your own business next to your job is actually quite possible. Of course it only becomes easier if you have some extra time for it. So a good tip is to see if you can work at least one day a week less. This day you can then use perfectly to focus on your own business.

Photo by Priscilla Du Preez on Unsplash.

Starting your own business as a student

It is becoming increasingly popular to start your own business as a student. Many young people do not want to work for a boss their whole life and want to start their own business. Starting your own business during your studies is a good solution. The advantage is that when you are still a student you often have more free time to start your own business. The only disadvantage is that your financial situation is often weaker than if you were already working. An advantage is that you are under less pressure and do not have to achieve immediate success. When you live on your own and no longer study you need an income. But if you either still live with your parents or can survive on money from uncle duo, you still have some time. This can give a lot more peace of mind and also more opportunities for your own business. If you are still young and want to start your own business as a student as soon as possible, then this is definitely possible!

Step-by-step plan for starting your own business

There is a lot involved when you start your own business. There are many parts that need to be done. You can make it as big and elaborate as you want. The important thing is to focus on the steps you need to take in the beginning. Things like a business card can be nice, but are not going to help you get started.

Once the foundation of your business is in place, the next step comes in finding customers. This often starts with creating your own website or webshop. You can do this yourself with for example WordPress or Shopify but you can also outsource it. The example of doing it yourself is that you don’t have to pay any costs. However, this costs you a lot of time that you could have used for other things. If you can afford the investment, it could be very profitable to outsource it. You can do this with a design agency like Maintain Design.

Marketing your own business

Once your website is up and running, it’s time for one of the most important parts within entrepreneurship. This is your marketing. How are customers going to find your business? It is recommended to do your own marketing if you have the necessary knowledge about it. If you do not have this then it is best to outsource this. For your online findability you can use Search engine Advertising (SEA) and Search Engine Optimization (SEO).

Photo by Firmbee.com on Unsplash.

With SEA you get quick results because you put direct advertisements online. The advantage is that you can generate turnover and profit quickly. The disadvantage is that you have to keep putting money into it. With SEO you focus more on the long term and the organic positions in Google. The disadvantage is that it takes more time before you get results. On the other hand, once your SEO is in good shape you don’t necessarily have to put money into it anymore. Your organic positions do not go away immediately. SEA is often used first to generate turnover quickly and the proceeds are then used for SEO.

Besides the more “classic” ways of online marketing, social media is becoming more and more important. There are even companies that do all their marketing through social media. The advantage of social media is that it is very accessible and you can often do it yourself if you are handy with it. To make it easy on yourself it is often best to start with one channel. Often this is Instagram or Facebook depending on the target group. A big disadvantage of social media is that it is more difficult to measure and unpredictable.

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