• Send Us A Tip
  • Calling all Tech Writers
  • Advertise
Saturday, June 21, 2025
  • Login
  • Register
TechStory
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
TechStory
No Result
View All Result
Home Business

4 Smart Tips to Successfully Start and Run a Business

by Rohan Mathawan
August 27, 2020 - Updated On October 13, 2021
in Business
Reading Time: 3 mins read
0
what is discounted cash flow and how it is important for your business
TwitterWhatsappLinkedin

You might also like

Eutelsat’s Shares Skyrocket as France Leads €1.35 Billion Investment in Satellite Future

Decade-Old Torrent Site Lands Greek Man in Prison Amid Renewed Piracy Crackdown

Residential Solar Industry Faces Major Setback as Tax Credit Cuts and Economic Pressures Threaten Future

Starting any business is a massive project, but a rewarding one, especially if your business is in the field of construction estimating. Some budding entrepreneurs understand the effort necessary to launch a new business, though they may not be conversant with important steps to be successful. Whether you are considering steps like creating logos, choosing a business name, and crafting marketing strategies, the workload may pile up. Instead of doing guesswork and spinning your wheels, consider the following tips to change your enterprise from a lightbulb above your head to a more lucrative thing. 

  • Come up With a Business Plan

Business plans help to describe enterprises in detail, including their goals and how to attain them. They can also include marketing, financial, and operational aspects of the business, and you may use them as an important tool to give your startup a sense of direction. Whether you are growing your business or raising money, your business plan should have different components, such as the following:

  • Execution
  • Opportunity
  • Management summary
  • Appendix
  • Executive summary
  • Know the Legal Requirements

When starting a business, entrepreneurs need to comply with legal requirements, including tax obligations, employment laws, and financial regulations. You will also have to register a business name so that it can reflect your brand. Registering a business encompass simple ways, including trademarking and choosing a domain name, among others steps. 

If you are a Hungarian, starting a business in Hungary can be easy because the registration process is straightforward, and you may choose several types of companies to help you. Some of the documents you will need for registration include a valid passport, founding documents, a specimen of signature, and a national ID. 

  • Acquire Funding

Attracting angel investors is an effective way of securing funding. When looking for these investors, the same rules apply: avoid jargon, be succinct, and come up with an exit strategy. Although the economic turmoil in the last few months has made the game trickier, you may consider great ways of winning investors, such as adding experience, keeping in touch, and avoiding being a fad-follower. 

According to the SBA (Small Business Administration), around 75% of funding for startups come from lines of credit, business loans, and credit cards. However, the requirements for securing the loans may differ, depending on lenders. Some of these requirements can be:

  • You must be in business for at least two years
  • You must have a good credit score
  • Your business should have strong annual revenues
  • Look for Customers

Getting referrals from past business associations or networking is a cheap way of growing your business, and may help you get clients with retention rates. The best thing about referrals is that customers buy a lot of products and might be a source of more clients. 

You can also try a direct response marketing where you can use tactics to encourage customers to complete specific actions like requesting more information or subscribing to your newsletters. While at it, you can create ads that attract prospective customers by offering incentives or other things for free. 

Take Action Now!

Every business starts with an idea, which you can put into action. It’s all right to freeze up at the deluge of things you need to start your business. However, keeping going can be easy, as long as you have a good plan, secure funds, learn how to look for customers, and understand your country’s legal requirements. 

Tweet54SendShare15
Previous Post

Realme 7 and Realme 7 pro launching in India on 3rd September

Next Post

Xiaomi Poco X3 specs leaked: Might launch soon

Rohan Mathawan

Content Editor at Techstory Media | Technology | Gadgets | Written more than 5000+ articles about different niches from Tech to online real money gaming for reputed brands and companies. Get in touch Email: [email protected] For Business Enquires related to TechStory [email protected]

Recommended For You

Eutelsat’s Shares Skyrocket as France Leads €1.35 Billion Investment in Satellite Future

by Harikrishnan A
June 21, 2025
0
Eutelsat’s Shares Skyrocket as France Leads €1.35 Billion Investment in Satellite Future

Eutelsat, the European satellite company, made headlines this week as its stock surged an impressive 31% on Friday. The rally came right after the company announced it had...

Read more

Decade-Old Torrent Site Lands Greek Man in Prison Amid Renewed Piracy Crackdown

by Harikrishnan A
June 21, 2025
0
Decade-Old Torrent Site Lands Greek Man in Prison Amid Renewed Piracy Crackdown

In a courtroom in Piraeus, Greece, silence quickly turned to shock when three police officers stepped forward, handcuffed a 59-year-old man, and led him away. Moments earlier, the...

Read more

Residential Solar Industry Faces Major Setback as Tax Credit Cuts and Economic Pressures Threaten Future

by Harikrishnan A
June 21, 2025
0
Residential Solar Industry Faces Major Setback as Tax Credit Cuts and Economic Pressures Threaten Future

Once seen as a shining symbol of clean energy progress in the U.S., the residential solar industry is now battling to stay afloat. Just a few years ago,...

Read more
Next Post
Xiaomi Poco X3 specs leaked: Might launch soon

Xiaomi Poco X3 specs leaked: Might launch soon

Please login to join discussion

Techstory

Tech and Business News from around the world. Follow along for latest in the world of Tech, AI, Crypto, EVs, Business Personalities and more.
reach us at [email protected]

Advertise With Us

Reach out at - [email protected]

BROWSE BY TAG

#Crypto #howto 2024 acquisition AI amazon Apple bitcoin Business China cryptocurrency e-commerce electric vehicles Elon Musk Ethereum facebook flipkart funding Gaming Google India Instagram Investment ios iPhone IPO Market Markets Meta Microsoft News NFT samsung Social Media SpaceX startup startups tech technology Tesla TikTok trend trending twitter US

© 2024 Techstory.in

No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to

© 2024 Techstory.in

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?