Posted: Mon 14th Sep 2020
We're now in the third week of September and as part of our advice packed StepUp September campaign we've been sharing daily bitesize business lessons. What's the aim? To encourage start-ups and small business owners to lean into learning!
The reason for this is because, over the years, our research indicates that businesses that seek advice fast do better than those that don't.
We've been receiving great advice contributions from Enterprise Nation friends and members. Big thanks to everyone for getting involved.
"Most of the opportunities I've been lucky enough to come across are a result of getting out of my comfort zone and putting myself out there. By that, I mean, saying yes to new opportunities (even if they're a bit scary!), asking lots of questions, trying to raise my profile and networking with lots of different people.
Go to that event, say yes to that coffee catch up and make that call - you never know what opportunities might come out from it."
Tip provided by Jess Salamanca, founder of Banana Scoops.
If you're a female entrepreneur, get out of your comfort zone and put yourself forward to be the Female Start-up of the Year 2020! We created the accolade in 2015 to shine the spotlight on an early stage start-up entrepreneur who is excelling in their industry. Find out more and apply now.
Read about the practical steps you can take to build a mindset that can help your business grow
"My top recommendation for a start-up is to stay flexible. Stick to your general ethos, but we have had to diversify several times already in order to survive.
One of the key advantages of having a small business is being able to respond fairly quickly to change, embrace it!"
Tip provided by Lauren Riddell, founder of Kids Gone Wild.
Read this article about how to build business resilience
Watch these free webinars on pivoting your service business to make sales online and how to pivot your business towards e-commerce
Try out different elements in your marketing and see what brings the best results for your business. Feel free to adapt as necessary! For ideas of different variables to test, think about your:
Email subject lines
Email delivery times
Landing page layouts
…. and more!
Tip provided by Stephanie Melodia, Director of Bloom.
Watch a video from Amazon Small Business Accelerator e-learning on how to utilise social advertising to test marketing impact
Read this article on how to test your start-up idea for next to nothing
"You can't perform at your best if your physiology is not operating at its best. I find a morning run or a Joe Wicks 20 minute blast raises my metabolism and helps me see solutions, be more creative and have more energy for my business."
Tip provided by Tim Bassford, founder of Turbine Creative.
Here is some exercise advice to help you stay fit when running your business
You may think profit is more important than cashflow but there is an old maxim that no business ever collapsed because of lack of profitability, but lacking cash is a cause for concern.
Having cash allows a business to operate. Find yourself a trusted accountant that can help you keep on top of your business books.
Tip provided by Emma Jones, founder of Enterprise Nation
There are thousands of accountants offering one hour free calls on the Enterprise Nation platform. Go find an accountant now. If you're not yet a member, you can sign up for free here so you can connect with an accountant.
Watch a video from Amazon Small Business Accelerator e-learning on how to effectively forecast cashflow for your business and how to track growth.
**We hope these practical business tips will inspire you to take on new challenges and learn new skills this September.
If you have a business challenge that you'd like to recommend to the community, engage with us on social using the #StepUpSeptember hashtag and we'll be sure to share!