26 December 2017

From New Grad to Entrepreneur: Starting Up After Uni

As a fresh-faced graduate, you have completed a huge chapter in your life and are now wondering 'What is next for me?' This can be a daunting question to confront, but by facing it head-on, you are able to dispel the fear of adulthood and instead focus on the opportunities that being free from full-time education and having a great degree under your belt can bring. However, this doesn't mean you have to wait for someone else to give you these opportunities. Starting up your own business gives you complete control over your future and allows you to build something you can be truly proud of. After all, why spend your youth building someone else’s dream when you can realise your own? Here are a few pointers for the budding entrepreneur on starting your first enterprise.


What Will Your Business Be?
The first and foremost question to answer is what your business will actually be. What gap in the market will it fill and/or what service will you provide? A good place to start in answering this question is to consider what you are passionate about and then, separately, what your strengths are. By making these two lists, you can begin to see correlations between the two and form your business concept around them. Once you've pinned down the idea, go through the step-by-step tasks you need to do to begin your business so you can make your vision more concrete and viable in the marketplace.

Where Will Your Business Be?
Once you have your winning idea, taking the time to sit and brainstorm your plans and strategy on your laptop in your bedroom just won't cut in anymore. You will be looking to employ people in your startup as soon as possible, and this means you need a good location to run your business from. The best way to find a great location is to assess your needs as a budding entrepreneur and research what is important to think about when choosing a business location. To pay for your office space though, you need to secure funding.

How Will You Be A Good Employer?
Of course, with great ambition comes great responsibility, and this fact should never be overlooked. As a new employer, you want to ensure the staff you hire are well paid, supported by you, their boss, as well as having a positive, friendly atmosphere to work in. As a new business, you need to instil trust, otherwise they may be wary taking a chance on your business endeavour.

To create a welcoming atmosphere, consider what you would want from your ideal office and try your best to implement it for your staff. For example, having a nicely furnished area for your employees to have their breaks will mean they get the time to recharge, meaning they can go back to their tasks refreshed. A fantastic way of doing this is installing a quality hot drinks machine for your employees to enjoy – head to office-coffee.co.uk for more information. By creating a relaxed environment, you’ll impress your employees and create a desirable setting for all to enjoy.

Now you have the tools to get started creating your own company, so get out there and build your dream!

2 comments:

  1. I would love to have my own business.

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  2. Interesting reading my neice hopes to do this when she completes uni

    ReplyDelete