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Stages of Business Every Business Owner Needs to Know

Everyone dreams of starting a new business. Many people always quote idea that can bring “millions” of gains. In reality, ideas is dime a dozen. Starting and growing a business is a hard work, but there are some things that can simplify, break tasks into small chunks, and highlight things that truly important.

Starting the business is the most exciting and fun time. Who does not like a birthday, new baby, or cute little puppy. It is the same thing that happen with business. Everyone is over optimistic, everyone is expecting to earn tons of money. Everything looks pink and fluffy. But a serious businessman knows the thorny road ahead. Seasoned leader would turn down over optimistic outlooks. Spending money on new office furniture, renovating the newly rented office space. Spending money on new fancy locks, putting trendy doors. Those are things that don’t make or break business. Instead of superficial things concentrate on designing tasks and projects to be done. Do the market research about product or service you about to start. Concentrate on defining parameters of the core products. Make sure that desires of the customers correlate with the ability of technical stuff to deliver. At this point almost every business requires a lot of money.

There are many ways to get money. If the leadership have good connections and great standing with the banks, borrowing from the bank is the best and cheapest venue. If the leadership have network of proven angel investors, or venture capitalists, one needs to be very clear what your business willing to give up to get money from them. The best way is to get one of the venture capitalists in the leadership of the company. Their business connections and expertise will help business not only getting money but in marketing and penetration of markets. As a rule: don’t borrow money from friends or family.  Also, don’t get your friends get involved into business. It is a business, not social club

Well, your business overcame all your growing pains and you are finally releasing the product. You already scaled up your marketing. Your website done fantastic SEO. You have hired your first saleswoman. Don’t forget to do one thing: shoot the designers and engineers. No, I am not telling you to physically eliminate them. You have to get them to stop working on the product. See, the big secret from the high tech, no product appear on market fully functioning. If you make a perfect product, you are too late to the market. Designers and engineers who have spend considerable time, emotions, and sweat on the product, have feeling that is their baby. They will continue working on improving it forever. You have to freeze the design and send it into production. There will be issues that need to be addressed, but the product have to start flowing to the customers. You do a short celebration of releasing the first product, make sure to give a lot of praise and recognition to the people who were involved. But the product is in the hands of marketing and sales now. You have to push sales, and finally get positive cash flow into your company.

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3 Business Ideas So Weird They Might Just Work

New year, new you, new business too. If you are out of ideas on what to start this year of the Dog, here are some bizarre ways to start rolling that money in. DO NOT underestimate these ideas; Facebook was once a virtual yearbook and look at how gigantic it is right now.

it-just-work

1. Start robotized cafe.

Everyone is talking about AI and robotization of the workplace. So, why not start your own robot cafe.

In the robocafe the client selects and pays for coffee through the mobile app or touch screen at the cafe. After the order robot chooses desired grains of the selected roast, grinds them, adds desired topping. Within a minute or two you get the coffee you like.

In this instance robotization helps not only to go without problems with personnel, but will also be a marketing hook, since this automatization is still novelty, your cafe will attract a lot of attention. A company in San-Francisco already has set up the shop.

To start such business you can contact the company that already in this business, or you can gather a team of engineers and make your own product.

2. Blockchain Mining Hotel

Blockchain mining is very popular these days. Everyone knows the quick rise of the Bitcoin, Ethereum… To support crypto coins a lot of computer power required. There are many mining farms where computers with powerful video cards perform calculations. Or specialized mining computers where the people earn crypto coins for profit.

Many people try mining at home, but when scaling up, these miners have problem. Scaling up mining is not easy. To solve this question many entrepreneurs already started building good business.

Mining Hotel – it is rental business. To start you get about 1000 square feet commercial space. Install shelving to hold equipment, create good ventilation, connect to reliable fast internet. Have large electrical supply. In some cases the question of reducing price and increasing power solved by installing natural gas generators. You just need 24 hours security guards, and system administrator.

You can provide to the miners turn key physical mining pool solution and collect monthly rent.  1000 square feet can allocate at least 50 farms. Rent from each $60 up plus cost of electricity.

3. Overshakes or FreakShakes

Overshake is variation of the shake that overflows and has large, freaky head over it. For it base you take basic milkshake, smoothie, or ice cream. Then you just pile up toppings. Use whip cream, candies, cookies, donuts,…

The size and ingredients are limited only by imagination and creativity of dessert chef. You know that freakshakes created not only for their taste. These are the most photographed and posted dessert pictures on social media. People pose with them for selfies and post them on social media. This is why this trend is quickly developing.

If you are planning a small but cosy cafe, give this dessert a serious consideration. Overshakes can be strong marketing driver of you establishment, that will lead to many new visitors.

If you don’t’ have ability to open your own cafe,but you are creative person and can cook, you can establish yourself as an expert in this niche. Develop proprietary overshakes, take pictures of your experiments and post it on YouTube. With creative and inventive approach you can have viral video, which will create your audience. Type in YouTube Freakshakes and you will see the videos on these themes.

With time you can make money by developing for different cafe or restaurants your copyrighted freakshakes and send your viewers to patronage those cafe’s. This is a win-win situation. The owner of the cafe, when using your service will not only get great addition to the menu, but also new visitors referred by you.

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