Chris Salis is a Strategic Start-up Advisor. He has implemented effective strategies for a start-up business, especially for young entrepreneurs. His insights and knowledge have helped boost the start-up’s credibility as the young first-time entrepreneurs lack the same. Chris has gained his skills from her immense experience at Adecco Employment Services, Business Objects, an SAP company.
Today, almost every person has the dream of starting something of their own. They want to be their own boss and introduce their passion project to the world. However, the entrepreneurial world can be a bit intimidating. But, if you use the right tactics and strategies, you can surely start strong.
Nothing can substitute a solid business plan. It is highly crucial to analyze the competitors and target demographic audience. You must be prepared for any eventuality. Evaluate all the possible things that can go wrong with the game plan and keep the response prepared in advance to overcome those hindrances. If you plan, you will be ready for anything that can happen. Know the strengths of your services or products, how they are unique, and work on removing the weaknesses.
Know Your Market
The main reason why most start-ups fail is the failure to understand the target market. Therefore, you need to research your market before you launch your business thoroughly. It will help you identify the vital attributes such as marketing messages and price point that attracts your potential audience. The more you understand your market, the easier it is to avoid expensive misfires.
Check Your Finances
Though young entrepreneurs generally enlist the help of angel investors to function, you better not assume any financial help that way. Entrepreneurs need to use their funds to start their business, so you must do everything to improve your financial condition. Start building credit as early as possible, like in high school, and pay off student loans and other debts. It significantly helps to get a loan quickly to fund your startup business.
Get a Mentor
Starting and operating a business requires many skills and expertise that young entrepreneurs haven’t mastered yet. Avoid making challenging decisions on your own. Getting a mentor is an essential thing you must do as a young entrepreneur. A mentor brings experience and knowledge as they have already walked on the path before and helps you make smarter decisions and move forward.
Never Stop Learning
This is important for success. The world is constantly changing, and so you should too. Starting your business is an ongoing process of learning and growth. Learn new skills from writing to design to management to marketing and SEO. The more you know, the easier it will be for you to supervise your team. Besides, it helps to understand the workings of the market.
About Chris Salis
Having spent more than two decades in the corporate world, Chris Salis has spent more than two decades in the corporate world, making him a reliable expert for guidance as a start-up advisor. Chris is currently applying his insights to help several startups achieve go-to-market excellence. He is a strong advocate of lean startup philosophies and the GTD (Getting Things Done) method. Apart from his profession, Chris Salis is happily married and has two young sons. He lives in San Mateo, California, with his family.