Start Your Business Right: An Economist’s Guide to Ultimate Success
Have you ever wondered what is best for a new entrepreneur? Have you ever thought about what it takes to make your dream come true? I’m sure you do!
Starting a new business is an exciting and challenging process.
Many new entrepreneurs start with passion and enthusiasm, but often face difficulties along the way. To increase their chances of success, it is important to get support from professionals in the field, such as business coaches, create a strong business plan and use business consulting services (80% of businesses that have not prepared a business plan fail in their first 3 years of operation).
In this article, we will examine the role of these three factors in the success of a new business, through examples of real entrepreneurs and success rates.
Business Best is specialized in providing these services and ensuring the success of new businesses.
We plan together your path to success
Business Coaching: Guidance and Support
Have you ever wondered what it would be like to have someone by your side to guide and support you through difficult times? The role of business coaching is extremely important for the growth and success of a new business. A business coach provides guidance, support and strategies to address the challenges that arise when starting and running a business.
Example:
Maria, a young entrepreneur, had the vision to create an organic products store. However, her lack of experience and knowledge about business management made her hesitate. With the guidance of a business coach from Business Best, Maria developed leadership skills, created a strategic plan and learned to manage crises. Her coach encouraged her and showed her how to utilize her potential, leading her business to a successful path. Research shows that entrepreneurs who use business coaching have a 70% greater chance of success compared to those who do not .
Business Plan: A Guide to Success
Have you ever felt lost without a clear plan? A well-formed business plan is the cornerstone of a new business’s success. A business plan defines the strategy, goals, and means to achieve them. It is an essential tool for both internal management and external financing.
Example:
Kostas, a young tech entrepreneur, wanted to create a personal finance management app. Without a clear plan, he had difficulty attracting investors. After creating a detailed business plan with the help of Business Best, which included market analysis, organizational structure, products and services, and financial projections, Kostas was able to gain the trust of investors and secure the financing he needed to launch his business. According to studies, 90% of new businesses with a well-designed business plan achieve survival and growth within the first five years.
Your partnership with Business Best will help you ensure the efficient and successful launch of your business!
We plan together your path to success
Business Consulting: Specialized Support
Have you ever wondered how you could solve specific problems and improve your business performance? Business consulting offers specialized services and advice that help businesses solve specific problems and improve their performance. Business Best business consultants have the experience and expertise to provide practical solutions and strategies.
Example:
Anna, the owner of a small cafe, was having trouble managing costs and increasing sales. She contacted a business consultant from Business Best who analyzed the current state of the business, identified weak points, and proposed specific solutions. By implementing the consultant’s suggestions, Anna was able to reduce costs, improve customer service, and increase her sales. Businesses that use consulting services are 65% more likely to achieve their goals and increase their profitability.
Business Best recommends:
When your idea starts to take shape in your mind and becomes a strong desire, it is the right time to start business coaching. Business coaching will give you the strength and courage to pursue your dream.
As your idea turns into a clear picture and becomes your strength, you should ask yourself: does the business I want to open have a future? If so, what resources do I need to start the business? When will I start seeing profits? These answers come from a comprehensive and documented business plan from Business Best.
The usual practice is that our first contact is with a professional accountant. The accountant will give you answers about start-up costs, advice on the legal form of the business (sole proprietorship, freelancer with a notebook, IKE, procedure through the AADE, etc.). Although this information is extremely important, it is not the first step that will lead you closer to your business dream.
First, you need to know exactly what you want and have a strong belief and will to achieve it (through business coaching). Then, when completing the business plan, you can incorporate the costs that your accountant will give you.
Business Best is specialized in providing these services and ensuring the success of new businesses.
Conclusion:
Starting a new business requires more than a good product or a good idea.
Business coaching, business planning, and business consulting are essential elements that can make the difference between success and failure.
Through mentoring, strategic planning and expert support from Business Best, young entrepreneurs can develop the skills and knowledge they need to achieve their goals and create a successful business. The stories of Maria, Kostas and Anna are just a few examples of how the right support can lead to business success.