Here's how you can successfully launch a new business as an entrepreneur.

If you want to start your own business, try to make it clear what do you want to do? what kind of service or product you want to offer that would solve an issue? what is your added value? how you can make difference? what are your competitive advantages? how you want to do your market research and write your business plan? what are your sales and marketing strategies? how you want to promote your brand? It is really important to answer these questions and write an appropriate business plan then based on that you can attract investors and start your business.

Launching a new business as an entrepreneur can be both exciting and challenging. Jotting down some key steps. 1. Understand your target market, their needs, and the existing competition and identify the gaps and basis on that create a strategic business plan outlining business goals, target audience, marketing and operational plan. 2. Determine how much funding you need to launch and sustain your business until it becomes profitable. 3. Build a strong team of talented individuals. 4. Keep a close eye on your finances, including revenue, expenses,and cash flow. Adjust your financial strategy as needed to ensure sustainability-growth 5. Focus on providing exceptional customer service to build customer loyalty and generate positive testimony.

Successfully launching a new business as an entrepreneur involves several critical steps and considerations—a business idea with a great plan to execute it. Plan B should always be in mind if Plan A fails. Your market analysis should be thorough and up to the mark. Think out of the box. Every time in the market for a single product there are n no. of companies but we choose as per their Branding, Quality, Pricing, and services. So keep all these factors in mind. 1 unsuccessful idea gives birth to 10 successful ideas, so don't be hesitate to launch your services and products.

Inorder to successfully launch a new business, one should have a thorough knowledge of the market first.So therefore understanding the market is the first step towards launching a new business. For that you need to conduct thorough research to identify your target audience, understand their needs & also analyze your competition. This means you have to look at market trends, customer behavior and potential gaps in the market that your business can fill.The idea behind the whole excercise to gain a deep understanding of the market so that you can tailor your products or services to meet customer's demands,needs & position your business for success.

In the rapidly evolving food delivery sector, market research is paramount. At Deliver.sg, we identified a niche for subscription-based deliveries, which wasn't well-explored. By leveraging data analytics, we could understand customer patterns and preferences, which led to the introduction of a subscription model that allowed us to gain a steady customer base and predictable revenue stream. This approach not only filled a market gap but also fostered customer loyalty and improved service consistency.

Crafting a comprehensive business plan was crucial for the expansion of Deliver.sg. This plan detailed strategic market entry methods, financial projections, and operational strategies tailored to the local preferences and regulatory environment. The business plan was instrumental in securing funding and strategic partnerships, laying a foundation for our successful international expansion.

Develop a comprehensive business plan outlining your business goals, strategies, target market, financial projections, and operational plans. A well-crafted business plan serves as a roadmap and is crucial for attracting investors and securing funding.

I love to use canvas business plan model. It's short, to the point and one page. Based on my own experience, writing long business plan doesn't really help as market is very fluid and dynamic. With the canvas business plan, it's easy to tweak and adjust elements such as how to reduce cost and increase revenue or adding more USP

Para lan?ar com sucesso um novo negócio como empreendedor, é essencial ter um plano de negócios bem estruturado. Isso inclui pesquisa de mercado, defini??o do público-alvo, desenvolvimento do produto/servi?o, estratégias de marketing, organiza??o financeira e operacional, análise de riscos e monitoramento constante. Seguir esse plano ajudará a aumentar suas chances de sucesso.

A solid business plan is your blueprint for success. It outlines your goals, strategies, and the steps to achieve them. Include financial projections, marketing strategies, and operations. our plan serves as a roadmap for decision-making and a persuasive tool for securing funding or partnerships.

Choose the appropriate legal structure for your business, such as sole proprietorship, partnership, LLC, or corporation. This decision impacts your tax obligations, liability, and regulatory requirements. It’s advisable to consult with a legal expert to make the best choice for your business.

Choosing the right legal structure for your business is crucial because it affects your liability, taxes, and ability to raise funds. Here are common options: Sole Proprietorship: Simplest form, with the owner personally liable for debts. Partnership: Shared ownership with partners, each liable for the business's obligations. Limited Liability Company (LLC): Combines limited liability protection with flexibility in management and tax treatment. Corporation: Offers limited liability protection but involves more complex compliance and tax requirements. Consulting a legal expert ensures you choose the best fit for your business goals, ensuring legal compliance and protecting your personal assets.

Lesson learnt from my experience is I undermined legal structure. When I was a solopreneur, I set up sole proprietorship company as it's easy and cheap without considering the potential growth in the long term. True enough, when my business has grown and attracted investor, I need to change the legal structure and it takes more time with more implications. Tips for small business or solopreneurs : if you plan to have external investors in the near future, please set up private limited from the start, you may not know when your business bloom and external investors come on board

Create a strong brand identity that reflects your business values, mission, and unique selling proposition. This includes designing a memorable logo, developing a consistent visual style, and crafting a compelling brand story that resonates with your target audience.

Your brand identity is how customers recognize and connect with your business. It's not just about a logo; it includes your values, voice, and how people perceive you. Building a strong brand means choosing a fitting name, designing cohesive branding materials, and keeping your message consistent across all marketing platforms.

Brand is simply the Promise you make. As an example, DNV builds Trust. Many things help you in marketing, sales, delivery, but they are not your brand; they should reinforce your promise, if your promise is strong and reliable, so they are important, but your Brand is your Promise. You fail to stick to your Promise, your brand will be empty. Do not change your Promise, it will make you unreliable.

Brand identity is more than the brand assets/materials. It reflects our company value and vision. brand assets will change over time, however the consumer perception will last forever.

Creating a strong brand identity is essential for reflecting your business values, mission, and unique selling proposition. Start by designing a memorable logo that captures the essence of your brand. Develop a consistent visual style, including colors, fonts, and imagery, that will be used across all marketing materials. Craft a compelling brand story that resonates with your target audience, highlighting what sets you apart from competitors. Ensure every aspect of your brand communicates your core values and mission, creating a cohesive and impactful presence in the market.

Securing funding is critical yet challenging for new businesses. Explore options like bootstrapping, loans, angel investors, or venture capital, each with unique requirements and impacts. Assess your financial needs and choose a strategy aligned with your long-term goals and risk tolerance. Careful planning and understanding of each funding avenue are crucial to ensure adequate capital for starting and scaling your business effectively.

Determine your funding needs and explore various funding options, such as bootstrapping, loans, angel investors, venture capital, or crowdfunding. A clear funding strategy ensures you have the necessary resources to launch and grow your business.

As my work experience dealing with financing SMB, I would say do bootstrapping as much as you can for the start. There are many ways to get internal funding without involving external parties such as loan and VC. Once your small company is profitable and you want to grow, that's where external funds may be needed

It was said that it is not about whom you know, but who knows you. Marketing is about Significant Networking, to deliver value to a consistent network of clients who learn to know you. Delivery is my first Marketing option, always: contracting and delivering consistent work. Marketing specialists exist, and the good ones bring value to the desired niche of clients, but the further you move away from answering an actual question asked by an actual client, the more difficult it becomes to bring value, and create a significant networking effect. Based on the above, to me a Marketing Plan is a budget I am willing to spend to secure work at discounted rates, or meet and spend time with selected people.

Develop a robust marketing plan to promote your business and attract customers. This should include digital marketing strategies (such as social media, SEO, and content marketing), traditional marketing methods, and a clear plan for customer acquisition and retention.

Develop a robust marketing plan that includes digital strategies like social media, SEO, and content marketing, alongside traditional methods. Focus on customer acquisition and retention with clear lead generation tactics and loyalty programs. Prioritize excellent customer service to ensure lasting success.

Um bom plano de marketing é resultado de outros pontos anteriores: identidade de marca, pesquisa de mercado e conhecimento de consumidor. E é fundamental para manter um crescimento e sucesso econ?mico do negócio. Algumas etapas estratégicas: identificar canais e parceiros alinhados com o perfil da marca; precificar corretamente o seu produto ou servi?o; comunicar os benefícios e diferenciais que sua marca oferece; tornar-se top voice no seu setor no LinkedIn.

Think of Business Development as a Marathon, stretching over a long period of time. This means you will easily run out of breath in the initial stage, then you stabilize on a speed that might feel slow and that steadily drains your energy, and it might get boring at some stage. Some poeple don't like running, good BDs enjoy a steady and fast pace.

A successful business is never a solo effort. True entrepreneurs need two critical traits—everything else follows in the business plan. I once thought of myself as just a real estate entrepreneur, but I’ve learned entrepreneurship isn’t tied to one model. Whether in real estate, tech, or commodities, the principles remain universal. My "Legos and Starships" theory means you can build extraordinary things if you have the right pieces and know how to assemble them. You don’t need to master every field; instead, connect with experts and create a winning team. This approach, which I call 1+1=3, amplifies success by leveraging collaboration. To succeed: 1. Build a broad network of experts. 2. Form teams that produce greater results together.

I would consider the timing of the product or service. Is the audience ready for your product or service (if something innovative and new)

The road to entrepreneurship is full of hardships and challenges, and success is not achieved overnight. Entrepreneurs need to have the spirit of perseverance, not to be discouraged in the face of difficulties, and not to give up when encountering setbacks. To maintain the love and dedication of the cause, go forward, and finally realize the dream of entrepreneurship.

Your Plan A should be to give your 100% to the business and make it successful. If you have a Plan B, always remember Plan B is the killer of Plan A.