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Here are some avoidable mistakes that can be made when building a self-employment business:
Unclear vision: without a clear vision and goal, it can be difficult to have a clear focus and steer the business in the right direction.
Lack of business planning: poor business planning can lead to unclear goals, insufficient funding and lack of direction.
Lack of market analysis: a lack of market analysis can lead to a business not understanding its target audience or what needs it should be meeting.
Lack of financial planning: inadequate financial planning can lead to an unexpected financial shortfall that can threaten the survival of the business.
Lack of legal advice: a lack of legal advice can cause a company to miss the necessary steps to comply with laws and regulations and potentially face legal difficulties.
Lack of marketing strategy: a lack of marketing strategy can result in a business struggling to reach its target audience and attract customers.
Lack of self-discipline: without self-discipline and self-motivation, it can be difficult to succeed in the long run.
By avoiding these mistakes and carefully planning and implementing your self-employment, you can increase the chances of success and build a profitable business.
Addressing potential customers and decision makers requires a targeted and strategic approach. Here are some steps you can take to get to the decider level:
Identify your target audience: Determine exactly who your target audience is and who are the decision makers in your target market. You can do this by analyzing your existing customers, conducting industry studies, or gathering information from social media and other online sources.
Create a list of potential customers: Based on your target group analysis, create a list of potential customers and decision makers. Make sure you have a phone number, email address, and the decider's full name for each contact.
Use different contact channels: An effective way to reach potential customers and decision makers.
A business management analysis (BWA) is an important tool for assessing the economic situation of a company. A BWA provides information about the current operating income and expenses, the financial situation and the profitability of the company.
Here are the steps to create a BWA:
Data collection: gather all relevant data such as sales, costs, expenses, payments, loans and other financial data.
Selecting the BWA form: There are several types of BWAs, including basic BWA and advanced BWA. The choice depends on the complexity of the business.
Calculation of key figures: Calculate key ratios such as gross profit, net profit, operating profit margin, EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization), liquidity ratio, and equity ratio.
Interpretation of Results: Interpret BWA results to understand the company's financial position. Identify weaknesses and opportunities and derive appropriate actions.
Reporting: prepare a report on the results of the BWA. This report should be easy to understand, clearly laid out, and include key findings and recommendations.
It is advisable to prepare a BWA on a regular basis in order to keep an eye on the economic situation of the company and to take measures for improvement if necessary.
If you are planning to start a business, there are a few important points that you should consider beforehand. Here are some aspects to consider:
Business Idea: Think about what products or services you want to offer. Do a market analysis to see if there is demand and how tough the competition is.
Target group: Determine your target group and analyze their needs and expectations. Think about how you can best achieve them and which marketing strategies you can use to achieve this.
Financing: Create a business plan to calculate your costs, income and financing needs. Consider whether you can contribute equity or whether you would like to use external financing options.
Legal form: Decide on a suitable legal form, e.g. as a sole trader or as a GmbH. Pay attention to tax, legal and organizational aspects.
Official registrations: Find out about the necessary official registrations and permits, e.g. business registration, tax registration and IHK contributions.
Insurance: Check which insurances are necessary for your company, e.g. liability insurance, business liability insurance and health insurance.
Schedule: Create a realistic schedule that includes all necessary steps and milestones. Also note buffer times for unforeseen events.
Network: Build up a network, e.g. through contacts with potential customers, business partners, suppliers and consultants.
It is important that you take sufficient time to plan your business start-up and that you have the support of experienced consultants in order to minimize possible risks and start your company successfully.
Acquiring new customers in the B2B space can be challenging, but with the right strategies, it can become easier. Here are some tips on how to attract new customers:
Target group analysis: Analyze your target group and find out which companies and industries best suit your offer. Use online research and databases to find suitable contacts.
Personalized Speech: Make sure you use a personalized speech to target prospects. Avoid mass emails and make sure your message is tailored to the unique needs and challenges of the business.
References and recommendations: Use existing customers to acquire new customers. Ask your satisfied customers to recommend you or give you a recommendation. Also use reference customers in your marketing material and on your website.
Networking: Attend industry events, conferences and trade shows to meet potential customers. You can also use online networks such as LinkedIn to make new contacts.
Content Marketing: Use content such as blog articles, white papers, case studies or webinars to show your expertise and inform potential customers. Make sure you target your content to your audience and distribute it accordingly.
Phone prospecting: Use phone prospecting to reach potential customers directly. Make sure you research the company and contact person well beforehand and have a clear offer or request.
Social media marketing: Use social networks such as LinkedIn, Twitter or Xing to network and present your company. Make sure you are active and participating in discussions.
Follow-up: Make sure you follow up with prospects regularly after they have been contacted. Track offers and ensure you respond to inquiries in a timely manner.
The acquisition of new B2B customers requires perseverance and a systematic approach. It is important that you regularly measure and optimize your activities in order to be successful.