A friend just visited me. He’s about to open a new business as a private chef. He comes to me from time to tame to talk about ideas he has and how he wants to make them a reality.
An important question he brought up tonight was, what is the first thing I should do when I start a new business. He had a small restaurant in the past. When the business failed he was one hundred thousand dollars in debt.
When he started the business he scouted a “good” location. Made sure all his dishes were perfect and employed a good friend to start with. The one thing he didn’t emphasize was advertising. The most important thing you have to do when starting a business is to make sure you have clients.
Without people who buy your products your business is just a hobby. The advertisement should have a bigger budget than the property you lease or own. And a bigger budget than the inventory you keep. You can always rent a bigger place, always buy more inventory. But if people don’t know you exist you won’t sell anything.
I hope you found this post helpful, if so like it and share it with your friends. And while you’re at it, check out my ebook ‘level up your business’ a guide to starting your own business the right way.