Starting a Business as a Graduate
After graduating from university you should spend a little time reviewing your options because the decisions you make now will decide your career for the next 30/40 years. Instead of rushing to a graduate recruitment agency, have a think about investing in your own business.
You will have an advantage over many other businesses since the skills you learned in lectures will still be fresh in your memory; with this knowledge and youthful enthusiasm, it can make starting a successful business more likely. You should not underestimate the amount of dedication and responsibility which is needed to run a business; it costs money to make money and it’ll also be demanding on you both physically and emotionally. But remember, you’ll be your own boss and you’ll have control over any profit. Such are the rewards for running your own enterprise!
In this blog post we wanted to share our experience gained from working with thousands of UK businesses. This will help you decide whether you have what it takes to go it alone and succeed, despite economic climates and other factors which affect the business world.
The degree which you earned in university will benefit you in a number of ways. It’ll prove to investors that you’re committed and it’ll give you the confidence that you’re making the right decisions.
Staff Management
You probably had many friends whilst studying and you could ask them if they want to work for you. This saves time with interviewing processes and you already have a good idea of what type of person they are and how reliable they can be. You should also have other good people skills; this means keeping staff morale high, resolving disputes and investing in training projects.
Some businesses are less service based and more involved in manufacturing and distributing products. This means that as the manager your role will involve more of a hands on approach. You’ll be present during the initial design stage to point out any potential problems and also do regular material checks in the construction phase to ensure a quality end result.
Financial Planning
You might have been one of those students budgeting your money and only eating pot noodles each day. This experience might actually come in useful now that you have to set aside funds each month to cover bills for renting a premises, paying staff and for publicity material. Financial planning is crucial when working with banks and accountancy.
Sales Skills
This is probably the most important factor in deciding whether your business sinks or swims. It’s all well and fine having the perfect set up and getting customers interested in your service/products but if you can’t close the deal you’ll find yourself at a dead end.
If you require PDQ machines to accept card payments as a startup business and you want to concentrate on running your business rather filling out and sorting proof documents to get approved for a merchant account, you can contact Seymour Direct and we’ll advise you on the best options and offer you those allimportant lower rates:
