The 3 important tips for starting entrepreneurs
The number of starting entrepreneurs in May 2022 was higher than in the same month a year ago. With almost 21 thousand starters, this means an increase of more than 16%. Not so long ago, you too may have officially registered your own company with the Chamber of Commerce. As a starting entrepreneur, you should be buzzing with energy to start working on your new plans.
In addition to the number of starters, the number of entrepreneurs who decided to stop in May 2022 was also higher than in the same month the year before. The main reason for stopping is because it is not possible to find a system that earns enough. It is not for nothing that it is said: a good start is half the work. In this blog you will read the most important tips for starting entrepreneurs to make a success of your ideas.
#1 Save time by using software for your quote
As a starting entrepreneur, it is important to send a professional and clear quote to potential customers. With a quotation you define the assignment, you create clear agreements and you inspire confidence. Use a software system to prepare your quotation. This saves you time, which you can use for other to-do’s on your schedule.
Did you know that with software for your quotation it is also possible to convert it into an invoice at the touch of a button? This saves not only a lot of time, but also possible typing errors. The information you have shared in your quote is transferred one to one on your invoice.
#2 Raise your hourly rate
One of the biggest pitfalls that novice entrepreneurs fall into is charging an hourly rate that is too low. It is often thought that if you are just starting out, you cannot charge too high an hourly rate. Or that you have a better chance of getting that one customer when the costs are lower.
The opposite is true. An hourly rate that is too low can cause you to convey to your customer that you are too inexperienced to take on a certain assignment. Or that you create such low expectations that a potential customer prefers to go for another. A higher, more common hourly rate shows that you have a quality service or product that distinguishes itself from the competition.
#3 Dare to outsource
Perseverance, daring to be stubborn, creativity, passion for your profession, daring to look for risks, reliability and flexibility: all kinds of skills that determine the success of you as a starting entrepreneur. Being stubborn is a good quality, but not if it gets you in trouble. As an entrepreneur, a lot comes at you. Just think about doing the administration, answering emails, incoming phone calls, keeping your website up to date and sending your product.
It’s almost impossible to be good at everything. And that is not necessary as an entrepreneur. For example, almost every entrepreneur has its own specialization. So focus on that and make use of your network! Hire that one good accountant, outsource the creation of your website or hire a good secretary. It is often forgotten that costs for work that has not been completed properly are often higher than hiring someone who does it right the first time.
