Launching your own business can be tricky, and sometimes it may feel like you’re stumbling through the dark. That’s where free advice can be helpful, especially when it can help ensure your fledging business is a success.
In a recent Entrepreneur.com article, author and entrepreneur Timothy Sykes shares “6 Timeless Strategies to Drive Entrepreneurship Success.” Here we share three of his tips:
- Study the Competition. How many accountants are currently in your area? Can the market sustain another independent contract accountant? Who would your target market even be? What services are currently being offered and how can you capture the market by enhancing yours to beat out the competition? Is there a niche that’s currently being neglected that you could take advantage of? You can improve on your research by actually talking with other accountants, potential customers, and professionals you respect and admire, providing you with valuable feedback that can inform the way you manage your practice.
- Conserve Cash. As Sykes explains, “Entrepreneurs should be as conservative with their money as possible to be able to deal with any rough patch that arises. Conserving several months’ worth of operating expenses in the bank will help you survive most unforeseen circumstances.”
- Listen to Customer feedback and adapt. You must take the time to gather feedback regarding your customer service and your service offerings, both before you launch your practice and after you’ve been in business for a while. They can best inform you on how to improve your approach so that your business can become the premier accounting service in the area!
The Universal Practice Builder (UPB) Program
Increasing your clientele is one key to a thriving practice. And if you’re looking to attract more clients, we have the perfect program for you!
The Universal Practice Builder Program is designed to train you how to promote your practice in order to experience significant growth and profitability. This program offers the following:
- $30,000 in new annualized billings in only 12 months
- Tactical goal planning and setting
- The generation of 15 to 25 qualified leads per month
- Phone marketing instruction and training
- Training in the benefits of newsletters and websites
- 12 proven marketing strategies
- Financing options
Build a stellar practice by enrolling in this program today! Call 1-877-833-7908 to begin experiencing true entrepreneurial success!
Sykes, Timothy. “6 Timeless Strategies to Drive Entrepreneurship Success.” 4 February 2015 Entrepreneur.com