Common small business challenges and solutions for a startup

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Common Small Business Challenges and Solutions
for a Startup

• A guide by Logopro Promotional Products

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Capital
When you are starting a new business then
financing the new business is the most difficult
Part. You often struggle for arranging the
required capital for your business.
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Solution

• There are various ways for Arranging the funds
  for your startup
• Family and FriendsYou can call you friends and
  family for help. This is best and cheapest way
  for arranging the funds.
• Commercial loansBanks are giving loans to the
  startups at avery low rate of Interest.
• Angel investorsTable your business plans infront
  of the investors if they like they will surely
  invest in your business.

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2. Inability to select the Right Business.
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To Attain! Success.
You need to have an Outstanding product and
services.
Deliver Exactly what You have committed.
Word of mouth Publicity
Attract new Customers and retain Existing clients
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3. Managing Cash Flow
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3. Solution

• Proper planning and budgeting is essential for
  managing the Cash flow.
• Asking for a down PaymentWhenever you receive a
  order ask then to pay down payment so that you
  are able to pay your expenses.
• Ask your client for faster invoicingIbn this Way
  if the client is not able to pay then you still
  have the time to pay your expenses

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4. Hiring Employees

• Meet Alberto.
• Employees are the Greatest Assert for any
  business so proper selection procedure should be
  followed.
• Employees are the one who will make or break the
  way for your business.

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• Solution.
• Go though The Wanted section of the Newspaper
• Sort the Resumes carefully
• Call only the Desired candidates
• Follow proper Procedure
• Give the Appointee training for complete
  understanding of the Business.

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5. Selection of customers

• Find the Prospective customer
• Carefully select your audience

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• The solution
• If your Product Add Value to the People life then
  you dont need to spend extra money on
  Advertisements.
• If you have great product people will
  automatically come to your business.

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Good luck!

• We hope youll use these tips to go out and
  deliver a memorable pitch for your product or
  service!
• If you need any information about the business
  Promotional products in Australia and Giveaways
  please visit Logopro Promotional Products