5 Simple First-Home Buying Tips

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It’s no secret that the idea of owning property is a distant dream for many millennials. They have grown up in a time where they can barely afford to rent, let alone own, which is why there are so many millennials still living with their parents.

However, just because it is challenging to buy a house does not mean it’s impossible. If you’ve woken up to the idea that renting is unsustainable in the long run, you need to know how it might be possible for you to purchase a house, get on the property ladder, and look forward to the life you were promised while growing up. 

Make the Most of Assistance 

Looking at house prices in your area will make you think that you could save your entire life and still not end up with enough money to purchase a house, but this isn’t the case. In many cases, all you need is the bare minimum to help you purchase a property, and many places will do everything they can to help you get onto the ladder. 

Government grants and assistance are crucial for buying a house. Countries thrive on people owning a house. It signifies stability and means you are here for the long haul. Because of this, they will do all they can to help you. While it won’t pay for your whole house outright, it should soften the blow putting down a deposit will. 

Have a Savings Plan 

It should be no surprise that you need to save, save, and save some more if you want to buy a house. But how much do you need to save to make sure you can comfortably get the property you’ve always wanted? 

First, you need to establish your deposit and how long you will need to save to make this money. Once you have figured this out, you will create a savings plan and develop a strategy to help you save. If you’re planning on buying with a partner, this should make it easier, and you can expect to cut your savings time in half, assuming you both make around the same amount of money. 

Ask For Advice 

If you’re not the first of your friends to buy a house, then you’re one of the lucky ones (in theory). Your friends and relatives of a similar age have already gone through the rigamarole of saving, searching for, and buying a house, so they can provide a wealth of advice that will help you avoid the mistakes that they made. 

Did they invest in a new build that came with heaps of hidden issues? If so, they can warn you away from it. Did they forget some essential things they needed when buying a house? If so, they can tell you what you need to look out for. This information could be vital for ensuring you pick the best house for you without getting ripped off. 

View The House In Person

While it’s fun to spend hours scrolling through house images on property sale websites, these do not tell the full story. Just like you wouldn’t put your worst photos on your dating profile, the same goes for the house. 

Any picture can make a property look like Buckingham Palace, but you might not see what is on the other side of the camera. For peace of mind and to save yourself any nasty surprises when you finally move it, it’s essential that you view the property when you can, and perhaps make several visits to get a good idea of how it looks at different times of the day. 

Get The Property Inspected 

Property inspections are a standard practice when it comes to buying a new home. These give a second opinion on the house, and, as they are independent, there is no bias associated with it. 

During these inspections, the agent will make sure that everything is up to standard. Their experience helps them recognize things that you wouldn’t. They may even follow procedures to confirm any suspicions, including using blue dye tablets to identify leaks, plug in devices to test the electricity, and look at structural issues that could impact the house’s integrity. 

First Time 

This may be your first house, but it does not mean it is the last one in your life. Still, this is a significant step in the right direction to set you up for a more comfortable and stable life. While there will still be costs from every angle, you can rest easy knowing that you have a property to call your own.

Useful Tips and Tricks To Win PubG Chicken Dinner Every Time

“Every pubg player wants to see one sure thing on their screen again and again; Winner Winner Chicken Dinner.”

When it comes to playing an extremely competitive game like PubG, you can’t downplay the advantage of learning strategies and tactics to ensure victory in snatching chicken dinners’ badge. Speaking of a newbie in PubG gaming, it is obvious to face challenging situations in getting chicken dinners, especially if you lack good gaming skills. Thus, no matter which case you are in, you’ll need to learn these tricks, secrets and strategies if you want to win more and more chicken dinners.

Be ready to dive in! Here are some smart tricks and tips for you to become a pro at this game.

Loot to the max

Being an essential part of the game, looting is a must for your survival in the game. So loot to the max. You must need to have a variety of weapons in order to kill the enemies. While looting, you have to gather weapons, clothes, medicine, backpack and more. When considering loot, it is suggested that you choose unconventional spots. Try landing at places where you aren’t most likely to face immediate high activity. You need to select things carefully while you loot, take things in the order of their priority and importance. Because your backpack has a certain capacity. Instead of going for an interesting weapon, make sure you have gears for your protection first.

Choose clothes cleverly

Throughout the entire game of Pubg , you’ll have to hide countless times. The better you camouflage yourself, the fewer chances you have to get caught by your enemies. So, choose your clothes wisely to avoid being spotted. Like a camouflaging fish, bring on your best hiding skills and choose the color of the clothes that hide you well from enemies. Professional gamers suggest that it’s wise to go for clothes depending on the surroundings. You can also use color changing hacks and pubg cheats for this purpose. When you are in Miramar, go for Army Green Jeans (available in the Classic Crate).

Choose your weapons carefully

How you choose your weapons can make or break your game.  In a pubg game, you’ll get to gather a lot of weapons to kill your opponents. Making the right selection for weapons is very crucial in this game. With the right weapons, you can ensure victory to your side. So when you select weapons, you should know in which situation you are going to use them. When you are at the beginning phase of the game, it is not that important which weapon you use; thus gather what you can.

Stay in cover

When it comes to covering ground, stay undercover as much as you can. If you don’t wish to become the victim of a sniper standing on a faraway location from you, it’s suggested that you don’t loiter or squirm around in open areas. Run towards trees or bushes when you detect you are under attack.

These tips and tricks will give you better chances of winning the game over others and help you play more effectively. Also, we suggest you to play on PC instead of Mobile as playing on PC presents a better view and angles while you play.

Starting a Small Business the Millennial Way

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By now, you’ve probably heard the trope that millennials can’t afford anything valuable on their own, be it a car or a house. While there is some truth to this, there’s no denying the massive business potential millennials have. This passionate, collaborative generation has come of age in a most exciting time, mainly one where the formerly-reigning baby boomers are beginning to close up shop–literally.

As the baby boomers begin to enter their golden years, a question of the small business owners among this group is going to transition out of ownership. A 2016 survey shows that 54% of small business owners in the United States plan to close their business in the next ten years. This number comes on top of the 72% who have no real exit plan for closing, which leaves a big question as to who will take their places.

However, what looks like an impending economic crisis is a surprisingly serendipitous business opportunity. One of today’s rising entrepreneurial trends is millennials buying baby boomer-owned businesses. The exciting thing is there are a few massive advantages to this.

First, let’s set the record straight about this fascinating generation of youngsters. Financially, they’re a bit hit and miss. Among all the living generations, millennials are most likely to default on a credit card, with 3.6% of millennial credit card accounts are delinquent 90 days or more. However, millennials also have the most commercial and consumer credit reports available out of all the generations. These comprehensive credit reports can work to millennials’ advantage when looking to buy a small business.

Furthermore, millennials are much more diverse than their predecessors. For example, 87% of baby boomers who acquired small businesses identified as White, compared to a much lower 48% among millennials. This increasing diversity means millennial business owners will be able to appeal to a broader demographic, especially among typically-underrepresented ethnicities like Hispanics, Asians, Pacific Islanders, and African-Americans. A more diverse and inclusive market is likely to produce substantial economic results.

But it’s hard to deny that the prospect of starting a business from the ground up is overwhelming for someone of any age. If you’re a millennial who wants to step into the business world with relative security, consider buying a baby boomer-owned small business. For a generation as saddled with debt as millennials, buying an already-established business usually means you won’t have to worry about any more outstanding debts. Moreover, an established company likely has the reputation, credibility, and proven business models that most startups can’t match in their early days. A bonus is that the old owner will usually advise you and teach you how to run a small business, specifically theirs so that you can make fewer missteps and keep boosting your revenue.

If this business venture sounds promising to you, you’re in good company. Many websites now exist to show companies available for purchase, so you’ll never be in short supply of an opportunity. Just make sure to research all companies extensively, meet face to face with the owners to get a better idea of how you two will gel, and of course, don’t sign that dotted line until you’re sure you have the resources and motivation to give it your best shot.

Creating Emails That Appeal to Millennials

Provide your millennial customers with the email communication they want.

For many marketers, understanding millennials and their values can be a challenging endeavor. But when you consider that 35% of today’s working-class consists of millennials, you no longer ignore the need to market to their needs.

It’s very likely that you’ve hired a few millennials yourself — but the real question is have you adjusted your marketing to appeal to their wants and needs? Millennials are different than the generations before them and that means you need to market to them in a different way.

And that’s a true statement across the board. From investing in digital advertising to improving your email marketing, your marketing methods should keep the needs of millennials and generation Z in mind.

Whether you’re adjusting your cold email strategy or working to build trust and loyalty among your customers, there are a few things you’ll want to keep in mind. In this article, we’ll take a deeper dive into the things you’ll want to consider when using email marketing to reach the younger generations.

Here’s a quick look at what we’ll cover:

  • Why you need to approach email marketing differently for millennials
  • How cold emails can help you reach your younger customers
  • Why everything needs to be optimized for mobile viewing
  • The importance of building trust and loyalty among your customers

Millennials are on their phones at all times of the day. Whether they are at work or hanging out with their friends, the temptation to check their emails and messages is always there.

Why Approach Emailing Millennials Differently

Marketing to your millennial audiences is a very different experience than marketing to the generation before them. But you also have to consider the world we live in today isn’t the same as it was 20 and even just 10 years ago.

Younger generations have grown up with technology and are more connected than ever before. While that may send you into uncharted waters when it comes to reaching your audience, it can be an opportunity to increase your customer reach.

By reaching your customers via email, they can receive your messages and make a purchase from nearly anywhere. They could be at home, but they can also be at the park, hanging out with friends, or even at work. With the help of mobile devices, email marketing lets you reach your millennial customers where they are and at any time.

So if you’re ready to make the extra effort to reach your millennial audiences, keep reading for a few tips to win them over with email marketing.

Email is not a dying marketing tactic. In fact, millennials want to be reached via email in both a professional and personal setting.

Email Tips to Win Over Millennials

Email marketing is not dead, in fact, 63% of millennials feel that email is their preferred channel to communicate with retailers. That means that email marketing can, and does, still work to reach your younger audience segments.

Are you not seeing the email metrics you’d hoped to see when communicating with your customers? Here are a few tips to improve your email marketing and better connect with your millennial customers.

Cold emails are a method to reach out to new customers who have never interacted with your brand before. It’s a great way to reach potential customers, and it turns out it’s one of the preferred methods for Millennials.

Cold Emails Can Still Work When Done Right

The art of cold emails is not lost with this generation. In reality, millennials have stated that email is still the preferred way to reach them at work. That statement proves that cold emails can, and do, still work. It also means that a cold email is much more likely to connect you with a potential customer than a call cold every will.

If you’re thinking about using cold emails to reach your customers, here are a few things you’ll want to consider:

  • Connect with your customers on a more personal level, don’t make it sound like a marketing pitch
  • Find common ground and use that to build a connection
  • Quickly get to the point and let them know what value you can offer them
  • Along those lines, make sure your communication is clear and concise or you’ll lose their attention

Cold emails can provide you with direct access to your customers. It’s important to take the time to learn about each customer’s wants and needs, but can be a very successful email marketing tactic for Millennials.

Mobile devices are now one of the main sources of marketing consumption. Your customers are checking their emails, texting, and shopping right from their smartphones. If you’re not optimizing for mobile, you’re missing out.

Everything Must Be Optimized for Mobile

93% of millennials own smartphones. That means that nearly all millennials are utilizing mobile devices to check text messages, emails, and social media apps.

While it’s been a trend for years now, if you are not thinking in a mobile-first mindset, you’re missing a huge opportunity when it comes to the younger generations. In the digital world, we live in, you should assume that your emails are being read on mobile devices. That means that every single email you send should be optimized for mobile.

Here are a few quick tips on how to ensure your emails are optimized for mobile:

  • Keep imagery clean and simple, there’s no reason to go overboard
  • Responsive templates are a must and will allow your emails to appear correctly on any device
  • Write in short sentences and avoid long drawn out paragraphs
  • Don’t forget to consider that touch screens provide a different clicking experience than computers

Mobile optimization is extremely important in today’s marketing world. Even if you’re not focusing on your millennial and generation z customer base, it’s something that all humans are gravitating towards.

While you might not literally be pinky promising your customers, building trust is a big thing with millennials. They need to feel like they trust your brand and that you stand for something they care about.

Build Trust and Be Transparent About Brand Values

Don’t pretend like you’re something you’re not. Millennials appreciate companies that own their brands. You don’t have to create elaborate marketing schemes to grab their attention, you just have to be yourself and let your brand identify.

Millennials take their time when making purchasing decisions and seek out the advice of others through ratings and reviews. They often want to feel a connection and know what a brand stands for before committing to making a purchase.

Email is a great way to build that relationship and instill a sense of trust and loyalty with your customers. Through welcome campaigns and other targeted marketing tactics, you can warm up your subscribers and turn them into returning, loyal customers.

Email marketing is not dead. Your millennial customers want you to be communicating with them via email, you just need to know how to do it the right way.

Email is a Great Tool to Reach The Younger Generations

No matter what you read, email marketing is not going anywhere. In fact, it’s likely going to continue to be one of the best ways to reach your customers as the mobile world around us continues to change. Your millennial audience relies heavily on email marketing in both their personal and professional lives. If you have not optimized your emails to meet their needs, you’re missing a big opportunity.

5 Things To Consider Before Buying New Doors For Your House

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If you’re looking to replace the doors in your house but you’re unsure where to start then don’t worry, you have definitely come to the right place. Whether you’ve just moved into a new house or you fancy a little bit of a change, you need to ensure you know exactly what you’re doing when it comes to buying your new doors. From measuring the right size to setting yourself a budget, the more prepared you are the better. With that in mind, here are 5 things to consider when buying new doors for your house: 

– What Is Your Overall Budget?

One of the first things you need to consider when it comes to buying new doors for your new house is your overall budget, as this will ensure you’re not spending more than you need to. Whether you’re buying one door or you’re buying ten, you need to be sure you know exactly how much you’re expecting to spend. The best way to do this, of course, is to research the average prices of the doors you’re looking for at several different retailers. It will take some time but you’ll have a much better idea once you’re done. For a guide to setting a budget for home improvements, you can visit this site here. 

– Where Do You Need Them For? 

Another important thing to think about is the rooms that you’re going to need them for. Although you may not need to replace all of your doors at once, you might want to consider whether or not you want to have matching doors throughout your home. If so, you’re going to need to replace all of them. 

– Have You Done All Of The Proper Measurements?

Once you know where you’re going to be using your new doors, you need to measure each and every door frame separately. Although you may think that all of your door frames will match, you may find that one of two of them are out by just a couple of inches. To avoid buying the wrong sizes, it’s much better to measure them all in advance. For tips and tricks when it comes to measuring your door frames, you can visit this site here. 

– What Type Do You Need?

Another thing to consider when you’re looking for door manufacturers is what type of door you’re looking for. With various different options to choose from, it’s important for you to do as much research as you can beforehand. 

– Where Are You Going To Be Buying Them From?

Finally, you need to think about where you’re going to be buying your doors from. Although you may not have many choices locally, you need to choose somewhere that you know you can trust. 

Are you looking to buy new doors for your house? What do you need to consider to ensure the process is as smooth as it can possibly be? Did we miss anything? Let me know your thoughts and ideas in the comments section below.

Measures To Take After Dropping Your iPhone In Water

Are you one of those who have lately dropped an iPhone in water? Don’t panic! This does happen sometimes, but if you act smartly, then you can actually save your iPhone without any difficulty. Several people suffer from iPhone water damage every now and then. While the brand-new generation is water-resistant, it isn’t completely waterproof. Moreover, the feature is not accessible in the most utmost of the iOS devices.

So without molding things, below are some of the quick solutions that you can implement to save your device from water damage.

Remove the device from the water instantly

The longer your cell phone stays sunk, the more possibility it has of shorting out. So it is important to promptly remove the device from water because swift reflexes can make a lot of difference. Also, it actually decides whether your iPhone will exist or die.

Switch it off immediately

After removing your cell phone from the liquid material, you need to switch it off instantly. Due to the conductive nature of electronic appliances, interplay with liquid materials can lead to a short circuit. Apart from this, do not charge and do not connect any other devices with it, until it properly dries. This measure is crucial for saving it from lots of internal damage. 

Wipe the liquid and make it dry

In order to wipe the liquid, use a sponge cloth or paper towel to dab your phone dry. Do not rub the cloth hard, because it could inadvertently force liquid into the phone’s more delicate parts. If the phone was fully sunk, you might try vacuum-cleaning around the phone’s holes and openings to absorb more liquid out. Apart from this, do not allow your device to come in contact with the sun. Also, do not place the device in a container filled with uncooked rice. Pete Turley from Bulldog Mobile Repair says that contrary to popular belief, putting an iPhone in rice after dropping it in water doesn’t help your phone but instead makes the water set into the motherboard. People make such mistakes which in result leads their iPhone to more damage. So always, keep in mind to place it in a cool and dry place.

Leave it to dry for at least 24-48 hours

Do not get over-excited and turn your phone ‘On’ before waiting for at least 24-48 hours until it dries. Install your SIM card in a spare phone in the meantime if you can to assure that you’re still contactable.

Visit the nearest possible store

Unluckily, if you have examined all of the above methods, but still your iPhone is still not answering at all, you should visit a nearby authorized store. They may better help you with it and may further solve your problems.

We hope that trying these measures may help you get your iPhone back to life. That’s just what we have to say regarding the wet iPhones. Now it’s up to you what to do if you drop your iPhone in water.

Career Development Ideas all Millennials Need to Know

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If you are looking to improve your career prospects, it is important to take action and be decisive. There are so many ways for Millennials to improve their approach to business these days, and 2020 is the perfect time to be able to achieve this. It is important to look at what you can do this year to help improve your career options, and this is something that you need to be getting on with right now. 

Make sure you focus on doing as much as possible to improve and enhance your experience, as well as making the most of the opportunities you have. Use these ideas to help you develop your career prospects this year, as well as allowing you to improve and enhance your existing career and business as well.

Become a Better Boss

Becoming a better leader is one of the most important things you can do to develop and further your career. There are a lot of factors that play a role in this, and it is something that plays a part in helping your company grow. You are going to need to do your best to find out about the best leadership skills and use them to try to improve your career. This is so important in so many ways, and it’s crucial that you get this right moving forward as a business owner.

Hire the Right People

Hiring the right people is one of the most important and essential moves you can take to improve your business. A company is only as good as the staff it employs, so it is important that you do what you can to try to get this right as much as possible. Think about the different elements that play a part in allowing you to bring the company more success and the people you hire play a major part in this. 

Increase Efficiency

Trying to improve efficiency is one of the best ways of being able to make the right career decisions moving forward. There are a lot of things you can do to achieve this, and it is important that you think about what it takes to improve your company’s efficiency moving forward, and this is so important to get right. Modern businesses should be looking to utilize things like batch printing in order to gain access to information is a faster and more efficient way, and this is something that you need to think about. 

Save Money

As Millennials know, taking care of your money has never been more important, and this applies strongly when it comes to your career. Investing in yourself is an important step in the process, but you also need to think about the best ways of being able to set money aside. Come up with ideas that are going to allow you to budget for the running of the business more effectively. 

As you might imagine, there are a lot of considerations for people looking to improve their business prospects. There have never been more career opportunities for Millennials than there are today, and it’s important to make the most of this. Make sure you do what you can to improve these ideas and try to make the most of your career right now.

Best Places To Buy Property In South Carolina

South Carolina since it’s formation back in 1729, has been on the real estate investors list. This is mostly because of the geographical location of the state along the Atlantic Ocean. From retired personals to young investors, everyone looks towards South Carolina, for its low cost of living and pristine landscape.

If you are also looking forward to purchasing a property in the state of South Carolina, here’s a list of the best places you should check out.

1. Charleston

You can find properties for every need here. Charleston and its surrounding communities offer everything from luxury waterfront homes to condos and apartments in dense downtown. The city is a little pricier as compared to the median price of the overall state and more suitable for people seeking leisurely experience.

2. Columbia

Home to the University of South Carolina, Columbia is the largest community across the state. One of the major reasons why this city can yield higher rentals is the military installations in the city. Also, there are jobs in the healthcare and education sectors. The city offers highly affordable property options to cater to all communities.

3. Hilton Head Island

Hilton Head Island is ranked as the most expensive real estate in South Carolina. Popular amongst retirees and seasonal residents, this popular vacation destination offers some of the highest returns on rental properties. You can expect around 9-10 percent return on your investment just by renting out your property to tourists during the spring and summer months.

4. Lake Keowee

If you are looking for a home away from all the hustle and bustle of city life, then Lake Keowee is the place for you. With less competition and more options at hand, this artificial reservoir offers some pristine scenic experiences to its occupants. According to Matt Roach from Top Guns Lake Keowee Real Estate, the location offers a variety of recreational activities. One can enjoy, swimming, fishing, and kayaking in the lake.

5. Greenville

The home prices have risen by 8.2% over the past year in the community of Greenville. The community presents interesting opportunities for real estate investors. The city now has more expensive housing in the state with the median home value of $186,900.

6. Sumter

Not everyone desires to own a lavish home. For the ones looking at more affordable options, the smaller community of Sumter offers some of the least expensive opportunities. The median value is well below the state’s average value at $83,300 against $165,500. The city witnessed a whopping 14.9% increase over the years, and further predictions suggest that it will continue to rise by another 9% over the next year.

It’s always smart to partner with a real estate agent who is rated top amongst the local community. This would help you acquire the hottest properties at affordable prices. Although the internet offers some information regarding the properties in almost every region, the local market expertise of professionals cannot be replaced. Investing in the wrong property with no returns on your investment can be avoided with the help of a seasoned realtor.

Ethical Business Ideas For Crafty Millennials

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Starting a small business the best way to take control of your career, gain experience, and enjoy a more flexible working schedule. 

But another fantastic reason to set up your own company is to opt-out of environmentally damaging big businesses and to make your income more ethically. 

As more customers search for eco-friendly alternatives to their favourite products, ethical businesses are becoming increasingly popular, and a lot more lucrative for those who run them. 

So without further ado, here are some ideas for small-business enterprises that won’t do damage to the planet.  

Eco-Friendly Fashion Alternatives

Despite the growing popularity of eco-friendly fashion, it’s still surprising difficult to find ethical clothing options that haven’t been produced in exploitative working conditions, or made with non-biodegradable materials.

But with increasing awareness, the options for consumers are not keeping up with demand – which makes for a lucrative business opportunity!

Second-hand ‘vintage’ clothing can be collected, tailored and sold on websites like Ebay or Etsy, or in independent shops. And for marketing tools, you need look no further than Facebook, Instagram and Twitter to promote your brand and engage customers. 

You can also buy ethically produced, fairtrade and organic plain t-shirts from companies like Boody and Kotn, then customise however you like.

Safer Soap 

The large majority of soaps and cosmetics available in supermarkets are packaged in plastics or contain environmentally damaging substances like palm oil. A lot of these products are also tested on animals.

But ethical soap can be made at home using organic substances like bee’s wax, lye, coconut oil, soybean oil, and almond oil. You can then add fragrant essential oils such as Cedarwood, Patchouli, and Balsams for some extra luxury. 

Ethical soap and other handmade cosmetics are increasingly popular purchases online and in independent shops, and make great gifts for ethical friends.  

Rosin Products  

Rosin is a hard resin extracted from a variety of pines and other plants, which can be handmade and used for several purposes. 

One of the most popular uses of pine rosin is to treat horsehair violin bows. You can extract the resin yourself, or buy raw pine resin online, then complete the process at home.   

Rosin is also used in soap, sealing wax, printing ink, and soldering fluxes. 

If you live in a state where marijuana is legal, you can also extract rosin from cannabis leaves using a nugsmasher. Cannabis rosin can be used in vapes or edibles and has become increasingly popular as an organic alternative to dried marijuana which contains harmful solvents.  

Ethical Treats 

Industrial livestock farming is one of the biggest contributors to global warming, and practices are sometimes cruel or wasteful. 

As a result, organic and vegan diets have become increasingly popular with environmentally conscious consumers, ethical business events, weddings and parties.

There are lots of tasty treats and products you can make to sell to independent cafes, at farmers markets, or to provide as part of a catering package.

Try your hand at making organic preserves, organic wine, vegan cakes, or dairy-free ice cream as a starting point. If you’re a little more ambitious, you could consider a vegan fast-food truck, or ethical catering company. 

And there we have it! Use these ideas as a springboard to find the perfect ethical business idea to make an income whilst helping to save the planet.

Thinking Of Starting Your Own Business? Be Sure To Steer The Ship Away From These Icebergs!

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For many of us, especially the millennial generation, climbing the career ladder can be inherently frustrating. When young people emerge from the world of education and enter the world of work, they often find that the assumed truths on which they were raised wither under the lights of experience. The hard work and endeavor they’ve been conditioned to believe would live to success and fortune are barely enough to get them on the bottom rung. In an era where graduates outnumber vacancies, undergraduates are often being trained for jobs that don’t actually exist. Thus, bright and talented individuals can spend years wasting away in cubicles while their skills atrophy. Is it any wonder that entrepreneurship is an increasingly attractive to young people?

For a number of reasons, millennials make great entrepreneurs. Nonetheless, starting a business, even one with relatively low startup costs is a risky business. If you wish to set sail on the path of business ownership, be sure to steer the ship away from the following icebergs…

Lack of market research

When you have an idea for a business that you’re passionate and excited about, it’s easy to assume that everyone will share your passion. But even if your business mentors, business angels, prospective vendors and everyone else you show your business plan to get excited about your business… Unfortunately, this doesn’t necessarily mean that consumers will.

This is why your business plan needs to be backed by meticulous market research. The qualitative and quantitative data you glean from this can allow you to refine your idea to ensure that it resonates with your target market. If you don’t take the needs of your consumers into account, you can’t expect them to get excited about your brand.

Crippling startup costs

In a lot of ways, applying for startup funding is like applying for a mortgage. Just because you can borrow a certain amount doesn’t mean you should. Securing business startup funding can be tricky and if you are allowed to borrow a large amount you may well be tempted to go for the maximum possible amount you can for the betterment of your business. But this can hobble your new startup with debt.

The repayments and interest rates can place a stranglehold on your cash flow, meaning that it can take years for your business to become profitable.

Under investing

While new entrepreneurs do well to be conscious of the purse strings, they should also be wary of under investing. Under investment in your business can curtail the quality of your products or services and make your life a whole lot harder. If you under invest in outsourced help, you can find yourself doing too much by yourself  and this is a recipe for burnout.

Don’t be afraid to invest in managed IT services like https://www.arnettechnologies.com/ as these are usually much cheaper than managing your own IT infrastructure. Likewise outsourced HR and digital marketing can also generate significant returns on your investment.

Assuming your customers’ loyalty

Finally, as dangerous as it is to assume “if you build it they will come”, it’s even more dangerous to assume that they will come back. It costs a great deal more to attract a new customer than to retain existing customers. Make sure that you offer a rewards system or loyalty scheme that incentivizes customers to return to you rather than taking a chance on your competitors.