If you’re thinking of going into business for yourself after the pandemic ends, you’re not alone. According to the Peterson Institute for International Economics, the number of startups in the U.S. increased
by about 24% from 2019 to 2020, and the number of new businesses similarly rose in other countries around the world.
Whether these new businesses are rising out of necessity or
existential boredom during long periods of quarantine — or both — they can result in great ideas and lasting financial success for those lucky enough to have a good entrepreneurial idea and the drive to follow through with it. If you are thinking of
branching out from the nine-to-five grind into the world of entrepreneurship, there are many right ways and wrong ways to go about it. Follow the tips below to set yourself up for success from the start.
1. Offer a Niche Service or Product That Would Do Well in a Post-Pandemic World
Many businesses have shut down during the pandemic, but many other industries have
grown. Consider what people are spending their money on now that they are staying home and
ordering their food, clothes, groceries, household staples, and medicine at a higher rate than before. Online retailers, delivery services, and any business that makes life at home easier would be in higher demand than, say, an arthouse movie theater and café.
2. Establish Your Online Presence
Before you launch, you should build an attractive website that shows potential customers and clients which products or services you provide and how they can easily purchase from you. Creating a brand identity and working your personal story into your marketing to facilitate a better connection with your potential clients can mark the difference between startups that fail and those that succeed. Talk about your business’s mission and your personal goals for your work. Think about bringing into your biography how the pandemic shaped your business experience as well as your decision to venture out on your own.
What web platform you choose may depend on the web design talents you do or don’t possess. Some options offer intuitive website-building templates for beginners. If your online presence needs help but you don’t personally possess the skills to expand it, consider hiring Easy-Click Web Design to
help you put together a website, a few social media accounts, and most importantly, a narrative that drives the story of your brand.
Here’s an added tip: As your business expands, you may branch out by offering other products or services. If these new offerings do not fit your current business name and brand, you can circumvent having to create an entirely new business altogether when you
file a DBA name. This literally allows you to ‘do business as’ another name, which can be a great tool for branding, especially if you’re looking to establish an online presence separate from your main business’s.
3. Organize Your Finances and Your Employees’ Paychecks
Pay your employees and contractors on time and with a safe method like a same-day digital deposit. Take the guesswork out of payday by using an
automated system that calculates paychecks on its own, among other crucial accounting functions. The right service can connect your payroll and employee’s schedules to a mobile app for both iOS and Android devices to ensure that everyone is on the same page.
Becoming an entrepreneur can be exciting as well as challenging as you are forsaking the comfort and stability of a regular job — though if you’ve already been laid off or furloughed due to the pandemic, you may feel as though you have nothing to lose by starting a new business. Either way, when you put together a solid business plan and establish your virtual presence, you will be well on your way to success! Explore Easy-Click Web Design’s
small business tools and services today.
