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8 Simple Hacks For Low Budget Startup Entrepreneurs

8 Simple Hacks For Low Budget Startup Entrepreneurs

Startup entrepreneurs should be aware of the risks involved starting their own business. Money plays a big role in the success or failure of a startup. In fact, 90% of startup entrepreneurs are expected to fail.  But does this mean that you shouldn’t chase after your dream?

There are simple, yet cost-effective measures that low budget startups could adapt in their business practices. Here are some effective low budget hacks that entrepreneurs could start to implement.

1. Build a solid content online

Quality content makes a huge difference on how a company is perceived online. Content has been considered the king for quite a while, and there’s no sign of it changing soon. Low budget startup entrepreneurs should start investing on an effective content strategy to get the attention of their niche.

This simple, yet effective strategy has been proven to build a company’s reputation. It can also potentially increase your conversion, while attracting the right people.

Is it cheap? Hiring content creators may not be as cheap as you expect. Big companies are even willing to pay $100 or more for high quality content.  For low budget startup entrepreneurs, they could start building their own content. Using tools such as Grammarly.com, the content can be proofread even without the help of a professional copywriter/editor. If not, they can hire online freelance writers to get the job done. Freelancers offer a budget friendly solution to this type of concern.

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2. Delegate the simple and mundane tasks

It is a common mistake by startup entrepreneurs to micromanage and perform mundane tasks. Startup entrepreneurs could save more money if they focus on the more important tasks in their company.

So who should cover the simple and mundane tasks? If you don’t have the money to hire new employees, you can start having a virtual assistant to get things done. For some businesses, they also allow on-the-job trainees to be part of their organization. On-the-job trainees are young college graduates or students who are trying to gain experience in a relevant industry.

3. Invest on a modern and responsive website

Whether or not you have an office or a physical store, it is imperative to have a modern and responsive website for your startup company.

A responsive design allows the user to have an optimized view of the website in different devices. This type of design responds to the viewing space that is available.

Now that 48% of mobile users start using the internet on search engines, Google has decided to adapt its algorithm to this trend. Aside from providing superb user experience, responsive websites are given an edge on Google. This type of design increases the chance of landing on the first search result page.

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4. Study the industry/market well

As rule of thumb, every startup entrepreneur should never get into something that they don’t know.   Investing in an unknown niche increases the risk of failing.

Market research is something that businesses of all sizes shouldn’t forget. By performing a study in your industry and market, you’ll be able to determine the startup’s potential. Is there a demand? Who are our competitors? Is the market already saturated?

5. Branding consistency

Branding is your key to be easily recognized by your audience. An effective branding strategy can help get the message across effectively. Small businesses should be able to understand the value of using consistent designs. Branding isn’t just your logo. Branding is also about the voice, colors, fonts, and even your website’s layout.

6. Develop a social media marketing strategy

Social media has leveled the playing field for a lot of businesses. Even small businesses have been able to get the same exposure as their larger counterparts, thanks to the use of social media. And the good part is that it can be used for free.

With over billions of accounts floating around in different platforms, social media should never be ignored especially by small entrepreneurs. According to one study, consumers tend to buy products from brands they follow (64% of Twitter users and 51% of Facebook users).

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But of course, not all social media campaigns can yield positive results.  To maximize the reach and engagement, it is crucial to learn some effective social media marketing strategies. This includes establishing the right type of voice to balancing the promotional and non-promotional posts.

And of course, you have to understand that the social media platform algorithms are also changing. It has been a concern among social media managers when Facebook changed the way people see posts from pages.

The average reach of Facebook publishers in 2015 is only at 2.27%. On the other hand, in 2012, publishers organically reach 16% of their fans. This only means that small businesses should also consider sponsored posts, to help boost their reach. But more importantly, it is imperative to reevaluate the content shared on social media.

7. Take the customer feedback seriously

You may have heard Steve Jobs downplay customer feedback saying that customers have no idea of what they want until they have seen it. But for startup entrepreneurs, keep in mind that word-of-mouth advertising is still among the most effective means of advertising.

Word-of-mouth advertising can either help or destroy your business. For a virtually unknown brand, it is crucial to get as many people to recommend your products or services. In fact, 84% of consumers say that they trust recommendations of either friends or family when it comes to products. Same is true for online opinion made by consumers.

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So what should you do if you are faced with a negative feedback online? This is where startups need to have a protocol on how to manage negative comments and reviews.

8. Analytics

Every startup entrepreneur should consider the numbers. Analytics provide startups a reality check, whether or not they are doing the right thing. For starters, check the social media’s engagement, and reach. Compare which posts have the highest reach and engagement.

Next, look at your site’s traffic. Are you hitting the expected number of visitors? If the numbers are met, are you really hitting the demographic? For local businesses for instance, it is important that the searches come from the area where they operate.

Conclusion

Becoming a startup entrepreneur can be a struggle. The lack of capital can definitely play a major role how your business operates. But the lack of funds doesn’t mean that you should forget about your dream. Today, there are many ways on how you can run your business even if you only have minimal funds. It is about how you make use of your available resources to your advantage as a startup.

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Published on January 7, 2021

How To Train Yourself When You Lack Attention To Details

How To Train Yourself When You Lack Attention To Details

Some people see the trees for the forest, and some see only the forest, meaning they lack strong attention to detail. But even if you’re one of the people who take a macro rather than a micro view, true professionalism requires balancing both.

If focusing on the fine points is not your forte, you will benefit from training yourself to pay attention to details. You will profit by saving yourself time, effort, money, and credibility.

Why Training Yourself in Attention to Details Pays Off

You add value to your organization when you make the effort to ensure that you performed your work thoroughly and effectively. This is why job postings often list “attention to details” among the required skills.

When you present your supervisor or client with well-completed, high-quality work the first time, it maximizes your value and minimizes wasted time. Detail-oriented people are also more adept at catching mistakes that could lead to costly blunders.

Moreover, attention to detail is an indicator of possessing other in-demand employee qualities, such as organization, thoroughness, and focus. In some professions, such as accounting, engineering, medical research, and more, you can only excel if you have trained yourself to pay attention to details.

In other professions, possessing strong attention to detail is the very quality that will get you promoted to a position where you will be asked to consider the big picture.

Finally, if you are the “go-to” details person, everyone else on the team can relax a bit. They know the project is in good hands and will likely throw you more projects as a reward. This will ultimately lead to your advancement.

3 Important Aspects of Becoming More Detail-Oriented

Here are the 3 important things you need to learn if you want to remedy your lack of attention to detail:

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  1. Respect deadlines
  2. Understand the work-flow plan
  3. Build in time to mess up

1. Respect Deadlines

Deadlines lend all projects a finish line. One smart idea is to take the given deadline and work backward from it, calculating when your piece of the project is due. Then, if you stick to the proscribed schedule for completing the mini-projects that you have, you will never miss a deadline.

One important note on this: It is smarter to stick to the deadline and turn in work that merits a “B+” than to blow the deadline with “A” work. Chances are, through revision and suggested changes from others on the team, you can bring up your B+ work to an A later. But if you disregard deadlines, you will lose the respect of your boss and fellow teammates.

2. Understand the Work-Flow Plan

Your team is developing work in conjunction with other teams who have projects and deadlines of their own. When you grasp the whole work-flow plan, you may be able to either add insight to the greater project or to your own smaller piece of it that others at the firm will consider valuable.

3. Build in Time to Mess Up

You can expect that “what can go wrong will go wrong.” Don’t overpromise on deadlines. Something likely will mess up, but when it does if you built in the time to fix it, those around you won’t freak out.

Chances are, you already give your attention to several details. Take heart. You can do this! You can overcome your lack of attention to detail and become more detail-oriented.

For starters, consider this: Most people take the time and put in extra effort into the activities or undertakings that matter to them most. Training yourself to become more detail-oriented can mean adopting a similar pattern of behavior.

Apply the same attention you give to your appearance. Are you a meticulous dresser? Do you pay attention to how you pair patterns and colors, and how you accessorize a particular outfit?

This is the same system to use when you lack attention to detail with your work. Give every item careful consideration so that each one contributes to the perfectly pieced-together whole.

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Assemble the ingredients the way you do when you cook. Cooking and baking from scratch require close attention to details as you measure and add each ingredient in sequence, and you time everything so that the meal comes together at the same time.

Similarly, your work product requires you to gauge whether all the ingredients have been added and that your final product is delivered on time.

Organize your business network like you do your social contacts. If you follow a broad base of friends and acquaintances on social media, you can apply similar skills to stay up-to-date on details associated with business acquaintances.

When you meet somebody who could be influential to your career or a resource for improving your skills, follow that person on social media. Respond to their posts to keep the lines of communication flowing.

12 Tips to Help You if You Lack Attention to Detail

Teaching yourself to take note of important details involves sharpening your perceptions and thinking ahead. The following tips will help you adopt these practices. Master these habits when training yourself to become detail-oriented.

1. Learn to Listen Well

You will pick up relevant information and needed nuance when you apply the skills of active listening. In conversations, train yourself to make eye contact, give your undivided attention to the speaker, and ask pertinent follow-up questions.

Training yourself to pay better attention to details in conversations includes learning to fully concentrate on what others have to say. If you find it hard, there’s no harm in taking notes on what they say.

2. Pay Attention to Social Cues

Make a point of noticing body language and facial expressions that provide insights into how others perceive a situation. Social cues offer details that give you an understanding of how words and actions impact others. The infamous character Michael Scott of the television show “The Office” epitomizes the consequences of not paying attention to others’ body language.[1]

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3. Follow Rules

Rules and protocols usually come about from lessons learned and are put in place to avoid further mishaps—whether from a safety or efficiency standpoint. If you’re given step-by-step procedures to follow, check them off as you go. Also, return to the rules at the project’s end just to make sure you adhered to them all.

4. Take Notes

Note-taking is a way to boost your retention and gives you something to refer back to when you need to keep track of pertinent details. You will also heighten your focus as you listen for relevant information. Review your notes shortly after the meeting or conversation and highlight the content that you intend to apply.

5. Prioritize What Needs Your Attention Now

When you have a full slate of work that demands your attention, take a few moments to sort assignments from most to least urgent. Keep a calendar, spreadsheet, or project planning software up-to-date with schedules and deadlines to help you stay organized.

As you tackle each urgent assignment, give it your full attention so no details are missed. Give yourself ample time—especially if you tend to be someone who waits until the last minute—as rushing can make you overlook important details.

6. Have a Detail-Oriented Assistant Check Your Work

If you lack attention to detail, then it makes sense to seek help from someone detail-oriented. If you have this option, take advantage of it. Two sets of eyes are better than one. Just be sure to credit your assistant for their help once the project is completed.

7. Learn the Rules of Writing Well

English is a difficult language, and grammar, punctuation, and spelling can all sabotage you unless you pay attention to detail. When in doubt, look it up. Free to use website services such as Grammarly can help.

8. Proofread Before You Hit Send

Nothing is perfect in its first draft. If you lack attention to detail, then put in the extra effort before submitting things. Before you send off any written work, check carefully not only for misspellings and incomplete sentences but also for improper tone, inappropriate colloquialisms, and inconsistent formatting. When your written communications are error-free, they will have their intended impact.

9. Minimize Distractions

It is impossible to stay focused when colleagues carry on conversations nearby or your mobile notifications ding you throughout the day. Do your best to limit distractions.

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If you are working where there is a lot of noise or side activity, try wearing noise-canceling headphones or seeking out a quiet corner. Disable your notifications when you need to focus, and resolve to only check them after you have completed your assignment.

10. Take Breaks

It may sound counter-intuitive to stop and take a walk, but it’s necessary. Walk away from the screen. Moving from one task to the next across the span of your workday is a recipe for brain fatigue. Give your brain a recess time when you come to a natural stopping place or after you complete one project and before you start the next. These short pauses are necessary for sorting through all the details needed for coming up with successful solutions.

11. Make Time for Reflection

At the end of a workday, take a few minutes to go over the day’s events in your mind. What was said or relayed in conversations? What is the status of the projects you worked on? What else occurred that you should pay attention to? Could there have been any details you might have missed that you should address tomorrow?

12. Keep a Detailed To-Do List

This simple organizational tool is your best ally for getting your work done on time and for paying attention to the details. If you are pressed for time (and who isn’t?), write your list to coordinate with dayparts.

Allot a certain number of hours to complete each task, do it, and then check it off. Nothing feels more rewarding than completing all the tasks on your list. But if you can’t finish them, then carry them over to the following day.

Final Thoughts

Details may seem small, but they can become a lot larger when they are overlooked. If you know you lack attention to detail, commit to training yourself to embrace the many facets that can help you consistently excel in the tasks you set out to accomplish.

When you begin to catch your mistakes in advance or apply the tidbits of information you gathered from paying close attention, you will know that you have trained yourself in the fundamentals of becoming detail-oriented. After that, you should start hearing the phrase “Great job!” more often.

More Tips on Boosting Your Attention to Detail

Featured photo credit: Cristina Gottardi via unsplash.com

Reference

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