Starting a business for the first time can seem like an almighty challenge and it’s easy to become completely overwhelmed by the many things that you could or should be doing. So here’s a few tips to help you on your way…
Research, research, research
Researching your market is key. Having an awareness of who your competitors are, the kind of customers you are targeting and a rough understanding of your unique selling point will only get you so far. So do your research! Secondary research doesn’t cost a thing and while you’re studying here you can access heaps of business resources, like Mintel and COBRA, all free of charge. If you’re not sure where to find them then come and ask the enterprise team and we’ll point you in the right direction.
Have confidence in your idea
Not every entrepreneur needs to have the persuasive personality to succeed, but you do need to have courage in your conviction and be confident that your idea can benefit the marketplace. If you are passionate about your idea then this will show through no matter who you are talking to.
Grow your networks
The word networking tends to frighten people off, but it doesn’t have to mean standing at the front of a room and talking about your business to a huge audience. You are in the enviable position of having an enormous network of students, academics, entrepreneurs around you, so look to them for support. If you’re not quite sure how to find like-minded individuals then come along to one of our networking coffee mornings and we’ll make the introductions for you.
Take advantage of the facilities on offer to you
Here at the University of Hertfordshire we offer you a whole host of enterprise activities and support services. So, if you just want to explore your ideas further or you actually think you want to you launch your business right now, we can help you with any stage of the start-up journey.
Make a start
Don’t be afraid to take action. Make the most of this opportunity to trial your business in a safe and supportive environment. Come to one of our Enterprise Bootcamps, where you can hear from previous students who have attended our events, benefitted from the Incubation Centre space or taken a self-employed placement year. Their experiences will likely be the ones that can provide you with the most realistic picture of launching a business for the first time.
The UH Entrepreneurs Society are only a few clicks away, so take a look at their Facebook page and get in touch to see how you could get involved. They’re always on the lookout for new members to inspire and grow their society, so they’ll no doubt welcome you on board with open arms.