If you are starting a business in your garage and you hear a few people laughing, remember these five entrepreneurs who started in a garage and moved on to the Fortune 500:
Regardless of whether your business is the next Fortune 500 company or simply one that dominates locally, this is at least a place to start. Along the way be prepared for resistance and unbelievers. While your idea and plan may not be perfect, there is no doubt that those who have achieved little will NOT be the best resource for advice and counsel.
While this infographic may only scratch the surface, it is a reminder to stay hopeful. Everyone along the way has doubts and misgivings. Hopefully your team and support system will empower. It starts with focus to be the absolute best ... what are you best at?
1. Develop a business plan and a vision for the brand that you are passionate about
2. Along with a team of dependable leadership, spend weeks and months listening to the needs and wants of your customers
3. Focus on the corporate culture, “a blend of the values, beliefs, taboos, symbols, rituals and myths all companies develop over time”, as well as the vision and personality (logo, dress code, etc.) of your business
4. Look for improvements so that you can meet and exceed your customers and employees expectations
5. Test new theories and practices to stay ahead of your competition
6. Develop a marketing plan convincing customers to purchase your products or services over your competitors, by making your product more valuable or unique than your competitor’s product
7. Increase profits and income
The AISBX is a new securities trading licensed platform under the supervision of the AIFC. The objective is to support SMEs to gain more access to international capital market funding resources and complete the capital funding ecosystem.
A mission statement can be a powerful tool to help ensure your company remains consistently excellent and focused. It is your "why" - it's why you exist. Your strategy. Your core. Your vision. Your identity. Your culture. And it can steer you toward success.
Are you working out of your garage, in your bedroom, a motel room, or a friends space that they aren’t using on the weekends? Listen, it happens. We all have to start somewhere – the big thing is that you started. So many people have had ideas for companies and just sat on them because taking that initial leap is too risky – but you did. And you’re in good company.
The heroic story of going from somebody’s garage to being worth billions has got to be one of the most compelling tales within entrepreneur and startup folklore.