MODERN START-UPS
5 things you must do within
your first year in business
to succeed
By Alan Manly
T
he first twelve months in
business is the best time to
refine habits that will lead to
your long term success. Celebrating
the success of the startup’s launch
should be followed by an awareness
that not only will this time be exciting
but the opportunity you sought to go
out on your own and be successful
must not be wasted. Don’t wait for a
year to see the results. Review your
businesses success after the first
three months and then in an ongoing
16 ModernBusiness
July 2016
manner. The trends will always
be there to indicate what needs
immediate focus. Don’t forget that
not only is the business a “startup”,
so too is any entrepreneur when
running a new venture. So, how can
you ensure survival after the first
year? Here’s 5 bits of advice:
KEEP NETWORKING
Your new status as an entrepreneur
walking the walk will give you new
found gravitas. Some may have
seen you as more talk than walk.
Now others with experience will
take you more seriously. Exploit this
opportunity to talk to those who you
think could give you some advice.
Ask them broad questions about
paying tax for instance. Always
get conversations going. These
conversations with your new “fellow
travellers” should lead to further
discussions that will allow you to
tap into their years of experience.
Further opportunities open when, as