Founders and CEOs face a plethora of challenges when they first startup. Building a remote work management team, raising startup capital, starting a marketing program, finding early customers among other things. Starting a new remote startup is a very daunting task.
Wouldn’t it be brilliant if someone gave you a “to do” list when you were deciding to start a business? However, most startup founders will tell you that are no shortcuts when launching a startup. You must do your homework to better understand your customers, competitors, risks, and market conditions. Nonetheless, there are a few principles that can help you along the way. We all have different startup backgrounds, however, these do’s and don’t can help anyone. Whether the business is remote work or not.
Don’t sell, try sharing
People are far more interested in hearing you speak when you are sharing knowledge and your experiences to help them solve problems. Try focusing on being interested in them, don’t worry about being interesting. It is astounding how people are interested in you when you are paying attention to your clients’ needs. The consumer market buys from those they like, trust and identify with. Establishing a rapport creates that credibility and trust. Never forget, it is about the relationship, not the sale. Especially when operating a remote business as it can be difficult to create a connection with the customers when you face to face with them.
Hire the right remote work team
Intelligent hiring is an incredibly important factor to get right in order to attain the long-term success of the business. Furthermore, CEOs shouldn’t be reluctant to terminate those employees who just are not working out. Here are a few key points to consider when hiring an employee:
- Does the employee have the necessary skill set?
- Is the employees be entrepreneurial and nimble, or are they accustomed to being in a slow-moving corporate environment?
- Will the employee adjust to your company’s culture?
- Is the employee be adaptable and able to play multiple roles within the company?
- Does the employee display a passion for the startup?
- Has the company been able to obtain credible positive references?
- Will the employee add to the diversity of the company’s workforce?
- Is the employee smart and quick thinking?
- Will the employee work well with other team members?
These factors are all the more necessary to consider when hiring remote workers. Remote workers need to be on top of their game, as adjusting to remote work can be a tough change.
Build a Great Remote Work Product But Don’t Take Forever to Launch
You need to make a solid product or service that attracts customers from the get-go. It has to have some meaningful and important alterations that differ it from your competitors’ offerings. Don’t linger to get your product out in the market, as early customer feedback is one of the best ways to help improve it.
Launching a minimally viable product is a necessity these days. For remote start-up founders, this can be a great way to introduce your startup and product to the market.
Be aware of important legal issues
Ignoring essential legal issues can be the reason for failure for a startup. CEOs and founders need to ensure that their company is taking an initiative in order to comply with applicable laws. Here are a few key legal points that need focus:
- Is the company properly organized?
- Has the company complied with applicable securities laws in issuing stock or options?
- Does the company have appropriate policies in place to prohibit sexual harassment or discrimination?