2020: it’s the year that will always inspire a grimace whenever it’s mentioned. Still, regardless of what’s going on in the world, 2020 could be your year. Have you got a progressive business idea, product, or service to offer? Then what are you waiting for? Don’t let outside influences stop you from launching a business in 2020. Here are five tips for doing so.

Seek Affordable Premises

One of the most significant costs that budding entrepreneurs face relates to their business premises. That’s why serviced and virtual offices could be worth considering. Rather than spending a fortune on a prominent shop front or CBD office space, you can opt for something both convenient and affordable.

Serviced offices allow you to pay one all-inclusive fee for a workspace. Rather than worrying about a pile of bills coming in every month, you can access all the business services you require at one convenient cost.

Sometimes, though, you might not even need a physical space. Could a virtual office suit you better? Enjoy a professional business address, call-answering, and mail-forwarding service, all while you work from the comfort of your abode.

Advertise Appropriately

When you’re a new business, it’s easy to get caught up in advertising anywhere and everywhere. However, a targeted approach might be better-suited to your venture. Think about who could benefit from your products and services, and find out the best avenues of reaching those people.

For example, social media is a valuable market as it allows you to target specific demographics and set a budget that works for you. The results you see are also measurable, making it great for tracking your metrics.

Create a Business Plan

You might have all the motivation and time in the world to start a new business, but do you have a plan? Every startup needs a business plan, as it forms the foundation of what you do, both now and in the future.

There are two plan options: a traditional business plan, and a lean startup plan. In it, include your mission statement, products and services, information about leadership, details about employees or contractors, and your location.

Have the Right Tech

It’s a well-known fact that entrepreneurs tend to work longer hours than employees and take fewer vacations. Being aware of the potential for burnout can put you ahead of the curve. Save time and make your working week easier by having the right tech from the beginning.

Invest in software and apps that can streamline processes, and outsource tasks where possible to virtual assistants. We’ve got some incredible technology at our disposal, so make use of it.

Ask for Help

Launching a business at any time can be stressful, emotional, and exciting all in one go. It’s easy to find yourself overwhelmed and in need of someone just to tell you that it’s okay. So, one of the best pieces of advice that anyone can give you is that it’s okay to ask for help.

The year 2020 has been transformational for everyone. Some people have lost jobs, and other people have created them. Regardless of the driving force behind your decision to launch a new business, you don’t need to go through the process alone.  

If you have decided to launch a new business in 2020, then congratulations. Now is your time to shine. Create a business plan, seek out affordable premises, and get ready to become a success. There’s no time like now to prove to yourself that you’re capable of more than you think.