By: Issa Asad.
The creation of a telecommunication business can be tricky and require a significant amount of work.
“However, if the steps are done in the correct order and an adequate amount of effort is put forth, the business can be making money in no time,” says Issa Asad, Coaches Canada’s Featured Life Coach.
Issa Asad has shared his 5 steps to start a telecommunication business. With the following five steps, things will move along smoothly and you can begin making money.
Create Your Business Plan
What products will your particular company sell? What are the goals for the immediate future and what are the more long-term goals you wish to set? Success will be easier if you have the route planned out before you start work.
Creating the business plan is impossible without having a very clear idea of the product to be sold and the best way to reach the consumers.
Create a Proposal / Apply for a License
Once you decide on your focus, it is time to create a proposal for your telecommunication business that shows your mission statement, your goals and slogan. You also should have a business projection included in the proposal. Next, you need to create a name and apply for a license for your business at the local clerk’s office. Get an employer identification number from the IRS web site, and you can then proceed to the next step.
Seek out Financing
Now it’s time to find financing for your company. This can be tricky, as a telecommunication business may not be something backers are currently interested in investing in. However, as with any business, there is an institution out there with low interest rates that will finance a new telecommunication business, if it fits their expectations.
This is another area where research will be important. The local chamber of commerce may be helpful in this regard. They can steer you toward any local investors who prefer to help with businesses like yours.
Interview and Hire a Sufficient Number of Employees
Start small when it comes to hiring employees. Initially, you will do the lion’s share of the work, so plan on 10 employees at the most. They can help balance the load and fill out the number of hours you hope the business will be in operation when you cannot cover them all yourself. Once things are progressing, then you can judge the appropriate number of employees to add to the staff to keep things on an even keel.
Create an Advertising Campaign
Finally, it’s time to brainstorm the best methods of advertising your new company. Previously, a great method was to take out an ad in the phone book for the area. Now, the phone book is becoming obsolete. Do a survey of the media in your area and their effectiveness, and then debate the benefits of newspaper versus radio advertising. If these methods aren’t ideal, look into popular local websites, contact the chamber of commerce in your area for ideas or possibly wage a mail campaign and send out leaflets letting area residents know your company exists. Lastly, look into advertising your business on the Internet through popular search engines such as Google, Yahoo, Ask and Bing.