Tips For Starting A New Business in Process Control Machine Automation

Tips For Starting A New Business in Process Control Machine Automation

Tips For Starting A New Business in Process Control Machine Automation

Are you from Process Control or Process Instrumentation or Automation background?

Do you have necessary experience?

Do you want to start a new business?

Do you want to be a freelancer– your own boss?

Then we have Tips for Starting a new business in Process Control Machine Automation

Starting a small business can be both difficult and rewarding. We are here to make it successful.

If you’ve thought about opening your own business, you might have begun to look for advice. There are so many tips for starting a new business out there that choosing which ones to follow can get confusing.

As an experienced entrepreneur with a proven track record, I can tell you that there is no perfect formula for starting a small business. From my experience, I will tell you building blocks may be similar but the way of doing business is always unique based on various conditions, criteria, goals, etc. 

So, I’ve compiled a list of tips for starting your own business that will avoid pitfalls & you will enjoy creativity.

Tips For Starting A New Business in Process Control Machine Automation

Detail Planning or making smart decisions using your common sense earlier on, the better chance your company has for success. If you have an entrepreneurial idea, try these ten tips.

1. Why start a business? 

Why start a business

Believe in I want to start a business & nobody can stop me. 

Let’s face it, being your own boss is scary. In most cases, new business owners have a lot to lose with little insight into their chances of success. Worrying about the risks of business ownership is normal. But, excuses only slow you down from reaching your goals. If you really want to start a business, you need to address the reasons you think you can’t start a business and get rid of them. Find a solution to the issue rather than let it hold you back. Excuses shall become building blocks instead of stops

2. Own the Decision.

Own the Decision

When it comes to things that have to do with your entrepreneurial goals, be a good receiver. As you learn, start to work out the idea in your head. Write things down. Keep notes from all the resources you come across to develop a detailed plan. Planning is key to success.

When you tell people about your startup, read their body language. Be a patient listener. Don’t ignore the power of advice from experts and veteran business owners. These folks know first-hand what does and doesn’t work. Smart entrepreneurs learn from the mistakes other business owners have made.

3. Be a solution provider

Rather than starting your idea with what to sell, think about what it will solve. You have to find your Niche based on your knowledge, skills, contacts in related customer base, financial capacity.

For example, Process Control Machine Automation is a very vast filled.  You want to work in which area?

Understanding your motives will help you create a brand and market your product or services. Know what problems your target customers face and how you can solve them.

4. Keep focus

As a new business owner, try to start small and narrow your focus. Learn how to test your business idea. Create a simple, quality good or service. A successful business idea should fulfill promises to customers and exceed expectations. The business wheel must start rotating in zero weeks to bring motivation.

Cut unnecessary features that water down your offerings and cost you money. As a small business, you don’t need all the bells and whistles of a giant corporation. It will be easier to add to your business as it grows.

5. Ensure how to make everything techno-commercially viable.

Ensure how to make everything techno-commercially viable

For Process Control Machine Automation business it is a must-have techno-commercially viable bid. In many cases, the engineer starts a business he is commercially weak. 

Any technical scheme must work on paper.

Do not ASS-U-ME

List All Costs- pen it down.

Please make a separate list of variable costs & fix costs.

Less profit is OK but ensure that you are not making a loss.

Do consider site expenses if the end customer is not local

See money is spent as per budget & payment collection is done timely. 

6. Know the legal requirements for starting a small business

Starting a business is exciting. Laws are not. But, you need to understand the rules that come with opening a business. If you fail to follow government regulations, you could face steep penalties.

From forming a legal structure to set up an accounting system, you must follow laws. You need to register the business with your state. You must also take care of business-specific tax liabilities. And as you hire workers, you need to follow employment laws.

The rules that apply to you depend on your state, business structure, and industry. 

7. Run a business for 1000 days & I assure you that you will be successful.

You may come across all sorts of ups & downs in the first 1000 days. If you are able to sell through it then you are successful.

Keep a close watch on Money Cycle.

Do not ASSUME instead Verify it.

Take a partner into confidence for every decision. While convincing him you may come across mistake which you can promptly correct.

Avoid fire fighting by proper planning

8. Concentrate

I am totally against running a parallel business along with salaried income. 

It is unethical

It dilutes concentration

It develops wrong practices in yourself

It impacts passion negatively

I believe in one assignment at a time. I myself left a job & started the business. I feel I become successful as business was only generating bread & butter for my family

9. You have to Market your business

In my opinion, sell is the backbone of any business. Good idea not sold has zero value.

You have to talk about your business 

You have to showcase your achievements

You have to share your success

You have to find new customers

Repeat orders are a sign of building relations

Be Techno

Conclusion

Passion with Commonsense is the key of business

One of the most important ingredients in a successful business idea is passion. Passion will consistently drive you to improve your process so your business grows. It keeps you motivated.

Be passionate!

Follow passion with persistence.

Take help of experts like ours.

Keep a close eye on finances.

Add Value to customers

Take decisions that are customer-centric.

Sense customer needs & provide affordable solution

I am sure the above points will keep you on track.  Ensure balance in the case of problems.

Be assured we are there to help you & stand firm

We Wish All the Best in your Venture.

I am making my intention clear through this note and I hope you will help me with my endeavor by spreading the word 🙂

Like I always say, the first Plan & then make it happen. You get the unending happiness of creativity. 😉

P.S Since you have it made it this far, it might as well give me a follow on your favorite social media. You can find me here:

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