Nowadays, some people with a capital on hand would tend to right away jump into a venture armed only with ideas and ideals, maybe. In the course of the operation, they struggle on how to sustain their business, let along thrive in the ever-competitive market.
Aside from having the financial backup, are you emotionally prepared for the ride? Have you done sufficient planning? Yes, when starting a business, know that there are a lot of things that you have to consider. Apparently, one can’t just start on a whim and then expect everything else to fall into place along the way. Every aspect and detail must be carefully scrutinized with feasible contingency plans in case things get derailed.
An article from bizjournals.com adds:
The economy has no room for lethargic business owners and executives. Innovation, competition and expectations are increasing exponentially. There is no viable steady state business model. Every business must improve constantly — or atrophy to a point of extinction.
Plan-Do-Check-Act/Adjust(PDCA) is the one business process that all companies need. It is reliable, tested and trusted. Like most habits, it is easy to live with after sufficient reinforcement.
Another important business aspect that you should not overlook is your location. A smart marketer knows for a fact that ‘location is everything’. A good place to position a business like law or lobbying firm or an industry trade group would be Washington DC owing to its proximity to the federal government. Businesses in ‘The District’ are known to thrive even during recession; somehow they manage to minimize the risk brought about by national economic downturns. Hence, you can consider having an office space in Washington DC as a vital component in your business development.
Metro Offices can assist your need for an office space Washington DC locals and visitors can easily access. We have three offices for you to choose from in the DC area namely Metro Center, Farragut Office Center and Connecticut Avenue – all complete with the amenities and useful technology you need so you can efficiently operate your business and deliver your service well.
(Article Excerpt from The one business-improvement process all companies need, Washington Business Journal, June 6, 2014)