By Evan Vitale
A common scenario among startup businesses is the idea that things seem to be moving a little slow in terms of waiting on startup funding.
Slow and steady wins the race. If you are waiting on funding or for another situation to unfold, there’s little you can do when the ball is in someone’s court. Believe me, they aren’t delaying decisions to keep you from sleeping at night.
Here are a few things you can do to keep your startup vision alive and to prevent from being discouraged:
- Make sure all your plans are finalized and in place when startup funding comes through. For example, if you need to secure office or warehouse space, start looking for it now. Finding business space is an important decision and it takes a lot of time.
- Will you be hiring employees or additional staff to your startup? If so, start writing your employment advertisements and decide where (and when) you’re going to start asking for resumes. This is an extremely important step for any startup company.
- Unfortunately, many businesses have failed simply because the owner could not hire and retain good help. Sometimes, the search for those with specialized skills is going to take up a lot of your time.
- When startup funding becomes available, will you need to purchase computers and other required equipment in order to run your company efficiently?
- You could also begin to craft some ideas for your startup website, secure necessary social media networking accounts for your company and consider talking to a designer for development a logo for your startup followed by ordering business cards, letterhead, etc.
There’s no need to spend any money on the aforementioned steps before funding is secured. However, since time is on your side, use and spend it wisely to solve other tasks for your startup.