What Is The Most Efficient Way To Start A New Business?

what is the most efficient way to start a new business?

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Podcast by Eddie Eastman
CEO Startup Streams

“We are here to kickstart your ecommerce ambitions by providing you with a range of ecommerce stores in the most popular niches whilst providing you with a fully functioning business complete with products to sell saving you time, money and effort in the process."

Podcast by Eddie Eastman
CEO Startup Streams

“We are here to kickstart your ecommerce ambitions by providing you with a range of ecommerce stores in the most popular niches whilst providing you with a fully functioning business complete with products to sell saving you time, money and effort in the process."

You can start a business quickly and easily

Being a serial entrepreneur means that you are always strapped for time. However it doesn’t mean that you can’t start up a new business. Listen to this episode of the Startup Streams Serial Entrepreneur Podcast to learn how to start up your next business in the most time efficient way possible…


The benefits of efficiency when starting a new business

When it comes to starting a new business, efficiency it key. It puts you in an advantageous position to develop and progress smoothly and quickly. But how can you implement the best systems, to be able to simplify and automate your business operations, right from the start?


Break down your business

First of all, you need to understand your businesses key processes. You need to break it down to have a better view on your business. From there you can find any potential bottleneck in your business flows, and make an adjustment early.

You want to understand how the orders are made? How do you get a sustainable supply of products? What kind of platform do you use to sell online? How long will the order be until your products arrived in your consumer’s hands? How many hires do you need? These are the kinds of questions you need to ask yourself at an early stage.


Maximising hires

Now you don’t want to waste your time micromanaging your business. You need someone to help you out and get the max out of it. If you can afford it, it may be best to hire someone to take extreme ownership of the day-to-day operations. Especially when you have multiple businesses on the go.

When you are hiring, make sure your candidates are the right people from the very start. You want to be assured that they can do their tasks well in a designated period of time. This will make you feel at ease to delegate tasks to your hires. The more organised, task and goal oriented they are, the more efficient your business operations will be.

But be careful. If you have any doubt in your hire’s tendency for attention to detail and organisational ability, you will tend to micromanage everything, and this will contradict your act to start a business as efficiently as possible from the start. So hiring the right operations person is a must, to avoid micromanagement.

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Automate as much as possible

Another thing to consider for efficiency is migrating as much manual labor to digital automation as possible.

There are many platforms online which can help you to do this. Ecommerce platforms like Shopify can help you to manage stock and automate your business operations easily as you can keep all of the data and statistics in once place. What’s more, there are many platforms which integrate with Shopify’s APIs so you can link your favourite Saas products straight to Shopify. As an example, you can link Monday.com, a tool you can use for product and team management, straight to your Shopify store. When an order comes in, the details can be automatically updated in monday.com and you can then delegate to a member of a team. They will then get notified by email that a new order is in and they can update the workflow to let you, and the rest of the team, about the status of each order. You can also make use of the built in gantt charts and calendars, as well as many other useful features.

Another great automation tool is ITTT. This stands for “If this, then that”. You can use this online tool to to set automatons through many Saas services and other online platforms. For example, you can set rules and responses. I can say “If an email comes in, do this acton” or “If a new Shopify order comes in, do this action” etc… In other words, it helps to automate processes which once were annoyingly done manually.

To summarise this point, it is necessary for your business to simplify as many repeatable and simple tasks as possible - no matter if they are big or small - by doing any kind of automation process. The compound effect of even saving seconds on each regular and manual task will save you a lot of time, gifting you more time and attention to spend on other key business needs.


The most efficient way to start a business: Buy a pre-made starter store

Did you know, you can buy a brand new business for sale. This saves you all of the setup and launch processes needed to start a new business. And, it just so happens that this is what we specialise in here at Startup Streams.

What’s more, we understand that you as a serial entrepreneur, need a business to be as super efficient as possible. We have addressed this by making sure that all of our stores come with digital products for you to sell. This means that you never need to worry about product inventory and all product fulfilment is 100% automatic. The customer gets their new product instantly and automatically. Easy.

Make sure you check out our previous podcast “Why is selling digital products better than drop shipping?” to find out more about the advantages of selling digital products online.

If you want to find out more about Startup Streams pre-made businesses for sale, head over to  startupstreams.com right now to discover dozens of ready-to-grow businesses for you to buy today.

And to help with your efficiency, we will make sure that we make your next business for you, within 24 hours of purchase so that you can be in business by this time tomorrow. Truly efficient.


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