5 Success Tips for Starting a New Business at the Lake in 2018

The Lake of the Ozarks business environment is thriving! With many new ventures starting up and a strong base of existing businesses, it's the ideal place for you to start a new business. With ample resources readily available, your new venture can get up and running in no time! Our Lake Area Chamber of Commerce loves to help new businesses get up on their feet and help to establish their brand in our area. With business resources available, we would be honored to be a part of your business plan, as you start up your new business in 2018.


1. Promote Your Brand

As soon as you establish a business name and logo, it's time to start promoting it! Get a head start when it comes to building your brand to help bring awareness to your business. Consider which advertising methods you are going to use and start getting your message (and business name) out there!

2. Prioritize Cash Flow

There is plenty of upfront costs associated with starting a new business, therefore getting the cash flowing is of high importance to your success. From marketing to business location start-up costs to ordering supplies, you have an overhead that needs to be paid down as soon as possible. Drawing people into your business to start making money should top your list of importance.

3. Creatively Reduce Costs

You may not have a ton of cash readily available upfront. This is where you can minimize costs by getting creative. Consider finding used furniture to design your space. Another way to reduce costs is to think about starting your business out of your home to get on your feet and reduce the number of upfront funds needed.

4. NETWORK!

We can't stress this one enough, networking is FREE and the ideal way to make business connections at the Lake of the Ozarks. People like to do business with others they know, so get out there and get familiar with new faces! Regularly attend networking events at the Lake of the Ozarks and socials throughout the area.
Helpful Tip: Don't expect to make sales AT networking events, it's a great time get to know other businesses in the area and help to familiarize others with yours.

5. Get Involved

Community involvement is a perfect way to shine a positive light on your new business venture at the lake. Just like with networking, it helps you get to know others in the area, but it also shows you and your business are dedicated to the Lake of the Ozarks area. This can help build rapport with fellow business owners and other residents of the area.

Our area is a great place for a new business to grow. With major highways intersecting near the lake and a variety of airport around the area, transportation for your business can be a breeze! The thriving economic environment makes for ease of cash flow and sales. Our sense of community makes living at the Lake of the Ozarks comfortable, especially if you plan to relocate your family. We have an extensive health care system, fantastic school districts, and a booming housing market, making the area an easy choice.

Contact Your Lake Area Chamber Of Commerce!


Lake Area Chamber Of Commerce                           Like us on Facebook
#1 Willmore Lane                                                      Follow us on Twitter
P.O. Box 1570                                               Connect with us on LinkedIn
Lake Ozark, MO 65049                                             Follow us on Google+
Location: Lake Ozark, MO 65049, USA

Comments

Post a Comment

Popular posts from this blog

13 Fun Facts About The Lake Of The Ozarks

Image
The Lake of the Ozarks is famous for being a popular tourist destination in the Midwest. It has been well known for many years, but since it was recently named the Best Recreational Lake in the Country, the Lake of the Ozarks has been gaining increasing fame and popularity. At the Lake Area Chamber of Commerce , we consider ourselves extremely fortunate to know and love this unique area as more than a summertime destination - it's our year-round home. This week, we wanted to take a moment to help you learn more about this great location we are privileged to call our home. Even if you have lived here your whole life, you might be surprised to learn some of these interesting facts! Fun Facts About The Lake Of The Ozarks 1.   Bagnell Dam was built from 1929-1931. It was a beacon of light during the Great Depression, providing thousands of jobs to workers in the region. 2.   At the time that the Lake of the Ozarks was completed in 1931, it was the largest man-made lake ...
Read more

5 Networking Statistics You Can't Ignore

Image
As the modern world becomes increasingly digitally focused, traditional forms of communication are becoming lost arts. Many business professionals - especially the Millennial generation - tend to favor texting, email, and social media over phone calls and, in some cases, in-person visits. Despite the many conveniences it offers, however, modern technology will never be able to compete with the power of face-to-face communication. Since our March  Lake of the Ozarks business networking social is next week, we thought it would be appropriate to take this opportunity to share with you some eye-opening statistics about the power of in-person networking. The numbers speak for themselves! 5 Face-To-Face Networking Stats Source: Hubspot 95% say that face-to-face meetings are essential for long-term business relationships. 85% of professionals say they build stronger, more meaningful business relationships during in-person meetings and conferences.  77% of professionals...
Read more

Join Us for Member Connect Every Wednesday at 9am via Zoom!

Image
One of the fantastic resources the Lake Area Chamber of Commerce presented during the pandemic was our weekly Member Connect video calls. We're thrilled with the turnout and productivity that has happened during our weekly calls. Check out the details of our Member Connect calls and hear testimonials from some of our participants! What is Member Connect: Join us on Wednesdays at 9 am to connect with our Chamber Team and your fellow Chamber Member peers. Each week we discuss current challenges and share resources that are available to our members. We’ve been delighted to welcome several various community leaders to share the latest updates for our community as well.  Please use the registration button below to get registered today! Member Connect Testimonials: "As a part of the member connect I have been able to connect area businesses to what we at Lake TV have going on for the community and also how they can help reach clients for their business thru our platforms. Helped gi...
Read more