Hi,
This is an excellent website and congrats to all involved. I hope to both learn and contribute to the forums in the future.
This is my first post, I am about 1 year into my start up business idea which is very similar to what you have in mind.
I co run an energy consultancy company in the west of Ireland. We specialise in compliance with new energy regulation. This is a mix of air tightness testing, desk based certification of energy use of buildings, thermography and energy audits for commercial and residential clients.
The economy in Ireland has gone from 6% growth to 1% growth in the last
year as we are having a construction recession so my timing wasn't the
best but I am still in business!
There are a few fundamentals where I found it quite challenging.
1. Cash flow: Cash is king. It will take a while for your business to gather momentum and get sales so you need to ensure that you have sufficent capital to meet these lean times. Also leave some for the rainy day.
2. Draw up a business plan and go through it with a good accountant. Try and stick to this plan and use this account to do a regular check on things every quarter.
3. Marketing: People need to know you exist. Existing relationships are the cheapest way of getting business but you should also consider the advice of a PR company and have a budget for marketing etc.
4. Know your business: In these times you need to know your business. Use your own house or friends houses before going out and selling your service. You may have done all the training but its no harm to try a few houses first to hone your skills. It suprising the different challenges you meet and you will learn. You have to throw your self into the market eventually but no harm to be nice and sharp when you get there.
I hope this helps.
Chey.