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Do what you love. You're going to devote a lot of time and energy to starting a business and building it into a successful enterprise, so it's really important that you truly deeply enjoy what you do, whether it is running fishing charters, creating pottery or providing financial advice.
Start your business while you're still employed. How long can most people live without money? Not long. And it may be a long time before your new business actually makes any profits. Being employed while you're starting your business means money in your pocket while you're going through the business start up process.
Don't do it alone. You need a support system while you're starting a business (and afterwards). A family member or friend that you can bounce ideas off and who will listen sympathetically to the latest business start up crisis is invaluable.
Get clients or customers first. Don't wait until you've officially started your business to line these up, because your business can't survive without them. Do the networking. Make the contacts. Sell or even give away your products or services. You can't start marketing too soon.
Write a business plan. The main reason for doing a business plan first is that it can help you avoid sinking your time and money into starting a business that will not succeed.
Topic starter
Posted : 25/09/2009 6:55 am
Re: hou to start a bisiness
Hello,
thanks for sharing this tips.
This is very useful for us.
Posted : 24/10/2009 9:03 am
Re: hou to start a bisiness
Hello to all
Thanks for sharing some valuable tips
1.Many of us start our own business due to the following reasons
Good business idea
Favourable market
To be your own boss
2.Research and development will help your business in the following ways:
Developing your business idea into a commercial product or service.
Establish whether there is a market for your product or service.
3.Compile a personalised list of starting-up tasks and access resources to help you complete each one.
Business name
A bank
Finance
Tax & record keeping
Premises
Working
People
Insurance
Promotion
4.Launching a business involves risk. Businesses are vulnerable to failures during initial years. Most of the failures are due to the following mistakes.
The mistakes are mainly:
No market research
Lack of efficient planning
Cannot foresee competition
Competition
Lack of controls
Wrong people
Thanks for sharing
Posted : 31/10/2009 3:42 am
Re: hou to start a bisiness
Hi..
That is really good idea and articles related the staring of the business point of view..
Nice thought and its really good for any beginner to start the business...
Posted : 12/11/2009 12:20 pm
Re: hou to start a bisiness
Hi,
I think you should start at a smaller level first as if you do something wrong, you could take care of it then and there without much loss.
Frankly speaking, it needs funding and you must be prepared for that first.
Getting clients is another big issue as most people rely on their existing customers and it would be great if you make a deal with a company at your terms but it takes time.
All the best. Hope this information would be useful to you.
Regards
Ben Thomas
Posted : 21/11/2009 6:38 am
Re: hou to start a bisiness
choose a right product at a right time,:p
Posted : 21/11/2009 11:36 am
Re: hou to start a bisiness
Hello
Thanks for sharing such useful information with all. These will help all in starting their business. Please keep sharing more and more in the future.
Have a great day
Thanks
Posted : 23/11/2009 1:58 am
Re: hou to start a bisiness
When starting a new business, one should check how many same or similar companies are in the same business and observe their productivity and strategies for a while before starting your own.
Danny Archer
Posted : 03/12/2009 8:03 am
Re: hou to start a bisiness
yes, that is called modeling . this is quite important to have revenue model for start up 🙂
Posted : 04/12/2009 6:25 am
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