How to start your own business issues part#1
Hi Folks , several of my student ask me about how to start her own business
from small or from big one . but they are confusing with several fenomena , and i always
told them with anythings that i will tell you in this article.
You have a great idea, and you wonder why no one thought of it before.
Before you start fi lling out loan applications or renting offi ce space, ask
yourself some tough questions – and be prepared to do your homework.
1. Do you have what it takes to be your own boss?
To manage a successful business, you’ll need:
Passion for your idea and the ability to communicate it to others.
Motivation to develop a plan and to work hard to carry it out.
Problem-solving skills.
Multi-tasking skills to handle a hundred details at once, as well as develop and manage your business strategy.
Self-confi dence: trust in your decisions and people skills.
Flexibility to recognize and adapt to change, opportunities and unforeseen developments.
Ability to sell yourself and your products or services.
Persistence to see your idea through.
2. What’s your vision?
Why do you want to go into business? Is it to follow your passion, take control
of your life and career, achieve infl uence and success, or become fi nancially
independent? How would a business help you achieve that? How do you
expect things to look three years down the road? See “Building Your Plan,”
3. Who might want to buy your product or service?
It’s all about people. Your decisions on everything from product to price to
location need to be based on the characteristics and needs of your potential
customers. See “Defining Your Market,”
4. How would you manage financially?
You may need money to pay for offi ce space, supplies, equipment, inventory
and to cover your personal income needs, perhaps for a year or more. See
“Finding the Money,”
5. What do you need to know to run a business?
Think multi-tasking: you will have to manage your space, inventory,
suppliers, fi nances, marketing and correspondence. Even if you hire
professionals to help, you will need to understand enough of what they do to
oversee their work and apply it to your situation. See “Learning the Ropes,”
6. How would a business aff ect your personal life?
The first three years in a new business are usually defi ned by a steep
learning curve and long hours. Many business owners put holidays and
personal plans on hold until they become established. Good organization,
clear boundaries and the cooperation of family members are critical to
success. See “Finding the Balance,”
Most of them is a big problem for newbie in business area, and also you need some analysis called SWOT analysis , that really important if you wanna starts your own business . i always get more question
of i have been tell anyone about what im write above. but dont worry , i will tell you more detail.
so stay tune with my free article .
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Yup. You need a good solid plan before you start up a business. But you forgot to mention that if you plan to long, you’ll only be putting it off and never accomplish anything unless you put the plan into action. Nice article by the way. Keep it up!
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