4 Basic Steps To Starting a Business
1. Change Your Orientation
Regardless of whether you wants to start a small business or a large one, you must first of all get the right mindset and fire up your resolution before you steps on two basic research needed to be done. 1. quest is the idea you want to venture, please make sure this is sourced from your talent or gifting. 2. learn about the industries in an attempt to identify problems and the opportunity to exploit. If you have a background in finance, for example, and you wants to start your own small business, the first step is to learn about the industries. This provides a fresh perspective and allows you to identify problems that might go unnoticed by people in the industry and capitalize to create the change people need. Research anything and everything. You never know where the gold business idea and opportunity may originate.
2. Build a Business Plan
Once a problem is identified, create a business plan in such a way that it adds value and solves the problem. For example, if you a background in buying and selling, maybe you successfully identifies a problem in the neighborhood or environment. It will be extremely needful for you to create a plan that will state the problem you want to solve, how you want to solve the problem, who are your target, how to approach them, how much you need and how to source for the money etc. The business plan needs to specifically outline the problem and the proposed solution.
3. Talk to Customers
After identifying a problem in a specific environment and creating a business plan that can potentially solve it, validate the idea and business plan. It is wise to identify the potential customers or client that your product or services will help, while doing this you will need to know their buying style, location, categories before you conclude on your packaging and price. This will definitely help you to discover which best of medium to sell your product or services
4. Financial Plan.
The final step it to calculate how much you will be needed for the business by preparing your budget and cash-flow, you will need to know how best to cut cost to increase your profit and how to raise the fund needed. To best achieve these four basic step in one month and with 100% assurance to commence that business thereafter is taking the rear advantage offer by Seun Ashimolowo with E.COM program. E.COM is a four weeks program which contain just 4 days lectures and 20 days practical steps. You can book a personal section with him and he will give you a professional support to start that business. that wise step will prevent you loosing your investment. You can contact him here
