Tuesday, 6 August 2013

Guide to Your Own Business


Guide to Your Own Business

1.     Start with an idea

2.     Get the fund

3.     Research the market

4.     Develop and plan

5.     Find partners and suppliers

6.     Set up your business

Start with an idea

Thinking of starting up a business all starts with an idea, something very realistic that you can turn into a product or service

Find local support, including help with developing business ideas

Get the fund

You will need to explore different sources of business finance from the bank loans to government-backed schemes.

Where loans are not accessible, I will advise you start-up in small phase doing daily commodity or services.

Research the market

In very business line, one of the major things to identify is your potential customers. Find out who they are and start a pre-marketing practise.  Talk to them and find out if your idea is in line with meeting a real need


Develop and plan

To test your product or service with real customers, make changes, and test it again. Keep doing this until you are sure there is a demand for it.


Find partners and suppliers

In the course of the business development, you will need to think about whom you are going to work with to develop and sell your idea and figure out the best personnel is essential.


Set up your business

Work out this concept with your team and structure out what is right for you whether you want partner with other people or not.

Success is Sure, :) 

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