Starting your own business

Many people would like to put up their own business someday. If you are thinking of having one be ready first with an overview on the process of starting one.

First: You have to assess first if you have what it takes to be an entrepreneur. Do you have the traits and mind of a businessmen?

Second: If you think you have what it takes to be entrepreneur ask yourself also if you have a business idea that will make it.

Third: After you have come up with a great business idea it’s time to do some research on your market.

Fourth: Plan your business. Write a business plan – this will put solidity to your ideas.

Fifth: Register your business and organize it. Register with government agencies concerned with your business. Organize your space and staff.

Sixth: Finance your business from your personal savings and if you don’t have enough get help from families and friends or consider taking a loan.

Seventh: Produce your initial product or put together a list of services.

Eight: Launch your business and manage it well.

What do you think? Does it sound easy?

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Published in: on November 11, 2008 at 3:46 am  Leave a Comment  
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