Planning to start a business?

★If you want to expand your wealth and income in life and eager to start a business but wondering what and how to start it?
GO ON..

○More than a capital, a business requires a good IDEA inorder to operate for long run.

○Choose the background and nature of business according to your idea and the business you want to do.

○Think  different and creative from other entities in that line of business to attract the market and plan accordingly.
For example if you want to start with a coffee shop, you can go for coffee shop cum book stall to grab the customers of both lines of business at one place also the concept seems to be different which also attract customers.

○Capital is not a major issue as that can be arranged from any close related parties like relatives, friends, family, well wishers as in terms of loans and borrowings.

★But if you are not sure what business you really want to start with than
FURTHER GO ON..

○Do a survey and observe which business is popular in the area where you want to setup your business.

○Aim the group of customers you are seeking for.
For example: If you want to start a Coffe Shop, you need to choose the location where the public gathering is more or can easily get attracted such as college area, shopping area, and so on.


★Other essential factors to run your business:

●Promoting and advertising
●Management of staff
●Control on cost
●Customer feedback
●Power of bargaining in case of retail business
●Customer handling
●Correct planning and execution
●Market trends
●Competitors and rival actions
And many more.


NOTE: THE ABOVE ARTICLE IS MAINLY FOR BEGINNERS.

Categories: Entrepreneurs