Does any beginnerunderstand what it takes to be an entrepreneur? Oh well, it is good that you are reading this now because soon, I will simplify this enormously.
Let me quickly What thing genuinely motivates you or ‘gets you out of bed in the morning’? What do people need? Maybe it is something that is fun like baking cakes or fixing computers and laptop. However it would be good if it falls in to a category that interests you or that the audiences would want.
Next, do some homework. Think on the question for a moment, is it likely that someone else is already conducting this campaign at the moment. If they are then you how can you be different? Maybe it is because your cakes contain lesser oil or your computer repair service is faster. This allows you to define or recognize the market.
Now, write a plan. This does not need to be big or complicated. It is sufficient to list activities significant to a business, these being what you would like to do, to whom, how, and profit in the process, and what is required to begin. This is referred to as business plan; If only it was like a chart, and one can just follow it.
Then, think about money. Is there a minimum that needs to be invested in it to start? Are you in a position to apply the money than has been saved? Do you wish to convince someone to either become a partner and invest in your business, or to take up a loan? It might be that you use a small amount and increment it over time. I also recommend that you incorporate a financial strategy also, so you will know where you are going to get the money needed for expenses and how much you can anticipate to receive.
Let me quickly What thing genuinely motivates you or ‘gets you out of bed in the morning’? What do people need? Maybe it is something that is fun like baking cakes or fixing computers and laptop. However it would be good if it falls in to a category that interests you or that the audiences would want.
Next, do some homework. Think on the question for a moment, is it likely that someone else is already conducting this campaign at the moment. If they are then you how can you be different? Maybe it is because your cakes contain lesser oil or your computer repair service is faster. This allows you to define or recognize the market.
Now, write a plan. This does not need to be big or complicated. It is sufficient to list activities significant to a business, these being what you would like to do, to whom, how, and profit in the process, and what is required to begin. This is referred to as business plan; If only it was like a chart, and one can just follow it.
Then, think about money. Is there a minimum that needs to be invested in it to start? Are you in a position to apply the money than has been saved? Do you wish to convince someone to either become a partner and invest in your business, or to take up a loan? It might be that you use a small amount and increment it over time. I also recommend that you incorporate a financial strategy also, so you will know where you are going to get the money needed for expenses and how much you can anticipate to receive.
