10 tips for starting a business
Starting a business is probably something everyone wishes to do at some age.
But the most important thing is to decide what you want to start with.
Deciding the field of your business is something that would put you up in a maze.
So choose only what you really like to do. Something that you are really good in. Once that is done you need a lot of planning and structure to make your business grow.
• Tap your network- Use your network, your friends and families. Tell them about your business. Ask them to tell their friends and families. This is the best way to let the people know about your business.
• Find start-up funds- You need to first find your funds for the start-up. Before you plan anything else you need plan and figure this out.
• Use your experience- Take ideas and thoughts for your previous work. All business techniques are the same but need different implementation.
• Plan for longer hours- Make sure you plan your work hours more than expected. It's a new start, there might be times when work load may be more as it is a just a new start-up.
• Have a backup plan- You need to have a backup plan for everything that you do. The market is changing and you never know what course it might take.
• Do what you love- Make sure you do only what you love. It is the only thing that will survive and let you survive even when everything else has fallen apart.
• Start your business while you're still employed- Do make sure you start your business while you are still employed. This is help you take care of the expenses at least for the initial start.
• Don't do it alone- Always start-up something with someone. It might have not worked for your friends or family, but that doesn't mean it might not work for you. It is important to divide the tasks and have few more people to work with. It makes things easy.
• Get clients or customers first- Before your start and leave your job, find few clients first so that you know you will have some income in the start. It is like a train, once started, it will go well.
• Few more tips
Write a business plan.
Do the research.
Get professional help.
Get the money lined up.
Be professional from the get-go.
Get the legal and tax issues right the first time.
Avleen Kohli is a freelance writer and has a growing interest in the Finance News in the business market. She also has keen attention on the growing need for Small Scale Business.
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