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6 Steps To Starting A New Business:
1. Create A Business Idea
2. Business Registrations and Tax Revenue Services
3. Business Working Systems.
4. Methods of Starting A Business.
5. Business Marketing, Demand and Exposure.
6. Business Networking and Client Building.
How To Start A Business Company
The Hardest Part of a New Startup
is the First 2 Years
1. Thinking Out The Box
Businessmen divide into 3 primary categories... Those that think local, those that think regional, and those that think global... Technology is rapidly changing and we are all evolving closer... Opportunities will only come if your small business is found.
Businessmen divide into 3 primary categories... Those that think local, those that think regional, and those that think global... Technology is rapidly changing and we are all evolving closer... Opportunities will only come if your small business is found.
The internet is the best platform to showcase your product regionally, globally and cost efficiently. Social networking is a great way for any new small business to gain online exposure.
“Business is
About Being Found”
2. Asset Building
You would be surprised how
much 'will and determination' will progress you. Purchase and prioritize your asset list. Do not offer services out of Your Current Scope of Work.
3. Client Building
This is a great indicator that the foundation of your business is strengthening. As your startup acquires more clients you will find the confidence of your staff increasing as well.
Shy away from extravagance.
Employees cost money hence develop efficient Working Systems. Each employee must earn and bring in his worth. Prioritize your
spending according to your working systems.
“More Working Systems = More Income”
More working systems = more money...
What are Business Working Systems?
An office or Shop front is an essential part of any small business. A business base so to speak. If a business
cannot afford a small portion rent then it should not exist. Trust and Professionalism are also maintained. People spend when they feel secure and see value for their money.
1. Would you utilize your product if you had stumbled upon it?
2. How would you stumble upon it?
3. What is the long term sustainability and feasibility if you invest in this product?
“If
The Idea is Good,
Money
Becomes Another Given Variable”
Pre Startup spending carries the highest
risk of failure.
For example... There's no point forking out 500K for a restaurant if your clientele are the less fortunate hard working citizens with 0.05K in their pocket. Target your customers according to their unique needs while providing value for both your monies. Failures make you smarter only if you learn from them.
For example... There's no point forking out 500K for a restaurant if your clientele are the less fortunate hard working citizens with 0.05K in their pocket. Target your customers according to their unique needs while providing value for both your monies. Failures make you smarter only if you learn from them.
Learning from others failures saves
you a lot of time and money. Another example is… There is no point running your small
Startup at an operating cost of 20K a month when your sales are 23K per month hence making
a minimal 3K profit/turnover at full steam.
(K=Thousand 1000)
7. Never Undervalue Your Achievements...
Always Ask Yourself - How Does Your New Startup Idea Make Money While You Sleep…?
To Start Your Business - Follow Our Successful 6 Step Guide... Youtube - Create Your Startup
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Article by: createAstartup Staff
To Start Your Business - Follow Our Successful 6 Step Guide... Youtube - Create Your Startup
This email address is being protected from spambots. You need JavaScript enabled to view it.
Article by: createAstartup Staff
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