Plan ahead before you start a business. Check some considerations like your time and effort, who will handle your business, etc.
If you are currently employed and planning to start your own business, you need to consider a lot of things. It could be your time, staff, resources, location, kind of business, etc. But you need to know the basic things before you start your business.
Employee to be an Employer. Know the basic things before you start a business.
Here are some tips that may help you organize your business.
1. Planning
You need to list down your priorities. Make at least top ten (5) items. You can consider the below suggested list:
1. Family
2. Work
3. Church
4. Hobbies
5. Hangouts
These are the examples that you may set up in the stage of Planning. Why? Few of them may have a big impact in achieving your target. First, Family? You should consider some emergency funds, Educations and other things. Next, Work? It involves time. It maybe divided, depending on how you manage it. Third, Church? Yes, This is part of your life. Exo 20:9 Six days you shall labor, and do all your work, Exo 20:10 but the seventh day is a Sabbath to the LORD your God. On it you shall not do any work, you, or your son, or your daughter, your male servant, or your female servant, or your livestock, or the sojourner who is within your gates. Exo 20:11 For in six days the LORD made heaven and earth, the sea, and all that is in them, and rested on the seventh day. Therefore the LORD blessed the Sabbath day and made it holy. Forth, Hobbies? All persons should enjoy life. Last, Hangouts? Good to hangouts with Friends. Sometimes it generates idea and leads for business opportunities.
2. Capital
Where can I get my Capital? You need money to run your business. If your Capital is not enough for your target business. Check some ideas like Bank Loan and other legal means.
3. Manpower
Who will manage my business? Since you are busy or currently employed, you need somebody to handle your stuff. You should check the possibilities of hiring someone or some supports from your love ones. In case of government requirements and reportorial thing, you should engage into Accounting Firm or Accounting and Management Consultant. They can help you ease your burden and you can focus more on Achieving your Profit or Sales Target.
4. Brand Name
Branding is very important in any business. It should be promising to your target customer. This is your "Voice" what they really expect from your business. A Catchy brand name would attract customer's perception and impression. Ask somebody if your brand name is good or not. Make a survey.
5. Kinds of Product or Services
Is it Food or Items that you want to sell? or Services? If it is a food, make a free taste, it could be a week or months to get the approval of your potential customers. Don't rely on friends, maybe they don't want to hurt you and they might say "okay, it taste good", unless you heard from them the word "but".... it means they are really concern. You can ask different kinds of person. Their personality, if your product is for fashion, you can check their style.
These are only 5 Tips. Just to help you more, you can check the Location, you can make some feasibility studies. Ask some supports from your family to do some studies about your plan. If you won't receive any response from them, you can consult to some well experienced or expert persons to check your target business.
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