Starting a business !

Discussion in 'Starting a Business' started by keymike, May 23, 2014.

  1. keymike

    keymike
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    Every startup owner or entrepreneur need to plan out before they embark on their business journey in this competitive world. It is not a day, a week, a month or a year thing where you could just hit upon an idea out of nowhere and establish a brand overnight !

    There are some common groundwork to be done :

    What kind of skills do you acquire to be able to run your own business ?
    What should be your business ?
    What is your market scenario?
    Who your competitors are ?
    How do you brand your business ?

    Peter Drucker , world renowned management consultant quotes that “the entrepreneur is always searching for change, one which he would respond to and exploit it to the extent that it serves as an opportunity for him.”

    So ponder over these questions and when you get the answers , you would be in a better position to achieve your goals.
     
    #1 keymike, May 23, 2014
    Last edited by a moderator: May 25, 2014
  2. Mark T

    Mark T
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    Additionally, you should set your business goals effectively - don't forget the SMART concept in creating your goals.

    Specific..
    Measurable..
    Attainable..
    Realistic..
    Time-Bound..

    Regards,
    Mark
     
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  3. Aleena

    Aleena
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    Hi Mark
    I think that's very practical approach all these factors matters the most. If any of these factors have been missing it becomes difficult to manage and run a successful business.
     
  4. vithura

    vithura
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    Before starting your business need to do many back work.

    - Who we are, what we do(Mission)
    - Why we do for, after some year what position will be(Vision)
    - You may be known this, there is always room for improvement. This time this is good, after words that may be worst. Change is the only thing we can't change. So try to do our best for this time.
    - After starting your business, try to create your business as brand. you can post your business in Pepagora for your brand.
    - Customer retention is more important than customer satisfaction.

    I hope this may be help.
     
  5. Anjali-Sharma

    Anjali-Sharma
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    What kind of skills do you acquire to be able to run your own business ?
    What should be your business ?
    What is your market scenario?
    Who your competitors are ?
    How do you brand your business ?

    Yes, these things are really need to look up when you are planning to start a new business. But after your business successfully set up, you should keep on focusing these things as this will help you to grow your business ad make it productive.
     
  6. infinityweb

    infinityweb
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    Hi guys, Glad to see this post. Starting a business is not always an easy start.There are a lot of factors to be considered, skills to be readied and things of value to be invested. That is why it is always imperative to always look at the future - what, where, and how the product or service is to be going. Be ready with innovation and more opportunities for the business to come ahead.
     

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