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Discussion in 'Starting a Business' started by williamjames732, Feb 25, 2013.
I want to know what are things to remember when someone start a new business.
Before start a Business get to know how much capital you invest. And how much return you can get. How will you promote your brand or services, to the people so that people get to know about your business or services, Follow your competitor,
This is very broad question and needs detailed explanation which might not be possible. You can ask about particular areas you need help with and others can suggest things to you accordingly.
Doing a business is very challenging thing. Business involves lot of disciplines like marketing, selling, manufacturing (In some cases), handling finance, operations, logistics, legal formalities etc.
There are many things to be done simultaneously. When you are starting a business the first thing would be thing about a viable business you can do and would like to do. Next you can think about how you would get started. How much investment you would need, where you wold get finance from and returns you expect.
You can start working on these and ask about other things as you come across it.
If someone has a solid business plan & unique business ideas. Where he/she can apply for a business loan at the start up business..?
williamjames732 you will get a better response if you post a new thread for your question. When posting again please include a little additional info, such as what state or country the business will be based in.
I got it Fergal.
What kind of things you are looking for. For starting up any business, it is important to be financially strong, next thing you have to be concerned is on which business product or services you are interested in starting up the business. Do a wide research about the business you are about to start. find your competitors. Make it promotional and reachable to people in a right way to succeed in your business.
before starting any business you must focus on many things budget, How you promote your product or services to the people, study your competitor.
Once you've got your business plan together, you really should take a look at ChooseWhat.com. It has a step by step guide to help you set up your business.
Get a good marketing team. Your business may not mean anything if people don't know about it.
That's a good point by ibankmarketing also choosing right name for your business and check that name so it don't clash with some other businesses.Find a good location to setup your business.Put a tick mark on all licenses And permits.
There are many points to remember when you starting a new business like:
Finance or Budget
Good business plan or Ideas
I have studied about incremental model used for designing software.It has 4 stages:
2.Design and Development
I think these 4 steps can also be used to setup a new business requirement part can be used to get things like budget,area,licenses And permits
Design and development can be taken as designing the structure of the business.
In testing section we can take feedback from others by showing the model of our business.
And finally if everything goes well it's time to imply it.
Before starting a new business, you should analyze the business worth. You also make sure that you have enough capital to start this business. You should learn some marketing tactics before star a small business.
This link is also very helpful http://www.businessadviceforum.com/showthread.php/48247-20-Questions-Before-Starting-business
For starting the business,
1.we should first know the demand and supply of the market.
2.The investment amount
3.if any type of loan needed,take the complete information and clear all formalities.
4.make your goodwill for future investments.
5.make good relations with the people which will help you to promote your business.
Before you start your business your must have proper plan regarding what services or products your are going to provide , whats your budget and which market are your targeting.
Data Management! Don't be afraid of it. It's integral to business growth. There are plenty of ways for the independent business owner to manage customer, sales, and operational data without expensive software. I will provide free advice regarding small business data management. Just post a question on my Facebook page. Good luck, entrepreneur.
In my opinion, you should start thinking if what type of business you want to do and who are your target market. Describe your business and how it can serve your target market. I think that's the best way to start your business.
Thanks for your advice guys!!! Now I want to know how to write an effective business plan..?