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How to Start a Business you need to know in order to Successfully become entrepreneurs

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How to Start a Business – The heaviest work stages are to think of a way how to get started. Then take a look at a lot of smart people are struggling with ideas, planning, and others, to finally forget about action although one step.

If an Entrepreneur is suitable for you?

steps to becoming an entrepreneur

Starting your own business can be a fun and satisfying experience. What’s with having your own business You can have many advantages like being the boss for yourself, a flexible schedule and can work on business in accordance with the hobby that you like. But, being a successful entrepreneur requires planning, creativity and hard work that was done.

The following things can be a consideration if you have the characteristics and skills of a successful entrepreneur:

1. comfortable in taking risks

Be the boss for yourself means you also have to make a decision at the time included difficult once did. Entrepreneurship involves uncertainty. Do you avoid the uncertainty in life by all means?

If Yes, then entrepreneurship may not be appropriate for you. Do you enjoy the thrill of taking risks are taken into account? If Yes, then you are ready to become an entrepreneur.

2. Independent

Employers must make many decisions on my own. If you feel you can trust your instincts and you are not afraid to be rejected, then you can become an entrepreneur.

3 Persuasive

You may have the greatest idea in the world, but if you cannot convince customers, employees or prospective lender or your partner, it’s probably going to be your challenge in becoming entrepreneurs. If you enjoy public speaking, involve new people easily and can make strong arguments based on facts, the chances are you are ready to make your idea work.

4. able to Negotiate

As a small business owner, you need to negotiate on everything from rent to requirements contract with tariffs. Negotiation skills are polished will help you save money and keep your business running smoothly.

5. Creative

If you can think of a new idea? Can you imagine a new way to solve the problem? Entrepreneurs must be able to think creatively. If you have any insight on how to capitalize on new opportunities, entrepreneurship may be very appropriate.

6. is supported by others

Before starting a business, it is important to have a strong support system. You will be forced to make many important decisions, especially in the first few months of opening your business.

If you don’t have a network (networking) to help you, consider finding a mentor’s business. A business mentor is someone who is experienced, successful and willing to give advice and guidance.

Like the House, build a business also requires a strong foundation. Not just a matter of capital, human resources, and the sheer talent. An entrepreneur should recognize other critical factors in building the business. When you have these characters, you’re ready to become an entrepreneur.

20 questions you should Answer Before starting a business?

Now ask your self this question 20, to help make sure you think through the financial details and the right business.

  1. Why I started the business?
  2. What business do I want?
  3. Who is your ideal customer?
  4. What product or service the business I give?
  5. Am I ready to take the time and money needed to let my business started?
  6. What distinguishes the idea of my business and the products or services that I will give from others on the market?
  7. Where will my business be?
  8. How many employees do I need?
  9. What types of supplier do I need?
  10. How much money do I need to start?
  11. Do I need to get a loan?
  12. How long does it take before my product or service be available?
  13. How long will I be able to start making a profit?
  14. Who are my competitors?
  15. How will I appreciate my products compared to the competition?
  16. How do I make my business legal structure?
  17. What tax do I pay?
  18. What insurance do I need?
  19. How do I manage my business?
  20. How do I advertise my business?

 

10 Ways to start a business you need to know

how to start your own business

The following 10 rules for starting a small business. This list is more to make You aware of the fact that there are, rather than pursuing the dream of Your most insanely in doing business.

  • is more realistic

The key to success in small business, especially in the startup stage, is to keep the stuff keep it simple and low cost. Many would-be business owners get caught in the trap of trying to create a business plan the largest and most powerful in the world.

When you create a business model, take a look around and find examples of the success of the business model that you want, and then learn. If you can not find, either you are an incredible genius, or your business model would not work in the real world.

Don’t hang on to products that we think are suitable for sale only. Pay attention to the market, what is really needed at this time

  • do not Invest its own money

Most businesses are the risky journey, therefore look for a partner. So, if everything doesn’t go according to plan, you would not go bankrupt because the startup funds, and not pursue the debt.

  • Force Yourself

If you are not willing to work hard, over time, forget the personal benefit and health, then the entrepreneur is not for you. At first, you definitely won’t be able to pay employees, employee. So, your employees are your own.

  • determine the legal entity

An entrepreneur must understand the role of law in business so that it can avoid the legal problems that surely there are legal costs were very high.

Because the law is very important in regulating business activities so that startup can run smoothly, orderly, secure, so no parties harmed due to the activities of the business.

Business ideas may be good, but don’t forget the legal aspect is also very important for the smooth running of your startup.

  • Recruits employees with Good

Regardless of the size of your business, in the end, you will be hiring employees from outside. To that end, do the recruitment process carefully, without haste, and treat it as important as when you start a business.

Do performance testing of employees the equivalent of wages to be paid to him. Very unfortunate attitude business owners who had a vision for his efforts in recruiting employees, but instead allow it to grab that vision.

  • Sell the benefits, not Price

When you start a business, it’s only natural you are frustrating to market it. But, if you are competing on price, You will eventually be sold at a price of mediocre or even under the capital.

Do not give discounts on product sales, but always improve product quality. Customers will be impressed with the quality rather than price cuts.

Master the skills of communicating with customers, to explain that the price of the product you are higher because it has better value.

  • Learn basic numbers

Find out how much money you need to live the effort, ranging from store rents, electricity, insurance employees, until the price of printer ink, paper, and taxes. Then for all that with how many days in a year You will be open.

The basic numbers. The amount of the minimum income you need every day. If you never thought about the basic numbers, just think back. When doing the planning funds, always exaggerated expenses and reduce revenue.

  • Use the latest technology

Application and data storage with cloud technology is very cheap and make small companies can compete with large corporations. Take advantage of low-cost technologies that are on the market. Discover all the ways that the potential to increase the amount of profit.

  • Treat Vendors with Good

Vendor and supplier treat You as good as possible, as well as you treat the customers. They can only give discounts based on the volume of your reservation, or even for the sake of maintaining a good relationship and wish there was an increase in volume in the future.

Good relationships, making them also can understand the delay in payment, even give free shipping.

  • Be the best

You shouldn’t be half-measures. Every single thing you did to the client must be the best. Whatever you make and sell, must be the best. Do this continuously, and the power of word of mouth will spread.

Appreciate Every Step Of The Business Trip

Start a business and work as an entrepreneur is not merely reaching the intended target. The most important thing is when you are able to appreciate every step you take and enjoy all that travel.