A lot of small businesses are coming up in recent times but interestingly a lot of them tend to collapse on the way while a few survive and very few grow into big companies. The graduate unemployment rate is very interesting whiles the general unemployment rate in fascinating. The need for small start ups become more important in such an era.
These are some guide to starting a small business.
- Have an something in mind. This can be a product you have always wanted to make, or a service you think the society needs. It might even be
something people are even not aware they need yet, probably because it does not exist and need to be invented.
-
Define
your goals. Know what you want. Know if its financial
independence, something small and sustainable, that you love doing and want to derive a
steady income from or what? By knowing these earlier you know where to start from and where to go.
- Create a business plan. In every thing you have to plan and business in not and exception. A business plan helps to define what you think you need to launch your
business. It summarizes the sense of your business in a
single document. It also serves as guide or aid for investors, bankers, and other
interested parties to use when determining how they can best help you
and to help them decide whether or not your business is viable.
writing your business plan
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