Wednesday, May 6, 2020

Entrepreneur Career | Best Ways to Start a Business


Entrepreneur | Best Ways To Start A Business



1-Explore Yourself
Let’s start with the most basic Question
“Why do you want to start a Business?”
Use this question to guide what kind of business you want to start. If You want extra money, maybe you should start a side hustle. Once you have a reason, starting asking yourself even more questions to help you figure out the type of business you should start, and if you have what it takes.



What Skills do you have?
Where does your passion lie?
Where is your area of expertise?
How much can you afford to spend, knowing that most Business Fails?

2-GET YOUR IDEA DOWN
Do you already have a killer business idea? If so, Congratulations!
If not, there are a ton of ways to start brainstorm for a Good Idea.
Look at what’s Upcoming in the world next and get ahead of the curve.
Fix Something that bugs You.
Improve upon current ideas that already exist.
Go out and meet people and ask them Questions  
Seek advice from other Entrepreneurs’.
Research Idea Online or use whatever method makes the most sense to you.






3-DO MARKET RESEARCH
Is anyone else already doing what you want to start doing?
Start researching your potential rivals or partners within the market. Thanks for the internet, there is an
An abundance of free information on companies in your Industry and how Entrepreneurs get Started.
You can Conduct interviews by telephone or face to face.
You can also offer Surveys or Questionnaires that ask questions like
 “What factors do you consider when buying this product or Service? “
“What areas would you suggest for improvement?”


4-Get Feedback
Let people interact with your product or service and see what their take is on it.
A fresh set of eyes can help point out a problem you might have missed. Plus, these people will become your
First Brand Advocates, especially if you listen to their input and they like the product.
                                    Just realize that some of that advice-solicited or not.
                                    Some of it won’t be.
That’s why you should have a plan on how to receive feedback.

5-MAKE IT OFFICIAL
Get all the legal aspects out of the way early, That way, you don’t worry have to worry about someone taking your big idea, screwing you over in a partnership or suing you for something you never saw coming, A quick checklist of things
To shore up might include
Business Structure
Business Name
Register your Business
Federal Tax Id
State Tax ID

A Great Muslim Fighter Muhammad Ali Says,


                          “You are not going to enjoy every minute of the journey but the success
                             You will find at the end will make it all worth it.” 



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