STARTING YOUR BUSINESS NOW.. YOUR OWN

---> Think it - is all about what you need to do to find out if you have what it takes to be your own boss. This is the part where you assess your skills, talents, inclinations, beliefs and attitudes and weight them against what business experts say are the typical attributes of a successful entreprenuer.
--->Fink it - discussed how you can come by the business idea of a lifetime. This will help you hone your skills at spotting opportunity and at taking advantage of them as they come. You will be told where to look ideas, how these idea sources can be mined to your advantage, and how to choose a business concept that is right for you.
--->Research it- is all about identifying your market, knowing as much as you can about it, and finding out the best way to reach it. here you will learn everything about market research and how it can set you off to a good start in a business.
--->Plan it - deals with planning your business to prime it for success. You will be introduced to business plan writing, its importance to the business you're about to start, and the steps to put a winning business plan together. You will also be reading about how you can come up with a catchy name for your business and the factors to consider when choosing a business location.
--->Register and Organize it - is about registering and organizing your business. Here you will be taught the different business structures, the advantages and disadvantages of choosing one over the others, and how to get about the process of registering your business with the right government agencies. As well, you will be guided on the basics of hiring your initial staff, and the existing laws that govern employer-employee relations.
--->Finance it - deals with money - how much of it you'd need and how to raise it to start your business. This also aimes to arm you with the basic understanding of accounting and of establishing a sound financial policy. And because money greases the wheels of every enterprise, how good you are with cash management will determine whether your business will sink or fly in the end.
--->Produce it - deals with producing your initial inventory or creating your initial menu of services. Here you will be walked through the production process and what each process entails to ensure an efficient production. You will also became familiar with the delicate balance in inventory management, and the ways to maximize your resources to keep your costs down while increasing your profit.
--->Launch it- is all about how you can open for business with maximum impact. This will tell you some effective marketing strategies to help you in informing your market that your business exists. This will also run you through the basics of creating a marketing plan and how you can use this tool to gain exposure and market share.

Source: THE ULTIMATE GUIDE TO STARTING YOUR OWN BUSINESS 2007(Entrepreneur Philippines)

No comments: