Top 10 Tips for Starting Your Own Business in 2017
hi this is Jon he wants to start a business but he doesn't know how to
start his own business
that's why I'm sharing these ten tips for starting your own business
tip number one do what you love
the greatest driving power of an entrepreneur is the passion in them is
born from their love for what they do
when starting your own business you must be sure you love what you're doing as
you will spend lots of time and energy
it's starting a business and nurturing it to success tip number to keep a
source of cash start when you're still employed when starting your own business
you need to know that profits will not start coming in right away
having a job while you're starting your own business helps you in getting
through the startup process with enough cash tip number three you need a team
there is a great strength and teamwork you will always need some level of
support when starting your own business you may need to find a mentor who can
always guide you and give you invaluable advice
you can also subscribe to a consultancy firm who care enough to know you are
just starting a new business
tip number four get some clients make the contacts
you should not wait to you start your business officially before you start
getting your clients or customers or building the necessary network around
your business
doing this will give you some assurance that you are creating a business with
American tip number five right it and planet creating a business plan is
highly important
it helps you understand and investigate your new business idea
a solid business plan will help you see and separate reality from expectations
tip number 62 the research
writing a business plan means you are ready to do a lot of research asking
questions
surfing the internet and reading some books when you're starting your own
business you should be well informed about your industry competition
customer behavior market risk and opportunities
tip number seven get professional help
you do not have to be an expert in everything about your business
although you may have to multitask yourself when starting your own business
you will still have to use some professional services
tip number eight build your cash reserve financing is a critical part of your
business success when starting your own business you can save up if you can or
approach potential business investors and lenders
you must be open to different ideas of raising your capital normally
traditional lenders do not like new ideas
this means a lot of risk for them they always loved businesses with proven
track records
tip number nine right from the blow over the whistle be professional
starting off your business should show professionalism
this will require getting all the accoutrements like a business card a
website if you can afford it
a business email address and treating customers in a highly professional
manner and tip number ten solidify your legal framework getting your business
fully complied with available laws can save you from a lot of headaches and
financial trouble in the near future
does your business need to be registered do you need a legal framework for your
employees
what about your tax issues you can contact a legal expert for you to have
the right information and build your legal framework
yeah