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Prior to starting a business, which things one should do first ?

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Question added by Amjed Mehboob , G.M -(Currently Job Seeking ) , Advance Education centre
Date Posted: 2016/06/09
Awwab Ahmed
by Awwab Ahmed , Web-Developer, Graphic-Designer. , Conobio

1.First make a perfect plan for your business, like perfect place to start your business.

2.Connection from different people and places is the main source leading your business.

3.Find a Unique Asset from others competitor.

4.Knowing about the Stock Marketing regarding your business.

it depends on what type of business you select.

Best of luck for your business!!! :)

azza alismaily
by azza alismaily , Resource Operations Specialist , FieldCore Services Solution Gulf, A GE company

1. The idea. For every good idea you have, there are hundreds of people out there who have the exact same idea…did someone else already beat you to the punch? A prudent approach is to research your idea from top to bottom looking to see if your idea already exists. If it does, it’s certainly not the end of the world. Simply ask yourself if you can find a unique angle or a different 2. The plan. Create a business plan. Creating your business plan at the beginning will help guide your vision and direction as you continue along you entrepreneurial journey. Think of your business plan as your blue print…you wouldn’t just start building a house without a plan would you? 3. The business entity. Deciding how to legally structure your business can become very tricky. 4. Who’s on your bus? Jim Collins said it very eloquently, “You are a bus driver. The bus, your company, is at a standstill, and it’s your job to get it going. You have to decide where you’re going, how you’re going to get there, and who’s going with you.” Can you drive the business alone or do you need employees? 5. Customer appreciation. Who is your target market? Before you can even begin creating a marketing strategy, you will need to define your target market. 6. www.yourcompany.com. Creating your website is one of the most important things you can do for your business. 7. Your Debut. What is your go-to-market strategy? How will you get the word out and create buzz? Start with the basics and build from there. 8. Financing. How will you fund this business of yours? How will you get paid, and do you know how to maximize your tax benefits? 9. Are you a know it all? It's important to know how you will run your business 10. Where is the nearest emergency exit? An exit strategy is very important and will help drive all of your goals and aspirations.

Atika El Ghzali
by Atika El Ghzali , Client Relations Manager , Prestige Legal Consultants

Scope out your industrySize-up the competitionSeek advice from friends, mentorsBusiness name

 

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