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What are the pillars needed to start a small business? And what are the best start business ups ideas?

Seeking more stability and wishing to start an entrepreneurship through a sustainable business after almost two decades of the hard work in the private sector. At this stage, I do not have a clear vision or specific trend or industry. Please advise me.

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Question added by Wael Kandil , Office Manager (Board Secretariat and CEO Office) , Etihad Atheeb Telecom Co. - GO
Date Posted: 2016/12/13
Abdus Sattar
by Abdus Sattar , Sales Executive , Smart Matrix General Trading L.L.C

First and foremost before starting any business we need to prepare a business plan.

The main pillars in my opinion are:

1. The business idea/model and how you're going to achieve that

2. Your target market

3. Finance/capital and ways to arrange that

4. Sponsorship and other legal formalities that would enable you to operate as a business entity.

5. Location (shop, office, on line store)

6. marketing strategy: How are you going to make people aware of your product/service

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