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Strategy
Step1 – Write a Business Plan
Step2 – Get Help and Training
Step3 – Choose Your Business Location
Step4 - Understand your Financing Options
Step5 – Decide on a Business Structure
Step6 – Register Your Business Name (“Doing Business As”)
Step7 – Get a Tax ID
Step8 – Register with Tax Authorities
Step9 - Apply for Permits and Licenses
Step10 - Hiring Employees
Strategy - goals - a clear plan - human resources - financial resources .
The problem is not the steps that will be taken and how great plan you did to start.
there are a step many people have crashed when they face it, which is the most important one, is how much do you believe in your business and to start your own dependent step and how you can fight for it, and not to give up if the pressure became harder and harder.
Mr. Zafar Iqbal has answered it succintly.
Thanks Iqbal.
do start it in a very simple way take license approval and start the business, once your business started the pressure will automatically give you a sound experience, how to handle each and every situation. Take the pressure and give your best to survive in the maket
1- Market analysys (Opportunities and threats)
2- study the product or service that you'll introduce.
3- study the kind of customer (segement) that you'll deal with.
4- study the vendors who 'll support you.
5- Adopt specific startegy (cost stratregy - quality strategy ...etc) according to
6- determine a distribution plan for marketing.
first of all come out witha well thought out business plan.
arrange for the necessary resources and infrastructure
decide who should be on your bus i mean your team and a s acorollary decide who should not be on the bus!
once you have assemebled the team of trusted professionals, thoroughly discuss the business plan amongst the group and fine tune the plan with the valuable inputs from the team.
break the plan into achieveable small milestones and assign the responsibilities to appropriate team members.
prepare and list of targted companies that could utilize your services and have an unlimited sourece of prospects to work on
then make sincere efforts to implement the whetted and adopted plan
be ready to make changes in the plan after interaction with the market place
aim to excell in whatever you do.
look at cutomers point of view when devising and offering a solution and do not decide by yourself the value of the service you provide! until the customer says it value received keep working on the project.
The one very important and most essential aspect of setting up a business is your ability to surround yourself with reliable people who are ready to work as subject matter experts and more importantly as a team.
Be prepared for a long slog. Establishing your name requires genuine efforts, perseverence along with the relevant knowledge and skills
good luck
1rst As mr.obaeda said Believe in what you are doing and having a burning desire inside of you to do something and the guts to never give up and keep pushing forward. that's what you need
2nd steps, planning and your team as Mr.zafr said
3rd take your time of the above but be really fast when you are in action mood DO NOT THINK TO MUCH. just keep going.wish you luck.
Business Plan: Long Term and Short Term, ROI, Core Values
Financial Capital Reources
Product / Services Resources and Technical Know How
Sound Market Knowledge and Marketing Strategies
Human Capital
Legal Formalities
Risk Factor and Fall Back Plan
