Saturday, August 18, 2012

Know how to start a business


          "How to start my business?" 

This is the question that arises to almost all of those who want to start their own business. Starting business is not an easy task. Even if people start their own business, to be able to sustain in the market is a difficult job. So here are some of the things that will help you to gain some knowledge on what are the things needed to start your own business:

1. Unique Ideas: All the successful business in the present days had great and unique ideas during their beginning days. Mark  Zuckerburg had an idea of creating a social network -Facebook, Steve jobs had an idea of making i phone, i pod and i pad. So, be sure that you have a unique idea before you start a new business.


2.Capital:After you have your ideas, you need capital to invest in your business. You can invest your own capital or that of the potential investor to start your business.


3.Location:You should think about a site where you can start your business and grab the attention of the customers.


4.Market situation:Operate your business in such market where you think your product or service will work out. Do not operate your business in such markets where there is the monopoly power of other firms. Operate your business in such markets where there are few number of competitors.

5. Economy of the country:You should know about the economic situation of the country , whether there is inflation or recession and make your plan according to it.


6.Interest of customer:Customers are the god of every business.They are the one who decides the future of the business. So, you should be able to design such goods and services that will be able gain the attention of the customers.

1 comment:

  1. hey guys.. common share something.. explore your ideas..

    ReplyDelete