How to start a business and how it will be successful
Hello everyone, my name is Rupesh and I am going to give you some tips on how to grow business so friends, the first step to start or start your own business is that you must know what exactly you want to do. Huh.
Many people are saying and things that I need to think of an idea which no one has ever thought of but according to me it is a wrong thinking.
There are two reasons for this
The first is that it is very rare to think of an idea that no one has ever thought of.
Because more than one billion people in the country have very little chance of it.
and another more important reason
why not do this
To start a business where there is no established customer base and no source of revenue and no trial and error has been done, there is no experimentation that such revenue comes or poses a problem for doing this business. If it happens, it is a very new thing and a very risky job.
So I would advise you not to think of an idea that no one has ever thought of?
No, really you have to think about what you like to do yourself.
Here I would recommend you to focus on the first two things, what is your passion, what is your interest, what do you love to do.
How can you bring value to people with your work and how can you benefit and give value to people that they will give you money in return?
When these two things are clear then you can see which business already exists which coincides with these two things.
Then study which such businesses are already in the market and how they operate.
For example imagine if you love
Opening a school is the first thing then the second thing is how can you benefit the people so here you can start and do the school.
If this satisfies you, see what all types of schools already exist in your country.
How they work, study them and ask them about their business and study their business model.
After that the next step is to create a business plan.
Suppose if you are starting your business from tomorrow. Then what to prepare the budget report for the entire 1 year from tomorrow till the end of the year.
How much money, how much capital and investment will you need to start the business? And how much will it cost for the whole year and what will be the benefits that you will get? And where will you get the necessary capital and money that you will need?
Will you borrow from your friend and ask your family or take loan from bank, start a business where you don’t need to take loan from bank or any third person will start a business where you are family who are able to afford internal investment.
Because if you go to the banks and your business fails then you will face a big loss and a lot of problems so think about the business where you are able to invest yourself and you have capital or your friends Has a family or is ready to give you the amount.
From my experience I am suggesting it for internal stage Once you have established the business you can think of taking loan to take it to the next stage, it can be reduced.
You can borrow money from a friend but the business plan you have made for the year should be as detailed as possible.
So that the investor can be sure that this business will definitely run and if we invest in it then we will not suffer any loss and only profit will come from the business.
Now that you have made your 1 year business plan we can move on to the next step
But I am not going to explain this complete information in one blog, so for more information you can stay connected with us and we will come up with the second part soon, thanks for visiting our blog my name is Sushil Bisht and I hope we meet soon goodbye for a while.