5 Tips On Starting Your Own Business

2

•Starting your own business can be

quite a hairy proposition and you

are entering the neo-liberal market

place, a place wrought with

dangers, speed bumps and never

ending wells of disappointments.

3

•Getting started

on your money

making venture is

not easy – allow

me to reiterate

that one more

time. Not easy

4

•The competition is stiff even in

the most niche of markets and you

really have to give it your all and

work hard before you can start

seeing results.

5

•While there are

hundreds of pages of

advice I can impart on

anyone wanting to start

their own business, here

are 5 tips on starting

your own business that

you can use.

6

•One. A focused strategy. Your

business model must have a

strategy that is focused and that is

detailed.

7

•You must know exactly

what you want to do

and what you have to

do to get it. This is not a

one page report and the

more detailed it is, the

better.

8

•Don’t skimp on even the smallest

things, because it can be your

undoing.

9

•Point A must be your

groundwork, point B

your core strategy and

Point C is the profits. All

successful business are

surviving on a focused

strategy, one that can

be implemented easily.

10

•Know your role. Especially when

you entering a partnership, it is

important for you to know what

your duties are and the role you

are going to play in the business.

11

•Don’t deviate but

don’t be afraid to

diversify when you

need to.

12

•When everyone can play their part

and play their part well, then the

business will be well on their way

to writing the chapters of success

13

•Have everything in

black and white. Write

everything down. Deal

with clients through

emails and documents

are your friends.

14

•This raises the level of

accountability on both the clients

and the business side and you will

have something to fall back on if

anything goes wrong.

15

•It also gives

you a clear idea

on where the

point of

weakness is

and how you

can repair it.

16

•Excellent money management is

absolutely essential in starting a

business.

17

•Research the

market and

ensure you are

getting the best

quality at the best

price you can get

that quality at.

18

•Every dollar in the world of

business is crucial and you should

not be frittering investment and

development dollars away at non

essential items.

19

•Have a stash of

risk capital at

the ready

20

•This is important when you need a

bailout or when you need to pump in

money quick to either make the

business resurface of change the

strategy to hit an emerging market.

21

•Having risk

capital at the

side means you

have a backdoor

in case things

get awry.

22

•These are just some of the quick

points to note when you are

thinking of starting your own

business.

23

•The last advice I will give

anyone is not to rush into

things and attack your

business plan from every

angle possible, only then

will you find out the flaws

before they find you.

24

>Sign Up For Your Own Virtual Office Now