11 specific tips for those who want to start their own business

  A successful business is not an innate talent and not a matter of chance. It is a set of skills, the flexibility of thinking and constant ...

 self business tipsA successful business is not an innate talent and not a matter of chance. It is a set of skills, the flexibility of thinking and constant concentration.

Here are specific steps that will help aspiring businessmen.

Change environment

The people we associate with influence our thoughts and goals. When the environment considers it happiness to earn $15,000, we think of the same categories. If you want to build a successful business, communicate with entrepreneurs: this will bring confidence, useful knowledge and contacts.

Try instead of thinking

Plans are useful, if not confused with actual actions. It's easy to get caught up in thinking about the perfect product, but never get it done. Perfectionism takes a lot of time and delays profits.

If automakers had waited for the invention of the automatic transmission instead of selling the first cars, they wouldn't have gotten very far. Place an ad on Avito or Vkontakte, even if there is nothing to sell yet - this is how you determine the demand.

Choose your niche

You need to do what works best. Remember what kind of help you turn to? Translate the letter into French? Choose a phone within $10,000? Find cheap flights and book a hotel?

Consider different options. If you understand phones, you do not need to open a second Euroset, perhaps your niche is a YouTube blog with a review of new products, a repair shop, or an individual design of gadgets.

Do what makes money

A lot of parasitic things revolve around the important: they create the illusion of work and divert the focus to themselves.

Don't start with printing business cards, renting an office, and promoting your website - do what makes a profit. Put a post on social networks, place an ad in a newspaper, and offer to buy to friends.

Calculate risks

Risk is directly related to profit, but entrepreneurs take risks wisely. Business is not a casino. Don't try something that others have failed a thousand times. For a competent risk, you need to see the barriers and competencies of the team in order to overcome them.

If 10 anti-cafes were opened in your city, but all were closed within a year, it is unlikely that all of them are losers, but you will succeed. If there is no clear advantage of the business idea, the chance of becoming a successful entrepreneur is close to zero.

Create a budget

Before launching, a series of numbers should appear in the business plan. How much to sell to break even? How much to sell to recoup investments in 1, 2, or 3 years?

Calculate the profit per sale, taking into account employee salaries, rent, advertising, taxes, and depreciation. It may turn out that with a rental in the city center, selling quality coffee to go for 100  R  is suicide. You need to raise the price to 200  R, look for cheaper rent or make coffee a class lower.

Hire professionals

Business with friends is great only at the planning stage: people should get into the team because of professionalism, not friendship. Don't be afraid to hire smarter people than yourself. Your task is to manage the business, not to be the best specialist.

Find a mentor

A mentor is an experienced businessman with an impartial view from the outside. He will see weaknesses, help prevent mistakes, and point out opportunities for growth that aspiring entrepreneurs are missing. Look for a mentor-practitioner with experience in your field. It seems that growing a competitor is stupid, but it's not. Businessmen are happy to share their knowledge with colleagues. This practice is developed in Europe and gradually comes to us.

Make a declaration

Point of additional motivation for the desperate. Post on your social media pages with a goal to open a business by a certain date. The fear of public failure and the interest of acquaintances will help move forward.

Starting your own business is not an easy step. Not all entrepreneurs have a cash reserve for initial investments.


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Ezine Publishing: 11 specific tips for those who want to start their own business
11 specific tips for those who want to start their own business
Ezine Publishing
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