World economies are a cumulative of enterprising efforts from micro, macro, small, medium and large organizations. This collective effort sustains families, communities, towns, cities and nations. Unemployment levels are increasing world-wide on a daily basis and the only solution is the birth of new businesses that will take up the unemployed. You have to be part of this effort.
Starting a new business is easier said than done. That is why you may have seen that quite a number started their businesses and only survived for a season before quitting.
Just like any built to last project, starting a business calls for some form of procedure and organized approach. There are some extrapolations, permutations and rigorous thinking that needs to be done before starting a business.
I have come up with what I call THE STARTING POINT approach to starting your own business. This is applicable regardless of condition, size or perception.
T Transform your mental faculties
H Have a bankable business idea
E Explore various options
S Scan the market
T Teach yourself self discipline
A Acquire relevant information on that business
R Register your business
T Tell yourself capital is important but not an impediment
I Invest whatever amount into stock, systems, processes and procedures, and human resources
N Network extensively
G Grow your influence
P Position your business strategically
O Organise your activities & resources professionally
I Invite experts to assist you in your business
N Never look down on customers/clients
T Take time with your employees, train them
Like I said before, starting and running a sustainable business calls for some form of order and procedure. The above approach is not meant to be the magna cater to starting or running a successful business, but forms essential procedures that when followed, will help come up with a sound business.
My next issue is going to speak into the first point of Transforming your mental faculties.