10 Tips To Start Your Own Business

theceo

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Joined
Jun 29, 2018
Messages
17
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3
Probably at some time you have come up with the idea of making or starting a new business or personal project. It is a fact that in addition to the initial decision to undertake a project that allows you to become professionally independent and not lose enthusiasm, we must take into account some aspects or ideas that help us plan how to start this new challenge.
Here we list 10 tips to take into account to start a new business or personal project and that this increases your chances of success.
  1. Establish a plan that allows you to define the steps to follow to achieve the desired goal, this will allow you to visualize the priorities and immediate needs in a more organized manner.
  2. Carefully plan who will form the work team so that everyone has the knowledge appropriate to the area of work in which they will work.
  3. It is important that each member of the team contribute something new or valuable to the project, sharing the same objectives, which will make them feel motivated and committed.
  4. Having a defined focus will help to establish an action plan and never lose sight of the main goal since sometimes so many ideas arise that we end up not landing any.
  5. Carrying out a market study is essential to know what the real possibilities of success are, to know who the competition is, to establish costs according to the area and above all to offer something innovative to the public to whom the service is directed.
  6. The response capacity must be adaptable to both the challenges and the obstacles that may be encountered along the way.
  7. Take into account in addition to the initial investment, all the extra expenses that may arise, since in the beginning there will be more expenses than income.
  8. Bear in mind that training is essential to be updated and to offer a quality service.
  9. Remember that we are not experts in everything, therefore, it is necessary to have at hand a legal and accounting adviser in case you require your advice.
  10. Being persevering is essential since at the beginning you will have to face an infinity of challenges, in addition to having the capacity for self-evaluation and self-observation.
 
Joined
May 16, 2018
Messages
44
Points
8
Starting a business for the first time is quite tricky. It also requires a lot of hard work, efforts, and focus. And there is no perfect formula for starting a small business. So there are many tips for starting a small business
  • Be sure there is a market for what you want to sell
  • Plan to succeed
  • Learn from others.
  • Be passionate about what you do.
  • Get clients or customers first.
  • Keep your Focus
 

theceo

Member
Joined
Jun 29, 2018
Messages
17
Points
3
Thank you for reading my post and thank you for your suggestions
 

Greyerasto

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Joined
Jul 31, 2018
Messages
14
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3
I would add that be sure to quit if you see that it is going in the wrong direction in order to avoid sunken cost fallacy.
 

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