Simple Steps to Becoming an Entrepreneur (Starting a Business 101)

in Project HOPE3 years ago

Starting a business is the goal for a lot of awaiting entrepreneurs as they want to embark on this entrepreneurial journey but do not know where to start and how to go about it. Well, I will be helping out in this post to help with the simple steps to starting a business as fast as possible. I am not saying entrepreneurship is an easy journey, I am saying that you can start one if you are willing as soon as possible.

The first thing to do when it comes to starting a business is having a plan. Never create anything without a plan no matter how small it might be. It does not matter if it is written on a paper, journal, book, or any other thing, it is important to have a set method of how to tackle the beginning huddles and the method to kick start the business.


image

Never do a business without checking the market. Make sure you understand your customers, your market, your competitors and so on. It is better not to start a business than start one with no sales at all because it is solving no problem. Understand the regulations and required registration needed to start the business.

Build a brand around your business. It is easy for customers to associate themselves to a business with a name than to one with no name. A Logo, brand motto, website and social media. Create a trademark around your business. make sure your business media is working fine and be always ready to put your business on every platform that will bring in


image

When starting, do not spend too much on fixed liabilities needed to beautify the business rather than spend money on asset. Try to use the least labor to achieve the best results or use interns to get the work done cheaper. Interns do not charge much compared to salary earners who would want a minimum wage.

Make your business the brand you want it to be and act like it is the brand already while working hard to get it there. never relent on your work and never underestimate the power of good PR in business.

Attend to customers politely and make sure you keep them coming over and over again because they are your business.

Sort:  

@ojerinde, Business and Market World is brutal so with everything Patience is vital because of highly Competitive Nature. Stay blessed.

Posted Using LeoFinance Beta

Thanks a lot for the comment @chireerocks stay blessed too.

Welcome and thank you.