Starting a Business
start a business for most people is not easy. This is a classic, there are many considerations here that often make people fail to start a business. Start a business should not be a source of fear for everyone. To eliminate the fear of starting a business, a person can make preparation a mature business that can live with optimism.
One of the Gerald Abraham seminar one business adviser at a law firm, is also the owner and director of a financial consultant in 2006, contains about 9 to be successful by understanding the important aspects before you start.
A. Understand the concept of a good product or service
Starting a Business
Starting a Business With Success
Before starting a business it is paramount to our understanding of the concept of products or services that will be the core business. We need to understand not only technically but also the production and market outlook rather than the environment from the smallest to the largest environments. In this topic thoroughly discussed aspects that are important in analyzing the feasibility and prospects of products including products that are completely new to look at the side of human behavior, needs and other markets.
2. Creating the vision and business mission
Everyone wants to start a business must know the vision and mission that will guide a person to stay focused on business and organizational goals early. Often when a business begins to develop at a later stage failed because the organization did not focus on the increasing progress of the initial business, but too many are trying to develop new fields of endeavor. In this topic everyone will learn how to create a vision and mission in relation to personal background and business knowledge that will be your path.
3. The necessity of winning, positive attitude and learning to be successful
Mental attitude is the key to the success of your business other than an understanding of your business. there is no over night success something to be kept in mind rather than any would-be "entrepreneur" because it takes time, do not give up attitude, kesinambunga learning process, and look at problems in a positive way that does not make you become discouraged, but look at every opportunity and learn of any failure . You will learn to develop the attitudes of the above to be a "business entrepreneur" is a success.
4. Planning and effective business strategy will avoid the business rather than business and financial risk.
Statistically almost all small and medium business failures caused by the absence or lack of effective business plan that you create. Assumptions such as production capacity, the utilization rate of production, projected price increases and cost and other aspects of the business plan must accurately depict the reality of the market or existing practices in an industry. Systematic calculations and projections of revenues and expenses should be made properly so that helps any prospective employers to calculate accurately the needs of capital investment and working capital, including the fee structure for initial preparation, the experimental phase, the commercial production, inventory, distribution, marketing, administration, resources human as well as components of operating revenues consist of core and additional revenue. A good understanding on this will also help the prospective entrepreneur to be able to identify potential risks to the business, management and finance and make the control measures in order to avoid any risk.
5. Basic knowledge of management, organization and the system will avoid the business rather than risk management.
Every effort of even the smallest need of good management to ensure the marketing, production, distribution and sales went well. Poor management systems will lead to the unnecessary costs such as raw material is wasted, unproductive workers because of ineffective supervision and job descriptions are not clear, coordination and communication among employees that are not effective, so many decisions are delayed, recruitment of staff not effective, so many employees in and out and throw a lot of time and cost, which is not good training so that employee productivity is low and many organizational problems. In this topic we will provide basic knowledge and those aspects are very important to be learned by prospective business entrepreneur to avoid the risk management that can lead to business failure.
6. Optimization of human resources is 50% of your efforts are successful.
Human Resources or HR is one of the keys to business success is very important. Many experts are realizing that to start a business often when we recruit the right staff and very good potential to close the weakness of management, organization and systems in the short term. With appropriate human resources, we are halfway to being successful. This topic will help us to understand the criteria of a good employee and in accordance with the needs of business, human resource management in general, including employee performance evaluation system so that each employee will be satisfied and also how to motivate employees in both general psychology and a system of incentives to optimize the performance of employees.
7. Why is creativity, leadership and decision-making process is very important?
Start a business in general, any prospective entrepreneur will have many problems and crises. Many failures occur because of a lack of creativity, leadership and making the right decision to find a good solution. Creativity as "thinking outbox" or the ability to analyze problems beyond comprehension that already exist and find creative alternative solutions that will help your business to succeed. Creativity will also be helpful for you to customize your products to be accepted by the market and also see opportunities to build your business. Leadership is very important to make every employee dalamkrisis and everyone else involved in your business that you do not believe in panic, become a last resort solution to all problems and become a role model. Decision-making process will assist you in finding alternative solutions and choose the best for your business and your organization. In this topic you will find creative ways to develop your business, leadership traits that match your personal background and how the right to make decisions in every issue.
8. Basic knowledge of financial management and financing
Understanding of this aspect is very important in your business development. Production is often disrupted due to bad financial management such as lack of funds for the purchase of raw materials, tools and other production. Dalamtopik will discuss the basic knowledge on cash flow or cash flow like blood in the human body, the cost of financing, working capital and investment financing, capital structure, assets, equity and others.
9. Marketing, service and product brand
Marketing is spearheading the successful sale of a product or service. However good the product or service without good marketing it will be very difficult to increase sales and profits. On the other hand, no good service to customers it will be very difficult in an effort to gain a loyal customer is the key to business development. With loyal customers the marketing job will be easier for good service will create a good product brand to potential new customers. In this topic will be discussed thoroughly secera all important aspects in creating marketing strategies, identification of services required by customers and how to create product brand and its effect to the success of the business
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