To start a job often you need very little investment, namely only one table, computer, telephone and free angle in the apartment. Of course it all depends on what you want to do. For some kind of production it is necessary to have machinery, equipment and space, but in the service sector, particularly in the provision of intellectual services, such as consulting you do not need a large sum of money.
The first and indispensable step – is market analysis (which allows customers, competitors, suppliers, what will the product be, etc.) Load the saved money and one that you borrowed – try to maximize every step of the save. Statistics has shown that almost every other company that is established does not survive in the market for more than 3 years. Most often they fail because they over invest, so that money is hard to return. The purpose of quality management of development is necessary for many activities such as marketing research, identifying the target groups, competitive analysis, SWOT analysis and, if necessary, on the basis of the results obtained to perform redefining the set marketing objectives.
Make a business plan – Drawing up a business plan is a plan, as well as any other plan in life. Plan can serve as the mainstay of business processes and the plan is the basis for a good start. When you put on a paper all parameters, even if you calculate that you will have a profit, do not rush. So keep books of accounts and bookkeeping and the necessary documentation about your company. Let this book be transparent and arranged by chronology.
Create a logo with whom you will be recognized on the market. Make maximum of using the Internet and online services, such as the average advertise and communicate with other partners in other companies. Consult and communicate with more experienced colleagues and friends, to get an advice, suggestions, criticisms or observations in the realization of your company.
Hire workers which will allow you to (possible have) profit, organize meetings and appointments. Create loyalty among employees, because it is a key factor in the development and growth of your company. This is achieved in various ways, such as stimulation, decent wages and humane treatment of employees.
Start your own business is not easy, but it is even harder to maintain it and allow it to grow and develop. There is no way to eliminate the risk of failure, but in any case, good planning, preparation and knowledge of the situation on the market can help you succeed.
Success is not guaranteed, and a large number of newly- companies quickly perish, and the reasons for this are mainly the lack of experience, lack of resources, competition, poor sales, poor location and usage of company funds for personal use. On the positive side by owning your own business you will be your own boss, all the work and effort you invest is in your favor and not in favor of your employers, earnings and growth potential are greater than if you are employed by someone else and gives you the ability to continuously expand your knowledge.