How to build your business?

Own business is a dream for many people. But, nevertheless, only a small fraction of them can really follow their dreams. Most people believe that in order to start your business, you need a lot of money, which absolutely no. Others have a different Board, as it is known  billionaire Richard Branson: "screw It! Beris and do it!"

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where to begin?

as silly As it sounds, but first, let's define the very idea of business you want to do. Take into consideration your interests, skills, knowledge, how much time you want to spend on your business.

Explore all potential competitors of your future business. Where they work, how much money you make, what  partner companies, what challenges they most often face. If you have the opportunity – some arrange to work in the necessary company for a time, to see  inside "the whole kitchen". : Serious business requires a serious approach, why not a small thing, but look for  the strengths and weaknesses of the business. After all, where potential competitors can play, you can get the victory. But, in any case, don't place the owl focus on companies only "local flood". Carefully study the experience in other cities and countries.

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What is a business plan?

When you will already be aware of necessary for you event, begin writing the business plan. This will be your road map needed in the future for external funding. Once you have created a business plan, you can organize your business, and to set goals for the near future. You can absolutely free download a template on the Internet, you need a business plan  and use it as an additional aid. Will include information about your future company, the staff (don't forget - today you can easily remain your business), and selling products or services, customers, competition, market, potential lines and promotion. Count all your expenses to  the first year of operation and, of course, running.

Business plan – this is an important tool that helps to remove the rose-colored glasses with all aspiring entrepreneurs. The whole process of thinking and writing organized, allows you to look from another point of view on the whole thing. But most importantly,  it will help the project to discover all the "holes"  and in time get rid of them. For averaged statistics, seventy percent of companies do not survive in the first year of its work. Seventy percent of the rest of them just go bankrupt for the second year. Therefore, it becomes clear that not the last role is played by the lack of business planning.

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Source: http://uzinform.com.ua/

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