Starting a business

Success is what everyone craves for, be it as a student, businessperson, professional or otherwise. Succeeding in business needs hard work and commitment, Usually, startups rush into business without adequate and proper planning, or  carrying out a  research about the intending business, probably because they know someone who is doing fine in the business. Proper planning helps one in averting some setbacks and this should be taken serious.

Startups should endeavour to do some consultation about their intending  businesses  in order to succeed. To start a business is not the issue, but making sure that it grows  to stand the test of time is the main issue. There are some factors that could help startups to succeed in their businesses, and such factors are:

• Having a good business plan
• Selling products or services that people need
• Identifying  who your customers are
• Registering your business with the appropriate body
• Selecting the right location
• Outline and watch your finances
• Making your financial institution work for you
• Employing certified workers who have skills and knowledge about your business
• Selling of  products or services that have a high profit margin
• Advertising of your products and services, 
• Taking advantage of opportunities to expand your business

When a startup put the aforementioned points into considerations, the business will definitely succeed and become blue chip...........

How to get funds for business

It is usually difficult starting a new business. Many start ups tend to be scared of venturing into a business due to capital. An entrepreneur is not supposed to be daunted because of capital. There are so many ways of funding a business other than getting a loan from banks. One way of financing a business is getting angel investor(s). I know of a friend who has a good business idea but does not have what it takes to run the business, but  'angel investors' invested in her business. When an angel investor invests in your business, both of you would sign a contract on how to share the percentages. Another way of financing a business is by meeting families and friends and then explain your business idea to them, let them know the amount that is involved in the business. Ask them to donate or give any amount that they are willing to part with.