Today’s world is known as business world. If someone
asks what is the simplest way to earn money then answer will be do your own
business. So there are millions business are carried in the world right now.
Some are large business and some are small retail business. Some are well
managed and some are not. Some business is started with the plans and some are
not. Anyhow business is carried on and some are getting success and some are
not. So here today I am discussing about how to start and carried on a successful
business.
What is business?? It is not a difficult question
but it may be hard to define! In Nepal and in India as well most of the persons
are engaged in either small or a big business but most of the people are unable
to define the business! So, let’s start with what is business!
What
is business?
Simply business is the
economic activities carried by the persons and organization or we can say
business is an economic activity which is related with continuous and regular
production and distribution of goods and services for satisfying human needs.
investopedia defines “any commercial, industrial or professional activity undertaken by an individual
or a group is business.
How
to start a business
Now let’s talk about how to start a business.
Before starting a business you have to make a business plan. Firstly you should
think what business will suit for you and in which business you can get
success. You should ask different types of questions yourself like this: Is
this business will give you proper return or not? Is there sufficient market
for this business or not??? Although a good businessman should create the
market for their business but you have to analyze that can you create the
market for your business or not.
You have to estimate
the cost of starting your business. You should have to decide your source of
fund. Whether it is your own capital or has to borrow s loan. So In conclusion
we can say if you are starting a a big business you have to do SWOT analysis of
your business by investing money and time. And if you are planning a small type
of business you have to simply analyze your strength, weakness, opportunities
and threats of you and your surroundings before starting your business.
Run your business
After finalizing the
planning phase of your business, you are ready to start the business. Establish
the office, go to the targeted market and start to sell your goods and
services. That is your business. But before doing this you have to do lot of
things. You have to choose targeted sites, construct or rent required office
buildings, purchase required equipments, appoint and manage staffs. So that you
are now able to run your business smoothly.
Starting a business not
big achievement. Managing it properly getting good return and achieving success
is main part of your business. For this you have to make appoint various agents,
make a good circle to reach customers, visit customers and listen their complaint.
Publicity is essential for the successful business. Big companies spend million
dollars for the promotion of their business. So you can as well give some
advertisement to the radios, television and newspapers as well. You can use
various social medias like facebook, twitter, Google etc for the promotion of
your business.
This is not overall
idea for how to start and run a business but I hope this will give some concept
for you about the business.
0 comments:
Post a Comment