First Step to Start a Business

Starting up a business require the appropriate steps in order to create a business that is profitable for you and the customers. You have to be well informed and skilled in order to go about all the phases in starting your business.

If you feel like you need to have more source of income with the right amount of independence, then you must be in your way into building your own business.

You must identify your first step to start a business before getting too excited about it. There are so many things to consider before entering a business venture. And you will need enough enlightenment on your decision making for proper guiding.

Your initial step for your business is very crucial because it can make or break you. You must be really careful and analytical because you might be overlooking some important details. It makes a big difference if you would look for other informative sources that can provide you with the appropriate advice and recommendations to further increase the viability of your business. You might also want to consider all of the pros and cons when you enter this business that you have chosen. You must be aware that things are not expected to be smooth at first and in certain points as you go through your business. Many are at a loss on how to start up their business making them choose the wrong steps which could lead to a mismanaged business. Of course you wouldn’t want that to happen to your business, thus you must read on to find out the right steps in starting your business.

Know if this business is the right one for you.

One of the main reasons of a business’ downfall is that it doesn’t suit the needs and capabilities of the businessman and his workers. It might be interesting to you at first, but how about in the long run? You should look at the benefits and requirements of this business. You must be able to gauge whether you can keep up to the needs of this business. It is better if you choose a business that you enjoy most in doing. Know also if the business can satisfy your financial needs.

Conceptualize your business name.

Once you have decided on what kind of business you would be getting in to, it is now time for you to decide on what name to give your business. You may choose a name relevant to you as the owner. But make sure it is very easy to remember and very attractive to the customers. This is also essential to the licensing of your business because it must be unique.

Register your business to operate legally in your chose location with your proposed services and products.

Set the structure of your business. Determine the stake holders of your business. This is to know the business procedures that must be followed by the company in operating for the people. The necessary items you should think of are the company’s mission, vision, quality policy, and others.

You must now start hiring qualified employees for your business. Delegate the tasks in your business with the right people. Make sure you will hire the best you can find and compensate them appropriately.

You must also plan how to promote your business. There are various advertising strategies that can uplift your company’s name and reputation to the public.

These steps are like an on-going process where you keep on reviewing all points to ensure the growth and stability of your business. Always look for rooms for improvement until you have perfected your system already.

30 Comments

  • Raymond said on April 29, 2010
    please help me start a poultry business in uganda, am so interested in being self employed other than working for an institution probably will even help other develop own. kampala uganda
  • Suganthi said on May 17, 2010
    I am planning to take a sugar cane juice franchisee business from Bangalore to adopt it in chennai. How well do you think the business would run in chennai? Location would be very near to Bus Stand and some other shops like bakery, ATM, hotels and garment shops.
  • vineeta said on June 23, 2010
    I have been working in education management and want to start a new institute offering quality education. Kindly suggest me how i shall start?
  • priyank sheth said on August 18, 2010
    I am from Baroda, Gujarat India. By qualification I am an Electrical Engineer. I have work exp. of about 7 years. I am having a full time job with good salary. I want to start my own business. Can u please guide me for the same?
  • A. I. Mumuni said on August 25, 2011
    I want to be a distributor of building materials in Northern Ghana.What advice or assistance can you give me? At the moment I have lost my employment and I want to go private.
  • shankar said on February 20, 2012
    hi i am shankar, already having nearly 15 yrs of exp in sales field. Well placed and earning pretty decent salary. I always want to be an entrepreneur. for the past 2 months I have done some study about starting a business in small way and once it clicked well (touch wood) wanna to get into full fledged. I have decided to open a Cane Juice bar in chennai. Is it a right choice. what do u think about this business in chennai. I hope that chennai lacks good and hygienic cane juice shops. Initially want to start a single shop and slowly planning to expand in bigger fashion. Pls give me ur valuable ideas and suggestions about my approach.
  • Robert said on March 9, 2012
    Am Robert from Uganda, please help me on how to write a good project proposal on maize milling factory targeting grants from local government in Uganda. Secondary, advise me on how start a poultry keeping farm. Thank you.
  • Robert said on March 9, 2012
    My business is located in wakiso-Uganda (urban area), having 5 years experience in teaching higher institutions of learning but want to start my own business for self employment.
  • Bobby said on July 17, 2012
    I am planning to start a sugar cane juice business in chennai. How well do you think the business would run in Chennai? There are barely any such entrants into this business in chennai. Also, I read in few online web sites that the business is slowly losing grounds and is not profitable any more. Is that a viable idea? Please advise. Please suggest any value additions that can be incorporated.
  • Rohit said on October 23, 2012
    I want to start business of bike parts in delhi india please guide me.
  • HITESH SHARMA said on April 20, 2013
    dear sir, i want to start home made product business with small investment. pls advise me how can start it. thanks.
  • hassan said on May 2, 2013
    HI, Dear all. I am very happy with much idea i got . I am planning to open a small handmade soap, how do i go about to know the raw Materials and the mixture? thanks in advance for the idea, God bless you all
  • Mr.Vivek R. Pethani said on May 26, 2013
    i want to start our soap making business in surat so please send me idea to this email pethanivivek@gmail.com. Thank you
  • Nenzhelele Eddie said on June 2, 2013
    I need to start a perfume manufacturing business ,plz help where to start? business loc is south africa limpopo province, VHEMBE DISTRICT AT LOUIS TRICHADT .
  • Arun kumar said on October 9, 2013
    sir i want to start high n medium class detergent washing powder industries in bihar west champaran. please guide me properly. thank you
  • Deepa said on November 15, 2013
    Sir i would like to know about how to make herbal soap, and where the Ingredients available in chennai that will help me to start my own business. Thank you.
  • kalmesh j y said on January 6, 2014
    I want to start soap and detergent manufacturing company in hubli karnataka with low budget so pl guide me.
  • k s arun kishore said on January 22, 2014
    I want to start soaps & detergent powders manufacturing unit in kurnol district andhrapradesh . Please guide me and i want to employment to some unemployed people
  • nabil said on April 5, 2014
    I am from libya, I am working with schlumberger for 19 years. I want to start my own business. Can u please guide me for the same?
  • DivyaShanmugam said on April 18, 2014
    hi I am a homemaker. I am interested in soap making business. I want to learn more about it. Please guide me.
  • soumik maity said on April 30, 2014
    i am interested for this business. please help me.
  • VED PARKASH said on May 21, 2014
    what is the License fee for starting a small handmade nirol soap plant in haryana
  • Inder singj said on August 2, 2014
    Please give details of raw material required for washing soap. Nirol washing soap. Training classes for washing soap making in delhi. What is the batch mix formula for washing soap.
  • A. Malik competent adviser said on September 2, 2014

    @Inder singj, I am Technical consultant for Soap ,detergents, Cosmetics and toiletries having 35 years experience in the line.If you are interested to set up a unit you may contact to my e-mail: masictc1@gmail.com

    masictc1@gmail.com || Consultant

  • Ranjeet Das said on February 21, 2015
    Hai sir I need home made soap making so isn't understand where buy soap materials in Nepal you have any information so please my email to send my email. rbinita206617@gmail.com. Thank you
  • vinod said on March 23, 2015
    I want to start a spice manufacturing unit in Varanasi (UP) if any one can help me out..
  • jasim ahmed said on April 15, 2015
    I want to start new business in Rampur utter Pradesh
  • metric said on June 28, 2015
    Good day sir/madam, i want to start our soap making business in Zimbabwe so please help me my email address mchipumho@gmail.com
  • selvaraj said on February 9, 2016
    I am planning to take a sugar cane juice franchisee business from Bangalore to adopt it in chennai. How well do you think the business would run in chennai? Location would be very near to Bus stand.. And also I have selected one super markets.
  • doris said on October 24, 2016
    I would like to know more on soap detergent and many more. business is my passion. am in kenya

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