The document outlines 9 indispensable factors to consider before starting a business: 1) having a business idea, 2) gaining the necessary knowledge and expertise, 3) assessing the market demand, 4) estimating start-up costs, 5) securing capital and financing, 6) analyzing the competition, 7) choosing an optimal location, 8) hiring qualified staff, and 9) leveraging appropriate technology. It emphasizes the importance of thorough planning and preparation to improve the chances of business success.
Chapter 4 writing a business plan(entrepreneurship)Afzaal Ali
A business plan is a written document that describes a business, how it will achieve its goals, and its financial projections. It is typically 25-35 pages and serves as a tool to communicate the business idea to potential investors and obtain financing. The key sections of a business plan include an executive summary, company description, industry and market analysis, marketing plan, management team, operations plan, financial projections, and appendices. An effective business plan convincingly answers questions about the business opportunity, product or service, target market, costs, potential profits, investment needs, and risks.
Opportunity Seeking In Entrepreneurship, Spotting Business OpportunitiesJorge Saguinsin
This is a lecture for entrepreneurship elective in Ateneo Graduate School in the Philippines, a leading school in MBA education. The presentation has been uploaded at slideshare for the convenience and ease of access of present and former students for the said elective. Since the presentation has been updated, the students get the newest and latest.
The most difficult part in any entrepreneurial venture is determine which business to get into. This is often stymied mostly, by seeming overcrowding and lack of opportunity in the market place. The presentation says that there are many ways to seek for those opportunities.
The document discusses different types of business organizations including sole proprietorships, partnerships, corporations, franchises, cooperatives, and non-profits. Sole proprietorships are owned and managed by one individual and make up about 6% of businesses in the US. Partnerships are owned by two or more individuals who share responsibility and liability. Corporations are legally separate entities from their owners and can sell ownership shares to raise capital.
The document provides guidance on developing an effective business plan. It discusses that a business plan tells the story of a business venture and is used to obtain funding, attract partners and employees, and clarify the business concept. An effective plan describes the company, product, team, objectives, and finances. It should inspire confidence in the venture's ability to succeed while also realistically assessing risks. The key sections of a plan typically include an executive summary, details on the company, management, market, operations, marketing, finances, risks, and appendices.
This document provides an overview of key components to include in a business plan, including: an executive summary that tells your business story in 1-2 pages; a company description that outlines your business structure, goals, and funding needs; an analysis of the target market and industry; a marketing plan that explains how you will reach customers and position your business; descriptions of daily operations, management team, and sales/financing projections; and 3 years of financial projections. It also discusses common mistakes like poor research or formatting errors and emphasizes keeping the plan concise while engaging the reader.
Financial plan and Projection for EntrepreneurWisnu Dewobroto
A business plan consists of three key financial statements: an income statement, cash flow projection, and balance sheet. The document explains how to prepare these statements by first gathering financial data on startup expenses, operating expenses, revenues, and expenses. It provides details on what each statement covers, such as the income statement showing profits over time, the cash flow projection forecasting cash inflows and outflows monthly, and the balance sheet summarizing assets, liabilities, and equity at a point in time. Preparing these three statements is essential for the financial plan section of the business plan.
This document provides an outline for a typical business plan, including sections on the executive summary, company summary, products, market analysis, strategy, management, and finances. It discusses the contents that should be included in each section, such as an overview of the business, company structure, location, personnel, goals and objectives in the company summary section. The marketing section should include market research on customers and competitors as well as specific marketing and sales strategies. Operational details like overhead costs, suppliers, distribution, assets and insurance are also addressed.
The Business Plan, Creating & Starting the VentureMuhammad Ali
1. The document provides an outline and overview for creating a business plan, including sections on planning, describing the venture, production, operations, marketing, and organization.
2. Key components of a business plan include an executive summary, environmental and industry analysis, description of the venture, production plan, operations plan, marketing plan, and organizational plan.
3. An effective business plan provides guidance for management, helps obtain financing, and allows entrepreneurs to clarify their thinking about the business.
The document provides an outline for writing a business plan, including sections on the executive summary, industry, market analysis, competition, marketing plan, management plan, operating plan, and financial plan. It discusses each section in 1-3 sentences and provides tips for writing the executive summary, including keeping it short at 2 pages or less and tailoring it to the intended audience. Research sources are also provided for gathering industry data, including Statistics Canada and Industry Canada websites.
This document discusses calculating and interpreting profit. It explains that profit is the return from taking a risk and measures business success. The profit formula is total revenue minus total costs, with profit occurring when revenue exceeds costs. Methods for measuring profit include absolute profit amounts and relative profit margins. The document also provides strategies for increasing profits such as raising prices or sales volumes while lowering costs.
This presentation covers a number of issues relevant to starting and running a business, including:
* Starting a business: What you need to know
* Ownership structures: Pros/Cons of each
* Business plan: Your roadmap to success
* Financing your business
* Building a relationship with your bank
* Why businesses fail
Speaker: Ms Veni Iozzo, Vice President, CML Business Development, CIBC
More information: http://www.marsdd.com/Events/Event-Calendar/Ent101/2007/mechanics-business-20071212.html
The document is a lecture on business plans that discusses:
1) The purpose of business plans is to identify business opportunities and how the entrepreneur plans to exploit them.
2) Business plans should describe the industry, target customers, competition, company, products/services, marketing, operations, management team, risks, and financial projections.
3) Effective business plans require thorough market analysis, clear writing, and evidence to support any claims.
Entrepreneurship involves recognizing business opportunities, managing risk, and mobilizing resources to create value and bring a project to fruition. An entrepreneur undertakes the formation of an organization by identifying potential demand and transforming it into supply. Successful entrepreneurs search for and exploit changes as opportunities, believing in increasing value and customer satisfaction. Entrepreneurship provides employment, increases purchasing power, and promotes regional development. However, entrepreneurs face issues in selecting and financing their business, choosing an appropriate legal structure, locating it, and finding suitable manpower.
This document provides an overview of the objectives of a business. It discusses the economic, social, human, national, and global objectives of a business. The economic objectives include profit earning, customer creation, innovation, and efficient resource use. Social objectives involve producing quality goods/services, fair trade practices, and contributing to society. Human objectives center around employee well-being, satisfaction, development, and helping disadvantaged groups. National objectives consist of job creation, social justice, prioritizing domestic production, and generating government revenue. Global objectives pertain to expanding international trade and complying with global standards.
BUSINESS PLANNING 101: ENTREPRENEURIAL MASTERCLASSTaiwo Adepoju
BUSINESS CONCEPT, BUSINESS IDEA, BUSINESS PLAN, WHY AND HOW OF BUSINESS PLAN, STRATEGIES FOR EFFECTIVELY WRITING A SUCCESSFUL BUSINESS PLAN, BUSINESS DEVELOPMENT PROCESS, BUSINESS PLAN FORMAT
The document provides information on starting a small business in the Philippines. It discusses the rewards and risks of entrepreneurship, including having unlimited opportunities to make money but also risks of business failure. It outlines the process of starting a business, from self-analysis to determine if you have entrepreneurial characteristics, to writing a business plan, determining financial requirements, and registering the business. It also covers determining the type of business based on ownership, and sources of financing, emphasizing the importance of sound financial planning. The document serves as a guide for prospective entrepreneurs on evaluating their skills and developing a successful plan for launching a new business venture in the Philippines.
Watch this with a 10-15 minute audiotrack at http://vimeo.com/novusprogram/lesson24
This lesson is the final chapter in the Novus Business Curriculum. It describes the purpose of a business plan and its core elements. The lesson provides an overview of what type of information should be included in each part of a business plan, key questions to ask yourself as the business plan is prepared, and what other Novus lessons can be reviewed in order to effectively write each section.
The Novus project is a combination of video tutorials designed to be used in conjunction with a free business simulation software program. The Novus Business and IT Program contains 36 business and IT training videos, covering basic finance, accounting, marketing, economics, business strategy, Word, Excel, and PowerPoint. Users will have an opportunity to apply the lessons in the Novus Business Simulator. Over six rounds, the user or teams will have to make decisions on capital purchases, financing, production, financing, and human resources for a microbrewery. This channel has arranged the 36 video lessons into the order in which they are meant to be used with the simulator. To watch this slideshow as a video, please go to our Vimeo page at: https://vimeo.com/novusprogram. To download our free business simulation software, please go to our SourceForge page at: http://sourceforge.net/projects/novus/.
A business provides goods and services to customers. Goods are tangible items that are made, bought, and sold, while services are activities done for customers. Businesses require inputs like labor, equipment, raw materials, and finance to operate their transformation process that adds value and creates outputs. Businesses operate across primary, secondary, tertiary and quaternary sectors. Entrepreneurs take risks to start businesses to meet customer needs and wants, creating jobs, innovation and taxes to benefit the economy. Successful entrepreneurs are passionate, visionary, energetic, resilient and results-oriented.
This document provides guidelines for creating an effective business plan, including the purpose and qualities of an effective plan, target audiences, common plan sections and their contents, and tips for the executive summary, company description, product/service, market analysis, marketing plan, operational plan, management team, financial plan, funding, and conclusion sections. The key sections of a business plan are outlined as the executive summary, company description, product/service, market analysis, marketing plan, operational plan, management team, and financial plan. An effective plan clearly presents the business or product, target market, marketing strategy, operational details, management team, and financial projections.
This 12-step document outlines the process for starting a business, beginning with taking a skills and interests inventory to determine the right business idea. It recommends thoroughly researching and evaluating the business idea by analyzing the target market and competition. Finally, it stresses calculating all startup costs and writing a full business plan to guide the venture. The 12 steps provide a systematic approach to launching a new business from identifying an idea through planning finances.
Open Pantry Consulting - How To start Or Renew Your Food BusinessShaun de Vries
The document provides a practical guide for starting or renewing a food business. It covers key topics such as conception of the business concept, branding, marketing, financing, location selection, menu development, design and fitout, talent acquisition, and operations. The guide emphasizes defining the concept, purpose, and value proposition to develop a strong brand identity. It also stresses financial planning, supplier selection, staff training, and establishing standard operating procedures for long-term success.
This document discusses factors to consider when selecting a business venture, including proximity to raw materials and markets, availability of infrastructure, economic policies, demographics of target customers, industrial clusters, export processing zones, and free trade zones. It emphasizes the importance of locating a business near suppliers and customers to reduce costs and make it easy for customers to access products. Government policies, taxes, and the characteristics of the local population are also important to evaluate for different types of businesses.
The document outlines 10 steps for starting a small business:
1. Get an idea and inspiration for your business.
2. Research the market and competition to validate the business idea.
3. Create a business plan to outline goals, marketing strategy, and funding.
4. Plan your business finances and funding options which may include loans, grants or investors.
The document provides guidance on creating an effective business plan. It recommends beginning with an executive summary that briefly outlines goals, background, and financial position. The next sections should include a business description, market analysis of the industry and competition, an action plan for operations and management, and financial projections and funding requests. The business plan should clearly and concisely communicate the problem being solved, market opportunity, and strategy for achieving success.
The document provides guidance on conducting a feasibility study for a new business idea. It discusses that a feasibility study identifies potential problems with an idea and determines if the idea is viable and worth pursuing. It then outlines key steps to take in a feasibility study, including assessing the market demand and competition, understanding what a feasibility study entails, and writing the market feasibility section to analyze the potential market. The overall document serves as a guide for how to properly evaluate a new business idea through a feasibility study process.
Thewiseentrepreneur.co.ug is passionate about entrepreneurship, developing capacity in people and organizations, and transforming people through paradigm shifts, win-win mindset, and knowledge sharing.
This document discusses seven key factors to consider before starting a new business: 1) assessing market demand and conducting market research; 2) preparing sufficient financial capital; 3) gaining relevant knowledge and expertise; 4) understanding competition; 5) choosing an optimal location; 6) complying with laws and regulations; and 7) acquiring adequate human resources. Conducting proper planning in these seven areas is important for setting up a new business venture that has the greatest chances of success.
Top 10 business mistakes when starting a businesszubeditufail
The document outlines the top 10 mistakes businesses make when starting up. These include not creating a business plan, doing what you love instead of what you're good at, failing to do market research, ignoring competition, not considering your own strengths and weaknesses, misunderstanding what you're actually selling, underestimating startup costs, neglecting marketing, ignoring online marketing opportunities, and trying to do everything yourself without help. Taking the time to avoid these common pitfalls will significantly increase the chances of a new business succeeding.
The document provides tips and advice for starting a new business from experts who have started their own businesses. It discusses researching market opportunities, developing a business plan, choosing a business structure, financing, hiring staff, branding, marketing the business, and common mistakes to avoid. The key steps outlined are researching your business idea, writing a business plan, registering your business as the proper structure, obtaining financing and suppliers, hiring staff if needed, developing a brand and marketing strategy, and getting the word out about your new business.
The document outlines the key components of a business plan, including an introduction, executive summary, business description, market analysis, marketing plan, organizational plan, financial plan, and exit strategy. It provides guidance on what to include in each section and important questions to answer. The business plan template aims to help entrepreneurs research all important aspects of a new business venture and clearly present the information needed for potential lenders or investors.
Alternatives to Select The Perfect Business - EFactorEFactor Global
This document discusses different approaches to selecting and starting a new business. It begins by explaining that one's greatest successes come from utilizing their natural talents and doing what they love. It then outlines three main approaches: starting from scratch with your own idea, purchasing an existing business, or acquiring a pre-packaged franchise or business opportunity. Each approach has pros and cons in terms of risk, reward, and initial investment required. The document provides examples and advice for evaluating each type of opportunity to help select the right fit.
10 Things Emerging Technology Companies Need to Know to Jump Start Their Way ...Debbie Gee
The document provides advice for emerging technology companies on how to jump start revenue generation. It discusses 10 key things companies need to know, including being wary of hastily hiring a sales force, being objective about their technology offering, knowing their competition, understanding where they are in the emerging technology curve, clearly communicating value to customers, being prepared to invest in winning customers, knowing when to partner, leveraging existing customers, simplifying their message, and being realistic about timelines. It also discusses how companies can execute their strategies through an outsourced sales and marketing option to help reduce costs and accelerate revenue.
This document provides an overview and guidance for starting a business. It discusses introspecting on one's skills and vision, defines the target market through research, outlines steps to formally structure the business such as choosing a name and legal form, and emphasizes the importance of a business plan to identify strengths/weaknesses and guide operations. The document is from Neusource, a company that offers outsourced accounting, taxation, and management support services to startups and small businesses.
This document provides tips for writing an effective business plan to obtain funding for a startup. It explains that a good plan clearly demonstrates that there is a profitable market and product/service, outlines how the business will operate efficiently, and shows how expenses, costs and profits will balance out. The tips recommend thoroughly understanding the business and target market, tailoring the plan to the specific audience seeking funding, only requesting necessary funding that can be backed by evidence, and keeping the plan concise by directly answering the most important questions for investors.
To start a successful home business, one must first assess their skills and interests to generate business ideas. It is important to test the market demand and understand any legal regulations. Finally, an owner must determine the startup capital and create a business plan that calculates the break-even point.
This document provides guidance on developing a business plan to convert ideas into a business. It recommends:
1. Creating a business plan to think through your business ideas and gather important facts. The plan will reveal your knowledge and help fine-tune your product for customers.
2. Including key elements in the plan like your value proposition, revenue model, competitive environment, competitive advantages, marketing strategy, organization details, management team, fundraising strategy, and shareholders agreement.
3. Conducting market research like creating customer profiles and surveys to deeply understand customers' needs and pain points. The research will help design a product that customers will value.
This document discusses keys to startup success and tools that can help businesses. The three keys are financial acumen, marketing prowess, and mindset. Financial acumen involves understanding finances, while marketing prowess means understanding the market and customers. Mindset is important for driving success. The document also describes tools from Mindfit and Goricos that can help with idea generation, achievement, and international conformity with a small cost.
Similar to 9 Indispensable Factors to Consider Before Starting a Business (20)
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A guide to understand the brand audit. Tips and tricks on how to understand and identify the brand problems and further solve it with a comprehensive action-plan
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This SlideShare discusses the journey of packaging from ‘Conservation to Communication’, various neuro-marketing tactics employed in packaging design to the recent packaging design trends of 2018.
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2. About this template
9 Indispensable Factors to Consider Before Starting
a Business
Almost every individual dreams about starting his own business. Yet only 4% of the newly started
businesses manage to reach the 10 year mark.
In fact over 50% of the small businesses don’t even make it to the fifth year. Most people have no idea
about the various things to consider when starting a new business.
It is just a desire to be on top of things that motivates many to start businesses. They have no idea
about the money that is required, the hard work that they have to put in, the knowledge and the
experience that they have to gain, and the kind of patience they need to have, until their business
reaches up to a certain level for them to break even or make profits.
Well begun is half done’ is what they say. So if you want to start your business, you have to get all the
things needed to start a business.
2
3. 9 Indispensable Factors to Consider Before Starting
a Business
◉ Here is a checklist that will give you a list of factors to consider before starting a
business:
◉ A Business Idea
◉ Knowledge or Expertise
◉ Market or Demand
◉ Start-up Costs
◉ Capital and Finance
◉ Competition
◉ Location
◉ Staff
◉ Technology
3
5. About this template
9 Indispensable Factors to Consider Before Starting
a Business
Every business starts with an idea – a super duper idea that actually works. If you want your business
to stand out, you will need to offer something that no one else has offered till date
5
6. About this template
9 Indispensable Factors to Consider Before Starting
a Business
That said not everyone can come up with a unique business idea. There might be hundreds of
businesses just like the one you are going to start. Yet you can make it better by answering the
following questions:
What do I need to do to make this better?
What is it that I can do better than what the other guys are doing?
Will I be able to grab some market share in this category?
You may have a great business idea; but unless it solves someone’s problem it is not going to work.
So start by listening to frustrations – both of yours as well as others (your family members, your
neighbors, your friends, and your associates).
Once you have understood these, here is what you can do:
See what best you can do to address these frustrations.
Identify the skills in you that will help you offer the right solution.
Find out if you are actually passionate about offering that solution.
And Voila! You have your business idea.
6
8. About this template
9 Indispensable Factors to Consider Before Starting
a Business
Once you know what business you want to start, you will have to start gaining the required knowledge
and expertise to start that business.
This might take a lot of research and planning; but at the end all these efforts will ensure that you have
everything in place to get your business idea off the ground.
8
9. About this template
9 Indispensable Factors to Consider Before Starting
a Business
Having a business plan can be highly advantageous at this stage. It will tell you whether your business
has a place in the market and if the idea is worth or profitable enough to go ahead with.
If you have the knowledge you can construct one, all by yourself. If not, you can always hire a
professional business consultant to do it for you.
Meanwhile you will have to continue with your research to keep your knowledge up-to-date.
Recommended: Never Compare Your Beginning To Someone Else’s Middle
9
11. About this template
9 Indispensable Factors to Consider Before Starting
a Business
Once you are sure of starting your business, your next step would be to explore the market or the
demand for your product or service.
Start by answering the question, who are your customers. If you are selling your product or service
locally, you may have to assess the demand for it. In case you are taking up on an international level,
you may have to understand the rules and regulations of dealing internationally.
A market survey should reveal all the details that you may need about the market for your product or
service. Basically you are looking for:
The current size of the market (the approximate number of potential buyers)
Its growth potential (whether it is likely to grow in size or contract)
The market share that you can expect to take
The buying habits of the target audience (and how to exploit them)
The different segments of the market
The kind of margins that you can expect from the market
Thankfully social media has made it possible to reach out to target audience, anywhere in the world,
without having to put in too much of efforts.
11
13. About this template
9 Indispensable Factors to Consider Before Starting
a Business
Estimating your start-up costs is one of the very important things to consider when starting a new
business. You will have to assess the total cost that is required to set up and run your business
successfully.
13
14. About this template
9 Indispensable Factors to Consider Before Starting
a Business
If you are thinking of starting a manufacturing plant, your start-up costs could be very high. You may
have to think about the cost of the land or building, setting up the plant, buying the equipment and
machinery, investing in furniture and office equipment, and various other things.
In case of a retail business, you may still need to think of the cost of the store as well as the furniture
required to decorate it. An office can be started with relatively lower cost since all you may have to
invest would be in furniture and office equipment.
Once your business is set up, you will have to think about the working capital needed to run your
business.
You will have to take into account the inventory that you need to maintain, the credit that you can
extend to your customers and the supplier’s credit that you can get.
In not all cases can you expect credit to be given by the suppliers, especially if you are a new name in
the market.
14
16. About this template
9 Indispensable Factors to Consider Before Starting
a Business
No business in this world can run without money. Depending on the type of business you are starting
and the initial costs that you will have to pay up for, you will know what kind of capital you would need
to start your business.
Whatever steps you take, to finance your business, you will have to make sure you have the required
funds to take you through the startup phase.
The financing pattern is one of the most important factors to consider before starting a business. This
generally includes the capital that you can introduce from your savings as well as the funds that you
can borrow.
Personal savings are what 77 percent of the small businesses rely upon while gathering their initial
funds. But you can’t really go over the board if you cannot fund your entire business.
Funds can be borrowed for business, either through short-term or long-term loans. Nevertheless, you
may have to keep in mind the terms and conditions of borrowing such funds including the cost of
borrowing, the rate of interest, the repayment terms, and the security that is required. Approach a few
banks and private lenders, get a few quotes, and compare them to identify the most beneficial type of
funding.
It would be ideal to go for long-term funds only if you have to purchase any fixed assets. For working
capital requirement short-term funds would be sufficient. This way you can make sure they are paid
back once your business starts progressing.
16
18. About this template
9 Indispensable Factors to Consider Before Starting
a Business
Unless you know who your competitors are and what they are doing, you will not be able to survive in
the market for long.
If your product is a monopoly competition will not matter. Else, you will have to come up with an
excellent strategy to fill in the demand and supply gap.
Gaining a market share should be on top of your mind if you are about to start a business. If there is a
huge demand for your product, this shouldn’t be too difficult. If not you may have to strengthen the
position of your business to gain an entry into the competitive market.
Analyzing competition includes getting to know your competitors, figuring out how they have
positioned themselves, identifying their pricing and marketing strategies, and evaluating their strengths
and weaknesses.
Once you have all the information it is all about conveying your unique selling point to your target
audience. If you can do this well you will survive no matter how tough the competition is.
18
20. About this template
9 Indispensable Factors to Consider Before Starting
a Business
One of the most important things needed to start a business is a good location.
If yours is a retail business you will have to look for a well-populated area that is easily accessible.
20
21. About this template
9 Indispensable Factors to Consider Before Starting
a Business
If it is a manufacturing unit you can choose a location that can let you save money on electricity, water,
taxes, and transportation. Look for a place where manpower is easily available and raw materials can
be sourced easily. You can even look for a location that can get you rebates and subsidies from the
government.
If yours is a niche product or a service, you may have to look for a single location where all your
competitors are. For instance, if it is a software company you want to start, you may have to look for a
software belt where all other software companies have set their shops. Similarly, the ideal location for
a gold vendor / jeweler would be a gold mart that has housed many such shops.
Offices can be set up in any place that is accessible and offers good facilities such as parking spaces,
refreshments, transportation, and so on.
Make sure the location fits well within your budget and offers scope for expansion. An ideal location
would be one that complements your business in the best possible way.
21
23. About this template
9 Indispensable Factors to Consider Before Starting
a Business
Your staff members are the ones that can make or break your business.
Without efficient manpower no business can ever succeed. That said an efficient staffing strategy
needs to be in place if you want to reduce your staff replacement expenses.
You can hire a recruitment agency or use various recruitment tools to fill in your positions with the right
talent.
There are also a number of websites that make it easy to find the exact kind of people you are looking
for. Signing up for a couple of these can make your job, both easy and cost-effective.
Apart from hiring the right staff there is also the training that you need to think of. This will ensure your
staff members will be in a better position to handle their responsibilities and meet the expectations you
have set for them.
Finally you will also need to think about paying their salaries and perks to keep them motivated
enough at work.
23
25. About this template
9 Indispensable Factors to Consider Before Starting
a Business
Technology is one thing you can never compromise on when it comes to starting a new business in
today’s world.
Whether it is office equipment, plant and machinery, or the software required to monitor your business,
you will have to make sure it helps your business to perform well in the long-run.
Here are a few steps you can follow, while choosing the right technology for your business:
Assess the requirements of your business
Make sure the technology you choose helps in making things run smoothly
Consider leasing technological equipment if you want to stay up-to-date
Always have a backup plan
Make sure you have the required support for installing, upgrading, and troubleshooting the
technology that you choose
Invest in training so that you can make maximum use of the technology
25
27. About this template
9 Indispensable Factors to Consider Before Starting
a Business
When trying to start a new business you may see a lot of doors getting slammed in your face, a lot of
people trying to shut you down, and a zillion cant’s and don’ts from all over; but with a ‘Can Do
Attitude’ you can rise above all of it.
27
28. About this template
9 Indispensable Factors to Consider Before Starting
a Business
Dreaming big is not the only thing needed to start a business. You will also need to believe in that
dream and work towards achieving it with an excellent business strategy.
Apart from the above factors to consider before starting a business, there is another one that seems to
be very important – web presence.
In fact every business can benefit from web presence, whether it is a website, a social media page, or
an online brochure.
Today there are many websites that offer all the tools and templates that you would need to create
your own site within minutes.
But if you have the funds, it can be extremely beneficial to get a professional web designing company
to do up your website for you. For all you know they may also have an SEO expert who can help you
save a lot of money on marketing your business.
28