Starting a Business 1: Have Entrepreneurial Mindset
The entrepreneur or starting a business person who has a totally different mindset than normal. While most content with a job, profession, or work on what you find to pay the debts, the entrepreneur is thinking at all times to have YOUR business. That is, it may be a simple car wash, or even working from home, but he has that sense of belonging and autonomy from the world. You want to create, is not afraid to start, is aware that there will be mistakes and problems but the faces. If not in this tune, yours is probably not start a business.
Starting a Business 2: Failure is part of the process
Feel angry when we are wrong, for example, many businesses have committed many errors, such as buying more inventory, not doing market research before a fight with a customer, and so on. However, these are situations PART of the process of learning the business. We can not become discouraged and leave the business because these problems occur. But learn from them, fix them and move on. This will be crucial in the process of starting a business and manage it over time.
Starting a Business 3. Start small
One lesson I learned is this: test your small business before investing your money. This means, for example, try it with your friends, importing 1 unit and try to sell it, open a store in your house to see if you sell, try to sell a product that still do not have to test for commodity demand, etc.. This means starting a small business. Try before you invest. Whether you sell before you have the product. It is important you spend time on these tests or customer look bad at first. The important thing is whether your business idea is right before you know it (after investing your money, time and spirit) you will not succeed.
Start a Business 4. Experience
Have experience before starting a business is critical, the most profitable businesses were created based on work experience they had in advance entrepreneurship. Many people believe that is enough to be motivated or have expertise in management: Error. Need to do a SWOT analysis (identifying strengths, weaknesses, opportunities and threats) to define what business has more potential to succeed.
Starting a Business 5. Business Plan
The general idea of a business plan is a macho than 200 pages of business theory. In practice, this is not true. The business plan is the guide, what does this mean? We want to establish the most important business writing, to determine if it has potential or not and how we intend to act in time. I recommend you check these items business plan or course CEUNA 2.0 to develop this part.
Starting a Business 6. You can start with little money
A common mistake is to invest all the savings of a life in business. The negotiations are difficult, not at first we’re going to make millionaires sometimes takes up to 5 different business development to find one that succeeds. It is therefore essential to invest the least amount of money at first, and as I said in one of the above, “test” before launching the business. For example, you manufacture a product for an innovative business and try to sell it before producing hundreds or thousands of units, can be imported from China X product, and test if it is sold, can open a business from home and see how it works before.
Start a Business 7. Many ideas
We have the idea that the entrepreneur had a brilliant idea in a dream, and with that became a millionaire. The reality is this: we need to look across multiple business ideas, business opportunities and our experience and ability, and at least 10 ideas that could be used to start a business. Once done, you need to analyze and select the best option at present.
Starting a Business 8. Affordable Errors
One aspect that we must accept as new business entrepreneurs are the errors. For example, buying a product that is not sold, to spend on marketing or advertising that did not perform, hire someone and it does not know to sell or serve customers; send the wrong product or poorly functional. Therefore, a tip is that the decisions we make, consider the cost. That is, we assume that decisions are a “mistake.” How much would it cost me this error? With it, we take “economic decisions”, ie that are affordable in spite of mistakes or failures that result. For example, buying a small amount of product to sell, measure advertising spending and invest little to see results, hire someone for a trial period before making a formal employment test all products before shipping.
Starting a Business 9. Diversify
In the long run, the entrepreneur must diversify their income, this means, we must have income from various sources, since businesses are trading in good seasons and bad. For example, we open a store devoted to selling beauty products, and have a variety of products, likewise, offer beauty services and collect advertising, selling the same products in Mercadolibre; sublet space to a manicurist, offer services or products complementary health, etc.. This allows us to make more income from business diversification.
Start a Business 10. Patience
There is a difference between patience and remain static. In the latter, let the business go down by the lack of decision at the right time. With patience, I mean the combination of perseverance and faith in business and in yourself. These are two ingredients: firstly,
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