The world of business is so vast that it might take one a lifetime to explore all the possibilities it has to offer. In short, the business world is full of twists and turns, making it in a way a riskier endeavor to choose. If you’re one of those brave souls planning to venture into this world, I suggest that you read this article because I will be sharing now simple guides which you may follow in beginning your business.
1. Self-reflection
This means that you have to reflect on what you want in life, what you want to be, and what will take you to achieve those goals. At times, business owners would fail to reflect so much so that when it’s too late, they regret all the decisions they make. That’s why in beginning a business, self-reflection is the primary thing that you should take.
2. Brainstorm about the business idea
It means that you have to analyze the current r existing market. Ask yourself what something new can you offer, how could that something new be useful to your prospective clients, and how could you consistently deliver those outcomes to your clients. This is the time where you have to explore all the limitless possibilities that you might think of.
3. Research time
Once you’ve listed down your target type of business, do comparative research now between what you are planning to offer and what current competitors are offering. If in the end, you’ve noticed that you exactly have the same thing, then you will have to innovate on how you could go beyond what is existing.
4. Gather feedback
This may be coming from your family, friends, or immediate environment or community. Through this, you can somehow get the beat of the customers since you can evaluate what they need and what they want to be based on the feedback that you conducted.
5. Go on the documents
Research on what are the necessary business documents that you might need. Have a list of those and begin working on it. Make sure that your business would undergo all the legal processes so that conflicts or problems can be avoided later on.
6. Come up with a business plan
By business plan, it means that you need to come up with a weekly or even monthly target of income and profit. More than that, try to figure out what milestones do you want your business to achieve as you go along in it and try to put concrete actions which you can do to make those happen. More than that, come up with the list of alternative plans if things would not work out the way you envisioned it to be.
7. Look at the financial matters
Figure out how much are you willing to spend as capital, how much will you pay for the operation, how much will you allot for the maintenance, how much will you sell your products and the likes. By having this, you could compute your total investment amount and figure out what will be your target monthly income to get a decent profit.
8. Develop the product or services
Now that you’re at this stage try to figure out how you could make your products sellable to the customers. What would something new you include in it? What degree of personalization would you out in it for it to be pleasant and appealing to the eyes of the customers? Address these answers, and you’ll be good to go.
9. Create a team
You cannot do it alone most especially if it is a big business. So, the solution to this is to build a team or group of staff who will work for your company. This will make the entire process more comfortable and better. Though of course, it shall increase your operational expenses.
10. Find the place to build your business
Look for a strategic position to develop or establish your business. Make sure that it is reachable as well as visible by the prospective clients. Making sure that your business is located in a strategic location is already a step towards success.
11. Start selling
You can now begin doing your business and selling your products. This may be the most exciting part since you can get to know what will be the response of your customers by selling your actual products.
12. Grow your business
Now that you already established your business. You can now think of possible ways to make it grow or to even expand. In short, you are now planning to make your business move to the next level.
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Emel B. Baldeveso BSIT 3-A2 OCTOBER 22,2021
One of the most important things in a company is choosing a worker. Because a company is one that can be trusted and dependable, so the selection of a worker is important and for the smooth running of the company.
You need the right people in their right roles. By putting the right people in a position, they will help to develop your Company because You hired Job Seekers on their special Field. Choose the right person in the right position. In choosing the right person they should possess the roles of their position.
The importance of having the right people
There different personalities of people or the types of employees. They are the image of your business.
Employees can make a break to your business base on how they handle their task or costumers. The process of hiring people is not just like walking in a beaches, park or mall it is not just picking one over the other . You need to make sure that they are expected to your requirements or qualified to your company you need to be sure that they dedicate their time and resources for the position they want to enter . Always remember you need a worker that is good for long term . Being a good leader it is important to hiring the right employees so they can't give extra stress to you and pressure to your company bad employees can create a huge impact to your business that's why you need a right people to save yourself in trouble.
Starting a business comes from your passion, like want you want to do or what you love. Make your product or business cheaper so that the customer will be satisfied and will buy or come again in your store or company. Make your business or company unique so that you don't have any competitors around you like if they selling clothes , toys or etc, you can have a business that are repairing items or even you upgrade or evolve the item so that it will be unique. The best to spot to put your business is in big city so that many people can see or you can add advertisement like giving fliers or even in builboard if you have a nice early success. Collect feedback on the customers even if its bad or good so that you can reistablished or fix your business. Hire an employee that is suitable for the job. Plan ahead and maintain your profit year by year
It is imporntant having right people to your business, having honest people and trusted people can help your company to reach the goal. And can be model to every employees to become your business succesful.
Starting up a business is not easy. You need to ready on whatever circumstances that you will face in starting up a business.
One important thing also in starting up a new business is the importance of having the right people to hire.
When you hire the right people in your business, they are responsible and willing to work with you in order for you business to succeed.
In starting a new business, you need to have other people to help you, because you cannot do it alone. That is why, it is important for you to hire the right people in order for you to function well the business and there are people whom can you trust in growing your business.
Having the right people you would surround yourself be in business or personal life is a matter of high importance. The right people will help you get to your goal at faster pace and will help alleviate problems that will arise. They will work efficiently on any given tasks specially if it’s in their area of expertise and will improve at a faster pace than those who are not qualified for the position. Manuel Fungo 3A2
ANSWER: It is important to have a right people in your business because the will help you to grow your business, when you hire a people in your company/business make sure that the people you hired have a good manners and sociable to his/her co-workers, and also have an excellence and skills in order to perform a job well.
LORETO J ALIPE III BSIT 3-A2
CONDUCT AUDIT- It is a task every year practices to insure the employee process correctly according to the standard procedure of manuals example documents ,or ,cash control this is a basic requirements company it is effective as i can see ....
INVENTORY OF PRODUCT VS PRODUCT COST PAPER COST IN FAST FOOD CHAIN - it is a well to monitor the stocks product vs punching of counter vs wastage you monitor the proper wastage and punching if not the sales are affected .
CONDUCT FOOD SAFETY AND - it is a basic way to perform it is recommended to all company it is a house role task by hand washing , proper grooming it is comply the sanitation ..
Time Management. To manage the dates of employee and to control the operation monthly.
Meeting Schedule. To have a relation update compress, adjustment, suggestions.
House Rules. To have an orientation t all employees to know the process & regulation.