Becoming an entrepreneur is gradually becoming the order of the day almost everywhere in the world. To get started with something is a good feeling, but should one ride on the river current you never know of just because you have a nice yacht? The answer is NO!

To get started in any enterprises, there are just some basics a proposed entrepreneur needs to do. A whole lot of physiological, physical, business-wise, marketing basics one need to put in place before diving into an enterprise world. So let’s get started…………….

 DO A SELF-INVENTORY: Before starting any venture, you have got to look at yourself and evaluate yourself whether you have got an entrepreneur traits and also ask some real deep questions like:
• Are you motivated?
• Are you resilient?
• Are you able to adapt and confident?

 DEVELOP AN IDEA: Don’t just start a business because it’s in vogue and you think of commercializing it will make money. Develop a business concept that you are so passionate about, one that you got the skill by talent or experience and from there you can start a product or service that can benefit people lives. The simple truth most people don’t know that about idea generation is that you can only get productive idea when you start thinking about people.
People get enough problems, so be the solution. You get me?

 TEST THE PLAUSIBILITY: I believe this word is not strange to you but in case it is, pick up your dictionary (Lol). Anyway, what am trying to say is that you got to critically look at the product and service you choose and ask
• Is this product or service is something that people really want or need?
• Can you make a profit selling it or offering it?
• Does the product work?

 WRITE A BUSINESS PLAN: Nothing successful in lives will do without plan. I mean can you have a house without having a plan of how to get the land, build the foundation till the roofing stage. So same goes for business, you have got to plan. A solid business plan will guide you going forward. You will have to present your idea to potential investor with your business plan. A business plan will contain your mission statement, company summary, product or services offering etc.
You will need to consult people to come up with a solid business plan but not just anybody, you can learn more about or have it done at KEAConsult (kingemmanuelkep@gmail.com)

 IDENTIFY YOUR MARKET: Even though you might detect some interest in your business, still you have got to do more homework. Really?
Yes, you have to. You are not just selling to few people but targeting a large number of people to offer your service to. Assess the market, targeting people that will likely purchase your products or request for your services. Do a competitive assessment.

 DETERMINE THE TOTAL COST: While assessing your market, you have to research the standard cost factor of product within the industry. Not only will it help you in managing your business effectively but investor will also want to know. Did you see the need for that? Or you want to look dumb in front of your potential investors?

 ESTABLISH A BUDGET: Now you know the cost of the products in overall and you determine how much money you have to work with, you need to figure out how much it will take to develop a product or the services and creating a marketing plan. No matter the scale of your enterprise either big or small, you will have to market your product and for that you need to plan that all from the start-up.
“The success of any company revolves around its ability to make the world aware that its product or service exists. PROMOTION IS KEY”. Hope you now get the quote with the budget set-up explanation.

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@ellary, lemme know your view or questions by the time you are through