Starting a business is not an easy one even when you have all the financial assistance you need. There are challenges potential entrepreneur encounter which maybe finance, experience and so many other unforseen contingencies. Starting a business is difficult and easy at the same time depending on how you plan your business. Below are six tips to starting your own business.



1. Know the Business You Want to Do

Knowing what you want to do is the number one step to starting a business. Sometimes we have the resources to start up a business but we don’t know what to invest the money in and when to invest it. Knowing what you want to do is the starting point of a successful business.



2. Learn About Your Business

You might know what to do but not knowing how to do it will cripple the business. You must have to read, practice, learn and consult experts to understand your proposed business. Know and understand your potential costumers for they are the key to a successful business.



3. Invest in What You Have Passion for

Investing in your passion makes the running of the business easy. Investing in your passion sometimes means monetising your hobby. You can withstand challenges and can persevere in difficult times. Some business crumble because the entrepreneur started a business because a friend, family or colleague succeeded in the business.

Note: Not all hobbies can be converted to a business venture.



4. Start Small and Think Big

I know many will ask, Why start small when you have the resources to start big. Yes its better to start small and think big. When starting a business there are challenges you must encounter, sometimes if you fail to handle it properly your business crumbles. Starting small enables you understand those challenges and the solution to them. Thus expanding your business will be easier for you



5. Create a System for Your Business

Any organisation that does not have a mode of operation will fail. The same is applicable to any form of business. For a business to be successful, it must have a proper record of everything that happens in the business both finance and goods. The system of your business should be such that it can operate even in your absense.

Its important you back your business up with prayers. A common quote says “we plan but God proposes”.

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First time to hit front page...I dedicate this space to Goodluck Jonathan. My own business is to build houses for those men that only want their spouse to belong to the kitchen, sitting room and the other room.

I want to open Naijabet. Hw do I start it

I am planning to set up a church so i can collect tithes and offerings from lazy Nigerians who fails to use their brain but rather wait on a sky daddy to come down from heaven to bless them with riches and prosperity. Religion is a multi billion dollar industry and i must tap into it before everyone becomes wise that religion is the greatest scam invented by mankind

We know all DAT, give us funds to start up. Shekeina

Start small and think big, I concur with that, number 7 is that don't start with bank loan

orlarbissy:
We know all DAT, give us funds to start up. Shekeina

Literally ROTFL

Thanks for sharing

where is the sixth?

nice

With the present harsh economy, it's not easy starting a small scale business and banks are not willing to grant loans. The thunder that will fire Buhari dey do press up on top water right now

It is strong desire, strong determination and strong motivation make a business successful.
That's why you see illiterate own company and literate work for them.

this is called stating the obvious!
well done

1. Have availible cash for spending

2. Have historic access of the buisness

3. Employ flat heads incase of ......

4. I will update the rest later before flatton cobra attack me

Yes nau, aren't u tried of all this topics?

Contact17:


Literally ROTFL

A Fine post.

patriotic9jaboy:
I am planning to set up a church so i can collect tithes and offerings from lazy Nigerians who fails to use their brain but rather wait on a sky daddy to come down from heaven to bless them with riches and prosperity. Religion is a multi billion dollar industry and i must tap into it before everyone becomes wise that religion is the greatest scam invented by mankind

must u attack God

patriotic9jaboy:
I am planning to set up a church so i can collect tithes and offerings from lazy Nigerians who fails to use their brain but rather wait on a sky daddy to come down from heaven to bless them with riches and prosperity. Religion is a multi billion dollar industry and i must tap into it before everyone becomes wise that religion is the greatest scam invented by mankind

Start it and see d consequence

Kennitrust:
must u attack God

Where is God in my post?

in this buhari era, businessmen are the only ones getting paid, you'll be surprised even the akara Seller at your junction earns more than you a civil servant. its either business or MMM

Nice one there OP... Buh then G factor is essential tho
my 2 cents

Haphard:
Start it and see d consequence

The consequence will be me riding stretch limousines and private jets like the daddy G.O's and other pastorpreneurs while my congregation wait in vain for divine intervention that will never come

jazzy4naija:
where is the sixth?

my thoughts exactly.

patriotic9jaboy:




The consequence will be me riding stretch limousines and private jets like the daddy G.O's and other pastorpreneurs while my congregation wait in vain for divine intervention that will nevee come

LOL, SHEI U NO UR SOME HOW HEARTLESS?.

Creative and innovative. Nice Tips, in addition be determined and never give up and always put God first in what you do.

patriotic9jaboy:




The consequence will be me riding stretch limousines and private jets like the daddy G.O's and other pastorpreneurs while my congregation wait in vain for divine intervention that will nevee come

Idiot u knw al those real men of God live a fasted life, am sure u cant even fast 4 3days talkless of a whole week. U tinking upside down.

Nothing new we haven't heard before... more like a reminder.

Nothing new we haven't heard before... more like a reminder.

NICE POST!!

AIMGLOBAL "[color=#006600][/color]

that moment when you rush book space hoping to come back and update......


but after reading, u nor com get any meaningful thing to contribute

Nice

Good