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Initial Steps to Open Your Own Business

Posted on November 25, 2020December 8, 2020

One of the keys to success in starting USAha is the ability to pour creative and innovative bright ideas or ideas that have high economic/commercial value into a mature and realistic Business Plan. Whatever type of USAha we will run. Especially if followed up by putting these ideas in writing so that they can be communicated to other parties. Business plans are plans about what is done in a business in the future including resource allocation, attention to factors key, and process existing problems and opportunities. Broadly speaking, the content of a business plan starts from a summary, mission statement, key factors, market analysis, production, management, and financial analysis such as break event analysis and others. The need for a business plan is absolute if we are going to run a business. , because business planning itself is like a map and compass for running a business. With a plan, we can set our main business goals, priority scale, and set cash flow. While good business planning will make our chances of business success even higher. Good business planning in itself is a process, not just planning. Good business planning indicators include:
a) Simple (containing ease and practicality) to implement
b) Specific (concrete, measurable, specific in time, personnel, and budget)
c) Realistic (realistic in terms of goals, budget, and time achievement targets) and Complete or complete of all elements.
Tips for the first steps to open your own business
It is for this reason that a mindset is needed to open your own business. Opening an independent business is not easy. Some special tips are needed so that your efforts are not in vain. Indeed, careful planning is needed so that all targets can be achieved properly. And here are some tips for starting your own business.

  1. Analyze the Type of Business
    The analysis is the first step that will determine the future of your business. To open a business from scratch, what you need to pay attention to is to analyze the type of business that suits your interests and talents. In fact, it would be even better if your efforts were based on experience and special expertise. To see the business potential that you have set up, you can do initial exploration or soft marketing. With the hope that you can see market interest in your business
  2. Doing a plan or concept
    Planning is half a business trip. To open your own business you need to plan everything that is needed. Until the concept to be worked on must be mature at the beginning of the opening. This is useful to see the funds you will need. So what needs to be done and what is the purpose of opening a business later. And if you don’t want to be busy with planning you can take advantage of the franchise business model. By contacting the franchisor, it will be easier for you to start your business.
  3. Provide venture capital
    For capital matters, it really depends on the concept of the business to be opened. If the business is a middle to upper business, the funds will be different from that of a small business. However, for the initial process, it would be better if you prepare enough capital. If you believe you have a unique business concept, you can apply for funds to the bank. Or you can also contact colleagues to work together on funding issues. However, if this is not possible, you can contact your family to create the business you want.

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