Do you want to Start your Own Business?
Do you really want to start your own business? If yes, the following will help you a great deal. Make sure you read it through and prepare yourself as you start your own online/offline. Starting a business will change your life. Make sure that change is for the better with proven advice on successful strategies for small business, practical guidance on partnerships and how to incorporate a business, a run-down of financing options, and more.
Find a Need and Fill it.
The first thing you need to do before you start your own business is to find the needs you can meet. In simple terms, business is all about buying and selling. What will people buy from you? How often will they buy what you are selling? What value will people get from what you are selling. To start your own business, you need to find settle this. Find a business opportunity or idea that you can turn into a successful business.
READ: How to Spot Viable Business Opportunities in Nigeria
After finding the business opportunity or idea, you need to start putting flesh to your idea. People don’t see ideas, they see things that represents you business idea.
Create your logo
Let the experts guide you through the logo design process. You should get a professional logo that you can use to create business cards, signs, and more.
Choose your business type
Choose whether you want your business to be an enterprise, incorporation, public or a private business. In Nigeria, there are business types as follows;
* Limited (Ltd.): a private company limited by shares
* Public Limited Company (PLC): a public company limited by shares
* Limited by Guarantee (Ltd./Gte.): a company limited by guarantee (non-profit company)
* Unlimited (ULtd.): A company with a share capital, similar to its limited company (Ltd., or PLC.) counterparts, but where the liability of the members or shareholders is not limited.
You can check for other countries on the Types of Business Entity
Business planning help
Get access to training from business planning experts, access to sample business plans, and free ebooks, software and all that would help you develop a great business plan. This is essential for you to get investors for your business.
How much money do you need to start your business? When will you break even? Answer these questions, and more. This is one of the plan you need to carryout. You should be able to get a hold on this.
You should also find guides that will teach you how to buy a business, choose and protect your company name. Those who succeed at their business are those who take it as a business. You need to learn a lot and apply them accordingly.
Establish your brand
Do everything in your power to build a brand for your business. Make sure you continue to build authority for your business.
Start your business website/blog
All new businesses need a website. Get online quickly and easily by reserving your company domain name (yourcompany.com). I can help you get this as soon as possible. I can help you create and start your own professional business blog to get started with this.
READ: Cheap WordPress Blog/Site Setup
In conclusion, all the above may look vague. Yes, it’s just that you can’t learn everything about business in just one article. The good thing is, if you stay tuned, you will get more information about building business (mostly online business). That is one of the things I teach on Make Money Online Nigeria. For you to get the posts when they are published here, make sure you subscribe with your email address, RSS, follow this blog on Twitter and on Facebook.
Originally posted 2011-05-19 19:00:55.