|
|
|
|
|
If
you are unable to find out what are you looking
for then just type on the below box n click the
search bottom
|
|
|
STARTING A BUSINESS
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.
Top
5 Questions From SCORE
by SCORE
1. What kind of person makes a successful entrepreneur?
Research of successful entrepreneurs has documented that successful small business people have certain common characteristics. This checklist can not predict success, but it can give you an idea of whether you will have a head start or a handicap with which to work. How do you measure up? Ask yourself these questions: · Can I persevere through tough times? · Do I have a strong desire to be my own boss? · Do the judgments I make in life regularly turn out well? · Do I have an ability to conceptualize the whole of a business? · Do I possess the high level of energy, sustainable over long hours, to make a business successful? · Do I have significant specialized business experience? While not every successful business owner starts with a “yes” answer to all these questions, three or four “no’s” and undecided answers should make you think twice about going it alone right now. But, don’t be discouraged. Seek extra training and support with help from a skilled team of business advisors such as accountants, bankers, attorneys and SCORE counselors.
2
This is where you would add the text of your
choice. You are limited to the amount of text
here, only by the space of this table cell. You
may want to change font face, size, color and
alignment. This is where you would add the text
of your choice. You are limited to the amount of
text here, only by the sp
2. How do I determine whether I am capable of starting a business?
Small business owners have many things in common. Below are some of the qualities you will need to be successful. · Willingness to sacrifice—If you enjoy working 9-5, do not go into business for yourself. Entrepreneurship often requires many more hours beyond the forty-hour work week. · Interpersonal skills—You will be required to interact with a host of people other than customers: lawyers, employees, salespeople. If you do not like talking to people you do not know, better keep your day job. · Leadership ability—You will be the one everyone turns to for the answers. Are you ready to call the shots? · Optimism—Being able to hang in there when business gets tough is an important quality in small business owners. Compare your skills and expertise with others who are successful in similar businesses. Can you duplicate and surpass the capability of other successful businesses? What unique skills, or “edge,” can you provide to obtain a sufficient share of total market?Review business journals, trade magazines and other comparative studies that identify the requirements to operate the business. From that information, derive a formula for the skills and traits you plan to incorporate into the business operation.
|
|
3. Why is a business plan important and who should write it?
A business plan is important because it summarizes both your vision for the company and your blueprint for the company’s operating success. The business plan is a written guide that details the start-up and the future direction of your company.Who should write the plan? You, the entrepreneur. No one else knows your business idea and goals better. Yes, there are services that can do the work for you. However, you must present this business idea to bankers or other investors. Therefore, it is best if you are very familiar and comfortable with the plan.Although there’s no set format, a good business plan typically includes: · Cover page—Identifies your business · Table of contents—Organizes information for the reader · Executive summary—Provides a “big picture” view of the plan, highlighting the factors that will lead to success · Business background—If it is a brand-new business, include your background and skills · Marketing plan—Relates the business’s marketing strategy · Action plan—Summarizes how you will create and deliver your product or service · Financial statements and projections—Illustrates how the business will perform financially based on the plan’s assumptions · Appendix—Includes statistical analyses, marketing materials, résumés.
4. If I am not planning to apply for a bank loan, why do I need a business plan?
The fact that a bank or lending institution requires a well-executed business plan is a secondary consideration. The primary purpose of the business plan is to guide the owner or manager in successfully operating the business. Preparing the plan forces the writer to consider all aspects of the business and to confront any problems the plan highlights.For example, a monthly compilation of all known costs, over time, will indicate the revenue necessary to support these costs, plus a profit. This leads to the question of whether or not this revenue number is reasonable. If not, it may cast doubt on the viability of the venture itself.The business plan is a vital management tool that enables the manager to anticipate situations before they become problems-or worse yet emergencies.
5. How do I determine
my start-up costs and other expenses?
|
|
It is wise to find
out what start-up costs you will incur
before starting the business. Many a
budding entrepreneur takes his or her life
savings, or will borrow on the equity on
their home before figuring these financial
factors, only to find that they don’t
have enough money. There are many web
sites and other resources (including SCORE
offices and Business Information Centers)
that provide guidelines and worksheets to
help determine costs for your
business.Each item on your proposed budget
sheet should be researched. Closely
estimated costs can be obtained from
utility companies, trade associations,
shopping and networking with other
business people who may have already gone
through this experience. Do not start
buying until the investigation shows this
venture is viable and you have all the
information needed.
|
|
|
|
|
| To
solve all ur problem regarding ur study, education,
course selection, etc visit www.eduwebs.info
a totaly educational site to solve ur problem |
|
|
put ur advertise here just
for Rs2/word for 2 months call/sms 09864455146
or mail at sdilip2005
@gmail.com
|
|
| |
|
