YES THERE ARE THOUSANDS OF BUSINESS YOU COULD START WITH MORE EMERGING DAILY, THANKS TO NEW TECHNOLOGIES.
THERE ARE FEW VERY ESSENTIAL BUSINESS START UP STEPS YOU NEED TO TAKE BEFORE STARTING ANY BUSINESS.
i. DO YOR MARKET RESEARCH: RESEARCH YOUR POTENTIAL MARKET, WHO NEEDS WHAT YOU ARE OFFERING? IS THERE SPACE FOR YOUR PRODUCT OR SERVICES IN THE MARKET, OR IS THE MARKET SATURATED? IS IT A NICHE? CAN YOU DEFINE YOUR IDEAL CUSTOMERS? THESE ARE ALL QUESTIONS THAT NEEDS TO BE ANSWERED BEFORE YOU CONSIDER STARTING UP A BUSINESS.
ii. CAPITAL: YOU CAN’T START A BUSINESS WITHOUT HAVING THE REQUIRED CAPITAL; DETERMINE WHAT YOU HAVE, WHAT YOU WILL NEED AND HOW YOU WILL GO ABOUT GETTING IT. START WRITING A BUSINESS PLAN AND RESEARCH THE COST ASSOCIATED WITH YOUR BUSINESS.KNOW HOW MUCH MONEY YOU WILL NEED AND DECIDE WHERE IT COMES FROM.
iii. HIRE A GOOD BUSINESS LAWYER
iv. HIRE A GOOD ACCOUNTANT
v. DECIDE ON A BUSINESS STRUCTURE
vi. DECIDE ON A BUSINESS NAME: THE RIGHT NAME SAYS A LOT ABOUT YOUR COMPANY
vii. GET ALL NECESSARY LICENCE
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