Wednesday, May 14, 2014
Help any business ideas?
Help any business ideas?
I am a 19yr old male student in South Africa Cape Town and want to start a business. I wish to be successful in life and not have debt or bad debt. I own a savings account but do not own a credit card. I want to start a business and be successful. Being in a job and working for someone is not the way to go that is the way of thinking of the common man who will never be financially free.
Small Business - 2 Answers
Random Answers, Critics, Comments, Opinions :
1 :
You are the only one that can figure that out. You need to think about something you like to do, complete a SWOT analysis and write a business plan to prove that the business idea is viable. Go to http://sba.gov/smallbusinessplanner/plan/writeabusinessplan/index.html or http://www.score.org/template_gallery.html for instructions on how to write a business plan and sample business plans.
2 :
Assess your skills and find out what your interests are. Start a business based on what you are most skilled at doing and what you are most interested in. There's nothing better than running a business that you actually enjoy and love doing. So let's say your skills are in chocolate-making. Get into chocolate-making then but don't limit yourself. Explore other ideas and come up with new chocolate products. Get people excited about what you do and what you are trying to accomplish. Create a website, feature your products, get everybody you know including their family and friends involved by keeping them updated about what you are doing. Make use of social media but most of all, conduct market research. Good market research can help you make wise business decisions and can also help you improve your marketing strategies.
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