Hmm where shall we start from... Yeah... It must be your interest...
INTEREST can be of two types:
1. INTEREST FOR STARTING A BUSINESS: People think that they want to start a business, but something comes across their life which never lets them to start it... There are many such things like relatives, friends, your past experiences, your routine lifestyle, etc.... Which i will talk about briefly in my next article... SUCCESSFUL BUSINESSMAN comes across these things too , but overcomes these things overtime with his strong will to achieve what he wants in his life more than he has to loose... The most important thing is the Interest to start a business which comes from strong will... that you have to create...
Here is how you create it?
i). Crave for More than what you have.
ii). Look around carefully and put yourself in your place after 5 years from now and analyse yourself to have a better life.
iii).Have a friendly talk with seniors and analyse them . (that's the case you are gonna be in some more years).
iv). Earn Respect not only from your relatives and friends but also from your previous Boss... (Look your Boss's face after you are successful).
v). You are your OWN Boss.
2. FIND YOUR OWN INTEREST : Didn't understand what it is? Huh, Find your specialty... in which area you are strong in? What can you adopt as your business? You have to select some of these:
1.PRODUCT: What are you gonna sell? Is it a service for which costumers pay or maybe any kind of physical product you are gonna sell? Whichever maybe you have to research on it first... Its your first step... Oh don't bother about FINANCE at first.
2. MACHINERY : After selecting the product, Think about the MACHINERY you are gonna use , which will make things easier. Maybe it can be a traditional way or it can be new... As it all depends on you that how you are gonna make it happen.
3. AREA : Then comes the area where you are gonna start your company as it is more important as you have to consider the TARGET COSTUMERS to come there. for e.g., Chocolates for children.
4. TARGET COSTUMERS : You definitely have to target your costumers as to earn more profit... e.g., A small cup of coffee is almost Rs. 5 - 10 in normal shops, but when it comes to COFFEE SHOPS, the tea becomes Cold Coffee and its rates become Rs. 60 - 100 dependng upon the ingredients what customer chooses to add in. Here the Targeted customers would be Loving couples, Rich people, IT people who need some leisure time... etc..
5. FINANCE: Don't worry if the above four things are worked out correctly on a paper as a plan then, you can get a LOAN easily from any bank... which will make you confident with your plans.
That's all for now.....
Regards,
Dhandeshwaran K S