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Should I start my business online pending when I will have the required finances to open an operational office?

My business is to train unemployed youth for security Guard and babysitting job. So far, I have no permanent office space to start the training activity. I have been able to have interested youths for the but no office space. I have not yet gotten any client to that need their services. Should I use only the online platform for the training and customer services now until I secure an office space or should I wait and raise money first before starting up?

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Great question David. A venture is started because there is a problem to fix in the market. You have it right already. Now, if there is need for training security guards and babysitting then you have your business because these clients pay. Secondly ask yourself - Can my clients be trained online? Do they have capacity to learn online? If not, then just recruit them online, do a formal introduction but then take a step and apply BIRD IN HAND PRINCIPLE.... Using the means at hand. You can speak to a friend or you can use a backyard or a room that you pay per use and conduct your training. Your office is not mandatory if you can have a training room payable per use only. As long as your clients pay as they turn up, you will realize the capital you need and ultimately you will realize that you dont need to pay rent on a big space for such a business.

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Hello, Njogu, that's sounds like a great insight. By way of introduction, I can use my online platform for advertising and use handbills to promote the training, and also to have clients that might require the services of the guards and babysitter.??

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As a small business counselor I have noticed there seems to be a belief that automation, the Internet and social networking can make the business succeed when in fact the real design of the enterprise itself may be lacking (niche, market base, business plan, competitive analysis and financial forecasting)

I hear from many clients who ask, "What Now?" having launched an enterprise that is going nowhere because they are driving the tools and not the car.

I take them back to the garage; design the auto to see if it can run and then apply the wrenches retroactively if that is possible. It is usually a traumatic experience and could have been avoided with strategic and business planning before launch.

Below is a simple test to develop your potential idea for a business.

  1. Do you have a product or service niche in mind?

  2. Do you believe you have a market for 1 above and the means to reach it?

  3. Are you willing to develop a business plan using the tool kit linked below to validate 1 and 2 above before you launch?

If the answer to the above questions is "Yes",use the below planning aids at the FREE web site I maintain as an extension of my MicroMentor volunteer work to design your business vehicle and the road map you intend to follow on your journey:

https://www.smalltofeds.com/2015/05/are-you-driving-tools-not-car-in.html

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Thank you for responding to my inquiry. I am aware of the basic business requirement for a startup and have written my business plan and is at the point of launch. we have done the soft launch as preparing a prototype to test the market. We are waiting to have a government license to go into full commercial activity. While waiting for the licensing, which is delayed due to a lack of finances, we intend to start our marketing process to create awareness of our services. That is the point we are, and we are soliciting mentorship, to be sure we are not going out of our business projection. David Bokolo.

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