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How to start a business???

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6 answers

Actually am going to start a Cosmetic stuff and jewelry store. I'll love to write with others.

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I think you are going to start something that is related to eCommerce.

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Follow your value system. Examine your talents, your attributes and your affinities and develop an idea for a business that you would enjoy.

Give your start up idea the following test:

Do you have a product or service niche in mind?

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

Are you willing to develop a business plan to validate 1 and 2 above before you launch?

If the answer to the above questions is yes than take the actions indicated, observe the results, then make an informed decision on whether or not to proceed. For further guidance on this type of planning, please see the answers to the following question here at the Micro Mentor Q&A Feature:

https://www.micromentor.org/question/4871

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How to start a business?

The first thing to seek are opportunities in the community where you intend to sell your products or service. Like for instance, during the pandemic, one may engage himself in a food business, grocery business, medical supplies, etc., which are in demand right now.

Next is to assess your capabilities. What resources or special talents or skills do you have that you can use to engage in the chosen business type.

Evaluate the existing rivals in your community, in order to gauge your niche in the market. try to see the legal requirements of the business, too.

Next, is the selection of some business partners and staff. You may start it on your own but you may need the help of some personnel especially regarding business logistics or communication aspects.

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