How To Start Up A Business

You think it is easy to start up a business? If it was that easy, every James and John would have started up a booming business. Everybody wants be Dangote, CEO of Dangote groups, you want to be known and respected like him, adored like him. I know you know who is Bill Gates, Madam Folunrosho Alakija, Mike Adenuga, CEO of GLO, Mark Zuckerberg, CEO of Facebook. You want to be like them, and control a lot of money, but you don’t want to sweat; well, I don’t think that is possible. To be like these people, you have to sketch a plan, get capital, research about the business you want to do, be determined even if the business fails. All these successful companies you see today didn’t start in a day, I know you have heard this a lot of times, but you still have to have it in your head as you also start yours.

Business is like a child you want to have; you plan, you start and then you nurture till it grows, that’s business. To start a business is not something one can joke or play with. You have to be serious more than you have ever been in your life, and seek inspiration as you set to start what will change your life forever. Yes, inspiration! You need inspiration to set up a good business plan and execute it very well. Remember, choosing the type of business you want to do MATTERS a lot. You have to check so many things: the competition in that business, will the capital you have be enough to start up the business, how viable is the business in your chosen location, how cheap is the labor that the business requires; all these and others should be considered before you can start up a business.

GET A PLAN

As I said earlier, having a business plan is just the best before starting any business, no matter how small the business will be. Seek inspiration, business induced inspiration. Get a personal and important jotter and jot down the business ideas that flow into your head. The best way to seek inspiration is to be left alone in a quiet breezy place. Over there, you can hum and think, sweep your mind and let those ideas of yours flow freely. Before this time you must have studied a lot about starting up a business, the capital part, the labor, the essence of having a nice business site, the business that suits your country’s market. When you have all these in mind, then you can think freely and widely as the cheapest and the most viable business to start will get into your mind.

RESEARCH

Research, research, research. That’s what you ought to do. When you have jotted down the business ideas that most suits you, or even before you have best business ideas, you have to research a lot. Read books, read every economics and marketing and business books that you can read, all of them. I know you might say what is the essence of reading them, when Bill Gates or Mark didn’t do that? Well, you are not them, you are you, you have to be unique. Books do help, they help a lot. I will give you the list of good books for starting up a business, where you can go get loaded with business ideas and get encouraged, you will have the tenets of business in between your palms. These are the good books I could gather: “Rework”, “Inbound Marketing”, “Awaken The Giant Within”,  “Outliers”, “The Dip”,  “Good to Great”, “Rich Dad Poor Dad”, “E-Myth Revisited”, “The War of Art”, “Four Hour Work Week”, “Think and Grow Rich”, “Mastering the Rockeffelar Habits”; you can get more books and read them up, it helps. Ask people, I mean the successful business men and women, ask them questions about their own success and failure stories. Attend business seminars, leadership training and free or paid online business classes. Research, research, research, and what you find, jot them down in your jotter.

CAPITAL

Even if you want to start up cooking and selling your food in front of your house, you must have a capital.  Capital is assets available for use in the production of further assets; these assets can be money or just properties. There is one saying that “You must give something to get something”, so when you want to invest in a business, there must be capital available and ready to start up. Even if you don’t have enough to use as capital, you can borrow from the bank or from someone you know, probably from an aunt or uncle or even grandma. Get a property, or better for an online business get a laptop and a modern. You must have a capital. And well if you don’t have a capital, you can establish a long term plan on how you can get your required capital, it make take two, three or even four years. It takes time. Business is all about time and patience and perseverance.

DETERMINATION

You must be determined to be successful in anything. A child wants to be a doctor, then he must be serious and work for it. So should a man who wants to have a successful kid, he must struggle to marry a wife and make her pregnant, and then go through the rigorous way of training kids. You establish your business and you work so hard to see it grow, even if it fails at your first trial, you mustn’t give up. Edison, the one who built our light bulb today failed more than nine hundred times to build the bulb. Abraham Lincoln, the great American president failed so many times to get to power, but he didn’t give up. So, why give up already when you have not even tried? Some people give up when they see the stress and the risk; you have to try it first and do not be afraid. If you do not risk it, you won’t get it. So try it first, risk it, be determined even if it fails and doesn’t go well, things will still fall in for you.

FAILURE

Yes, you saw it well; “Failure” is one of the useful steps one must go through before he succeeds. There is one saying that to be successful, you must double your failure rate, it will make you successful. When you fail, you are inspired to be greater than the standard you had set for yourself. You fail, you get up and work harder. People who have never failed are not good for business. So even if all things go fine for you all the time, you need to fail in one way or the other to know how it feels. When the business fails and doesn’t go the way you want, you don’t have to feel depressed, get up and move on and work harder, things will be fine. In our coming features, we will deal with how to deal with depression and the fear business.

If you want and plan on starting up a business, get up, jot up, research, be determined, and when you fail, be double determined. Things will go fine in time, you will make it big like Dangote, or Mummy Alakija, or even Bill Gates; it is with time.


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