HOW TO BE AN ENTREPRENEUR!!
HOW TO BE AN ENTREPRENEUR
BUILDING FOUNDATIONS--
1.GET A GREAT IDEA.
Most businesses start with one compelling idea — whether it's a service people need, a product that would make life easier, or something that combines both.The business world is full of great ideas and many not-so-great ones. What will set yours apart is whether you can find a niche need to fill.
2. MAKE A RESEARCH TO YOUR MARKET.
The key to starting a business is to know whether there is a demand for your product or service. Is what you can offer something that is not being done as well as it could be? Is it a need that doesn’t have enough supply to support demand.
3. LOOK AND TALK TO POTENTIAL CLIENTS.
You can have the greatest product or service in the world, but if nobody wants to pay you for it, your business will crash and burn. Talking to others will also help you prepare to persuade investors.
4.DETERMINE WHAT YOU CAN RISK.
Entrepreneurship is always a game of risk and reward, but often the risk is greater especially in the beginning. Take stock of all your assets and figure out how much money and time and energy you actually have to invest.
5. ACCEPTABLE LOSE.
Acceptable loss is the idea that you should first determine the possible downside of your business venture and then invest only what you can actually afford to lose should your business turn out differently than you’d hoped.
6.ADAPT A GOAL .
One of the most important things in becoming an entrepreneur is flexibility. You can’t control everything about your business, and adaptation is vital to survival.
THANK YOU...........
BUILDING FOUNDATIONS--
1.GET A GREAT IDEA.
Most businesses start with one compelling idea — whether it's a service people need, a product that would make life easier, or something that combines both.The business world is full of great ideas and many not-so-great ones. What will set yours apart is whether you can find a niche need to fill.
2. MAKE A RESEARCH TO YOUR MARKET.
The key to starting a business is to know whether there is a demand for your product or service. Is what you can offer something that is not being done as well as it could be? Is it a need that doesn’t have enough supply to support demand.
3. LOOK AND TALK TO POTENTIAL CLIENTS.
You can have the greatest product or service in the world, but if nobody wants to pay you for it, your business will crash and burn. Talking to others will also help you prepare to persuade investors.
4.DETERMINE WHAT YOU CAN RISK.
Entrepreneurship is always a game of risk and reward, but often the risk is greater especially in the beginning. Take stock of all your assets and figure out how much money and time and energy you actually have to invest.
5. ACCEPTABLE LOSE.
Acceptable loss is the idea that you should first determine the possible downside of your business venture and then invest only what you can actually afford to lose should your business turn out differently than you’d hoped.
6.ADAPT A GOAL .
One of the most important things in becoming an entrepreneur is flexibility. You can’t control everything about your business, and adaptation is vital to survival.
THANK YOU...........
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