How to start a business

Starting a business 

While starting  business kind a difficult task but not impossible. It can be possible if you can make full preparation about business. Accept that without prepration about your vision and mission your are going to fail. So be prepared about where I can get capital? where I am going to start my business and which type of business I am going to start? If you are determined about these question than come up into action of starting a business. I spent too much time on this topic because I want perfect peace of information and motivation for all of you. I write  this topic into steps because through these steps you can understand and adopt these information effectively. 

Step one just start ; 

In step one of this topic is to just start the business. There are various people who disagree with your idea or they might discourage you, even your own mind will take you into negative position so don't listen to negative words of your mind and negative people. One of the greatest leader of Pakistan Muhammad Ali Jinnah said that " Thinks  100 times before make decision and after making a decision then stand out ". So first it is you who have to make decision then no one in this world will make you not to accomplish this decision or your dream. 

Step two find your passion 

 After deciding that I am going start a business another question may raised in your mind that what type of business I am going to start? Start business according to your passion or if you don't  know about your passion then spend time on finding out your passion.

Because passion is something which make you do more and more, without heaving passion it can't be possible. If it is  possible I am 100% sure that it will work only 2 or 3 years  and than  it might not work like it worked in  the beginning or it may be off because you are bored of doing the business in  which you don't have any passion. There are numerous videos on how you can find out your passion search on youtube you will find out.

Step three requirements of finance

This is about how you can acquire funds  to finance your business. If you have capital or the amount of money (owner equity) so you don't need to borrow the amount in beginning stages of your business. If you don't have adequate amount of funds  so don't worry about this because there are several sources through which you can get amount for investing  in your business. These are as follows 1. Financing  2. Small business  3. Small business grant (it is seed amount which awarded by federal government to small businesses. It is not like loan which is repayable after specific date.) 4. Angel invester (These people also provide funds for start up. These are also called informal invester) " and 5. Crowd funding ( it means  raising small amount of capital from large number of people to invest in your business.) So these are some of the resources through which you can get the amount that  your  business needs.

Step four idea

After getting specific amount now your fourth step is to come up with the best idea. Idea is  different from passion. Because idea is about what type of business is successful in the market on the other hand  passion is about what you like to do. So research the market that what type of business succeeding in market and why? And take the idea. You can  Also research those business which you like to open  if these type of business are failing than research why they are failing.  I have got some ideas for but it depends on your country or city that it will best fit or not. 1.hair salon  , 2. Marriage planner and 3. Home designer etc if you have idea about producing certain type of goods than research about them in  the market and adopt those  ideas.

Step five  kind of business

There are various kind of business you should start its up to your choice. These are sole proprietorship , partnership, limited liability company and corporation. So through these type you maybe benefited differently. They can be defined as follows ; 1. Sole proprietorship is single person company and if you establish this type of company  all the risk and rewards is yours. 2. Partnership in this type of company there  are various members. So each of them have to contribute the capital into the business and some of them may become member of company on the basis of experience and skill. 3. Joint stock company or LLC ;  this type of company is also like partnership various members but this company have different rules like partnership one member left company is quites  but  here not that type of case these  issues did not affect life of joint stock  company. These little definition I wrote for those who are beginners.

Step six register you business ;

After deciding about structure of your company step six is to register the company into registrar office. According to your country rules. It is most important step because you can not run your business without registration. You can register your business either yourself or hire a promoter for this purpose. If you going to register the company you need to know  various step  select the name of company , its trade mark , copy write or any other legal document according to the type of company you are going establish. Remember this select the name of your business that doesn't resemble with any other existing business.

Step seven business plan; 

This step is about how are you going to do your business activities ? Business plan is a written document in which all business important activities are written. So remember that a perfect plan will lead you toward the success. In plan write the name of your company , its capital and full plan about how I am going to  conduct my business operations. Find out how you can make business plan. business plan

Step eight location of your business;

This step is up to you because you better know than me. Select the best city of your country about the product or services you have an idea and check out the best fitted city as well in your country. I suggests you create list through a market research that which city is known for which type of product or services.

Step nine start promoting your business ; 

After completing all steps the last step is about promotion of your business. It can be done through advertising process and advertising can be done through tv channel, YouTube , blogs or any other type of websites , Radio , sponsorship in sports and movies , Facebook , Twitter or any other social media website etc.

This a complete topic about how you can start a business. after completely adopting this steps you may fail but remember that failures are steps towards destination or success.
The world best and popular businessman co founder of alibab Jack Ma said that "Starting business first you should not to think about earnings more and more money its about pleasing your customers."