Monday, 10 March 2014

Fact about starting a business.

Hi there!

This blog will help you to understand about business start-up and the mentality of the business start-up need to be more accurately to help you progress further and give you some confidence.


Jogging!


Starting a Business. 

I know lots of people think starting a business is risky but it is totally inaccurate.  It is uncertainty is an ever-present but manageable part of business, and risks can be minimised.

Business Plan.  

A common thinking in order to successfully create a business, you must create a flawless business plan before you start your business.  Again, it is not correct.  A written business plan is secondary to understanding the critical functions of your business, and no matter how much you prepare, there will always be surprises along the way.  It happens to me!

Capital Fund.   

You must raise large amounts of capital before you start building your business. This kinds of thinking doesn't work that way and it is unnecessary.  Raising money is necessary only if allows you accomplish something that would otherwise be impossible (like a building a factory).

Personal Connection.  

It's not what you know, it's who you know, again, it is inaccurate.  Personal connections are important, but knowledge is key if you want to use those connections to your best advantage.

I hope that will improve your understanding about the business start-up and how to progress correctly with confidence.

All the Best!

Shaun

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