1/5 #threadstorm Hello, good morning #inleo community, this time again with you Initiative: February Monthly Prompt, this time today's topic is opening a business or restaurant, the content that I will address today will be what must be taken into account before opening a business.
Opening a business is very important in our life, since it is a different path from being an employee, an employee must only carry out the tasks assigned by another person, while in a business we ourselves decide the objectives and activities to carry out to fulfill the objectives. Proposed goals, here independently it is to fulfill your dreams not those of others, but at the same time it is a somewhat difficult path because it depends on oneself whether this business grows or not. But what we must take into account before opening a business, because we can determine the failure or success of a business before starting.
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To start a business, one of the most fundamental points is to carry out market research, why is this point important? Since by knowing the market where we are planning to enter we can see how successful our business will be, we should not carry it just because our neighbor has a business that is doing well, we do too, this is seen a lot in the market, in addition to It has the same similarities when creating it, there is no change in doing a business, we must identify rather it is our competence to understand in turn the needs that our future clients have. For example, we cannot sell a coat in a place where it is not cold, so if there is no demand for a product, how are we going to create a business with this product.
3/5 After having our research well, we must move on to the next point, which is also very important when moving on to the development plan, we cannot start a business if we do not have a structured good execution plan, since if we do, we will only be creating a business drifting, without knowing what activities I should follow. There are people who only believe that setting up or opening a business is buying and selling a product, this goes much further, for this business to exist over time, we must establish a plan that specifies the objectives and activities to be developed, in where we must have the cons and good that we have.
Next, after having our plan and product to sell, it is finance, since we must make a realistic budget, which specifies what the investment we need to start our business and maintain it in the first months, in turn in this area we can place alternative as external financing, whether by partners or credits.
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In summary, before opening a business it is important to carry out an exhaustive market analysis, develop a solid business plan, have our business and even a marketing and polishing plan, whether digital or traditional.
Since having our business are key reasons, we create new opportunities for personal and professional growth, since first you will be the boss, where you must make decisions and lead a project from scratch, in turn creating a job opportunity for another person, in turn an economic movement in the area where he is. At the same time there is a new generation of income, a business that becomes a stable and potentially lucrative source of income.
5/5 https://inleo.io/@enamouredsoul/keys-to-success-when-starting-a-business-research-planning-and-execution