How to Start a Business - #4 Why you need a business plan and how to design one
A business plan is a necessity if financing is from external investors and/or financial institutions. However, it is still an essential need if you are self-financing, as it helps you figure out how much money you will need to get started, what you need to do and where you are headed.
How to Start a Business - #2 Evaluate your Business Idea
A proper evaluation of your business idea involves asking yourself the following questions: Who is the ideal person that will buy your product or service? Who else in your environment is offering the same service? How much do you need to start the business?
How to Start a Business: #1 Generating Ideas
To start an entrepreneurial journey, a critical step, which most people fail to take, is personal evaluation. We are all too quick to join the bandwagon and follow the trend. “My friend is doing this successfully, so I can” and many more such scenarios.
How to Start A Business: #0 Executive Summary
Starting a business is at the forefront of the mind of a lot of people. However, the process may look cumbersome and scary. This series aims to simplify these by providing information on basic things to consider before you embark on that entrepreneurial journey.