written by Mahan Mohammadi, Ph.D. Candidate & International Ambassadors
When you want to start a new activity, you will undoubtedly need some support and guidance. This rule applies not only for complicated tasks but also to activities as simple as learning to ride a bicycle. None of us is born with the ability to run a business without help and support, but you will be initiated into the secrets gradually if you do not change your mind and keep going.
There are many reasons why you should go through it, including having a good solution to a current problem in society, having more working hour flexibility, forming your own team, and not having a boss.
So far, however, there have been many suggestions for the starting point of a business. The most important consideration should be to meet the primary concern of the target community. Your success is guaranteed if your goal is supported by the community. It makes no difference whether you practice in a good production or service operation setting; as long as you meet society’s felt needs, you can be optimistic about your chance of success.
Do not be afraid of innovation. Although there may be additional costs associated with pursuing new ideas, there are also many untapped opportunities out there. If there is a conjunction between your innovative initiatives and community interest, there will be a good chance for victory.
Have a plan. The majority of today’s successful businesses began with their own business plans. A realistic plan that honestly evaluates your strengths and weaknesses can assist you in defining your objectives and mapping out appropriate strategies to achieve your goals. Furthermore, it will give you more control over your business by clarifying the planning process, and of course, if you need to raise money for your company, a well-written business plan can help you to attract potential funders.
Build your own network. Business networking is a low-cost marketing method that helps you to develop your opportunities and contacts based both as a route to a new market as well as a marketing method to increase your sales.
Finally, don’t be afraid of failure because it is not inevitable sometimes, but you can make it less likely. Starting a new business is costly, and when you want to spend a large portion of your savings on an idea which you believe will work, you should be certain that the investment is worthwhile.