How to Start a Business

For many us setting up a business a a lucrative and a risky decision. Some may say prior to setting up a business you must have a unique business idea, or one must raise or have a huge capital, let see what is trending  or booming  business nowadays. These are the old practices and belief why most start up businesses fail. I'm sharing my experience as a online entrepreneur on how to start up a business.

1. Be a Solution.

A business does not exist because you need to earn money. A business exist for the reason that there is a existing challenge/ Problem that needs to solve, thus one needs to do research. True but you do not need to search high and low  personal daily life challenges can be a good a starting point. This will  help you understand this challenges and know if more people are experiencing the same challenges as you are. Finding a SOLUTION to make or do things in a better or efficient and effective is a sound business idea.

2. Scale the Market

Although Business starts from a idea, not all ideas are enough to drive business growth. Most start up business fail to scale the market, scaling means getting to know how big is the population having the same problem or challenges and looking for the same solution that you are offering. Understanding this makes you realize how much fund and much work needs to done to launch or gain in your new business venture.

3. Develop a sustainable business

A business that has no long term goals are bound to fail in early part of its life. Sustainability does not only pertain to business alone but also to the target market itself.  Most ideas and business solution evolves as market evolves, your ability to for see and adapt to the ever changing market dynamics makes a big difference in your start up business.

4. Structure and Systems.

You have your business idea and scale how big is the market for your idea, but you need to create a sound structure and system that will help you deliver this to your market. Have a simple and easy to follow structure and system will allow you to identify and isolate business problems both internally and externally. This also helps you in times of business expansion or down sizing ( if tough times come). 

Having this four items in mind prior to setting up a business, will guide you a setting up that dream business and preparing you as a future business leader.