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Sunday, July 19, 2009

START YOUR OWN BUSINESS

Hey guys why don't you think to start the business on your own.In your young age, why are you spending to other to get the benefits(unknown by you) from you. do you ever think that your employer paid to you 50000 rupees without get anything from you. please think that your hard work will be most valuable than the 50000. normally your hard works will be valued more 5 times of your salary.

i do not recommend anyone to leave their current job because you guys need some money to start the business, but don't think you need huge amount to start the business. a person can start the business with 500 rupees and it could become 500 billion, in some case some people invested 500 billion and became to road without any money to buy a lunch packet. so don't think having much money is better.

before you start the business you should identify which field you are interested and which is suitable for you.when you find the field don't forget to collect the information of competitors. which is the most important thing to identify your competitor's plan than your plan. because then only you can wack him(competitor) from the market.

plan your self to when to start the business and where to start the business and how to start the business these are more important questions than ever. when you plan your business do not forget to plan your future strategies and how you want to be in future. that desire will make you to be perfect to start the business.

when you plan your business then look at the market whether any changes happening or whether you need any changes in your plan. please mind that world is changing rapidly so today's customer need will be a change tomorrow.so be flexible to change your plans and adopt the changes.

after all plan and select the place to start the business which is critical success factor of the business.and select the stakeholders for the business(specially who are providing materials and other important stuffs) is also one of the critical success factor.

when you start the business from the first week you may think that the business is success but from the 1st year to 3rd year don't think about the profit.because when you think about the profits you may manipulate the business or make products and service became not the expect the quality. that will lead your business to negative manner which make you unsuccessful in future.

so in the first year start with small ideas which may not need much money. when you feel that your organization get the positive goodwill than start the business to expand it and make some of the innovations.

when you succeed the particular business don't forget to start the another business. mind that if a person can do one business S/He can do more business.

when you think like that the success not fare a way from you...
all the very best to all....
prasanna.a

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