Skip to main content

Are you planning to start a business?




Everyone's dream is to start a business.  But we fail because of improper knowledge, lack of confidence and other reasons. Because of the dynamic economy, it is hard to predict success.
But we can follow some necessary steps to start a business which reduce the chance of failure.


First of all, we should make a proper business plan, which should beat competitors. We have to formulate the business ideas and present it before the customers which should be different from competitors. Which means our product should have more demand than the competitor’s product/service.
We should also check the competitor's weak points and before formulating the plan.


We should also ensure that our product should meet 100% quality, which should attract customers.
Next is investing, we should find an investor for our business. We have to present our business plan before one or more investors. For good business plans, it is not hard to find an investor.
We should also make a least-cost investing plan which should give maximum profit.
First, we should start the firm as small. We can understand the market with this. Also, we have only a low risk for this. If the demand is increasing, we can move to further expansion.

Another main point you should notice that profit will not come on the next day. We should wait for that.
Next point is, always give importance to the firm, not profit; if firm is working well- profit will come automatically. So we should try to give the best service/product available in the market.

Most of the companies became huge success by giving proper attention to customers. So we should provide customer support and customer service system in the firm.

These are the few points should be noted before thinking about a business. Thank you!!!


Subscribe my blog for latest updates on business ideas and news



Comments

Popular posts from this blog

Powerful Words For Marketing, Which Boosts Sales!

There are various methods adopted by marketers to increase the sales of the products. 
Sometimes we can do marketing effectively by promotions and sometimes it may fail due to lack of attractive ideas and words to aware of the product and attract customers.
Now I am sharing a few powerful words which are very effective for marketing.

YOU
The word you have much importance in marketing, because it denotes the customer. 
We noticed in advertisements that, they are using the word ‘you’ several times. We never say, ‘we’ or ‘our’ in marketing because we only giving importance to customers and customers is most important to a business.
When we using the word ‘you’, we only target the customer and explain the benefits of purchasing that particular product. When we using the term ‘you’, we are giving special consideration to each and every customers buying that product.

FREE!!!
The term ‘free’  may create a great impact on customer’s purchasing decisions and it also helps in marketing a product. The t…

Transformation of Business In India

Transformation of Business In India 
We noticed that the Indian market is going through a stagnant situation. There are low sales in the market And I explained about it my last articles. But we forgot to check the growing sectors in Indian business.

There are a lot of changes happened in Indian business, we can call it as a business transformation because of the failure of business results from another business related to that same business. Are you confused!!!?

I will explain!!!                                   


In this modern world, [I can call it as modern because we all like to  change!]


Lifestyles of the customers had been changed. In olden days, we have to depend on shops for purchasing products, but everything is available on a phone call or a few clicks on the internet. And the product may reach within hours.


Let’s check the factors which changed the purchasing decisions of consumers in India.  Let’s check the market



Sales of vehicles declined-Online taxis grew up
We can see that there…

Why Google Pay is Better ? [ Facts About Google Pay]

We can see a lot of payment applications in app stores on our mobile.we are confused about the reliability of those applications.

I can suggest google pay, which is owned by one of the trusted brands in the world. 

If saying a few words about google pay, it is one of the best online digital wallet platform in the world. it is developed by Google and used by millions of users whole over the world.


Google denotes it as " a simple and secure payments app"

It is available in android devices and ensures quick pay with high security. 

It was earlier known as Android Pay. it is a unified version of google wallet and android pay, which google used advanced system for easy transferring of funds with high security.

It helps to pay store, peer to peer and online services.



Google pay India


Google pay supports unified payments interface [UPI] to transfer money to the receiver. User must link their bank accounts to the google pay for transferring funds.


How google pay works?
Google Pay works with N…