Business Creation and Initial Hiccups

Entrepreneurs are the engine of the society and thanks to the Western economic system. In moments of crisis like the present one can make great fortunes but requires more knowledge and dedication than ever.

My first advice is to not put the cart before the horse.To succeed in the business world one can follow few steps like:

1. Prepare oneself as an individual can learn how to lead a company and understand his own motivations and desires. Do not just look at the product or service you are offering. Being an entrepreneur requires a wide range of knowledge and a solid confidence in the individual.

2. Prepare your business plan. A company is like a living being and it has vital organs like marketing, administration and human resources, a circulatory system of cash flow and needs nurturing to grow and progress. Before going to work, it is important to think about the investment required, the necessary sales and people needed.

3. Prepare your message. Companies can not thrive without getting a reputation among its target audience. Therefore, an organization must identify the public and decide how one will transfer existing message and how to convince them to buy.

4. Start your business. In this step we have to talk about corporate taxes, rental contracts, purchase contracts for goods and finance.

5. Starting up and creating systems of work. Your ultimate goal should not be to become a slave of your new business. Instead of that, you should start thinking about how to organize and systematize your business to become a “third level”. During the early years undoubtedly, there will be the essential driving force behind almost everything. But this interdependence must be transitory.

6. Learn to work your business and not just in your business. A company’s “third level” is a company where you can go away for 6 months and return to find it equal to or better than when you left. Achieving such an accomplishment is difficult, to learn to work in improving the functioning of your business instead of working exclusively in the business of your company. Recalling is considered an independent move and helps the company to crawl, walk and finally run.

7. Monitor and grow your business. Once the initial phase is over, you will have the opportunity to really turn your business into a source of wealth. There are organizations who will need a compelling message and have formed a team around them. Then the fun really starts.