A Guide to Starting a Successful Business

nkem1

Free Member
Nov 6, 2008
2
6
The journey to a successful business starts with an idea or concept. It is then refined to suit the purpose of the concept. At this time, your concept is the seed you are about to plant. Metaphorically speaking, every business is a life - It can live or die. Your concept should focus mainly on what the end users want. This because they are the life of your business, the ocean in which your fish swims. Just as seed planted needs extra care, so it is with every business. Your drive should be consumer-centric not after what you gain in return. However, remember, "You can have everything in life you want, if you'll just help enough other people get what they want.” - Zig Ziglar. It is interesting to note that nature has endowed every one with all he needs to think and succeed in life. So how can you discover yours? The following questions would assist.


. What do you find most interesting to do?


. Does what you find interest in doing appeal to people?


. How well can you do it?


. What means do you use to let people know what you have?


. What do you do to keep people's interest?



What Do You Find Most Interesting To Do?


If you can find what interests you most, then you have proffered a solution to one of the barriers to your success in life. You will always love to do it. Of course, every endeavor comes with its own challenges. Fired with burning determination to succeed this time, you do not see challenges but success ahead. The inspiration to do it better and circumvent challenges will always flow. If you ask any successful individual who started from grass-to-grace level how he came about being successful, what he finds most interesting to do may likely be the answer. Now that you have found your area of interest, what is next?


Does What You Find Interest In Doing Appeal To People?


A tree, they say, cannot make a forest. Therefore, there should be many trees assembled in an area before forest can appear. No doubt, your brilliant ideas will end up with you if not supported by people. In the political world, majority vote is needed before a contestant is declared winner. In the same vein, you will need people before you can win or succeed. In addition, your being successful is a function of giving people what they want. The rule is to give to people what they want and in return, they will give you what you want in excessive measure. You should go into researching how what you are interested in doing appeals to people and provide the way to meet their demands. If people are hungry and you give them clothes instead of bread, they may not appreciate or even collect it. This is because your offer does not tally with their demands. You have now known people's taste. How can you meet it?


How Well Can You Do It?


It is common that some people find interest in doing something in life but do not know how to do it well. This stage is very important. How? Because it is a determinant factor if people will patronize you or not. But you may want to ask: Of what benefit it is to cook a dinner that the invitees would not eat simply because it was poorly prepared? It is your interest to make people happy with your meal but you cannot cook well. At this point, it is good to examine the areas of your weakness and seek improvement or strength. Improvement can be acquired by education - Formal or informal. Formal education will require you to take up your field of interest and immerse yourself in it until you graduate. Then you will be awarded a certificate detailing your performance. On the other hand informal education will require your learning handwork or a trade like carpentry, bricklaying etc. Improvement can be acquired through exposure too. Seminars and workshops are an exposure window through which you get a glimpse to the world of experience. Some of these are free while some come at a cost. Whichever way, you can be confident that experience is the best teacher and you should do your utmost best to get it.


What Means Do You Use To Let People Know What You Have?


Now that you have achieved the breakthroughs above, how can you let people know what you have to offer? Probably you may think of Radio and Television jingles, newspaper adverts and so on. Your thinking is right. For more global reach, you will need social media to connect your business. If people now connect to your business, how do you keep their goodwill?


What Do You Do to Keep People' Interest?


This is a very crucial aspect of your business. It is dependent on your relationship with the outside world. Be honest in all you do. Let integrity be your guide and you will earn trust. One of the pillars of every successful business is trust. It is earned overtime. If you are in business for product or service, clearly state your brand, product info, warranty, quality assurance, shipping and return policy, means of payment, and so on as each case may apply. Good customer relationship is key, as every customer is KING. Timely response to inquiries and quick resolution of dispute will save your reputation. Do your utmost to have a list of all your customers, listen to their inputs and update them regularly of every development.


Your business will keep living successfully if you give it a meaningful life.
 

Jeff Nev

Free Member
Nov 14, 2013
219
24
Some really good points, nkem1. I would also add that in order for a business to be successful the first thing you should do is create a comprehensive business plan which lays out how you will get to each stage of being successful. For instance to find out what your target audience are interested in you will have to complete market research.

Having a plan in place can also help in reaching your goals more achievable as you can tick off one little thing at a time rather than having the daunting task of going from nothing to being a successful business. Also in the plan there should be room for flexibility as we all know at some stage there will be events which may mean you have to deviate from the original plan .

Hope this helps
 
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Some basic principles to do business. Customer response is always on the priority list. A businessman should mold himself according to the demands while retaining his own preferences and individuality . I have found humble behavior with your employees and with the clients always profitable.
 
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M

Market Evaluator

Very good post, but I Wonder, what in case if you are interested in something, you love it, but someone else already create such business.
Is it better to start competition or look for other things you also love to do.
How much do you love it? You should also ask how much do I know it?

Is there room for one more?

Can out compete the other guy?

The world of business is driven by 'creative destruction' in which new businesses arrive with new ideas about serving the market place. If your idea delivers better value and you can connect to customers, you can squeeze the others out - even if it's a niche market.

That's a great test of your passion!
 
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amandamorris

Free Member
Nov 14, 2014
12
2
35
Awesome post for people like me who are on the verge of starting their own business. I really liked your idea which suggests that you must keep in mind the end user for whom you are going to serve your services or any other thing. Full dedication, efforts and passion can make your business reach greater heights.
 
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amyjazz

Free Member
Apr 6, 2015
7
1
33
I've recently found the seed to start my business, other people offer the same service but what ill be offering as well as some standard products are bespoke ones that no one else offers. ive found a gap in the market and im hoping to soon plant the seed and start business

ive bookmarked this page as ive found it very interesting. Thank you
 
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DavidAshdown

Business Member
Business Listing
Jun 14, 2012
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Hertfordshire
www.daa.consulting
Starting your own business can be very stressful but also very exciting. All businesses start with an idea but it's about executing that idea, and getting people to help you, that really counts. It's also about understanding whether your idea is feasible and not just a pipe dream, and this is where research comes in.

Do your homework, and make sure there is an audience, then take advice and make it happen.
 
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Explainaboom Videos

Free Member
May 19, 2015
33
9
You make a great point.

In my opinion, a good business must be solid in 3 things - product, marketing and sales. If you have those 3 sorted, you'll be fine.

Product: What you have must provide value. Either by being something totally novel/innovative, or improving something already out there in the market. It has to be something people want/need!

Marketing: You could have created a new app/product/service that can solve the all the worlds problems. But if no one hears of it... well all that time you spend testing, refining and developing has been wasted!

Sales: You could have an awesome product, WITH great marketing, BUT if you can't sell it and close those deals - you're shooting yourself in the foot! From my experience, sales is something that can be improved with the right mentorship and practice.
 
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