Guide on How to Start A Business

This presentation is about how to start your business from the beginning. In today's day and age, you should start by doing an online business. After your business has fluorished, use the savings from your profit or apply for a personal loan to kickstart a physical business that can get you more customers and exposure. This guide is suitable for young entrepreneurs and fresh graduates.

Transcript

1. HOW TO START YOUR OWN BUSINESS The basic steps on starting your own business for fresh graduates
2. #1 IDENTIFY YOURSELF AS A SELLER Start by analysing your overall personality, interests and passion in life. Are you a fashionista who loves spotting new trends or are you the creative type who likes the smell of baking pastries?
3. #2 DECIDE ON YOUR PRODUCT Think of a product that you can see yourself using. If you love fashion and is skilful with the needle, maybe you can craft your own handmade accessories that will be of interest to the mass?
4. #3 RESEARCH ON THE MARKET Let’s say you have decided to sell fashion accessories; does it sell well in the market? How about competitors? If there are demands for your product, then it’s a good place to start.
5. #4 KNOW YOUR TARGET AUDIENCE Now that you’ve decided to sell handmade fashion accessories, think about who would be interested to buy them. Hint: Women are more avid shoppers compared to men.
6. #5 DECIDE ON THE PLATFORM Where do you want to start your business? In today’s day and age, it is best to start online as you can save cost and reach to a wide range of audience at the same time. Think social media!
7. #6 START WITH SMALL CAPITALS You may be feeling ambitious, but save it until your business is proven profitable. Minimize your costs and test the waters first. If word starts to get around, then it’s definitely going to work in the long run!
8. #7 MARKET YOUR PRODUCTS When you can see promising potential in your products, start getting word around to maximize the impact. Start networking and conjure up an effective viral social media tactic.
9. #8 START A PHYSICAL BUSINESS! Now that you’ve gained a loyal following, it’s time to start a physical store. Personal loan eg. personal loan Aeon is the best financial aid you can get from the bank as it is unsecured and have lower risks.
10. READ MORE: • http://www.wikihow.com/Start-Your-Own-Business • http://www.forbes.com/sites/martinzwilling/2012/09/1 6/10-reality-checks-before-starting-your-own-business/ • http://www.entrepreneur.com/article/38292