STARTING SMALL THE SECRET OF GREAT ENTERPRENUERS

An Entrepreneur is a risk taker.As an Entrepreneur ,you have to see the end from the beginning

WHAT IT MEANS TO START SMALL

. It gives you proper understanding of the business and also helps you to understand the process and procedures of the business.
.It helps to track your progress.
.It helps build the required structure of the business.
.it gives you clarity
.It inspires those who want to venture into a business with a little capital.
. Starting small is the key to a successful business.
Start small helps you to notice and correct your errors.

WHAT YOU NEED TO START

1: IDEA:Link up with someone with the same business you want to venture into.when you don't have a Capital yet .
Don't deviate from your *idea *when trying to raise up capital for your idea.
2:BE DETERMINE
3:BE CONSISTENT IN WHAT YOU ARE DOING.

CHALLENGES ENTREPRENEUR FACE

1: Lack of knowledge to raise funds .
2: Inability to disburse your funds when it enters.
3:Lack of capital management.
N/B Most time we spend what we think is profit.Build before you start eating

HOW TO OVERCOME START UP CHALLENGES

1: Speak up ,talk to people that are Into the business before you.
2.Make your business and product visible.
3: Don't put all your money into a new business at once.
4: Always listen to feed back from your customer.Make growth adjustment and manage your finance.
5:Learn to balance your business and your health.

HOW A STARTER MANAGE INITIAL FAILURE

.Trust is to biggest currency an Entrepreneur has.
. Excellence customer management .Make them more of your friends (customer).
.Defining your selling point.

        HOW DO WE PRAISE CAPITAL

1: Firstly build your structure.
2: Get a loan when you have built your strength.study the business very well.

HOW YOU KNOW YOUR BUSINESS IS GROWING

1: There will be an increase in revenue/cash flow
2: Profit you make.
3:Note your customer base
If your customer's are increasing and if they are still returning after the first trial.
4: Number of reviews you get.
5: When the business needs more hands.

THANKS
goody2020