NOW EVERY PERSON WHOM IS A BUSINESS MAN NEEDS TO CONSIDER SOMETHINGS BEFORE THEY GO INTO ANY BUSINESS VENTURE.MANY BUSINESSES TODAY DO NOT STAND THE TEST OF TIME AND THIS IS NOT BECAUSE THEY DID NOT PLAN WELL BUT THIS IS BECAUSE
THEY FAILED TO CONSIDER SOME FACTORS.THE BIG BOYS IN THE GAME OF BUSINESS MAKE SURE THEY CONSIDER THIS THINGS PROPERLY BEFORE THEY GO INTO BUSINESS,WHAT ACTUALLY MAKES YOU A BUSINESS MAN,"IT IS YOUR ABILITY TO THINK BEYOND WHAT OTHER PEOPLE ARE THINKING AND ALSO YOUR ABILITY TO SEE MONEY HIDDEN DEEP WITHIN THE TREASURES OF YOUR ENVIRONMENT"MANY PEOPLE ARE NOT MAKING IT BECAUSE THEY LACK THE ABILITY ABOVE.SO NOW AS A PERSON WHOM WANTS TO GO INTO A PARTICULAR BUSINESS VENTURE YOU NEED TO CONSIDER THE FOUR THINGS EXPLAINED BELOW FOR YOU MY BELOVED READERS AND THEY ARE AS FOLLOWS;
1) START-UP CAPITAL: YOU MAY SAY THAT EVERYBODY CONSIDERS THIS BEFORE THEY START ANY BUSINESS BUT MANY OF THEM DON'T CONSIDER IT ENOUGH.WHY DID I SAY SO?THIS IS BECAUSE A GOOD BUSINESS MAN WOULD KNOW HOW TO SEPERATE HIS PERSONAL LIFE FROM HIS BUSINESS LIFE.IF YOU ARE PLANNING TO GO INTO A BUSINESS THAT WOULD COST YOU ABOUT N500,000=$3333.33 AND THE CASH YOU HAVE AT HAND IS ABOUT N600,000, THEN YOU SHOULD CONSIDER FINDING A WAY TO REDUCE COST THIS IS BECAUSE WHEN EVER YOU ARE GOING INTO A BUSINESS VENTURE YOU ARE BOUND TO MEET WHAT I CALL" UNPREPARED SPENDING" AND THE CHANCES ARE THAT YOU WILL SPEND FAR BEYOND WHAT YOU PLANNED FOR,THEREFORE WHAT AM SAYING IS THAT YOU SHOULD MAKE ARRANGE MENT TO MONEY BIGGER THAN WHAT YOU THINK YOU NEED TO AVOID YOUR BUSINESS BEING KILLED BEFORE IT EVEN STARTS.
2) LOCATION: BEFORE YOU START A BUSINESS THAT YOU WANT TO PROGRESS,YOU MUST TAKE YOUR TIME TO CONSIDER THE PLACE YOU WILL LOCATE THE BUSINESS SO THAT IT WILL THRIVE BELOW ARE SOME QUESTIONS TO ASK TO BE ABLE TO HANDLE THE LOCATION PROBLEM.
I) HOW CLOSE AM I TO MY SUPPLIERS: IF YOU WANT TO MAXIMISE PROFIT AND KEEP CUSTOMERS,YOU MUST TRY AND CHECK HOW CLOSE YOU ARE TO YOUR SUPPLIERS BECAUSE IF YOUR SUPPLIERS ARE NEARER TO YOU TRANSPORTATION OF SUPPLIES WILL NOT BE TOO COSTLY AND SO YOU WOULD BE ABLE TO KEEP YOUR PRICE MODERATE AND STILL MAKE YOUR GAIN AND KEEP CUSTOMERS.
II)HOW CLOSE AM I TO MY TARGET MARKET:THE PEOPLE WHOM YOU ARE MAKING THIS PRODUCTS TO ARE YOU CLOSE ENOUGH TO THEM,IF YOU ARE CLOSE TO THIS PEOPLE AND FAR FROM YOUR SUPPLIERS IT IS BETTER FOR YOU BUT IF YOU ARE NEARER TO YOUR SUPPLIERS AND FAR FROM THEM THE PROSPECTS ARE NOT GOOD ENOUGH.
III) INFRASTRUCTURAL AMENITIES: YOU NEED TO ALSO MAKE SURE THAT THE ROAD IS MOTORABLE BECAUSE LOTS OF PEOPLE USE CARS THIS DAYS AND NOBODY IS GOING TO COME TO A BUSINESS PREMISES WITH A BAD ROAD LEADING TO IT AS PEOPLE ARE SPECIALLY ATTACHED TO THEIR CARS.
3) WHOM ARE YOUR TARGET MARKET: NOW YOU MUST MAKE SURE YOU KNOW THE SET OF PEOPLE THAT WILL PATRONIZE YOU,CHECK THEIR POPULATION IN THE AREA YOU ARE GOING TO AND KNOW HOW SUCCESSFUL YOUR BUSINESS WILL BE.
4) HOW USEFUL IS YOUR SERVICE TO PEOPLE: IF YOU WANT TO BE AB LE TO MAKE YOUR BUSINESS YOU HAVE TO CONSIDER HOW USEFUL YOUR SERVICES ARE TO PEOPLE.AND YOU CAN DO THIS THROUGH QUESTIONAIRES,INTERVIEW OF PEOPLE OR BUY SURVEYS FROM SURVEY COMPANIES,IF YOU CAN'T RATE YOUR SERVICE TO BE UP TO 50% IMPORTANT,THEN I ADVICE YOU TO DROP THAT BUSINESS NICHE AND GO TO ANOTHER ONE THAT IS WORTH IT.
0 comments:
Post a Comment