Things,kept,mind,before,starti business, insurance Things to be kept in mind before starting a new Venture
Date:2020-12-26 Things,kept,mind,before,starti business
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As we all know to live in this world we have to perform some activity by which we can earn money. There are many activities by which we can earn money and meet the standards to live in this society. And from one of them is franchise. Franc
Please don't start up a new venturejust for the sake of starting a business or to make profits from thefirst month or just carrying a side business along with job to havesome money. Please be serious about everything you do and every stepand move you take. Once an opportunity is lost its lost and newstrategies need to be made. You cant cry over spill milk. Do full market analysis and write downall pros and cons of starting the new business. It may so happen thatyour idea is a total flop and you crumble down. Write down everysmall and big aspect which comes in your mind and do talk to yourgood reliable and faithful friends about it as they are the ones whowill point out the loopholes. This will give you a particulardirection and you can plan things in a better manner. You cannotpredict the future but you can surely rely on the present and talk topeople who have experience. Having full knowledge of the market andcustomers will help you knowing the penetration of your business orproduct. If there are too many players in the domain where you wantto start your business. Then you please think again. Old players maybe giving very good quality product at a cost effective rate whichyou cannot compete at the start. Then how will you sustain. If youhave very good product and you are ready to take risk then go for it.Your passion and believe may work wonders for you.If you want to start a partnershipfirm. Decide who all will be partners and if you know all of themclosely. If you all are friends then also you have to keep manythings in mind. Business and friendship are two different things. Ifyou mix both it will be disastrous. Put down every discussion inwriting and discuss everything and don't lave any unresolved issue. Alot of problems happens in the later stage as you cannot speak infront of your friend. Don't ever try to cut each others experience.Having an argument is good rather than nodding head on each and everytopic. Have a financial analyst who will letyou know the expenditure and plan the future according to marketanalysis. Many business close down in the first month due to poorfinancial planning. Always have in mind you cannot makeprofits in the first month or first year so be prepared to face themost difficult situation. Always be clear on what to want to do andbe passionate about everything you do. I have seen people beingpassionate about something in the first month and then likingsomething else on the second month. Please stick to one singledecision. Be self confident. Have a positive frame of mind because inthe later stage you will have to listen to many negativity. Be prepared and be honest to your self.Don't ever cheat your own self. Learn from mistakes committed by otherpeople. It will prevent you from doing blunders.If you want to try something new andtrod an untrodden path. Be prepared it may so happen that you arevery lucky and make lots of profit or thrown out of the market.Sometimes things may or may not work in your favor so prepare yourmind for the worst possibilities. Don't give up always try. It might beworth our while to remind ourselves of those immortal words from theBhagawad Gita:Yada yada hi dharmasya, glanir bhavatibharatahAbhyutthanam adharmasya tadatmanamsrijamyahamParitranaya saadhunam vinshayacha dushkritamDharmasansthapanarthaya sambhavami yuge yuge (Whenever and wherever righteousness is in danger; and the unjustrises its head; I manifest myselfTo protect the right and to destroy the wrong; to reestablishrighteousness, I happen millennium after millennium)Try again and again. Success willsurely touch your feet. Article Tags: First Month
Things,kept,mind,before,starti
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