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Easy Guide for starting Business

Tags: business
This article will guide people about things that they should pay attention before starting Business.it will be useful for  you no matter what ever business you waart.

you.one in this life, at some stage wants to quit his job and wants to be his own boss and start a business. To start a successful business you need to have a plan for it. A business strategy about how to earn profit.
Also you need understand what are your expectations about that business and how you are gonna achieve it.so you need to consider these things before starting a business.
1)Finance- money is most important thing in a business and you need to consider it even before making a business plan that how much money you can put in business.
2-how much profit you want to earn from a business. Like retail business gives low profit but start to earn it from first month of your business.while manufacturing business have high profits but you need to wait for some period which may consist of upto a year or more.
3)you need to see how many competitor you have to face in business. Lower number competitors is good for you.Also you need to check at what price they are offering a service or product
Can you offer that service or product at same or lower rate.or if you are offering at higher rate than your competitor then what is superior in your product or a service.
4- what is the environment that surround your business, I mean does your govt. Put high taxes on your business or you need some license for business
5) does people like to buy from you. Is  your  business is about some thing that is trending or its obsolete.
Thanks for article I will share more knowledge about it in future posts. 

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Easy Guide for starting Business

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