Business Startups & Beginner Guide
Episode 1 of the Business Startups & Beginner Guide podcast, hosted by Vinayak Gaonkar, titled "Business Startups & Beginner Guide " was published on June 23, 2021 and runs 0 minutes.
June 23, 2021 ·0m · Business Startups & Beginner Guide
Episode Description
Renaissance
First Wake from your dreams and Explore your Mind to take your dream into action
Experience & Passion
Your Experience counts tremendous value in your life. Your Passion & your expertise may deffer on each other, but go with your experience and make it passionate.
Do Not Copy Others
Always keep in mind, that I am deffer from others will do those things that I love to do.
Characterize Your Choice
Always consider those Nish/Product/Service on which other people willing to spend money.
Recognize your Skill & Calibers
You Can open up yourselves with all qualities, knowledge, and power of execution.
Start as a Pilot Project
If you have very low confidence in yourself, start with the trial efforts at least for 3 to 6-months.
Four Steps to Get Started
Decide on Product or Service
Set-up website or launch on the Gateway site
Develop an offer to not get refuse
Ensure get way to get paid
Deep Market Study
Understand people to understand you i.e.
what did people want?
what is their interest?
What are their earnings?
Where they will spend?
Find the Marketplace Problems and the Opportunities
Find the market problems to get execute your skill-calibers and experience to convert into opportunities.
Prepare One Page Business Plan
Your Choice
What you want to Sell?______________
Who will Buy It?_______________
How will your Business Idea help People?_________
Budgets
What be your maximum Capital Investments?_________
How much minimum & maximum Working Capital Required?________
How do you acquire your capital?____________
Your Rewards
What will you Charge?_________
How will you get Paid?__________
How else will you make money from this Project?________
Awareness
How will customers learn about your business?_________
How can you encourage referrals?_____________
Success
The Project will be successful when it achieves these metrics:
Number of Customer become a patron___________________
Annual Net Income______________________________________
Cash Realize in Hand___________________________
Sales to collection low gap____________________
No leverage or credits___________________________
No heavy Inventories___________________________
Obstacles/Challengse/Open Qestions
Atleast ask two question for each catogary
What is spicific Concern?___________
What would be the Proposed Solutios?________
And last and Least when shall you going to execute your Plan
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