13/07/2020
For one to start a successful business, there is need to follow some steps. NYE believes that the youth can be better enterprenuers if well trained. Without knowledge, no one can build a better business regardless the amount of Money. Here are 10 steps that are required to start a business successfully. We shall be discussing one step at a time, and you'll be on your way to successful small business ownership.
Step 1: DO YOUR RESEARCH
Most likely you have already identified a business idea, so now it's time to balance it with a little reality. Does your idea have the potential to succeed? You will need to run your business idea through a validation process before you go any further.
In order for a small business to be successful, it must solve a problem, fulfill a need or offer something the market wants.
There are a number of ways you can identify this need, including research, focus groups, and even trial and error. As you explore the market, some of the questions you should answer include:
Is there a need for your anticipated products/services?
Who needs it?
Are there other companies offering similar products/services now?
What is the competition like?
How will your business fit into the market?
Don't forget to ask yourself some questions, too, about starting a business before you take the plunge.
In Ndirande we have so many places where one can start of starting and developing a bisiness....Goliyo, Safalawo, Chakana, Mtambalika, Newlines, Makata, Mpembu, B13, Majiga, Zambia, Malasia, Gamulani, Satowe, Baghdad, Nyambadwe kungotchulapo ena mwa maderawa...Tiyeni tiyendereni nkuwona kuti kodi business yomwe tingapange ndi yanji poyang'ana mabuto omwe anthu mdera lathulo akukumana nawo...Kumbukirani, kudya katatu nkotheka ngati munthu walimbikira pohwira ntchito...
One Ndirande, one love....
Be there next time until we finish all the 10 steps of opening a small business.....palibe amalemera kamba kogwira ntchito. Ndirande Newz,