Becoming a successful entrepreneur does not require a lot of money but require innovative ideas and a strong urge to do something extraordinary and prove oneself. It is amazing that there is no need of huge investment to become an entrepreneur. Because, if this would be the major requirement then none of the following would have existed who have created history.
When, Michael Dell, the founder of Dell Computers, started his business he was having only one thousand dollars that too were borrowed. Bill Gates started his business with just five hundred dollars. Even after starting their business with so less investment its well known where they have reached by now. Perhaps on seeing their success, the students of well known business schools are going towards entrepreneurship instead of placement in good companies. Then what are you waiting for? Get ready to sail as an entrepreneur in the ocean of global market.
Your Success Plan
According to a recent survey, the young generation is inclined towards entrepreneurship even in the present recession period. To venture a new enterprise you require a success plan.
Unique Business Idea:
It is essential to have an innovative business idea to start any type of new business. Especially an idea that is really unique. Before starting any new business it is mandatory to the homework related to the business.
An excellent Business Plan:
You are required to prepare a roadmap on the idea including features, gains, price, competition, and finance etc. In addition, there is need to do market research in the relevant business area. You are also required to look into the long term feasibility of the business.
Using Finance as a fuel:
If you are planning a 100 km journey and your car does not have the required fuel then you just can not imagine reaching your destination. In the same way if you have prepared a business plan and you do not have the required amount of investment then you can not achieve your goal. You should know well in advance that how much investment is needed for the venture. You can arrange finance from bank, relatives and friends.
Proving Yourself:
After doing the business planning, the main phase is to execute the business plan. Sales and customer service are the acid tests for a new businessman. In fact, this is the time when you are to prove 100% of your skills so that people start entrusting you. Its only then, when the real success story starts.
When, Michael Dell, the founder of Dell Computers, started his business he was having only one thousand dollars that too were borrowed. Bill Gates started his business with just five hundred dollars. Even after starting their business with so less investment its well known where they have reached by now. Perhaps on seeing their success, the students of well known business schools are going towards entrepreneurship instead of placement in good companies. Then what are you waiting for? Get ready to sail as an entrepreneur in the ocean of global market.
Your Success Plan
According to a recent survey, the young generation is inclined towards entrepreneurship even in the present recession period. To venture a new enterprise you require a success plan.
Unique Business Idea:
It is essential to have an innovative business idea to start any type of new business. Especially an idea that is really unique. Before starting any new business it is mandatory to the homework related to the business.
An excellent Business Plan:
You are required to prepare a roadmap on the idea including features, gains, price, competition, and finance etc. In addition, there is need to do market research in the relevant business area. You are also required to look into the long term feasibility of the business.
Using Finance as a fuel:
If you are planning a 100 km journey and your car does not have the required fuel then you just can not imagine reaching your destination. In the same way if you have prepared a business plan and you do not have the required amount of investment then you can not achieve your goal. You should know well in advance that how much investment is needed for the venture. You can arrange finance from bank, relatives and friends.
Proving Yourself:
After doing the business planning, the main phase is to execute the business plan. Sales and customer service are the acid tests for a new businessman. In fact, this is the time when you are to prove 100% of your skills so that people start entrusting you. Its only then, when the real success story starts.
