TOP 5 QUESTIONS TO ASK YOURSELF BEFORE STARTING A BUSINSSS

To so many people starting a business is as easy as any other thing especially with someone who has a capital for that. Starting a business is good and somehow easy if you know and understand your niche.

Below are TOP 5 QUESTIONS TO ASK YOURSELF BEFORE STARTING A BUSINSSS with or without a capital in order to make sure not to fool the crowd of old business people

1. I’M I REALLY READY?
A lot of people startup a business without being ready. They have the money and the best and first thing they think of investing in is business without knowing which kind of business, what it takes to run a business, things to understand about business. They don’t understand any of that. They seem ready for it due to maybe the resources they have and or the outview of other people’s business. So ask yourself if you are ready for this and be true with yourself and also note that, most businesses are seasonal.

2.    DOES MY IDEA SOLVE A PROBLEM?
Nowadays when most people talk of business the first thing that pops in their mind is MAKING MONEY which is actually right but you can’t make money if you aren’t solving a problem. The prime factor of business is if the business meets the needs of consumers. You’ve got to find a problem, understand it, study it, then get to solving it. If you can’t find the answer to this or first thing about your answer is money then you still have to go deep before starting.

3.    CAN IT BE MONETIZED?
Whatever business you are planning to start, make sure it can be monetize, make sure you can earn from it. It’s not just about starting, it’s also about earning. You definitely have bills to settle and so you need funds. For you to be able to earn in business, you need to understand how that business works. You need to he consistent, keep learning, avoid competition, take risks, don’t price high and don’t price below your values. It takes CONSISTENCY to earn in every business. So no matter the obstacles, you have to keep pushing in the business, don’t give up.

4.    WHO ARE MY TARGET CONSUMERS
One of the biggest errors you will make as a startup is starting a business in an area where the target consumers won’t see. It will be very risky for you and the entire business. You have to know those who want what you will be selling and find out their base. Are you selling products that focus mostly young people, then you can go to Molyko-Buea and startup. There you know you have all age groups and open to more consumers. Knowing your market is very important.

5.    BRANDING AND CUSTOMER SERVICE
Business comes with so much branding. Are you branded? How often will you brand yourself and the business. Maybe your business is all about selling services, how do you sell yourself to convince a client? The way you talk, what you know, the way you look, these are some of the things that captivated people to patronise you.

Now customer service. Most of people have a bad approach, they don’t know how to let things pass by. Trust you’ve heard that the Client is always right. It’s funny but true. If you find a client wrong, do not attack by being harsh or rude, there are always smooth ways of handling hard customers because there are customers who come to taste you. You don’t have to let them get into you. You have to keep a smiley face, a sweet tongue and an open arm. Customers want to be pampered no matter the situation. Note that.

If you answer the above listed 5 questions honestly and you feel the need to startup your business, than do not hesitate. You’ve got the floor. Remember to be nice at all times.

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