The 8 Most Important Steps To Start Your Own Business

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2. Draw a Business Plan

Even if you are setting up the enterprise alone, having the plan helps you to address important issues that determine your success in the industry. The plan will help you to:

• Know your potential clients

• Understand the purpose of your enterprise

• Know your competitors

• Set prices for your products or services

• Set your enterprise in the most appropriate location

• Project the financial position of your enterprise

• Know the cost of setting up the enterprise


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39 thoughts on “The 8 Most Important Steps To Start Your Own Business”

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  2. Good evening sir/ma

    Happy new year to you all, i really want to thank you for the great job you are doing.
    I mean the kind of teaching you’re given us on how to do business it’s quite commendable.

    Thank you

    1. Funding should never be number one; the topmost priority is ‘idea generation’. People, banks and investors alike don’t only invest on personality but on a viable business idea with a well thought out business plans.

  3. This is a real uplifting teaching, it ignites ones spirit to think on starting a business already. I have personally saved the critical 8 points on my desk top. Thank you.

  4. Please am Patrick from Ghana west/Africa.
    I have seen the acknowledge from people about your tips on how to start your own business but I can’t see it here to read.
    Am young man of 28years and want to start my own business and really be happy if you will guide and help me.

  5. Thanks for you nice and humble advise to begin.I hope to become the market leader as i planning to start.Any news please send i will appreciate concerning business. Thanks in advance.

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