Complete Guide How To Get Started New Business (Section 1)

How to start a new business? No doubt, myworldshoot Friends, starting a new business requires hard work, there are many things to do. But with good ideas, creativity, a strong work ethic, and good resources, it's not impossible you can achieve business success. In starting a new business, you have to think hard to create a business concept, write a business plan, understand the financial side, and finally formulate a marketing and launch strategy.

Since there are many things to cover on this topic I will break it down into 6 sections. So that Those of you who want to start a new business can get a complete picture of the important points and step by step how to start a new business.

PART 1: FOUNDATIONS OF BUSINESS

1. Define Your Goals.

Do you want financial independence? Do you want something sustainable, and want to earn a steady income from your business? You must have short, medium, and long-term goals. 

So immediately determine now, what is the goal Are you in the business world? What do you want to achieve in the next one to two years? How about shadow about You and your business in the next one to two years? This vision of the mass will form the basis for your next step. 

2. Choose One Business Idea.

• Read: Is it better to invest in property or stocks?

Find out what business idea you want to be in. Do you want to sell goods or services? Brainstorm to find business ideas that might work for you. Write down all the business ideas that pop into your head. If you have interest, talent, experience, knowledge, and expertise in a particular field, it will become easier. 

Can your interests, talents, experience, knowledge, or skills be applied to a business and meet the demands of a market or a niche market? If so, focus your business idea on an area that you are good at or are passionate about. Combining expertise or knowledge with a market demand will increase your chances of having a successful business idea. And it can be a great way to start a new business if you start with something you are good at or passionate about.

For example, you may have worked in an electronics company as an employee for many years. At the same time, you see there is a market demand in your area for certain forms of electrical work. So combining several years of experience working in a power company, with market demand, can enable you to attract customers. 

3. Find a Name.

You may have come up with a name for your business at an early stage before you find the right business idea. If so, then the business name can help you focus more on certain things in the brainstorming process of finding a business idea. However, don't get caught up in the confusion of finding a good name in the early stages of business planning. You could be struggling for a long time to find a name, so you don't go to the next stage of how to start this new business.

After all, as long as it's still in the planning process, the name can be changed. Make sure the name is not being used by someone else. Try to come up with a name that is simple, easy to pronounce, and easy to remember.

 4. Define Your Team.

Are you going to run this business alone, or will you invite one or two friends you trust to join?

A team will produce better synergy. Combining two or three people's ideas can often create something bigger than one person's idea. The best way to start a new business is to form a solid team.

Take a look at some of the biggest success stories, like John Lennon and Paul McCartney; Bill Gates and Paul Allen; Steve Jobs and Steve Wozniak; and Larry Page and Sergey Brin.

 Look inside yourself, find out where you are weak, a field that you are not good at, or it could be an area that You are completely blind. Well, finding a compatible partner with your personality who can fill your knowledge or skill gap is the highway to your business success.

5. Choose Your Partner Wisely.

When choosing people to partner with in your business, be careful. Even if it's a relative or best friend Even you, it does not mean that you will partner well in business operations. Some things you should consider in choosing a partner are:

Can this person complement your weaknesses? If you and your partner have one skill in common, so be careful, because too many people do the same thing, while other things are overlooked.

- Do you have the same mission and vision? If you have different visions and missions, then you can be sure that the divisions that are difficult to repair will block your business. Therefore make sure your team has the same mission and vision.

• Read: How to Develop a Business with Small Capital

Objectively judge people. Try to be objective in judging people. This is the first of a six-part article on how to start a new business. Don't just read it, Friends of PoBis. Take a paper, and write down your ideas on it. Because in the second part of how to open a new business, later we will discuss a business plan or business plan.