Many people complain about lack of income or lack of income, for many reasons: lack of skills, lack of knowledge and the infrastructure and economic resources of the area or the country they are in that are not well used. Apart from the unemployed, even the government, companies or organizations that work for themselves are not paid enough; Therefore, many people like to create a source of income from which they can have their own income.
So, before we dive into the content of the topic, we will look at the advantages and disadvantages of doing your own business.
Advantages:
.First of all, it is easy to set up your own small business
.Its management is also easy
.All earnings are yours
.Not much tax is required
Your problems are easy to solve
If you don't have to wear it, you can easily leave it
Disadvantages:
.As it is your own business, all liabilities are on you.
.Skills are limited (since you don't have a diverse workforce)
.Funding sources are limited as well
How Do You Find Your Business Idea?
Suppose you have decided to create a sole proprietorship, where should you start? Where do you start? How do you start? These are important questions to ask yourself when starting your project. You remember everything when it starts with an idea or a vision that occurs to you. So; To learn about where and how to get a business idea, read the articles below:
1. First of all it is necessary to know yourself and have a good knowledge of yourself. You have to know your talents and what you are good at and also like to do them all the time, so maybe what you like will be the foundation of your successful business project. Example: You like sweets, start a small confectionery company. "Turn your passion into a business!"
2. Be aware of the trends and economic changes in your community, it will definitely make it easier for you to find a business idea.
3. Our society often when they think about creating a business, they only think about buying an existing or known business. Think of adding something new, take a look: products and services in the international market, you can see a service that was not known 20 years ago, but today has the largest market (largest industry) why?, someone like you He just thought about it, and saw that the product could be useful to the community and it was needed, and then he did it, and it was successful. "Try to add a new service!"
4. Try to donate old services or used items, food, drinks, clothes, household items, educational materials and all the daily services that are used in every home can be donated. For example: As we all know, tea is brewed, sold and distributed. A young man came to the city of Hargeisa, who lived in the United States before, and invented a new way to brew and sell tea. He took the tea that was sold in the restaurant and used to sit in a small tank, and then he went to the markets of the city, the person who ordered it is poured into a cup that can be used only once, and he left with his tea business "Dhakka Jabiye". You can also sell an existing service in another way.
5. You may have a good business idea, but you miss the right market, don't be discouraged, and be careful to always limit your thoughts to your area or city, why? In other regions, it is surprising that you need more, and you can find the appropriate market.
6. Hunt for opportunities. There may be opportunities in the market suddenly, due to new products that have appeared in the market. Example: Your community learned about food that they did not know before, but it comes unprepared, and can only be prepared by a few people, OPEN a market to sell it prepared.
Yes. You're not the same now, I think, you've brightened up a bit, haven't you? You have found the business idea that is right for you, you can create your business, all that is left is the implementation!
What Are the Characteristics of a Successful Entrepreneur?
1. He has an undying passion for his work and business.
2. He is not afraid to take business risks
3. Absolute confidence, competence and conscious decision-making.
4. He is adaptable and good at working with people.
5. He has a good knowledge of the products he is selling and the market.
6. He has a good money management system.
7. He has effective planning skills
8. I am not surprised that he left the market and lost his business.
I hope you for a successful and legitimate business
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