6 steps to starting your own business

Any one that wants to run a successful business operation must have sound plans to pursue. It could come in form  of financial plans, sales plans, production plans,etc. In a rapidly changing environment like ours, proper planning will equip the entrepreneur to be guided on the structure of the organization as well as the precautions to be taken  to forestall imminent  failures.
These are few steps to take when starting your own business

1, put you  business ideas into writing

   Putting down your business ideas in writing will go a long way in helping you plan your business. So do put all your ideas first in writing

See 5 simple ways to make money online

2, market survey/cost

    Survey the market know your competitions an the amount required to start up the business.
No establishment  is operated without determining the cost implication of the project. Hence,  adequate care  must be taken  to plan for the cash-flow requirement. So the set up cost and the working capital needed for business have to be planned ahead of time

3, know your customer

     To start a business and make profit, you must know your costumers and know how to reach them

4, Register your business

You should  register  your  Business to government agencies in-charge of businesses like yours

5, separate your accounts

    Separate your personal and business finance.
Open a different bank account for your business

6, professional help

   Seek professional help or advice from other  agencies and business personal to help  you understand more about the business.

also read:5 ways to promote your business