STAGES TO CONSIDER BEFORE STARTING A BUSINESS.

STAGES TO CONSIDER BEFORE STARTING A BUSINESS.




    Business is the activity of making ones living or making money by producing or buying and selling of products. It's a means of survival for man and the ones he has responsibility on.

The joy of a business man is to make huge profit and become successful in his business. Looking at successful people, they never quit because of challenges but keep struggling regardless of the issue that arises. They made plans before going into the real deal, for he who fails to plan plans to fail.

Therefore, there are certain stages to consider before starting a business.

a)  Idea generation : This is the first stage.  You can never start a business without a well grounded idea of what you are about to do, what you will need and the best thing to fit the society you are in, or else, the business will collapse on the way.

b)  Planning : This is the second stage, where you give in details how the business will be, the capital to use, equipments needed and all strategies to enhance the growth of the business, as I earlier quote: " he who fails to plan plans to fail".

c) Implementation: This is when all goals you set will be put in action, by making it come to pass and struggling to achieve it. Challenges may arise, but without relenting, verily! there is light at the end of every tunnel.

d) Success completion of the Activity : This is when the business has been fully established, whereby, you compute your expenditures, to know how it has been so far.

e)  Accepting the reward: This is the last stage, where you calculate your  income and expenditure to know the interest so far, and accept it the way it is.

Thanks for your time.

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