WHAT IS BUSINESS?? WHAT TO DO BEFORE STARTING A BUSINESS
Business in the normal sense is said to be the brand or product sold out by an organization for it to make out its profit and also satisfy the needs the needs of their various customers.
With this it can be said to be as the two phase system which means that a business should be a win win process, the win win here is that both the two party that involve in the business transaction business should win on each side ( THE CUSTOMER AND THE SELLER ).
Business is not one person gain from, it should be to the satisfaction through earlier bargain of the two party before the process get started.
Now talking of knowing what business mean, in the real sense, as the name of this connote we are here to always give you answer to all ‘WHAT IS’ that you ought to know, so to cut the long story short, business now as the act of selling to people does not mean that because you know of someone doing a particular business let assume someone who opens a shop to sell soap, now because you see the way people have been coming to get her product, now you feel that is the right business for you to do , my dear friend i will tell you that you have just put your head into the bush when you see the right part to follow , now your question will be so what is the right part?? Before i tell you the right pat to follow i will first tell you three things you do not know about the other person you want to imitate.
THREE THINGS ABOUT THE OTHER BUSINESS PERSON YOU WANT TO IMITATE
Ø HIS OR HER YEAR OF EXPERIENCE IN THAT BUSINESS : the experience of someone in a particular field makes you become more and more error free in the course of doing that business, the problem in that particular business is suffered by the newbie that her just entering.
Ø THE SKILL HE/SHE HAVE ACQUIRE : Mr Scott knows business system to acquire good income means that he did not acquire the knowledge or skill a day, he works towards it and from step to step he has acquired what he knows today, acquiring knowledge is like specializing yourself with a thing all the time, for the sake of this post don’t because Mr Scott has been doing this business over years, i too can make it,my dear friend, i cant lie you , you might liquidate.
Ø HOW DEEP HE HAS GONE IN INVESTMENT : it is when you begin a business you always think of gain all the time, but you you hear this clear fact, the bigger business men run after the investment scheme rather than focusing more on acquiring profit which might make the organization or business look like a no backup-life during the process of loss, don’t forget loss is part of running business.
Now that you already know all this, mind you am not confusing you not to do the kind of business you want to do, but i am only giving you some meticulous steps which you need to know for business sake and as business is concern, for the purpose of this post i will tell you three things you need to do before you think of starting a business.
Ø CARRY OUT RESEARCH : had it been many people can read this post before they ventures into business , i cant lie you most will haven’t liquidate, for to research is gto know the inception of what step to take, researching does not limit itself to the business alone but also the profit t gain in the business, from this stage yo now know if the profit seems satisfactory by you , research is one of the best way to know the do and does of a business, don’t tell me you don’t know how to research, life is now easy, go online and search for things about that business you want venture in , i will advice you to try as much as possible to research on the profit of your business, because ‘WORK WITHOUT GAIN BRINGS OUT THE FORCEFUL REMOVAL OF ONESELF FROM A PARTICULAR DIRECTION’
Ø PUT YOUR PASSION IN THE BUSINESS : business is one thing i should call passion is needed, being passionate with a business is like the expectancy of ones first born, things you don’t have passion for, comes around to turn you down, so in any of the business you later find yourself doing, do it with passion and show interest. BUSINESS STATE THAT MY NAME IS INTEREST IS NEEDED
Ø DO PROMOTIONS : Thank God the world has grown so big and vast that you might not even use money to promote yourself, there is the advent of Facebook and other social media you can always use for promotions, promotion is one of the key to business, try as much as possible to focus large audience in your reach with promotion, to boost yourself up and up, you can always pay little for promotion of your brand, TRY IT AND YOU WILL SEE THE GOOD TASTE OF BUSINESS.
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Ibkemmanuel
Hi, I'm IBK Emmanuel, A 500 level student at University of Lagos, Entrepreneur, Podcaster, Tutor and also Vlogger inter Alia, and I welcome you to the about me page of our lovely Note : UNILAG Post UTME 2024 is out from 5th of August- 23rd of August! Register with us now by texting 08130184805 website, I hope you have a good experience navigating around so far, please if there is any question, you can with all pleasure ask, and i will in my best interest answer all your questions. We also register student for any form of examination ranging from GCE, WAEC, JAMB, P.UME, JUPEB and so on, we'd like you business with us as we deliver you the best service. Not to forget we also conduct both online (free and paid for) and offline Tutorials (home service for people around Lagos, the banner have have some of our service). You can contact us on : WHATSAPP : 08130184805 PHONE : 08130184805 FACEBOOK : IBKINTELLECT page