LovesTheTeam.com

Instructions

1

Formation of seed capital is the firsta question that must be solved by a beginning entrepreneur. You can earn it yourself, take a loan from a bank or ask for investments from already established businessmen. To take a bank loan for the future business is advised by experienced people who know how to do business and manage business. They are less likely to become bankrupt and have something to give the money they took from the bank.

2

Excellent practice for the future entrepreneurwill be the writing of a business plan and the search for investment for its implementation. Investors do not give money for unpromising and unsuccessful projects. Therefore, refusal to help will be a signal to a young businessman that the planned case has high chances of failure. And the process of searching for investors will become a way to make useful acquaintances and establish business contacts with potential partners in the future.

3

Doing your business requires knowledge in the fieldjurisprudence, management, market conditions and many others. You need to buy them in advance, reading the necessary literature, having studied at the courses of entrepreneurs or looking for information on the Internet.

4

Starting your own business, tune in todaily hard work. Perhaps, for the sake of success, you will have to stand behind the counter yourself, unload the machines with the goods, work without days off from morning till night. You can not relax until you have the opportunity to hire a professional manager.

5

Clearly plan your goals and trysystematically, step by step to implement them. Do not put yourself in advance of impossible tasks, do not seek to get rich quickly or earn big money. Learn to think through all the actions for several moves forward, look for various opportunities to implement plans, check everything in practice. Do not forget about the details: you can not succeed, without going into all the nuances of the case with which you work.

6

Change your attitude to money. Money should not become an end in itself, but an instrument for achieving financial prosperity. In other words, money must make money. Many successful businessmen have millions not in the form of banknotes or accounts in banks, but in the form of assets - stocks, bonds, stores, vehicles, commodity stocks.

7

Do not forget about possible failures, force majeurecircumstances, possible crises. To reduce the risks of ruin, some create a financial "safety cushion", some insure property and business in insurance organizations, some invest money in other types of business.