Tag : guide

Short Guide to Business Funding

In a time of global economic recovery the need for entrepreneurs and new business start-ups has increased. Through entrepreneurship and hard work, new jobs and increased prosperity locally and nationally, can be created.
Whatever the reason an entrepreneur may have to begin the rewarding journey of a business start up, funding of the business will most likely become an issue that eventually should be addressed. There are however multiple steps to be taken prior to raising funds for your business idea, where one of the most important steps is to write a comprehensive business plan. This article is written for those who have successfully completed those steps and will therefore give a short overview on different types of business funding. Many different types of funding do exist if self-funding is not an option and each of them is designed to meet diverse requirements by the recipient:
The most obvious being …

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Find Your Niche – A Practical Step-by-Step Guide to Finding What’s in Demand With Low Supply

The first thing that you need to do is to create for yourself a clear vision or idea of what you want to do. You need to determine what your product or service is going to be, who your target market is, and just how you can genuinely and meaningfully help them.
Now, that last part is most important. You need to be sure that you are actually, and sincerely willing and able to somehow improve the lives of your customers. Selling a less-than-reputable product or service is going to cause a lot of damage for you and your business. It is a sure fire way of going bankrupt.
Throughout your entire business experience, always keep the customers wants and needs at the forefront of your mind!
So, how do you come up with your idea? Well let’s start with a simple exercise:
Take a blank sheet of paper and …

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