How to startup new business? what are the basic tips of business?

HOW TO TAKE NEW STEP OF BUSINESS?

There is the following point you should follow before startup a new business:

1) Business Types

First, you think about the business what you want to start? 

Here are two types of business that are actual start people:

a) New items & Innovation

 b) Trending Business

• When you start a new innovation and new style of business.
  You always introduce that product who never uses before it. It also includes a new technology product.
  For example the water bike. its depend on engine and water technology. In this system, you are always facing problem for permission of work. you are always given new item when the market is out or you are unique from others.
• You are always investing in the trending business.
   For example Vehicle company, Broadband company, Telecommunication system. In these type of business, you spend more money to get a position in the market because you are always in the competition. The market also effect you provide a new product that should be competing other product.
  
   If you take an example of Honda Vezel car now it's also in the competition against of Toyota CH-R car. 

2) Market

You always find the market where you sell product and where you bargain with people. A good businessman targets those markets where he easily sells the product. In this era, everyone can't compete with everyone because you budget spends on the competition. Here is a step of the market:

• Segmentation 

When you target someone to market you always focus on goodwill or make some valuable name in the market. The reality of segmentation is that your target market where you sell own products. segmentation follow 5 types of market:

1. City Area
2. Village Area
3. country vise
4. Multiple Countries
5. While the world

3) Competition

before start a business you should always search about the competition of product. If competition occurrences in the market then it makes some problem for you in the working condition and surviving of business. if not then you can take a wicket of the market ground.
 For example, In Petroleum company you invest huge amount and competition is high. 

if you launch a new innovative product and it should be beneficial for customers then you can lead a market. This is the first step of your successful business.

4) Registration 

When you provide product before that you should take permission from the government or register from the government. It makes your value in the market and create a trust on customer, dealers, wholesalers. If you register then your responsibility is to provide the good product that's beneficial for the customer or end user. Register from basics are the following:

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5) Suppliers 

Suppliers help you to provide end users and make your value.every business depends upon suppliers because they supply product into the market, deals with the wholesaler, retailer, till customer and consumers. This is the following chain, everyone should be followed.

• Employer
• CEO & Director
• Managers
• supervisor
• Employees
• Suppliers
• purchaser
• Contractor 
• Broker Agent

6) Business Name

your business name should be different because the effect of the name can attract anyone like Chinese brands, American brands. E.g McDonald's, KFC, KIA, Mercedes. These companies have unique performance than now famous in the world.