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Sunday, November 4, 2018

7 business cycle step, you must follow!

           ( Need to do and know how to do at each stage?)
Now everyone wants to start a business who have finance for startup, but some people have the best ideas for business. The people who have finance they can start any type of business at anywhere without any tension. But on the other side, those have a business idea they actually confused how to arrange finance and other responsibility. People face some problems before startup they should do for the survival of the business. Some important points you should be followed before starting any type
of business.                                                                                                                                              


These keys only for startup and future plans for the successful business.

    1. Motivation and commitment

          The businessman or entrepreneur person who wants to start a business he should make sure about the real commitment like I will do this work with full passion and struggle. Everyone knows about the current situation of worldwide markets but you must do hard work and motivate with other business struggle and plans.


      2. Raw idea

           People have thousands of ideas about the new business startup, this is a common factor in our society but we should analyze all the idea which already exists in the market. After research about raw ideas we analyze all ideas about their investment, location, target market, likes and dislikes of people about the product which you are selling. Everything matter with your product.


     3.Valid idea

         Now we refine all the idea which we think. The basics of every business are that finance, market value, location, and future plans. The idea has two types: first to renew existing business or service in the product in improvement. Second is to build new product or service according to the needs of customers.


    4. Arrange the resources


         If you have business plans then make sure to find the government resources or contact with private companies. Some people have the finance to invest in a business. You can take a loan from the bank against property. 


     5. Negotiate for entry ( Plans )  

          Now you can enter into business and make sure your plans should according to the needs of customer and prices, quality, quantity can affect your business. Everything should be different from others than you can develop your business. Sales can affect your business if your business is expensive then can toph in the selling process. For example, iPhone only target the richest people needs no poor or middleman can't buy easily. The Sales as compare to Samsung is low because of Samsung target every class, people. 


     6. Birth

           Now Birth is about to startup plans what you are offering? The initial discount and package can affect your sales. For example, When Mcdonalds start they provide to customer breakfast in only one dollar that is the big deal for customers. Your startup plans always make your business creative and help into survival. 



     7. Survival

          Every business runs three years easily without any restrictions and tension. Now to plans what is next? We can draw all the future plans about for customer satisfaction. For example, if you launch one model of your product then to relaunch again with a new model and their specific features and specifications. Your future strategy is your survival. 


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