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5 simple tips to keep in mind before starting a business
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[QUOTE="Kennysplash, post: 275857, member: 26385"] 1. Capital: A business man should know that there are two types of capital: financial and human. Financial capital is the money that is needed to start a business, while human capital is the skills, knowledge, and expertise that are needed to run a successful enterprise. Do you have your capital ready? 2. Goals: In order to succeed in business, one needs to have clear goals in mind. These goals should be measurable and achievable. There needs to be a clear understanding of what the company wants to achieve within a certain time frame. The company should also understand how much time it will take for them to reach their goals and what resources they need in order for this process to happen effectively. What do you want your company to be like in 5 years? How much capital do you need? What are your long-term goals? What is your short-term goal for the first year? 3. Resources: In today's day and age, it is not enough to just have a good idea. You need to have the right tools and know-how to get your business off the ground. 4. Deciding on a name: Make sure that your name is catchy and memorable. You should also make sure that it does not infringe on another company’s trademark. If there is already a company with the same name as yours, you might want to change yours. 5. Getting your work or office space: Where will people work when they come into the office? Do they need desks or will they be working remotely? These questions are very important and requires deep thinking. [/QUOTE]
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5 simple tips to keep in mind before starting a business
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