What you should know and do before starting a business

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In this recent times, the growth and publicity of starting up businesses, becoming entrepreneurs and taking charge of the business industry have grown vast. Everyone wants to start or own a business to enable them to have a better living which is very inspiring. Sadly, we must understand that not everyone will become an entrepreneur due to different reason. One very common reason is due to lack of skills, knowledge and how to start a business. 

The first tip for starting a business is to ‘have an idea of what you want to do’. Without knowing what business you would want to venture into, you wouldn’t achieve your financial goal.

The second tip is to ‘budget your capital’, the funds needed to start the business. In all honesty, to start a business, you need funding from sources, e.g. through loans, grants, personal investment,  business funding proposal, etc.

The third tip is to recognize and know your ‘targeted audience’. It is essential to know who the consumers of your product are so that you don’t end up producing for anyone and running at a loss. You need to learn what your market audience wants and be unique in your business approach.

Starting a business takes a lot of skills and potentials. I gave more business tips on my podcast ‘MOMENT WITH EWAOLUWA ORITU ‘, stating the primary necessities to get familiar with. If you listen, your journey to a successful business career will become a lot easier and understandable.

This is the link to listen to my podcast.

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