BE YOUR OWN BOSS
Setting up and running your personal business could be somehow challenging due to so many factors such as raising adequate start up capital, getting patronage and overcoming intense competition from existing and established business organisations.
Success in owning a personal business takes patience, diligence and having passion for what you do. The first step in becoming self employed is having a good business idea.
You must have an idea, a product or a service in mind that people are willing to pay for due to its uniqueness or importance before you can launch out.
There are various means of generating good ideas that can be transformed into flourishing business ventures.
Good ideas that can be transformed into successful business venture are generated through:
(i) Need Identification: You can identify a need in your environment and turn meeting such a need into a profitable business venture. Start thinking of a need in your immediate environment that you can meet profitably by setting up a profitable business venture.
(ii) Product or service modification: This can be achieved by creating a unique product or service from an existing product or service through adding something unique to the product or service. A typical example is packaging a fried plantain chips in a unique well labeled plastic or sachet.
(iii) Need creation: A need satisfying product or services could be created. Nobody thought he needed a television before it was invented. God can give you a unique idea that can lead to the creation of a non-existing product or service.
(iv) Research: Good business idea can also be discovered through intensive reading and research. You can get business ideas from reading wide.
(v) Passion: Many people today have turned their passion into a profitable business venture. What are you passionate about? You can create business venture around what you are so much passionate about.
What are you waiting for; turn that unique business idea of yours into a flourishing business venture. The time to begin is now.
Setting up and running your personal business could be somehow challenging due to so many factors such as raising adequate start up capital, getting patronage and overcoming intense competition from existing and established business organisations.
Success in owning a personal business takes patience, diligence and having passion for what you do. The first step in becoming self employed is having a good business idea.
You must have an idea, a product or a service in mind that people are willing to pay for due to its uniqueness or importance before you can launch out.
There are various means of generating good ideas that can be transformed into flourishing business ventures.
Good ideas that can be transformed into successful business venture are generated through:
(i) Need Identification: You can identify a need in your environment and turn meeting such a need into a profitable business venture. Start thinking of a need in your immediate environment that you can meet profitably by setting up a profitable business venture.
(ii) Product or service modification: This can be achieved by creating a unique product or service from an existing product or service through adding something unique to the product or service. A typical example is packaging a fried plantain chips in a unique well labeled plastic or sachet.
(iii) Need creation: A need satisfying product or services could be created. Nobody thought he needed a television before it was invented. God can give you a unique idea that can lead to the creation of a non-existing product or service.
(iv) Research: Good business idea can also be discovered through intensive reading and research. You can get business ideas from reading wide.
(v) Passion: Many people today have turned their passion into a profitable business venture. What are you passionate about? You can create business venture around what you are so much passionate about.
What are you waiting for; turn that unique business idea of yours into a flourishing business venture. The time to begin is now.
