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Starting a small scale business is not bad at all. But certain things must be considered in other not to be on the long run.
First of all, What is BUSINESS?
BUSINESS can be defined as a process whereby goods and services are been rendered to others who wants or need them.
(Author Unknown).
OR
A BUSINESS is a legal entity separate from its owner, that exist to offer a satisfying services in exchange for money or generating profit and creates wealth for the owners.
(Author Unknown)
STRATEGIC SMALL SCALE BUSINESS PLANNING (THINGS REQUIRED)
1. The question "WHY"
So many people venture into businesses without asking themselves WHY they need to go into such business. You don't venture into a business because people are doing it. You must have a different perspective all together in other not to regret your actions.
2. SKILLS
As a small scale business starter, you must possess some skills. Such as Leadership, Optimism and Faith, Passion, Vision, Time management, Marketing negotiations etc.
3. SERVICE
This is simply the application of your skill in the business you want to venture.
You must be willing and always ready to apply your services with all alacrity.
4. APTITUDE
This is just the ability to acquire knowledge or skills. You must not dwell on that which you already know. Always seek for improvement.
5. You must be a decision maker. If you don't make decision others will do it for you. And you might end up with a costly one.
6. You must be a person who's committed to hard work without slumbering.
7. Passion and Creativity must be your watchward. You must love what you do and and be bound to brings new things.
8. You can then choose your small scale business name.
9. Finally, there should be capital set aside for the business.
TIPS FOR TO A SUCCESSFUL/HEALTHY BUSINESS
1. You have to deliver more than customers expectancy in terms of quality.
2. Work consistently.
3. Be innovative, do attractive things.
4. Your actions must be guarded with discipline.
5. You must always be ready to sacrifice your time. You just have to be willing.
6. Don't be a slacker when things are/becoming tough or difficult. Never relent!
NOTE:
Owning a BUSINESS is not for everyone. And not every person is made out to be an entrepreneur.
(Author Unknown)...
