“Every business I have started comes with interesting stories; both pleasant and horrible, but all led to action.” Abiodun A. Abiodun

I have told good and bad stories in my business life, which brings about the words I quoted above.

I have to overcome a lot of hurdles to start my first business, until I learnt that getting things right in business depends on taking the right steps one after the other.

Now, you want to start your own business. It does not matter how hard you work to set the ball rolling, but how smart you work. Below are the 12 smartest steps to take to start-up your business:

1. Think of an idea: Every human being is naturally gifted with creativity, but you won’t discover the gift until you think. Think of a business idea that add value to lives of human or solve human needs. The ability to come up with workable solution to human problem or needs could turn to a business for you.

2. Write it down: Whatever idea comes to your head or any inspiration you get, try as much as possible to get it written. Put it to paper because it can easily fade away if you put all off hands.

3. Plan: Not as difficult as you think. Writing your business goal, model and simple summary of what your business is about is enough to make a business plan. Though you may need a professional business plan if you want to get a loan or if you want to sell out the business.

Making a business plan should not cause a delay in starting your business. If you do not have the idea on how to write business plan, get someone to write it for you.

4. Set up the legal structure of the business: Determine the form of business ownership you want. Decide if you want to work as a sole-proprietor or as a partnership, Limited liability company, co-operative, Non-profit, etc.

5. Brand and register the business: Choose design, logo, trademark, slogan and business name; then register the business name with the corporate affairs commission.

6. Raise start-up capital.

7. Open a bank account.

8. Establish online presence.

9. Get a place.

10. Hire your employee.


11. Know your competitors.

12. Get started: Talking about your new idea takes more energy than taking steps to launch it. Stop the talk, start the move. Now!

For complete and insightful detail of this post and other articles on Business and Investment,visit: http://www.mybroadstreet.com/12-steps-to-starting-your-own-business/

Fhemmmy: Ummmmmmmm . . . Nice one

Thanks so much Boss!