This is an article from e-paper Business Standard appeared on Jul 22, 2010 in page 14

­: Editorial :­

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On

How to Start Your Own Busine
Money
 Overview
Creating and sustaining your own business is still the surest way to
wealth. It is by far the more difficult route to take, but many have succeeded.

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There is a fallacy mindset that you need money in order to start a business.
The purpose of this article is to challenge that mindset. Possessing the right
knowledge and having perseverance and dedication is more important. Being
prepared to fail a few times is also vital to your ultimate success.
 these are some steps


 Step :- 1  Step :- 2


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v'Grow' some passion vBe prepared to
and determination. reinvent yourself.

Step :­ 3 Step :­ 4

vConduct a few tests run  vStart your business 
on your ideas to evolve  whilst still employed.
them..

Cont..
 THESE ARE SOME STEPS

Ste p : ­ 5 Step :­ 6

vFind opportunities to build skills vRemember that the customer

you require succeeding in the is most important.

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area you intend operating in,
with as little cost as possible.

Step :­ 7 Step :­ 8

vLet your creativity replace vRemember you are your

your money. best employee.

Cont..
 THESE ARE SOME STEPS

Ste p : ­ 9 Step :­ 10

vInvolve your family in your vTry to avoid Partnerships.

business (wife, husband

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and children).

Step :­ 11 Step :­ 12

vIf you have a home, this is vBuild your ability to 

where your first office has barter.
to be.

Cont..
 THESE ARE SOME STEPS

Ste p : ­ 1 3 Step :­ 14

vGive discounts and offer better vMake up for the absence of

value for money than money with hard work.

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competitors.

Step :­ 15 Step :­ 16

vKnow your rights. vLook after your physical,

mental and emotional state.

Step :­ 17

vGet the balance right.

 some important tips
ü Try and avoid borrowing money, wherever possible.

ü Try and avoid committing to long term contracts.

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ü Don’t flippantly share your business ideas with others.
prince dudhatra-9724949948
THANK YOU