Business Post Contributor
How do you launch your business and bring your product to the top if you have never dealt with project management before? That’s easy: learn entrepreneurship at business courses. They will provide you with useful practical knowledge.
Questions for an aspiring businessperson
What should a novice entrepreneur do to make the idea “take off”? Lectera experts suggest answering a pool of questions about yourself and your future business to find out.
- Which of your skills are well-developed? What have you studied and what would you like to learn?
- What activities do you enjoy or hate?
- What is your idea? What will you be selling and to whom?
- What are the needs of your potential customers within this idea? Who are they?
- Is there a demand for the product you plan to produce?
- Can this product be sold multiple times to the same consumer?
- What effort and how much time will you need to spend on concluding a deal, that is, making a sale?
- Are you employed? If yes, can you combine employment and business? Are you ready financially and morally to quit and devote yourself to the new business entirely?
- Are you going to look for a team? Who should be in it?
As entrepreneurs from the Lectera business club say, the key is to be honest with yourself and not try to appear better or a hundred times more experienced than you actually are.
What is more profitable: providing services, trading goods, or creating your own products?
If you are not yet studying at Lectera and do not know what will be more profitable – services, goods, or production – read the following paragraphs describing each direction.
- Providing services
If you have education, work experience and free time, you can start by providing services. If it requires renting an office, purchasing equipment, or taking countless courses, it is hardly worth it. At least if you want to start quickly. Without investments, you can create websites, sew and knit to order, repair equipment, cook, clean, set up contextual and targeted advertising, create designs, etc.
- Trading goods
If you do not have the funds to purchase the first batches of goods, you can try to become a sales agent, distributor in network marketing or an intermediary. You can find out what buyers are looking for through services for collecting analytics, such as Google Metrics. After that, you can find manufacturers of these goods online and send them a commercial offer for cooperation. Or find buyers first, and only then go to a potential seller with a commercial offer. Of course, a certain fee for mediation should already be included in the cost of the goods.
- Producing
Do you know how to make something with your own hands? Then you can scale this skill and monetise it! You can make jewellery, soap and related products, plush toys, bouquets and so on without leaving the comfort of your home.
Keep trying even if something doesn’t work out, stay persistent, and your business will definitely become a new unicorn! And we at Lectera will help you to achieve this.
