Pioneering your own business is not as easy as imagined. Many important things that you should prepare. Starting from the type of business that will run up to the terms of marketing. If you are less knowledgeable and not serious about building the business, your business will not grow and can lose. As said before, it is important to know so many things before you start a business in Indonesia.
Therefore, many prospective entrepreneurs are using the services of business consultants. They hope to get a mature strategy and planning before starting a business that will be occupied. How about you? I do not think you need to hire the services of a business consultant if you just open a business with a small capital. In addition to the cost is relatively expensive, pioneering your own business with small capital can you learn yourself from scratch.
1. Determine your Business Type
Open what business? Maybe this question appears in your mind. Before deciding to pioneer your own business, it is important for you to determine the type of business and read current business opportunities that have bright prospects. In addition, these types of businesses should match your interests and expertise. It’s useless to run a business but you do not like it. You will be half-hearted in developing the business. In fact, you can give up halfway when you feel your business is not as expected.
2. Immediately Perform the Survey
After you determine the type of business you will be in, the next step is to conduct a field survey. Why conduct a survey? It is important for you to know how big your business opportunity is. Do have a high success rate or not. This is important to know the level of competition, strategic location, and consumer behavior.
3. Preparing Capital
Pioneering his own business from scratch does not mean zero capital. You still need capital to start your business. How much capital do you need? Depending on the business you want to open. In general, businesses with small or large capital almost the same rules. You must know how much capital is budgeted to start the business. Besides, do not spend all capital for business needs that you will run. Minimum set aside 40% of capital as the reserve fund. This is to anticipate if your business fails. You can use the rest of the funds to rebuild or change your business.