Starting a business and becoming successful is way
difficult unless it’s properly approached.In 20014 I
attended a training organized by the Africa Youth on
Employbility covering matters on;Professional CV
writting,Job opportunities,Job application,Interviewing
and business stability.Below I have set up simple steps
to help and guide you set up your own business and
maintain it,no matter the size.
ON SETTING UP THE BUSINESS YOU NEED TO HAVE
THE FOLLOWING IN MIND;
•TYPE OF BUSINESS
Know the type of business you want to get into is very
important,you can’t just jump in any business.You need
to know whether it is a sole proprietorship or a
partnership,this will also help you identify the amount of
Having a plan is very important,you need to have a plan
on what you want to do.Example; do you have the skills
required in the field of your desired business,what kind
of business is it and where will you get your products
from,identify the source.
Market identification is also one of important key
aspect,you need to know where to sell your goods or
services.You must know what environment is ideal for
Capital is the most important but misleading as
well,you need money to buy products to sell.Identify the
stock needed then the amount required for capital.
Now you have and idea on How to start your own
business,the question remaining is,do you know how to
maintain it? Below are some steps I have put together
to guide you.
No one wants to be at a dirty place,it is
uncomfortable.Cleaning your business environment and
keeping your products neat will attract more people and
helps you maintain your customers.
Advertise your business,use bright colours and large
writings,bold letters are good.You can also use social
media platforms,calendars or advertise on cloths or
Keep checking on your services now and then.Try and
keep your services as first as possible,if you are doing
your business online try and reply to text and emails
quickly.You can also give discounts and offers on
holidays,this will help you advertise it through word of
•KEEP RECORDS OF BOOKS OF ACCOUNTS
This will enable you,list down the amount of money
used in stocks,the amount commodities sold,rejected
and expired products.Keeping this data will help keep
your profits&losses on site.
Every one wants to be in a sef place,make sure your
customers feel safe,If your customers accidentally
forget their wallet,purse,phone or jewelry at your counter
let them feel comfortable to come back and find it.
Keep an eye on your business and activities around
it.You need to set measures on your employees(if you
have any) and customers;Your customers can’t get
access to the cash draws or store.
•PROFITS,PAYMENT AND SALARY
If you have employees,don’t be a bad boss.Paying
employees fairly will make them fall in love with there
duties hence working hard. Apart from counting your
profits,you need to be on the pay roll as well,don’t take
money from your profits for personal use.Apart from
buying more stock,Profits are also ment to return the
amount of money spent on capital and use the rest to
expand the business.
NOTE: Having good relations with your employees will
build more trust.Don’t get too personal involved with
your employees,this can lead to laziness and being
disrespected,have a separate bank account for you
business.Good luck. 🙂