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  • Top 10 Tips for Starting Your Own Business in 2017

  • hi, this is Jon. He wants to start a business but he doesn't know how to

  • start his own business

  • That's why I'm sharing these ten tips for starting your own business

  • Tip number one do what you love

  • the greatest driving power of an entrepreneur is the passion in them is

  • born from their love for what they do

  • when starting your own business you must be sure you love what you're doing as

  • you will spend lots of time and energy

  • it's starting a business and nurturing it to success. Tip number two, to keep a

  • source of cash. Start when you're still employed. When starting your own business

  • you need to know that profits will not start coming in right away

  • having a job while you're starting your own business helps you in getting

  • through the startup process with enough cash. Tip number three, you need a team

  • there is a great strength and teamwork you will always need some level of

  • support when starting your own business you may need to find a mentor who can

  • always guide you and give you invaluable advice

  • you can also subscribe to a consultancy firm who care enough to know you are

  • just starting a new business

  • Tip number four, Get some clients make the contacts

  • you should not wait to you start your business officially before you start

  • getting your clients or customers or building the necessary network around

  • your business

  • doing this will give you some assurance that you are creating a business with American.

  • Tip number five, write it and plan it. Creating a business plan is

  • highly important.

  • it helps you understand and investigate your new business idea

  • a solid business plan will help you see and separate reality from expectations

  • Tip number 6, Do the research

  • writing a business plan means you are ready to do a lot of research,

  • asking questions,

  • surfing the internet and reading some books when you're starting your own

  • business you should be well informed about your industry, competition

  • customer behavior, market risk and opportunities

  • Tip number seven, get professional help

  • you do not have to be an expert in everything about your business

  • although you may have to multitask yourself when starting your own business

  • you will still have to use some professional services

  • Tip number eight, build your cash reserve. Financing is a critical part of your

  • business success when starting your own business you can save up. If you can or

  • approach potential business investors and lenders

  • you must be open to different ideas of raising your capital. Normally

  • traditional lenders do not like new ideas

  • this means a lot of risk for them. They always loved businesses with proven

  • track records.

  • Tip number nine, right from the blow of the whistle, be professional

  • starting off your business should show professionalism

  • this will require getting all the accoutrements like a business card, a

  • website if you can afford it

  • a business email address and treating customers in a highly professional manner

  • and Tip number ten, solidify your legal framework getting your business

  • fully complied with available laws can save you from a lot of headaches and

  • financial trouble in the near future

  • Does your business need to be registeredDo you need a legal framework for your

  • employees

  • What about your tax issuesYou can contact a legal expert for you to have

  • the right information and build your legal framework

Top 10 Tips for Starting Your Own Business in 2017

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