Wednesday, 20 April 2016

4 Common Questions Business Startups Ask!

As a small business coach and consultant which i have been doing for 10years. There are common questions which most of my client that want to start a small business of their own often ask. According to the research i conducted in 2010 which shows that more than 70% asked few common question. I believe that this is what happens to a lot of people who want to start a small business of their own.

I have decided to write this article to help answer four major questions most people have when it comes to new starting in business.
Here are the most commonly question asked:

1. Do I Start Big or Small?
My candid answer is, start any business requires that you gain enough knowledge about the said business. Starting big should not come in rather you should think of starting small, this will help you understand the business and its host environment well. Get your business steady and grow it big.

2. When Is The Best Time To
Start a Business?
The truth is, there is never a perfect time to start a business, except you want to venture into seasonal business that only last for some weeks or a month in a year,like festivals,raining season. Think about this; quite a lot of businesses flourished under the last economic
downturn and it can still happen in the future. So my answer is quite
simple. The best time to start a business is Today! Not tomorrow.
What i mean is that you should start now, start today with the decision that you are going to create your dream business. Start today with a
thought about the service you're going to provide. Start today by putting your ideas down on paper. Start today to study and research the business and it host environment. This is a step in the right direction. So dear friends, the best time to start a business is now and today.

3. What Type Of Business Can I Start?
This requires a lot of brainstorming but I'm going to give you simple tips that you can follow to decide on the type of business you should start. To generate a true business idea that you can start is from converting your hobby, passion , experiences and skill into a business. You can as well exploit an existing opportunity
which may requires little or no money to start. To start a business without capital then think of providing services. Therefore, it is easy for you to get clients, find a market, create a solution, and ultimately exploit opportunities the market presents. I must admit this is my favourite type of business
(providing and marketing service) of my small business coach/consulting services. Don't forget that any start-up business will go through tough times and without passion to overcome obstacles, most people will simply give up! My advice is for you to continue pushing and don't quit, all the big companies you know today started small. So what about exploiting an existing opportunity? Perhaps you're working in the place and have discovered that a particular service is missing or that an opportunity exists to deliver maybe a consultancy, particular product or a particular service. That is the kind of opportunity I'm talking about exploiting by taking action fast.

4. How Much money Do I Need To Start Up My Business And Some Will Say Where Am I Going To Get The Money To Start?
One of my mentor at an investors meeting said there is never a
shortage of money, there is just a shortage of well tested and well-presented ideas. This means anyone with a well-tested business idea
can actually raise the money they need for their business by way of investment. Another good way to get the money you need to start
your business is to ask the existing customers or potential customers to pay a deposit or pay in full before the service is delivered. This is very possible especially when your product or you're into service business, and your product must be
extremely useful to your target group. Are you seeing with these types of questions out of the way that there is no reason why you
should wait till December or January to start your small business?
Why not start acting today?
Why not take action today? Consider the first steps you can take towards starting your own business and don't wait any longer. The year is about to end. The sooner
you begin the sooner you achieve your dream of owning and running a successful business!

Hope Uchemadu is a Motivational Speaker, Live & Small Business Coach/Consultant with expertise to help you start and grow your businesses successfully. Are you thinking of going into business? Do you want to be your own boss and be financially free? Do you want us to deliver
mind blowing speech at your event? Call 08031541827, like our page on

Dream Big &Achieve It

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