3 answers
Luis
Student
San Luis Río Colorado, Sonora, Mexico
1
Question
3 answers
Katherine Avery
Run a music studio and teach private music lessons
116
Answers
Centennial, Colorado
Updated
Katherine’s Answer
Look at the book Entreleadership by Dave Ramsey and the workbook for this course (https://www.churchofjesuschrist.org/bc/content/ldsorg/topics/self-reliance/2017/14678_sgmb_book_eng.pdf) to spark ideas and decide what your next step is that you can take this week.
Helanda Crespin
Content Writer and Editor
5
Answers
Dallas, Texas
Updated
Helanda’s Answer
Before you begin, you must understand that your passion may not always be profitable.
I suggest a few steps before deciding to start a new business.
1. Research companies doing what you want to do. Complete a google search.
Start with companies that you like. Also, look at companies you don't like.
Write notes of your likes and dislikes of both. You may find a niche that those companies have missed.
Use what you find as an opportunity for your ideal company.
2. Figure out how much capital you need. What are the costs to run the business?
3. Talk to people that are in the field of industry.
4. Believe you can succeed and know that failure is only a steppingstone toward success!
I suggest a few steps before deciding to start a new business.
1. Research companies doing what you want to do. Complete a google search.
Start with companies that you like. Also, look at companies you don't like.
Write notes of your likes and dislikes of both. You may find a niche that those companies have missed.
Use what you find as an opportunity for your ideal company.
2. Figure out how much capital you need. What are the costs to run the business?
3. Talk to people that are in the field of industry.
4. Believe you can succeed and know that failure is only a steppingstone toward success!
PRASANJIT PASWAN
Service
112
Answers
Bengaluru, Karnataka, India
Updated
PRASANJIT’s Answer
By following below steps you can grow your business:
1. Do Your Research and Market Survey.
2. Build a Sales Funnel
3. Increase Customer Retention by Prioritizing customer service,Using a customer relations management (CRM) system,Creating a customer loyalty program,
Launching an email campaign,Engaging with customers on social media and Keep your promises.
4. Participate in Networking Events
5. Practice Corporate Social Responsibility
6. Form Strategic Partnerships
7. Consider Franchising Your Small Business
8. Diversify Your Product or Service Offerings
9. Extend to New Markets
10. Measure What Works and Refine as You Go
1. Do Your Research and Market Survey.
2. Build a Sales Funnel
3. Increase Customer Retention by Prioritizing customer service,Using a customer relations management (CRM) system,Creating a customer loyalty program,
Launching an email campaign,Engaging with customers on social media and Keep your promises.
4. Participate in Networking Events
5. Practice Corporate Social Responsibility
6. Form Strategic Partnerships
7. Consider Franchising Your Small Business
8. Diversify Your Product or Service Offerings
9. Extend to New Markets
10. Measure What Works and Refine as You Go
Delete Comment
Flag Comment