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What it takes to start your own business - Coggle Diagram
What it takes to start your own business
Personality
Evan Davis, Presenter of Dragons Den suggest to be a successful business owner you need to have the following quality's to succeed
determination
resilience
initiative
team worker
confidence
risk taker
hard worker
organization
plan out what you ar going to do, this will save time and, keep your ideas fresh and on track
you should according to the paper focus on
your goals
your target market
your target market ideas
risks and management of those risks
resources required
financial projections
coordination
talking too and keeping good relations with the seller and friends, invaluable assets
keeping good relations will = a higher quality of product and more important help from friends
don't get put off
starting your own business is a lot off effort and always entails risk and many challenges along the road
I recommend diversifying your strategy, analyse those risks and manage your costs, drive and enthusiasm is what will help you stick out