How to Start a Business Successfully

Prepared By :CHIA PUI KHEE1 PISMP RBT 2

What is Business???

Business

An economic system in which goods and services are exchanged with money (cheque)

as payment between 2 parties.

Requires some form of investment and a sufficient number of customers to whom its

output can be sold to gain profit.

HOW TO START A BUSINESS SUCCESSFULLY ?

5 Primary Steps

What kind of product to sell?Plan, organize and process products of

businessProcess of promotionBusiness managementRecord all sales and expenses throughout the

business

1. Product to Sell ?

Need to consider some factors

Who Are Your Customers?

Products suitable and

environmental friendly ?

Where to get materials supply?

Which suppliers to choose ?

2. Plan, Organize and Processes Business Products

Decide legal structure of the business and so the company name.-- sole proprietorship-- partnership

Plan amounts of funds require (get business assistance/ counseling)

Organize all information regarding the product

What kind of materials used?? When to start

manufacturing?

How to make the product?

What are the pros and cons of the product?

Plan the quantity product produce each day Select a location Deal with available suppliers Prepare schedule for workers

Handle promptly and carefully so that business runs smoothly!

TAKE NOTE !!

Processing Of Products

INPUT OUTPUT

PROFIT

Price SalesPrice

Purchase (everything)

PROFIT

Output

Products scale in small quantity Packing process occurs. Purpose of packing = prolong usefulness = safety

= more attractive

3. Process of Promotion

Promotion Through

Packaging

Attractive catalogue

Promotion Through Colourful Posters

Promotion Through Packaging Include all products information that

customer should know. shapes, features, colours irresistible.Convenience (quality of being useful) of

products must be Tip-top

4. Business Management

Treat customers with standout professional. -- Polite, integrity, able to propitiate, punctuality and knowledgeableEstablish an effective system in ordering

products. Arrangement of products in working place. Cleanliness well-manage.

5. Record all sales and expenses

Record everything (include everyday sales, expenses and maintenance)

Determine the status of the company(Wise to continue)

(Strategies to curb problems)

Overall profits divide equally

Conclusion

Businesstricks, win-lose deals and dishonesty

action, persistence, patience, honesty, hard work and the ability to

create long-term relationshipStart it by follow the

steps guided and set your goals and

principle.

Thank You…^^