How to start a business successfully
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Transcript of How to start a business successfully
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…^^