If you are thinking to start your own business the first thing u should know is about yourself. SWOT analysis is the perfect way of evaluating yourself.

1. How To Start A New
Business
Tips about starting new business

2. Personal Evaluation
If you are thinking to start your own business the first thing u
should know is about yourself. SWOT analysis is the perfect
way of evaluating yourself. You should know your
Strengths, Weaknesses, Opportunities and Threats before
starting a business. Turning something that’s of your
interest into a business so that you could enjoy running it
rather than being frustrated if it doesn’t work out well at the
beginning.

3. Analyze The Industry
Before starting a business you must know the availability of
your business market. You should have a well- rounded
understanding about the industry such as industry economics
in general, participation, distribution patterns, factors in the
competition. The more you know about your industry, the
more advantages and protection you will have.

4. Make It Legal
To establish a business you should choose the legal ways.
You should make your business legal by establishing it
under the Company Acts of your country. Without passing
it through the legal acts your company won’t be considered
legal and might be sued at any point of time.

5. Write a Business Plan
Without a plan a business cannot operate smoothly. You need to
plan every step of your business. Making a business plan helps
to know the next step to be performed quickly rather than
wasting time on what work should be done next.

6. Get Financed
Meet the possible financer for your business. Visit banks or any
financial institutions and share the idea of your business with
them. If the financial institutions are not enough visit some local
investors who would be willing to invest on your plan. If the
required investment for your business is not too high your friends
and relatives can also be the financer.

7. Build Infrastructure
You will need a physical location for your business. It may be a
home business if you have small business and do not
require employees or an entire warehouse or workshop
depending upon the type of business you are starting. You
should purchase equipments that are needed to run your
business such as telephones, computers, tables, etc.

8. Pracas Infosys
For more information please visit our website
www.pfs.com.np

9. Thank You
Hope it changed some cells of your brain.