5 Things You Need to Know if Thinking of Doing Your Own Business
Many people would be tired of life as a salary man, right? Which most often turn to do Private business Because it has better income and more freedom But starting a personal business is not an easy task. If you don't know the principles of doing Private business It will make the business bankrupt easily. Therefore, let's see if we can do it. Private business What do we need to know? Let's go see.Explore your own sales needs
The first thing you have to know is your own desire. What you want to sell What business do you want to do and what kind of business you are good at? In order to have a proper business plan And most importantly, the product that you will do business must be a product that you like and love. Because it will make you more fully equipped with your business and not get bored with your work. When I get the things that I want to sell I want to do business Now, let's go open a business.
Who should I sell to
When the product you want to sell Must survey the target audience that we want to sell this product to who In order to choose the right location of the shop and design products to suit the customer group. For example, if you are thinking of opening a coffee shop And select the target group of students Will have to choose a nearby location With the university or in the area where the university is widely And most importantly, the store must be designed to look cute, quickie, and have a sweet and comfortable atmosphere as well, in order to suit most of the student groups. So if you are thinking of selling something before the location of the store, be sure to explore your target audience.
Location of the shop
As already mentioned in the topic, who is it good to sell to? That if we get the desired target group We will have to look for the location of the shop. The selected location must be the location closest to the target audience. For example, if your customer group is students Should choose a location in an area where there are many schools or universities If the target group is a working group Should choose a location in the area of a factory or office, or if the target group is tourists The best location is the sights, which is very important to choose a location. Because if we choose the location properly, it will result in a lot of customers entering the shop and giving us a high daily income. You see, how much better doing a personal business than being a salaryman? But if you choose a bad location and do business planning, it may lead to bankruptcy or bankruptcy as well.
Set a reasonable price
As for the price, it should be very important as well. Because if the price is set too high, it will prevent customers from buying our products. But if the price is set too low, it will cost us a loss as well. Therefore, factors that are important for setting the selling price The first is the stuff that we will sell. By exploring what the price of most of the items we sell is in order to be able to set the prices cheap and next is to explore that in the neighborhood where your shop or business is located. Is there someone in the same business as you? How much And what price did he set This will determine the price for you very well. By setting the price, you should set it a little lower than the neighboring stores. To make customers more interested in your store But if there are no other stores in that neighborhood You can set a more expensive price than usual. But don't make it too expensive Because it might prevent customers from entering the store as well.
Always calculate your out-of-pocket expenses
Do not forget that when we open our own business It will have a lot of expenses to pay as well. Which has been broken since you started building your business and started investing in your store. But another thing that will definitely have to pay and pay annually, that is, sure enough tax. So before you do business Do not forget to calculate first how much you will have to spend and what parts will you need during the opening of the business? This is to find out if you have the power to pay for this or not. If finance is not ready, do not open a business just yet. Because the risk of bankruptcy is quite high But if finances are ready, you can go open a business.
Private business It is another way of earning money that most people pay attention to. But to be able to do a personal business, you will need to have enough knowledge and a good plan. Otherwise your business will be bankrupt just shortly after opening.
