If the corporate life stifles you and you know that you are cut out for business then heed these simple tips before you start out.

1. Plan

Plan your business before starting it. You may want to lock down on your niche, your office address, your supplier etc. It is not necessary to quit the job immediately. Decide what you want to go for and how. Those who are good at execution rather than planning do the best. So, plan a strategy for execution.

2. Investment

Will your business need any investment? Even a social media influencer business requires a certain amount investment – time and money- both. So, evaluate how much funds your business will need. Accordingly plan how much time is still required to continue a job.

Entrepreneurs

3. Network and research

Before your business goes on floors you need to network with people from your industry. Understand your niche better. Get some hands on experience by working alongside a few people of your industry. Create a base before you build the manor. Network with the right kind of people so that you have a through idea about your industry.

4. Be a visionary

You need to understand that your business can’t flourish in a day. Even a seed to germinate takes time, your business is no different. So think from the perspective of the future of your business. Having a vision is important.

5. Balanced life

Live a balanced life. A healthy being will give you a healthy business so make sure you and your employees have the work life balanced.  Even slightest disturbance can’t lead to things tumbling down like pack of cards.

We hope that you liked this small chunk of information. If you are an aspiring entrepreneur, we will help you setup your first startup. For more queries, email caswetamakwana@gmail.com

Author Bio

Qualification: CA in Practice
Company: Makwana Sweta & Associates
Location: Mumbai, Maharashtra, IN
Member Since: 20 Aug 2017 | Total Posts: 62
A qualified Chartered Accountant with over 4 years of rich experience in Company Law, Audits, Accounts & taxation. She is a writer at her own blog https://insights.caswetamakwana.com/. She is keen in streamlining business accounts of the Company and provide Startup consultancy. View Full Profile

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