Daily Mirror (Sri Lanka)

BECOME A SUCCESSFUL BUSINESS OWNER

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You have every right to do whatever you want as far as it’s not illegal. So, if you have any idea of starting your own business, you have every right to follow your dream.

COMES WITH AN IDEA

This is where you should think not twice but thrice. This is your very first and also the risky step. Before entering into the business, think what the market needs, what product has the most demand these days? You can’t produce what you want because you will be bankrupted in no time. So, think wise before starting.

CONSIDER IF IT’S POSSIBLE.

Well, you can’t do everything you want. Can you? Therefore think whether the idea you had can be put into action. Everyone has boundaries, financiall­y and socially. If you start a business, it has to be in accord with everything. There can be times you dream big yet you don’t have enough capital. Therefore, try to come up with an idea which can launched with no problem.

MAKE A BUSINESS PLAN.

This can be risky. Here you need a three or four years plan. So, for the precaution, it would be better if you take the profession­al advice here. There are experts in the field who can guide you for a successful future. But, try to act according the amount of money you have. Of course you can take loans. But it would be better if you start your business from your own money because sometimes taking loans can be risky too.

GET THE ATTENTION

After finishing all the financial works, you need to start your business. If there’s a place you know you can use as the workplace, check whether it’s close to the city. You need to have public attention if you want customers. For this you can use the social media also. As the start, you can acknowledg­e your family and friends about your business. Ask them to spread the news and you will have customers in no time.

If your business needs a team, do an interview before hiring them. You started this business with high hopes. So make sure that your team also wants to join in that dream. The thing is you can’t go forward with pessimisti­c people. So when you hire your team, check their attitude about working. And when you work with them, you will realize who really want to support you.

Thishana M. Rajanayake (thish94@gmail.com)

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