How To Choose The Right Small Business Idea

Out of many options, you need to choose the right small business idea. Having gone though the list of various small business ideas we have earlier provided, you need to choose the one that is right for you. It is possible you are confused about which one to settle for. I am here to give you a guide on how to choose the right small business idea. Follow the steps below: Do what you love The mistake many people keep making is choosing a small business idea for the sole reason of making money. Those with this mindset usually end their Continue ReadingHow To Choose The Right Small Business Idea

8 Reasons You Need a Business Plan for Your Small Business

Importance of a business plan to small businesses. A business plan is not just a piece of paper as some people erroneously believe. A business plan can be seen as a tool with which you can accomplish many things for your small business. Among the small business owners I have privileged to meet and discuss with, only few of them consider a business plan very important. For this reason, I deem it necessary for me to shed more light on the needs for a business plan for small businesses. Below are some of the things you can do with a business Continue Reading8 Reasons You Need a Business Plan for Your Small Business

Why Market Research is Important to Small Business

Market research reduces risk and helps you make better decision. Market research is one of the vital things you must do before you launch your product.  You must have thought of different business ideas. I want to believe that you have analyzed all the business ideas and found a particular business idea that is right for you. Or are you still finding it difficult to determine the business idea that is right for you, I recommend you read our article on how to choose the right small business idea. After you have found the right small business idea, there is tendency Continue ReadingWhy Market Research is Important to Small Business

How to Know Whether You Can Be an Entrepreneur

Can Everyone Be an Entrepreneur? Do you think you can be an entrepreneur? Being an entrepreneur is desirable but the truth is that entrepreneurship is not for everyone. Everybody wants to become his/her own boss. They believe that the way to achieve this is by starting their own business. Starting your own business is good. I am even one of the advocates of self-employment. But before you take the plunge or before you resign your present job, it is good that you carry out this self-assessment so as to determine whether you can actually be an entrepreneur. There has been Continue ReadingHow to Know Whether You Can Be an Entrepreneur

How to Write Feasibity Study Report for Small Business

Format and Content of a Good Feasibility Study Report as Required by the Bank of Industry. Whether you are writing feasibility study report for your small business or you are engaged as a consultant to write a feasibility for another person, you need to get it right. Otherwise, its objectives will be defeated. Feasibility report is the output of your research and field work about a particular venture to determine when the it is worthwhile or not. The feasibility study report will determine whether further step such as raising of capital or investment decision will be taken. If investment decision Continue ReadingHow to Write Feasibity Study Report for Small Business