How to start your own business from scratch? Practical recommendations

Most of us know since childhood that you need to study well, find a job, to go there five times a week and get a salary there. Maybe it sounds a little naive that so many people live – from paycheck to paycheck, considering how much money is needed to spend on food, housing and other expenses. Might be something and rest. But sooner or later we will think – and do not do their own thing? How to start your own business from scratch?

The First thing that comes to mind – various development options, potential revenues. However, before you can start your business from scratch, you need to answer the question – who in specific circumstances and what product or service you want to produce. Surely analogue in this market already exists, therefore, it is possible to conduct a detailed analysis: who sells it, where and at what price. Determine the cost of the product and make a conclusion whether there is financial sense to engage in the sale of goods or provision of services in this competitive environment.

The Next step in addressing the question of how to start your own business from scratch – search cash infusions, and simply put, sources of funding. These may be:

1. Attracting co-investors. A variant of this, at first glance, the most interesting, because to get the remaining to the amount of you can without any kind of charges and other pitfalls. Downside – the possibility of disagreements with partners, as a consequence, often – a crash.
2. A Bank loan. In order to get a loan at a financial institution, you must provide a detailed business plan to convince lenders that the project work will allow you to pay current expenses and to repay the debt to the Bank.
3. The State program of support of private business development. As in the case of Bank, there will have to answer the questions and prove the potential success of the business. To get money quickly will not work (program of the state, after all), but in comparison with the same Bank, the conditions here will be much more loyal.

The Best business ideas from scratch 2013

A Few words about what start-UPS were the best in 2013.

1. A Private mini-bakery. Whatever trouble may occur in the economy and political life of the country, to eat, as the saying goes, we always want. Bread – around the head, and today it – is still the No. 1 product on the table. And, of course, want to eat delicious bread, not one that is gathering dust on the shelves of grocery stores and fresh, straight from the oven private bakeries.
2. Repair shop. Another illustrative example of how to start a business from scratch. Going back to the same unstable economic situation. To buy new clothes and shoes for the whole family several times a year now, not everyone can. The situation in the country did not fail to affect the level of incomes. Instead of buying new things, we are increasingly turning into a workshop for repairing clothes or shoes, handbags or school portfolio, respectively, this activity will be destined for success.
3. Stores, renting baby stuff. Clothes, toys, bikes, strollers – all this is bought to the child for a short period of time and later not used. Now there is an opportunity to take all the right things hire than domestic citizens, and hastened to take advantage. Therefore, there is every reason to assume that this is another illustrative example of how to start your own business from scratch.