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How to start a New Business

The steps followed to start new Business :  Common to all type of businesses....   1 . Conduct market research: Market research will tell you if there’s an opportunity to turn your idea into a successful business. It’s a way to gather information about potential customers and businesses already operating in your area. Use that information to find a competitive advantage for your business .  2 . Write your business plan: Your business plan is the foundation of your business. It’s a roadmap for how to structure, run, and grow your new business. You’ll use it to convince people that working with you — or investing in your company — is a smart choice . 3. Fund your business: Your business plan will help you figure out how much money you’ll need to start your business. If you don’t have that amount on hand, you’ll need to either raise or borrow the capital. Fortunately, there are more ways than ever to find the capital you need. 4.Pick your business location: Your business location is one o
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ERP

 Hey  Everyone!!..  Today the new Lesson about "Enterprise Resouce Planning "!!! The connection include HRM , ERP , FRM , SCM , MRP-2 .
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Facts For Beginner BusinessMan

   Some Interesting Fact a bout Beginner                          BusinessMen!! 1. Your business will probably fail. One significant factor to consider is timing. When it comes to that crucial timing issue, 50 percent of businesses will fail by year five. After ten years, about 75 percent to 90 percent of  small businesses will have been shuttered . As dismal as these numbers are, they aren’t predictive. In other words, just because many businesses do “fail” or close within a given time frame doesn’t mean that your business will be the same. 2. You will have competition. Don’t dive into entrepreneurship, thinking that you’re the only fish in the pond. There are a lot of others competing for the same customer base. And the thing is, some of those competitors may be  better  than you! Their branding may be snazzier, their pockets deeper, their talent superior and their knowledge greater. So, be prepared for it, but don’t be discouraged by it. Without competition, you could easily grow la
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