Some things we need to know in setting up small business
Many things that we encounter on different ways of establishing small businesses, but there are some
fundamental things that we ought to know include:
1. The initial capital including venture capital is sufficient for three months next after the
commencement of business.
2. Know sales target (children, adolescents, adults, men, women, basic primary / secondary, consumer
purchasing power: lower, middle, top).
3. Know the market share (the level of competition, market capacity).
4. Simplicity and sustainability of getting the product.
5. Sales strategy to introduce products and improve sales (advertising online / offline, pamphlets,
brochures, providing samples, discounts, bonus purchase, know the market wants).
6. Good financial management (split between private money and the money business, good
7. Follow and monitor market developments.
8. And the last; consistent, creative, passion, perseverance also never give up.