Start a Small Business to Become an Entrepreneur – Part 2

In the previous part 1 was gave an intro about business idea and the parts of Small business are Investments and executions. How is business idea participate your success same as the way investment and execution participate your success. Therefore must be careful when you handing of investment and execution.  

Investment

Investment is another main key factor of your business. So many business ideas never get start up because of lack of investment. Write down each and every expense that you need facing start up process.

You need consider about the location either it’s it own or rental. And also consider about the building already there or need to build. If there have building consider modifying or is it ok for your business. Land, building and furniture cost also including of your capital amount.

You need to consider about the purchase of machineries. Choose a best brand and convenience work with the machineries and if it is need basic training? And also thinks about how many labor that need for start up. Must be manage 3 to 6 months of their salary have in your hand before start up

Another important is the raw materials for your business. Consider also the small tools and equipments and stationary items. How you delivery of goods is it need transport? Either is it own or rental?  You must have some additional cash for every day flow of business.

Hence collect all the money and energy for your investment and start up. If you feel insufficient cash for your business then you have to think about how to loan from bank or any of the developer. Best Of luck.