Planning and Strategies for Setting Up a Small Business
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Planning and Strategies for Setting Up a Small Business
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In this episode, Phil Obi discusses planning and strategies for setting up a small business.
Planning and strategizing are crucial to starting a small business: between dreaming and actualizing is a huge valley that needs to be bridged. In that valley, dreams can die, and bad things can happen; dreams can even turn into nightmares, but with the help of a good plan and strategy, a bridge can be built, ensuring your dreams and ventures are realized.
These are the highlights:
. Clarify Your Vision and Purpose
. Conduct Market Research
. Create a Solid Business Plan
. Secure Funding
. Choose the Right Structure and Register Your Business
. Build a Strong Brand
. Start Small and Scale Strategically
Starting a small business is an exciting journey that requires careful planning and strategic execution. By clarifying your vision, understanding your market, creating a solid business plan, securing funding, and building a strong brand, you’ll set the stage for long-term success.