|
BizStartups.co.nz
Biz Startup is an on-line resource for starting a
business. Access our
pages to find need to know information to help
with the setup of your business. Whether you are a new business
entrepreneur or looking to improve your business we have information
to help.
The success of your business is often dependent on
what you do in the early stages so time assigned to planning and
research is important.
Marketing
Your
business strategy is the single biggest factor which determines the
success or failure of your business. It doesn’t matter whether you are
a large or small business but you need to get it right and you prosper
but get it wrong and it could result in the failure of your business
What
you need to do is set aside time to sit down and make a marketing plan
for your business. Set yourself a list of achievable resolutions your
business should focus on and it does not need to be too formal.
Think about you goals for the coming year and how you will attain
them.more
Funding for a startup business
One
question I am asked more than any other is "Where can I find funding
for my startup business" Obtaining money to start your business is not
easy but not impossible. Friends and family are a source of funding
but take care when you make this approach as it can cause problems if
your business is not successful and family or friends lose their
money.
You will see on
this site we have a page where we have listed a number of lending
organisations Biz Capital but I must
stress that when you make an approach to a lender you must have
carefully developed a business plan so that they can clearly
understand what your business is about and that you will be able to
repay the money.
You will need
provide a substantial portion of the funds that the business will
require because I am sure that most lenders today will want you to
carry some risk with the business venture.
The lender will
also be considering you personally to see if you have the ability to
operate your own business. I have found over the years of experience
in businesses that some people should have not have considered going
into business as they are more suited to being an employee.
This is not a
criticism of people who are employees as their are many people who
have become very successful as employees and are more suited to this
type of work and in many cases they are much more financially secure.
|