The Entrepreneurial Dash Episode 17 – How To Start A New Business
The word business comes from the Latin term “bursa”, meaning “bags” or “sacks”. In this context, the word may refer to a company or corporation. In general usage, it is an organization engaged in trade or service, and a business person is an individual who owns or operates a business.
They are prevalent in capitalistic economies, where most large businesses are privately owned and provide personalized services to customers in exchange for other goods, services, or money. They may also be non-profit or state-owned. These days the corporate business model has become popular among the masses creating what is called a corporation that owns itself and can make decisions on its own rather than by people
Business can mean a number of different things depending on who you ask. For some, it’s about making money, for others it’s about making a difference or it could be as simple as being in a place where you want to spend the majority of your time. Whatever your idea is, there are a lot of different ways you can go about running one.
Starting your own venture can be exciting, but it comes with a lot of challenges. The first step to start is to think about what you want to do and how you want to do it. Ideas can come from anywhere; it could be something you want to do, something you are good at, something you are passionate about, or something you know a lot about.
The first thing you have to do is to do your homework. Learn everything you can about your business. Study organizations that have been in the same field for a long time and see what they have done that has been successful.
In addition to your research, you have to have a firm grasp of the industry you are operating in. Do your market research. Learn the competition. Find out what they are doing right and wrong. Then learn from these mistakes and do it better.
Starting a new business is a big decision and comes with lots of challenges and hurdles to overcome. It is never easy to do and sometimes you may want to quit and give up, but if you really want to start and succeed you need to be focused and determined and work hard to overcome those hurdles and challenges. There are many things you need to do when you start.
In this episode, Shailesh Dash will be guiding you through the key steps in starting your own business. He’ll discuss how starting a business and committing to an entrepreneurial life that is full of change and challenges can be especially appealing for young workers and that young person typically accounts for a big percentage of people running their own businesses.
The global economic crisis has had a huge impact on the workforce causing millions of people to lose their jobs. The creation of new ventures is critical to help people find well-paying jobs again, but it’s important to remember that simply creating more jobs is not enough – what’s needed are companies that meet the needs of society.
Businesses need to identify and identify ways of meeting the needs of society during these trying times. They must employ people who are currently out of work and make it easier for them to get re-hired by offering competitive wages and benefits during their initial employment.
This podcast is intended to get you thinking about some of the most effective ways to start a new business. They’ll get you thinking about changing your mindset from “amateur worker” to one of an inspired entrepreneur who knows how to utilize free time and create something magic out of next to nothing.
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Horizon International School, Dubai