Test Action items for starting a business

QUESTION 1: HOW IMPORTANT IS IT TO KNOW THE ACTION ITEMS TO START YOUR BUSINESS?

There are three reasons why someone becomes an entrepreneur: because they have an idea for a business, because they have inherited it from the family, or because they simply want to make money
We have already seen that starting a business requires dedication, sacrifice and vision in order not to let yourself be knocked down by setbacks
When deciding to undertake a business venture, we must take into account certain elements of action that will lead us safely along this long road
Knowing them is of utmost importance because it will help us to have more clarity in our logic to follow to start our business

If we are going to offer a product, we must describe the type of product, how it will be manufactured, what it will be used for by the customer, and define its production cost
If we offer a service, we also describe what it is based on, what is its standard duration, and what tools or means of production are necessary for its realization

Here's a good question: what do you have to offer?
When we look outside we may realize that everything is almost done, but we can use the same resources to offer something different with our value
On the other hand, we can also try to obtain the same result of what we already know but with different procedures, either more economical or instructive, in order to bring a touch of newness to the process
In order to offer something different, it is important to free the mind from impediments and be creative in order to find the best way to achieve it and the best benefit for the client

Before investing, we must first know how much money we need to get the business up and running
Once we have the detailed calculations worked out then we deal with the method to be used to get the money

Our business begins to make a real profit once the initial investment has been recovered
Until we recover the initial investment, we are not making any profit

Setting financial goals is important because it can show our growth over time
Everyone dreams of business success, but it is not so easy to achieve it, so it is necessary that the financial goals set are specific, achievable and compatible
When we are far from these goals, we feel that there is still a long time to achieve them, and they even seem unattainable
None of the above

To establish the first prices for our services or products we must keep an eye on the market and what is moving in it, in this way we can have an approximate notion and estimate standards for our products and services
Another comparative method is to know which competitor's prices are the lowest and the highest
Within our company we can also establish approximations of possible prices
It is important in order to specify our price in a stable way to know the range capacity of the potential customer to calculate if we are proposing for us a negotiable proposal