7 BIG THINGS A START-UP MUST HAVE TO SUCCEED

The following are steps to a successful start-up business. This include:

🌍 Business plan

A business plan is a document that entails products/services you offer to your customers. It also entails how you plan to make money, how you manage your business, business goals, description of the company, financial performance and the executive summary of your business whereby it should explain the financial matrices of your company search as:

     1. Net profit 

     2. Current ratio

     3. Returns of your company:- either short-term or long-term returns

🌍 Capital

Capital is money set aside to start and run a business. Business capital can be retrieved from operations of businesses or be raised from debt or equity financing.

     TYPES OF CAPITAL

-Working capital

-Equity capital

-Trading capital

-Debt capital

Capital can be derived from various common sources such as:

- Personal savings

-Corporations

-Family and friends

-Angel investors

-Venture capitalist

-Private loans

-Working

-Borrow loans

🌍 Customers

A customer is an individual or business that purchases other company's good and services to fulfil their needs. Customers are important when it comes to revenue of a certain organization/businesses. Customers are often classified as external/internal customers.

External customers are customers dissociated from business operations and often the parties interested in purchasing final goods and services produced by the company.

Internal customers are individuals/businesses integrated into business operations, often exists as employees or or other functional groups in the company.

🌍 Products/Services

Products are tangible items that are put into the market for acquisition, attention or consumption while services are intangible items which arises from the output of one or more individuals. 

These are things/items offered to the customers to fulfil their needs.

🌎 Discipline

🌎 Team

🌎 Vision