How to Start, Launch and Grow a Business in 2021

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Starting a business is becoming much less effort than a few years back where the environment was so demanding and not that conducive as it is today. These days’ people use technologies to operationalize their ideas. I think that’s a good stand for startups companies.
Yes, the majority of people are trying to start their own businesses at the moment, which gives the ground a lot of competition but that shouldn’t make you start your own.


Most people don’t have a clue on what to start, launch and most importantly scale the business. I can’t lie, it's really hard to scale the business. Lots of businesses don’t make it during their first years of operations.


Here are a few ideas on how you can stay in business. It’s possible to sustain the business of course with so much to work out as you go by. If you are passionate about the business you want to create there is an 80% rate of survival of course it takes hell tactics to outstand in a competitive environment.

1.    Get yourself clear decisions

Starting a business is so overwhelming considering the fact that it takes to make informed decisions on different aspects such as finances, Market niches. You may have a passion but if you don’t have knowledge or you are not ready to acquire it you will be out of the business.  





You must be very ready for any attack as soon as business starts running. And note that there will be no time to be ready. Start Now creating a business.

2.    Figure out what business will you venture into 

There are thousands of business ideas out there. It is your duty to pick a business you are interested in and start working on that.


Maybe it is your hobby, then it’s well and good as you will love the whole process. What matters is finding the needed knowledge in that particular segment.


Starting by asking yourself a question is the most important part in starting a business as it gives it a purpose. That makes it not to be a failed project as you know exactly the problem and what practical solution can you offer to add value proposition within a selected segment. 

3.    Find a right business model for your business

Have you come up with a business idea? If yes, the next step is to develop your business model.
Basically, a business model is a snapshot on how your business will be running by adding value to your chosen customers which are ready to pay for the product or a service.

 
4.    Do a thorough Research and Development, R & D.

The most critical part is doing a comprehensive market research development for that particular business.


Ask yourself, who are you going to serve in the marketplace? Are they willing to pay for what you will be offering? 


The Market research determines the problem you are solving which in return will generate revenues. So it is a vital part in business development.


You can use what is trending to determine some key issues based on people’s preferences. Twitter can be the best tool to check on both old and latest trends which in return will give you a clear direction.

 
5.    Choose a Name for your Business

Have you come across scary names? What was it? And how was the feeling of life? I doubt if you made a move buying something with a scary name.


Picking a catchy name is the most important part in your business branding as it attracts customers. Think about something which is easy and relatable.


It’s always hard to come up with a name which is more strategic. Don’t bother a lot, you can ask your family members as well as close friends for a few suggestions on the names. They are close to you so it’s easy to come up with a perfect name of which if the majority within the cycle likes it that’s an extra mile.


If you are stuck, try to search on google suggestions keywords. The keywords point the search results of people of which that can help to understand well on what’s trending and how to integrate your business


6.    Make a registration to your business

Registering a business makes it legal to operate within a space of operations. Of course, it depends on the level you are at. In some countries, some businesses can operate without being registered particularly if the business is not making enough returns.


However, making your business legally registered makes it far from being a liability one. The registration costs and processes differ from country to country so you have to check with the authorized authorities or you can ask a friend in a business for a direction or else you can pay for someone in the business of consultancy.

 
7.    Make your first product or Service

After hardships comes light. You have worked so hard in ideation to make your business legal and now it’s your time to have a product or service.
 
The product or service offered by your company heavily depends on the skill sets you have. If you are just starting I can’t recommend employing more people as you don’t really know what the returns will be. So you have to keep the employees to the means.
 
It is also very important to hire vibrant and competent workers or if you have partners make sure they are contributing to the goal so that it should be more realistic. If you don’t have those your product or service will be a flop hence being losses.


Business is not for everyone; the majority start but few reach the finishing line. For you to boost your business you need to be creative and innovative all the time.


Having a strong partnership makes it a plus as it helps smooth operations of the day to day activities

 
 
                                       
 
 


My Name is Noel Janna from Malawi currently studying at International University of Africa,IUA in Sudan, Khartoum. Am a blogger with passionate youth integration in Entrepreneurship, environment is also my core focus, a patriotic African, my blogs are my own views.

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