Every economy basically consists of producers and consumers, and they
engage in transactions which is the transfer of goods and services from the
producers to the consumers in exchange for money. For the producers to create
these goods and services, several processes and activities are involved. All of
these activities is collectively known as a business, or a firm. Since
production requires various processes and activities, starting a business is
not something to be rushed into. It is neither easy nor quick. The following
are important questions any business start-up should ask:
Starting up a business brings some significant changes in the business
owner’s life: changes like
1. permanent financial freedom ( not waiting for month end salary)
2. Flexibility of schedules (they
are free to fix their personal schedule since they are in charge unlike
employees).
3. satisfaction
of making one’s life fulfilled- irrespective of making the business grow into a
mammoth structure or just keep doing what you like to do and earn your living
(they have freedom for physical social networking especially with clients and
business men).
Before starting a small business it is essential that you first
understand the need of your target market and then you can try to provide a
suitable solution.
Strategic
thinkers know that you don’t just depend just on yourself, no matter how good
you think and/or know yourself to be. Use dependable colleagues to bounce your
ideas off, remember that a three do not make a forest.
All great thinkers ensure that
their idea is valid, that it’ll stand up in a world full of problems and
changes. You need to constantly revise and fine-tune your plans, because the
world is changing everyday. If you are not sure go ask Nokia and Microsoft
Corporation.
In all business-concerns, there are bound to be clues, be they subtle
or otherwise, that alert those who notice them of the possible directions in
which the concern can be taken. As great strategists absorb this information,
it helps them better formulate their plans whenever inspiration strikes them,
be it on a vacation, during a morning walk, or just after the first cup of
espresso. Their ability to spot and create links holds them in good stead.
Strategists are always ready to respond to growth stimulus, they are greatly
conscious of increasing their effectiveness.