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Friday, May 1, 2009

Making My Mark

Lately we've been smoothly moving through the process of creating our own business. Our first few tasks are to come up with a Business Concept and a Rough Budget for the Business. I have decided to work with the Customized buttons business. For the concept we'll have to include:
-The Main Idea of the business
-The Major Costs involved
- Income
- Obstacles and
- Viability

The Budget needs to go over the different types of expenses needed to start and run your business including:
-Capitol
-Consumable
-Operations

After all this has been taken care of, it is time to consider property and where the business will be located. This is where zoning comes in. There are all sorts of regulations about buildings and locations, it is the responsibility of the business owner to make sure that the chosen location abides by these rules and takes the actions necessary to legally operate their business at the chosen location. It is also important to have insurance for this property to protect yourself and professional advice should be sought out to resolve this matter.

The last matter to be concerned with is business communications and advertising. A good business needs to have avid communications so that it can connect with the right people in the right way and keep everything linked. Computers and computer software and people who have knowledge of these are crucial to your business. Fax machines, photocopiers and etc should also be present and accessible to your business. Advertising also needs to be done appropriately and to suit your business. If your service of product is unheard of, no matter how wonderful it may be, nobody will buy it!

That's a basic summary of what we need to know so far.

--Amna

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