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- How to start business
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- Key problems in Manufacturing Industry
- Problems of Startups
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Wanting to start company basic things to plan before start
It’s always dream to write your own pay cheque, it’s good to be boss and starting your own venture is exciting when you have your visiting card with CEO designation. It’s like dream, but before you start to dream you need to understand some basics which you need your attention and decision making.
It’s very tough to take call leaving a job which is well paying and taking care of your day to day needs when the sms which you get every month informing salary being credited to your bank account gives you happiness, know imagine when this stops and there is no money in account.
This is the time when you start feeling what you decided to start on your own is it right decision or not that’s where the law of DMU( Diminishing Marginal Utility) sets in and you start losing confidence on your idea or business.
First to start is get EMI’s cleared and finished as when salary is coming it wouldn’t make much difference but when there is no regular income it makes huge burden so you need to get rid of your baggage’s
In basic language it’s like when you are climbing mountain you can’t carry big baggage’s as they hamper your growth and speed to climb fast.
Plan at least 1 year prior, get your mental thought process re defined as you will be acclimatized to regular income at regular intervals, once done with it, start talking to your friends who are close to you who know your strengths and have been with you it can be your spouse.
Remember talking to people will give you lot of their opinions, but the decision maker is always should be you.