Five things every entrepreneur must know

Five things every entrepreneur must know----Dalbir Bains


launching a business is a very serious issue and one that you should consider for a long time before you take the plunge. Here are five key learnings from my experience in setting up a business. These should be part of the checklist for any new business.



Research



It may sound obvious but many businesses fail because they have a concept that has not been properly researched. Make sure your business proposition is viable and that you have researched the business concept thoroughly.



Detail



If you focus on the small details, the big things will look after themselves. Never let go of the fine business details until you feel you have covered every angle.



Networking



In a country as populated as India, you need to spread the word as best you can to your particular audience. You will be surprised at how many people do not get to hear about your business. Advertising can be a very expensive in the first year of any business. Identify your target and try as many inexpensive options as possible.



Never give up



Most businesses take at least 18 months to get established. This is what is referred to as the gestation period. You will always come across many people telling you your idea is not viable. This tends to happen before you start your business or when you are going through teething troubles. At this time, it is important to stay focused and strong. Don't let anyone challenge your vision.



The customer is always right



In any service-led business, you will always have consumers who will be happy and unhappy with your service. You have to adopt a service level that keeps your customers happy and loyal to you. This requires maturity and vision and, often, a fair amount of concessions on your part. Until you become established, you need your customers more than they need you.



I will elaborate on all of this in the next few weeks. Meanwhile, as all my business contacts say in Mumbai, I'll be back in two minutes...



Dalbir Bains' store, Boudoir London, is located in Mumbai.

http://in.rediff.com/getahead/2006/dec/20bains.htm

national institute of homeopathy

http://www.nih.nic.in/

how to start your own lil venture with me...

Respected Sir,

As salamu alaikum.

First ,let me wish you and your family a happy Eid.

sir, i am looking for persons or companies who is interested to become my franchisee. Sir, the most right thing will be if you form a company yourself with or without partners. Partners are required when the investment is big.But in a scope of work like us, you need not have too much cash in hand.

kindly read my blog for ideas
What is a franchise http://saleemindia.blogspot.com/2006/12/what-is-franchise-written-by-rajeev.html

now thinking that you will start a company of your own and market the products of envo, how will you market these products without incurring too much expenditure...

this is a to do list for marketing...

1) Contact pollution control board .Give them your company profile(ENVO PROFILE) , your personal biodata personally.You will have to meet them personally.
2) Contact bussiness houses directly by sending Envo Profile through Post or email.Use yellow pages to find out addresses of Industries.
3)Contact Builder groups, Architects,Plumbing Firms by sending Envo Profile through e-mail or Post or personal visit.
4) Activate your own contacts, friends, relatives .

So, the first thing you need for marketing
1) Your visting Card
2) Envo Company Profile (Which is attached alongwith this letter)
3)Initial investement for Posting letters and email.
4)Mobile phone bill

I hope I have given you a fair Idea how to start your own lil venture with me...

Lemme know how can I help you further.

Yours truely

Saleem asraf