CREATING A NICHE OR BLENDING WITH OTHERS ? WHICH WAY DO YOU CHOOSE ?

Finding a niche and converting your opportunity into a market niche isn't often more difficult than said. Blending in with the already existing market set is often easy and done but the questions is which way do you choose to follow?  A good start up or venture business Will need to identify these questions and try to answer it properly by making the appropriate choice.

 

Identify your market, map out you niche stick to it. Turn it up by improving even better than you do. Find out what other players are doing in the area, and find a way to do same in the more different if not very creative way.

 

Do your feasibility study and market evaluation of your entry niche market. keep your cost down and embrace all upwards profit maximisation. Have in place a solid business plan with flexibility to adapt to change. Source your funding if you have none, or approach a good bank for advancement.

 

This articles is basically for new start ups. In the event forward we will be looking at progressive method improving of your day to day simple business solutions.

 

SMALL AND MEDIUM BUSINESSES HOLDS THE KEY TO ECONOMIC GROWTH OF ANY NATION

Simple business solutions is very vital in every organisation. Be it small scale, medium scale and big businesses they all need the simple steps of day to day business solutions. In every micro and macro economic recovery and growth, the role of small and medium scale business is hugely noticeable in the reflections of government policies regulations. Small and medium scale business are the bed rock of economic growth. Hence the attention given to it by any government who can foresee its economic growth in the viable future.

 

Simple business solutions like proper business planning, good marketing strategies, strong sales force, proper book keeping and accounting, strategic financial accounting, positioning, proper debt management, proper change managements, good or close forecasting, budgeting and cash flow management, flexible source of funding, good customer services, strong internal marketing, good relationship managements and of course business continuity or strong going concern.

 

All the above elements are also associated with big organisations but the emphases here is to encourage small and medium business reach their goals as they play a vital role in the straightening the economy from plunging down into recession.

 

 

STEPPING INTO THE UNKNOWN MEANS TAKING THE GIANT STEP FORWARD

Many people today find it very difficult to start up something new. Many people as well are afraid of stepping into the world of unknown. The panic associated with the uncertainty of starting something new, fresh and taking a leap forward is itself more troubleshooting than the average doing something different. The probabilities index of succeeding in doing something entirely new and different which is characterized by plus or minus out put of success is associated with new start ups. But most people has forgotten that the very step you took in starting something new is already a success point on its own which has gained a positive side on the success graph.