how to start a business successfully
DESCRIPTION
ELPTRANSCRIPT
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How to Start a Business Successfully
Prepared By :CHIA PUI KHEE1 PISMP RBT 2
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What is Business???
Business
An economic system in which goods and services are exchanged with money (cheque)
as payment between 2 parties.
Requires some form of investment and a sufficient number of customers to whom its
output can be sold to gain profit.
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HOW TO START A BUSINESS SUCCESSFULLY ?
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5 Primary Steps
What kind of product to sell?Plan, organize and process products of
businessProcess of promotionBusiness managementRecord all sales and expenses throughout the
business
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1. Product to Sell ?
Need to consider some factors
Who Are Your Customers?
Products suitable and
environmental friendly ?
Where to get materials supply?
Which suppliers to choose ?
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2. Plan, Organize and Processes Business Products
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Decide legal structure of the business and so the company name.-- sole proprietorship-- partnership
Plan amounts of funds require (get business assistance/ counseling)
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Organize all information regarding the product
What kind of materials used?? When to start
manufacturing?
How to make the product?
What are the pros and cons of the product?
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Plan the quantity product produce each day Select a location Deal with available suppliers Prepare schedule for workers
Handle promptly and carefully so that business runs smoothly!
TAKE NOTE !!
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Processing Of Products
INPUT OUTPUT
PROFIT
Price SalesPrice
Purchase (everything)
PROFIT
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Output
Products scale in small quantity Packing process occurs. Purpose of packing = prolong usefulness = safety
= more attractive
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3. Process of Promotion
Promotion Through
Packaging
Attractive catalogue
Promotion Through Colourful Posters
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Promotion Through Packaging Include all products information that
customer should know. shapes, features, colours irresistible.Convenience (quality of being useful) of
products must be Tip-top
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4. Business Management
Treat customers with standout professional. -- Polite, integrity, able to propitiate, punctuality and knowledgeableEstablish an effective system in ordering
products. Arrangement of products in working place. Cleanliness well-manage.
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5. Record all sales and expenses
Record everything (include everyday sales, expenses and maintenance)
Determine the status of the company(Wise to continue)
(Strategies to curb problems)
Overall profits divide equally
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Conclusion
Businesstricks, win-lose deals and dishonesty
action, persistence, patience, honesty, hard work and the ability to
create long-term relationshipStart it by follow the
steps guided and set your goals and
principle.
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Thank You…^^