Start small and learn from experience
1.CapitalHave start-up cash for your first ventures (if you do not have any you can attract investors to invest in your own business they can be your family or friends) note: you will have to share some of your profits you gain to distribute to them
2. Product
(Optional) Sell a product that is not sensitive to the world stock market like pens or baskets.
Try to avoid selling highly sensitive products so that your cash is not determined by the stock market.
The simplest form of advertising is through face to face conversations and also through the internet to advertise about your products to your own family, friends and even your colleagues.
4. Start selling!
You can start off by making the most highly demanded product and the cheapest products(that means the cost to make the product while still selling at a tidy profit) example: baskets are the most highly demanded product in tourist hot spots and are a nice product to sell and very cheap to produce it
5. Location, location!
A product has various demands in several different products. For example in number three baskets are a highly demanded product in tourist hot spots like Port Dickson, Tioman or Langkawi. To sell a product is first off where you want to sell it to make a steady amount of cash.
6. Efficiency is key!
The most important thing in business is whether you are efficient or not usually investment in efficiency like machines can be expensive but worthwhile in the long run. It is very inefficient if you have hundreds of workers that produce the same amount as two or three machines. Efficiency will create some maintenance costs like the machines but they do cut away the more pricier costs you have to pay.
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