Business pre-planning

 

Once you have decided on a business, you need to plan ahead for the business. Almost all the time should be focused on the business until the business is completely stable. When you have a definite goal, a definite goal in front of you, you should devote all your time to the endeavor to achieve that goal. Once you have a goal of where you are now and where you want to go, implement the plans you need to make for it. Once you have decided what you want to do, reach your goal. Don't rely on anyone if possible. Once you have made the decision, move on by correcting the previous mistake each time without blaming others for the mistakes or losses in achieving the goal. If the same mistake is made again and again, the loss is greater. As a result, mental and practical balance is disturbed. Do your best to put your definite vision in front of you and make all the practical efforts for it. Plan and allocate work and time with a clear goal in mind. Allow all time for business planning and action, except for the time required for natural needs in the twenty-four hours of the day. That is, give priority to business. Prioritize business planning Financial planning, because if your financial planning is disruptive or unpredictable and the cost of your project exceeds the plan by the time you start production suddenly, you will have run out of money before your actual production starts. If the entire plant, the project is up and running, then the interest on the amount invested will increase and the loss will have to be borne before the production starts. For this you have to have at least twenty to twenty five percent more financial planning than the cost you incur from the time your product starts and the business starts. In the age of inflation, the prices of goods or commodities will not be the same. In this fast-paced world, there is no such thing as sustainability. So keep in mind the new technology and accept it wherever possible. Expenditure should be made while pre-production planning. Spend as little as possible by observing what you are spending. Wherever there is, use your own manpower, work for yourself. Reduce costs. Do the work at the time you have planned for the work. Do the work today. Divide those tasks into important ones.

Acquire knowledge, information, technology about the work you do not have definite knowledge about. There is no time or age limit for learning anything. So compile the knowledge that you do not have. Collect information. Use the information and technology you need to succeed in business success. Since there is no one in the world who is all-knowing, keep learning what is possible. Keep assimilating. Because power and wealth can be obtained only on the strength of knowledge and intellect. Ignorant people can neither gain power nor wealth. When starting a new business, one should choose the middle ground option, which is more risky and more successful, less risky and less successful. In which there is both danger and success. Entrepreneurs should choose the middle ground that is sure to succeed even after taking risks. If possible, study closely with competing entrepreneurs. Would be possible. So make friends with competing professionals. Professional friendship is very beneficial for the entrepreneur from the very beginning till the industry progresses. Get experience, advice, guidance from people who have created the world from scratch in business. Things you don't know, don't understand, don't underestimate when learning from others. Study of professional person's character, literature, reference books, research essays. There is no one in the world who is not wrong. But avoid repeating mistakes. People who repeat it even if they misunderstand consider themselves wise. But in the external world, it counts. Communicate with knowledgeable people in business, talk to them, politely ask them for the information, guidance, help you need. It will definitely help. The goal of achieving professional success and even if you have set a very high goal, then humility should not be a virtue in you. If the horizon of success is to be reached beyond sight and imagination, then humility must be at the forefront. An example of an entrepreneur like Ratna Tata can be given for this. He is also known worldwide as an ideal humble entrepreneur with hundreds of companies spread across eighty countries of the world.

When starting a business, keep in touch with people who are related to the business, who can contribute to the advancement of the business, give them time, develop friendships with them. Beware of people who are fickle in financial dealings. Stay away from ignorant people who have negative morale, don't have goals, don't have big dreams. Make friends with people who are looking for happiness, happiness, success and innovation. Keep yourself away from addicted, lazy, characterless friends. Make a resolution that the society and the country will benefit from the industry and trade you choose. Maintain social values. An ideal should be created in front of the society, in front of the young unemployed generation of the country. Such a business industry should be created. Build such a business, industry and your own character. We start our business with the intention of providing financial support to ourselves and our family. Your business is the financial planner of your present and future generation, your career, your future. Therefore, prepare for the immense physical, mental and intellectual hardships that have to be done for it. When we start a product using natural resources, we will indirectly create new assets as those resources will be depleted.

Traditional thinking and information are often useless when starting a business in the modern world. So, using the knowledge relevant to the times, we have to learn to accept the ups and downs of the industry and trade, the ups and downs, keeping in view the practical point of view. Stay away from unscrupulous people who pretend to be truthful by spoon-feeding as success can be achieved on the strength of truthful information, truthfulness and practical transparency regardless of industry, trade or any other area of ​​the world. Stay tuned for business opportunities. Search is a saying that can be found, so always look for opportunities. Take advantage of every opportunity that is beneficial to your industry by exploring opportunities in all areas such as natural, social, political, educational, market space, competition near where you live and start a business. Learn to do. If you can't find what you're looking for, just think about it. If you have only a basic knowledge of the business, the industry you are planning, then you should take systematic technical training of the industry without going into business immediately on the basis of such incomplete information. If you yourself are ignorant of the technicalities of your industry, you will have to rely on trained manpower and make business decisions based on their advice. From a practical point of view, entrepreneurs who have skilled and trained manpower have a better chance of success. Having skilled and quality manpower is the credit side of any company. Since the entrepreneurs want to select the manpower who are dutiful, hardworking and ready to work hard, after selecting the business, they should select the skilled manpower with the technical and practical knowledge of the field while selecting the manpower required for the industry. There is no shortage of skilled workers in our country today. Our country of Rs. With the provision of facilities to meet the expected wages and their basic needs, there is no shortage of such manpower in our country today.

Every entrepreneur and entrepreneur has to make practical compromises in order to succeed in business, only those who are skilled in making practical compromises can succeed in business. In business, all kinds of people come before us. Since every person in the world has a different temperament, we have to adapt to the temperament of every human being that comes before us. If the person in front does not like the nature, then the commercial advantage should be taken into consideration. If your temperament does not match with the person in front of you, but you will benefit from communication, contact with him, it will be your business profit, then you should adapt to him and keep your temperament, dealings and communication in harmony with his temperament. He should not have a stubborn nature that should be matched with his temperament and habits. No matter who is in front, when dealing, you should deal with the transparency of your imagination and real situation. Financial and business transactions should not be based on mere imagination. We often bring things to our imagination. But just because you have an idea or just a dream doesn't make you a commercial success. So we have to study the current situation in depth and keep in mind the reality and deal with the times. Complicated transactions should be avoided as much as possible. Don't make complicated, impractical, high-risk decisions. When seeking guidance, be prepared to listen to the experiences of others, to understand their knowledge. At the same time, when you have to make decisions that seem impractical and unethical, have the courage to oppose those decisions and to say that they are wrong.

Struggle is the success story of every successful man. There is nothing in the world without struggle. If everyone succeeds without struggling, then no one in the world will fail. Entrepreneurs have to keep fighting. There is only one goal behind building a business. That is to make a profit. There are two ways to make a profit, one is straightforward way, hard work, hard work, struggle, ethics is the way to succeed in business and the other is unethical way. Success in a bad way is short-lived. Ethical success requires a moral path. The success you want to achieve in business requires you to choose a polite, decent, hardworking, cultured and ethical way.

Financial planning before starting a business, technical training for businesses, market study, creating a niche for your products in the market. Managing staff and manpower. Raw materials, materials, tools, machinery, legal licenses, electricity, water, space, distribution, transportation, marketing, product promotion, advertising, all kinds of planning, should be linked with all planning. In a world where there is no competition, there is no business. The business should be started by thoroughly studying the chosen business, by making all kinds of plans. We should start with the goal of getting money, prestige, worldliness, honor in front of our eyes. We are going to start the future with big dreams and big goals. Be prepared for all kinds of hardships because hard work is the key to success.