Best top ten ideas for Building a Successful Business from Zero

Most people dream of becoming a big and successful businessman. But only a small percentage who actually lived through the dream.

The reason is simple, starting and managing your own business is not as easy as imagined. In addition to having a mentality as strong as steel, there are other important things that must be prepared carefully.

Now, what do you need to start building your business to success?

  1. Convince Yourself

Begin to strengthen your heart before making your choice. If you are still half-hearted when starting to build a business, you will be more easily dropped by circumstances. Instead of success, the business that you build actually stops in the middle of the road.

  1. Prepare a business model that will be run

If your heart is firm, try to start thinking about what business model you will run later. You can start to find out Idea how to make money investment finance and better life.

  1. Thinking “Out of the Box”

There is no successful businessman without creative thinking. The online transportation business, for example, sees the opportunity for how this business will become a solution for urban communities. So, make it a habit to hone the ability to think more creatively huh.

  1. Prepare a clear “Vision and Mission”

The most important thing when starting a business is to make a business plan that has flexibility and business innovation in it, don’t forget to include a clear “Vision and Mission” of the business that you are starting.

  1. Organize yourself

Start by getting used to being more organized. This is very important as your own capital in managing your business. Simply put, if you cannot organize yourself, how will you organize all elements of your business?

  1. Diligently taking notes

Positive thinking success motivation & inspiration ideas to win, Write down all the important things that you can. Starting from the advice of others, to the challenges you face when managing your business. With hope, when the time comes, you will not only bequeath a company but also your experience.

  1. Focus on one business first

Don’t rush to double profits by starting a second business. Make sure the business that you manage now is completely stable, both in terms of capital, human resources, and other needs.

Also Read: Today is the Best Time to Spend 

  1. Be ready to face the worst

Guts are needed to truly become a businessman. However, that alone is not enough, analyze and prepare yourself for the worst possible thing that could happen.

  1. Be open to every evaluation

One of the secrets of success is the “learning process”. Be a person who is always open to criticism and advice from others. Try to do an evaluation of the shortcomings when doing business.

  1. Keep learning and don’t get complacent

Every business trip there must be “up and down”. When the business you are managing has the upper hand, don’t be easily satisfied. Use this momentum to further accelerate business. Likewise when your business is lethargic, do not necessarily despair. Open your heart and generate new successful business and startup ideas to win.

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Business idea – Doorstep Wholesale

Nowadays, all shopping materials in retail stores come on a call. There are many wholesalers who supply bulk material on the doorstep of retailers. These wholesaler purchases material from distributor or C & F and sells it to the retailers on call. A large number of persons in the city is employed by this method. This gives easiness to retail shop keepers and employment or turnover to the small wholesalers.
But there is another market which is still not looked upon. That is a wholesale home delivery system. It is seen that a large middle class section is emerging in India and this class have major consumption in FMCG, food products, etc. Normally each family of 5 persons purchases 3000 to 6000 Rs. products per month from small wholesalers. They go twice and thrice in a month and purchase as per their requirement. Normally orders are in repetitive mature. Most of them are packaged and specific brand products. This is the requirement of all the middle and upper class families.
There are some departmental stores which provide home delivery. But it is not organized and popular. Because initially departmental store starts their scheme to increase sales and customers. But after some time they deliver very poor services to their customers.
So there is need for doorstep wholesalers who can take order on call and give rates and next day they deliver the order at home to their customers. In 10,000 to 20,000 families area one wholesaler can easily serve if he gives good services, good quality & material and reasonable rates to their customers. In ten thousand families area if he captures 10% of market sales. Then its monthly turnover will be.
Monthly turn over in = 10,000 x 10% x 4000
10,000 families = 40, 00,000 Rs.
In that, if we take wholesaler profit as a 5% profit in which 2% is his real profit while 3% he should expense in packaging, transportation, storage, call center and in incentives.
So if we take 2% profit then
a wholes can earn monthly = 40,00,000×2%
= 80,000 Rs.
Which give annual income of about 10 lakh. This he can get with one year of hard work.
But the question arises how much he needs to invest in his business initially.
For his inventory 2 days = 10,00,000 Rs.
(Rest he can get trade credit easily)
Three month store rent = 1,50,000 Rs.
Three month salary and other expenses = 3,00,000 Rs.
Furniture & Machinery = 5,00,000 Rs.
Miscellaneous = 50,000 Rs.
……………..
20,00,000 Rs.
……………..
So for the income of 10 Lakh, you should invest about 20 lakh in this business.
If you give good quality products, good services and reasonable rates chances of success are 100%. You can start initially at lower turnover goals like 10 lakh Rs. Per month and increase as per your income grows. For 10 lakh Rs. the turnover you need 5 lakh Rs. as an initial investment. But here I should declare that you should never supply loose items. Take orders of packaged and branded items only. So that chances of bad quality is a minimum.
But for marketing your cell number, your delivery policy should be properly communicated to your prospective customers. For economic balance, order quantity should not be less than Rs. 500 order so that transporting cost is balanced. Use next day delivery system only, so that delivery van can take a single round in a day.

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How to design business

When we look at big business houses, our hearts also want to become a big businessman. But for a youth who had finished college education, it looks a big dream. But he never knows how to make a high growth business organization. This is the study which will help to do that.
These are the steps.
1. SWOT analysis:- It means strength, weakness, opportunities and threats firstly strength means like education, the capacity to hard work, deepness on thoughts, leadership, risk taking capacity, etc. Which are your powers.
Secondly, weakness means where you always weak.
Thirdly opportunities like which you may easily assessable like family background, loans, etc.
Fourthly threats like where you find restrictions like your business location, your responsibilities, outside conditions which want to stop you. These all one should know before starting or planning your business.
2. Problems: – First one should find big problems around him in his field, which he can help to solve him. Means his expertise is like that it may help to resolve them. What should be an economic business model according to that problem? So one should give a thought if that problem is solved and he can make a good profit also.
3. Dreams, Interest, and Expertise: – First he should study himself, means what dreams he had and what kind of expertise he had got in the past. He should also study his interest areas. Interest is the only thing by which you will join with your business for a long time and it will give a high growth rate. So never hide interest.
4. Pre concept: – After the solution of problem one can find some key business areas, in which he should select one of them. Then he should plan a basic business plan which he wants to do with comfortable. He should make a brief design like location, target group, revenues, costs, etc.
5. Case studies: – When pre concept is made then one should study deeply as possible as, the same kind of business organizations and their workings. Min 3 case studies are necessary to full knowledge of that kind of business.
6. Final concept: – After the above all studies, one should know what is his basic theme to do business. So he should design the final concept. It means what he will do, how he will do, where he will do, for whom he will do, what will be strategies. These will be in brief in detail.
7. Final project report: – After finalization of the concept he will make a detailed project report of his future business with the help of the experts in that field. This report should say all the data like what he will purchase, at what rate, from where what he will produce, in what economic quality, what he will sell, on what rate and where. He will study financial ratios up to future transactions, plant, machinery, building, location, transportation, handling, servicing, inventories, stores, etc. Each detail studies in this project report.
8. Study legislation, approvals & licenses: – After case studies, one should study all kind of legislations for that business. He should also study what kind of approvals and licenses are required. On what cost, and what documentary needs.
9. Approvals: – All approvals and licenses are taken in this stage with the help of experts like CA, CS, and Lawyers, etc.
10. Finances: – In this stage, all finances are collected from personal deposits to lawns.
11. Building, machinery & equipments: – In this stage building is occupied by rented or making. Than machinery & equipments are purchases and placed in the building.
12. Human resource management:-When machinery & equipments are purchased then personnel’s, labors also recruit for job as per recruitment of organization. After recruitment, all personnel should be contracted and trained according to organizational requirement.
13. Run organization: – When all labor and machinery is ready then the business organization will start to work.
14. Marketing: – It should be done like that product on service should reach each person of the target group. It should be so pleasant way that clients want to join its product and service.
15. Quality control: – It is a very necessary point for a successful future. It should be like that way that end user will get max benefit from product and service.
16. Brand image: – Business will be meant successful, only when he got a brand image in his customers and clients. It happens from quality control and marketing.
17. Training: – Human resource should be trained from time to time as per technological change. So that learning to do better never be stop and they will perform better in future competitions.
18. Maintenance: – Machines, building & equipment should be inspected and maintain as per time schedule.
19. Future: – Future technologies and needs should be studied time to time so that the organization will remain as per time and make changes according to date.
These are the steps by them on can establish a good organization according to his interest and desire.

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HOW TO RETAIN PERSONNEL – SALARY MATTER

Changing jobs is becoming a threat to business enterprises which may be small or big. This study focus on why employees are forced to change their job because of money matter.
Salary is a big fact about 70-80% to changing job. Why big companies also cannot retain their personals. Previous management studies say that the company’s goal and his personal’s goal should supplement each other. But that should be studied in detail. A company should find what should be the appropriate level of salary for each his person, what should be the increase every year so that its employee found comfortable in his company.

Most of the business houses have a fixed policy to increase salary every year. Most of the cases it is 8% annual and in case of promotion about 12%. So average growth in salary comes about 10% every year. Last five years it is seeing that average inflation is 8%. So actual growth in salary is about 2%, which is coming from promotion only. That is the policy of why the employee left’s company after 2 to 3 years. After that, his post is filled by another person, who takes about 20-25% more salary, which is from the previous one. These processes go year by year, the question arises, why this salary is not given to the previous person.

Our studies say that 8% increase in salary is only required to cover inflation because of rupees depreciation. But there is one more inflation in India or other countries. That is lifestyle growth. When if one look at 10 years back our lifestyle was somewhat different then today’s. Like for example, there was no cost of mobile and its services. Is it a person remain today without a mobile? not at all. Like an example transport expenses. Ten years back the city was small. There distances between offices to home was small. These distances not only increase expenses of petrol but also the expenses of the vehicle also. These kinds of numerous things changes in our lives every year, which is not seen closely. But these changes are necessary every year in life. These come to a poor labor life to CEO a big company. My study says that average lifestyle growth is coming at about 4% in the last 5 to 10 years. It may change from time to time. So when we combine inflation and lifestyle growth:-
Effective inflation = Average inflation + average lifestyle growth
= 8% + 4% = 12%
So the increase in salary is about 12%. There is no change in salary in reality for an employee.

Effective inflation is still not an indicator of a human’s need. That indicator gives an employee’s fulfillment of its present needs only. But the employee has his future goals and requirements like children’s higher education and their marriage. Besides he has requirements of own home, own vehicle, home appliances, and furniture, etc. Our study says that from the last 10 years, future goals are also a big pressure to change the job. Future goals satisfy two types of need. First, it satisfies necessary or compulsory future need like children’s education, marriage, and house.
Second, it fulfills dreams need like luxury life by car, home appliances, furniture, family tourism, etc. Our studies say that both the things, which makes future goals, require a 4% increase in salary each year. So man’s minimum need from his job may be stated like that-
Employee average need = Average inflation + Average lifestyle growth
(In salary) + Average future goals need
= 8% + 4% + 4% = 16% (for year 2014-15)

So according to the last 10 years study says that employee needs about 16% each year. So a 16-18% increase in salary did not shuffle the employee form his job.
Is the company wants to fulfill the employee’s need? Business organizations did not give that increase in salary, firstly. But when a person left and another comes they give to force higher salary to his next employee. Then the general salary level is increased. It is seen that the cost of the average human resource increases by about 16% in each year from the last ten years. Thus companies are forced to give this increase to his employees by changing jobs.

So above the whole study gives a one thumb rule that double inflation is the need of every employee or labor. So this whole study gives the right level of increase in salary level. So retaining personal because of money matter should be an easy task now.

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Think good for others and get good business

The demand and supply is a basic principle of business. It is a simple line but if it is thought deeply results will be great. According to demand and supply, if a businessman finds certain demand and then he supplies that demand he gets business and income from that business. In this theory, it is said, same thought differently.

This theory says that first of all one should understand his location and local condition. Means that first of all one should think problems in that area and should feel to do resolve them. When problems are thought deeply than solutions is readily available. Like for example if one sees the old city of your city, the old buildings in the old city looks ugly or dismantleable. So you may get a solution that one should maintain the buildings or some buildings may be dismantled and remade. In above whole thought, you may find first business is to maintain buildings, its floor & and elevations. Second, you may find business from, remaking of building with the collaboration of old owner. Third, if any client requires renovation of building it might be done. So above one old city problem was given three business ideas.

In that way second example if one lives in a suburb in the city. He can study life all around. Like one feel problems of tension, fatigue, pressure, and burdens. Then its solution will be recreation, diversion from daily life, relaxation, motivational and counseling. If one went to cater that he may open recreational center, book café, sports and yoga center, Gymnasium, a counseling center for children to youth, relaxation center etc. These all may be your business plans.

So basic thought is behind that first you see the problems all around you and then find its solutions. To cover it up then design your business that way peoples problem will be lesser and you also get profit in it. These above two stories are very simple, besides that, you will find numerous problems and their solution. And I also tell you if you go with the calculated design then your business will get 100% success definitely.

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