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.