HOW START A SUCCESSFUL BUSINESS AFTER GRADUATING FROM ENGAUSA
Have you been wondering how to start your personal business after graduating from Engausa? It is easy! For you to start a simple business and start making money, we will discuss about which type of business is best to start, and how you can start this business. If you are looking to start a successful business after graduating from Engausa, you may be feeling uncertain about where to start.
There are so many things to think about before starting a business. In this article, we will discuss how to start a successful business after graduating from our training center. There is a lot of help you will require. This blog will provide you to with best step by step to start a successful business.
Starting a successful business is not an easy thing because before you start, you have to know where to start from and how to start it. To start a business, it requires careful planning, hard work and a lot of dedication. But if you have the right mindset and the right tools, it can prove very easy.
Here are some tips to help you start a successful business. Let’s get into this article to know how you can do it.
- Identifying the Relevant Skills: Before you start a business, you have to know the skill you are very good at. You have to have so many ideas on how to do it well. You can ask your tutor to put you through, and you can ask him a lot of questions. After you know which skill you can do best, you start to think of how to monetize it.
- Creating Audience: After you know the skill you can do best, then you make your business profile amazing which can attract your friends and relatives’ attention. Friends and family members can make you start a successful business. Let’s assume you are very good in graphics design; then you make a logo for your business and make amazing flyer for the business then you can share to your family members to put on their social media pages or WhatsApp status. From then your business can grow significantly with little effort.
- Make a Research for the Market: Research is the key to any successful business. Make sure you conduct a proper research to know which category of audience needs your skills most. If you have a skill for graphic design, for instance, you can start your business as a freelancer on Fiver and Upwork (freelancing websites which connect clients and employers together) or if you have skills in building installation, making a good flyer and trying your work for your relatives or friends can make you perfect as well as make customers/clients refer you to others. Remember, practice makes perfection!
- Creating a Good and Comprehensive Business Plan: Writing down your business plan can go a long way in helping you achieve your goals. A perfectly documented business plan containing aim, objectives, vision, mission, SWOT analysis (Strength, Weakness, Opportunities and Threats analysis) would prepare you for both successful and unsuccessful events that may come up. Drafting your ideas and planning how to handle disappointments should also be part of your business plan.
- Create a Brand loyalty among Customers: Try as much as possible to create a brand loyalty among your customers which will make them not to patronize any other person especially your competitors.
This can be done if:
- You are trustworthy and honest in all your dealings.
- You try your best to provide the best service available to your customers.
- You provide a unique way of handling your customers well e.g. giving them incentives, giving cash and trade discounts etc.
- Your pricing should be as soft as possible since customers are too sensitive to price change.
In summary, starting a business requires adequate research, planning, documentation and implementation of various ideas. In some cases, you may require capital to start your business which you can get through loans and help from relatives and friends. Your family and friends are your immediate market where you can best monetize your business. Try as much as possible to create something new to your customers (something that is both innovative and creative). Plan your business well, in order to provide a cushioning effect to disappointments that may arise in future. Do well to remember all you have been taught at Engausa Global Tech Hub and most importantly, pray for your success.
Thank you for reading!
