The Sixth week entrepreneur's class present:
SKILL TO START A BUSINESS
The most important one is to identify resources required. In this process, always remember to use 5H1W technique(What,Who, When, Which, Where & How). The things that required to identify are:
1) Business capital(finance, workforce, raw material, equipment)
2) Product or service(price, amount, resource, target market)
3) Location(license, target market, rent/purchase, purchasing power, basic infrastructure )
4) Facilities(Basic & essential facilities, costs, arrangement & management)
When the resource is identified, negotiation take place. Negotiation skills is necessary for preparation to start a business and to conduct a business. Negotiation process involving several thing which are:
1) Preparation
- Dressing, appearance and style
- Presentation skill
- Soft skill
2) Planning
- Determine information & material needed
- How to impress and talk to others
- Plan a complete agenda
- Collect data/issues/information related
- Fully use data collected
- Politeness(no negative attitude)
- Find out main point and arrange it well
- Use supportive material to support your point
I am not confident yet to start my own business, but after this week course, it helped me in the sense of it gave me the biggest guideline to run my business. I am interested to start a business with the technique or skills I have learned in this course. I will implement this to ease my path of maintaining the business.
Idea + Innovation + Execution = Success Business !!!
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