The first step amongst these seven is to gather the information from the market and from other stake holders such as vendors and customers. A good research ensures that the business goes profitable while its operations. This makes the business give better output after getting functional for the full run. Business start up requires pre-planning and that can be done only after thorough research of the whole market. The biggest decision that an entrepreneur has to make is probably about the doing or not doing of a business at all. It is advised by Damon Rawls not to start a business that is not expected to end up in profit. Several entrepreneurs find themselves entangled when they are unable to easily close a business that gives them losses while operational. To avoid these circumstances, it is better not to make a bad decision in the first place.
Choosing the best ownership type is the third step suggested by Damon Rawls in his book for successful entrepreneurship. The registration type selection is crucial for a business to end up in profit or loss. The book also tells the beginner entrepreneurs about how to purchase a business or a franchise of an already functional business and it also tells about which business to buy and which not to.
Amongst the most important skills required to start business is to learn about how to book keep the records and how to handle the finances. If these functions are not performed well enough, then the business can end up in loss due to false statements. The book also tells about how to do E commerce for the businesses that have just started. In this second last step, the learner entrepreneurs are introduced to the knowledge of how the electronic commerce can positively affect them. Last but not the least comes marketing of the business that makes it all happen for the business. The book for learner entrepreneurs by Damon Rawls tells all about marketing the products and services on different platforms to attract more customers and increase the revenues.
About Damon Rawls:
Damon Rawls is the author of the book, 'From Want-to-preneur to Entrepreneur' that teaches about to be entrepreneurs seven steps for making their newly started business more profitable and lesser prone to losses. He is currently the president of Young Professionals of the Knoxville Area Urban League and also the owner of Jani-King franchise in Knoxville, Tennessee.
Damon Rawls
Knoxville, Tennessee
damonrawls@gmail.com
http://wanttopreneurtoentrepeneur.com
