Tips for Budding Entrepreneurs

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Self-Coaching 
Developing ways to improve skills and abilities is an important step toward the goal of successful self-employment.  This article discusses self-help methods to achieve goals. Want To Get Ahead? Get To Self-Coaching
http://jobs.aol.com/articles/2011/08/04/want-to-get-ahead-get-to-self-coaching/

Evaluating Potential Ideas
Spotting pitfalls in a potential product or service means thorough evaluation. This article offers key points that every entrepreneur should consider whether or not science is the industry chosen.
Three golden rules for budding entrepreneurs
http://www.newscientist.com/blogs/bigwideworld/2012/04/three-golden-rules-for-budding-entrepreneurs.html

Note: The author’s use of  the word “pain” could be substituted for the word “problem.” Pain could also be used as a synonym or metaphor for experience.

 

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4 Responses to Tips for Budding Entrepreneurs

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    • Business plan, simply put, is the raoamdp of your business. It tells – what the business will do,- who are the players responsible for running the business,- who are the target market,- how this market will be reached,- what are the resources of the business- what are financial requirements of the business- projected income of the businessWhy will a bank manager want to see a business plan?- to determine how the business will make money- to check if the business will be able to repay the bank loan- to understand the risks of the business- to determine if the business has profit potential- to gauge whether the business owner knows what they are getting into- to know and understand who and how the business will be managed

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