Creating And Making A Business
Setting up a Business from recent happenings, have been confirmed to have become the order of the day. So many Youths and So many Adults, Rush/Venture into Business without Understanding how the market works. As a means to help people out of their nightmares, we have taken our time to develop this article.
There is something beyond just starting a business.
WHAT IS A BUSINESS?
A business in simple terms, can be said to be any Enterprise you venture into with one sole aim; which is to make profit.
From our basic knowledge and understanding of the term Business, we believe that there are four (4) main types of Business Organization. They are: Sole Proprietorship, Partnership, Corporation and Limited Liability Company, LLC.
Of course That’s not where we are going, just laying a foundation for something different.
Let’s Go Further.
WHY DO YOU GO INTO BUSINESS?
We all know that Every individual may have his or her own definition of Business. This is just like a personal conviction.
Yeah! but without much ado with words, we all know that Every businesses you see out there has Profit as their Priority. But it goes beyond that. Running a Business is extremely beyond what the façade they let you see and know.
Any business business built on making profit can be said to have a shaky foundation. Do You know this? I Guess Not. A Business is rather built on the foundation of creating value and providing solutions to problem and at the same time serving the needs of the People. That is to say, Anything else that comes outside the aforementioned is secondary.
This is gradually taking us to our topic of discussion today – Creating and Making a Business
Creating and Making a Business, What Does This Mean? Are They The Same Or Are They Different?
I guess the first questions that runs through your mind are these, Yeah! These two concepts are not the same, They are with noticeable differences.
Virtually everyone knows how to create a business. Unfortunately, not many people can make their businesses.
WHAT IS CREATING A BUSINESS ?
Yeah! You know that Creating a business is also known as setting up a business. This is the idea developing stage, This stage can at least help your business Stand in the crowded market if solidly built or hasten your business downfall if otherwise.
WHAT IS MAKING A BUSINESS ?
Business making is a large concept you know, it entails many things which which would be summarily discussed to your understanding.
READ ALSO: Is It Really Necessary Having An Insurance?
Business Making varies when compared to creating a business. This is a process of strategically developing a foothold for your business in the midst of competitors. A business can be said to be Made when it Provides Solution and Creates Value – This was earlier mentioned if you still remember clearly.
This is to say, The amount of Profit or business revenue a business can realize is directly proportional to the Problems a Business can Solve and The Value it creates.
You can create a Business without making it though this won’t stand for a long time. And You can Make a Business without creating one but between this two there is a notable thing – When you make a business without creating the business that business has the potential to Thrive in the Midst of Competitions. You have Made up Your Mind To bring a Reformation to Your Business, But How??
These three Questions Would Set You on Track on how to build your business from scratch
- What Is Your Brand Identity?
- Do you have One?
- You haven’t Built a brand name for your business yet?
Start Now and Start Building Your Audience.
Meanwhile, our next post will explain more, kindly drop your opinion below in our comment box.