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How To Be A Self Employed or Entrepreneur

Published Date : 20 Jan 2015
User Comments : 2 Responses - Ask a Question

Self-employment is an employment profile which act towards generating one’s income directly from clients end as opposed to being an employee of a chain of commands. Self-employed personnel generate employment opportunities for himself and also for the others rather than being provided with work by an employer. It is no secret that the past few years have been tough, but even so, the idea of becoming self-employed and starting a business can sound challenging as well as expensive. In fact, with proper planning and research, it can prove to be interesting, exciting and the start to a new beginning of a prosperous future.

Qualities To Become A Successful Entrepreneur

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Benefits of Self Employment

Steps To Be A Self Employer

  1. Personal evaluation: Begin by analyzing the skills that could be used to pave the way. Consider what constitutes your end product whether it’s a service or a product. How much capital you are willing to risk for that articulation of passion.This self analysis will help you focus and pick a business.
  2. Analyze the business: Evaluate your target and potential customers. Who will be your competition?
  3. Draft a business plan: It is essential as it comes handy during negotiations and persuasions in seeking outside financing from friends, relatives, investors, or a bank. Besides that drafting a business plan will help you figure out details about the required capital, pre-emptive measures to overcome difficulties.
  4. Get financed: Most small business ventures start with money from savings, credit cards, personal loans, help from family and friends.
  5. Get started: This is where the structures of setting up ones plans start to materialize. It includes finding a location, negotiate the lease, presentations, installation of means of operation, etc
  6. Hit and Trial: Making a mistake to learn from it should be the first order of business and not a setback. Advertise and market to let people know you are out there.

How To Be A Self Employed or Entrepreneur

Opportunities in Self Employment

There are limitless opportunities in self employment as there have been people in the past that worked small time and took it to a billion capital industry. Banks and Government encourage self employment as it generates capital as employment for the common good. All one needs is the courage to take that leap of faith. As every marathon starts with a first step.


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AJAY RAWAT
1 year 6 months ago

I AM AJAY RAWAT ( M.A.,M.COM., M.PHIL.,B.ED., M.ED,) ORTHOPADICALLY PHYSICAL HANDICAPPED WIHT 15 YEARS TEACHING EXPERIENCEWANT TO START SCHOOL IN UTTRAKHAND PLEASE GUIDE ME HOW GOVERNMENT HELP ME .IN THIS MATTER

abhishek misra
1 year 8 months ago

sir, i want to start my own business of raw food processing as aata,wheat dalia, pulses packing,mustard oil packing etc. should i start it without registering my work,and what are the initial steps,i follow.
please guide me

wpDiscuz



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