"Time to Create a Job, not a Job!" The business campaign may be more and more buzzed primarily for young souls looking for a career path. Basically the thought is very good can even be regarded as one solution of progress and economic independence of individuals and nationally.
For anyone who mengamini thinking above, the initial stage of pioneering the business into a moment of actualization of ideas to be realized soon. With the spirit and armed with the concept of mature, the beginner businessman plunge into the business world in accordance with their respective fields. Some may be successful but not a few will be selected natural and even have to go out of business before the business grows.
Writing this time is really made not to fade the spirit of doing business but vice versa. It is expected that the readiness will arise if we first explore the risks of what we may face when the initial business build. And hopefully a review of the 5 major risks of pioneering the new business following can be beneficial to your colleagues.
1. Financial Risk
The first risk is financial risk. When starting a business, of course we are faced with financial problems related to capital and initial operating costs. To meet that aspect some of the beginner businessmen are using personal savings funds, loans, or maybe getting funding from an agency.
From wherever the financial resources we must be able to prepare a mature financial planning first. It includes the cost of expenses, income, unexpected needs and other financial risks that may arise. The final stage of course is to calculate all the financial items. If it is feasible, then we are ready to run the business.
2. Risk of Goods / Products
The risks involved with the product generally deal directly with consumers and the market. The main problem is whether the products we offer are really needed by consumers, whether our products will be able to compete with similar products and will the product has a broad market opportunity and can last long.
All of these risks are very likely to arise if we neglect in making initial observations of our products. Associated with observation, it takes effort and time alone. But this is a very important step. When we already have an estimate that our product has high selling power and competitiveness, we can start the business.
3. Market Risk
In relation to the second point, the next risk is related to the market potential of the business we are about to enter. The consumer of each product is always unique and has its own market. The ability to recognize that specific market will determine future business success.
The simplest way to deal with this risk is with a lot of questions and views. How target market behavior, how they buy, what interests them, and what kind of initial execution process is most appropriate for the consumer group should be well taken care of.
In addition, the market also includes competitors that we will face later. In established markets, of course, there are competitors who have started the business first, except for the unique business field that is still very new. There are several tricks to take advantage of competitors, one of which is to steal the science of how the competitor can progress and gradually. In addition, namely by providing innovations that have not been owned by competitors to consumers more interested.
4. Business Team Risks
For those who start a non-personal business alias need a team, will face additional risks related to how to form a solid business team and can advance business together. In addition to our own business owners, there are employees, managing partners and business financiers (if any). All these parties certainly bring their own risks.
The wisest step, because our business is still early run will be better to limit the parties involved. Fewer team members will provide easier settings. In addition routine communication is also the key to the success of a business team.
5. Risk of Implementation
Implementation or execution stage may be the most adrenaline stage. The risk of being unpopular or even worse by receiving a bad response from the consumer is likely to be faced. At this stage steps that can be taken is to perform an impressive pre-launching. Pay attention to every business detail, kemudain held pre-launching by inviting potential customers or can also do promotion.
Risk always be the side of the business world currency that can not be avoided. But who should be believed whoever wants to pioneer business is
