Basic Steps: Starting a Microbusiness
Research, Plan, Fund
Starting a new business is not for everyone! It is very demanding of time and energy and you may make little or no income in the first year. But the rewards of developing a successful small business such that you have a sustainable income for yourself , your family and can help others is thrilling and uplifting experience.
When you have thought carefully about what goods you could make to sell or what service you could provide that people would be willing to pay for, you will need to:
RESEARCH - your product or service, the market, your competition, sources of any materials needed and who you will be able to sell to. See Training Modules 1 & 2
PLAN - decide what your business will do, what it will cost to start and how profitable it should be. See Training Module 3
FUND - if you need to find money to start, decide the minimum you will need and where the money will come from. START - start small, with a good plan and sufficient money to start your enterprise!
"You don't have to be great to get started, but you have to get started to be great." Les Brown
“Trust in the Lord with all your heart and lean not on your own understanding; in all your ways acknowledge Him, and He will make your paths straight”. Proverbs 3:5-6
Developing your personal attitudes and relational abilities will help you succeed in business and in life - seven effective habits! (See below)
Set goals for your enterprise or project that are Specific, Measurable, Agreed, Realistic and Time-Based (See below)
The Challenge to Reduce Poverty
“Global wealth has almost doubled since 1990, but nearly half the World's population still subsists on less than US$2 per day. Poverty remains a major challenge to sustainable development, environmental security, global stability and a truly global market. The key to poverty alleviation is economic growth that is inclusive and reaches the majority of people." World Council for Sustainable Development 2010
Internet Reach into Developing Countries
The Internet has expanded globally by nearly 380% since 2000 and it is reported that 25% of the World's population now has Internet access. More info.
Products from Waste
Nature's Paper, in Australia, collects leftover wheat straw and converts it into a good quality white paper. The waste hull, meanwhile, is used to produce bio fuel that helps power the company's plant.
Basic Utility Vehicle Assembly and Sales "Improving the lives of the world’s poor by providing simple, low-cost vehicles to facilitate community transformation”. Our partners are typically entrepreneurs in Africa or ministries that are looking to provide valuable transportation to help share the Gospel, deliver vital services, and help create employment. A simple cost effective transportation solution throughout Africa could not only change but save millions of lives ...bridging the gap between vitals services and people in need. More information click here Website: www.drivebuv.org | Email: email@example.com
Once you have planned an enterprise or project, you will need specific goals that will best enable you to be successful. Goals should be SMART – that is, specific, measurable, agreed, realistic and time-based.
Objectives that are SMART are likely to be achieved also enable learning that can keep you on track to success.
We recommend you set some clear goals using the SMART guidelines and share these with anyone involved with you in the enterprise.
These goals should be:
- Specific - Well defined and clear to anyone that has a basic knowledge of the project.
- Measurable - Know if the goal is obtainable and how far away it is to completion.
- Agreed - Upon Agreement with your colleagues/partners/family what the goals should be.
- Realistic - Achieve within the availability of resources, knowledge and time.
- Time Based - Allow enough time to achieve the goal.