A Student From Oman Asks How To Start His Own Company
Posted by steve on Jun 30, 2008
Question:
I am a student finished A-level and I am gonna to study mechanical engineer in the UK but i am thinking to establish my own work after my study . i want to create a company working in petroleum sector in any thing related to that as the opportunity is available as i am from Oman which is a petrol producer.
Please give me your advise how to start from now to build ideas step by step till the time come to build a real company.
Answer:
I complement you on thinking about building ideas now while you continue your education. To build ideas for your your business I recommend the following:
1. Research what your market needs now and is likely to need. The key to a successful business is providing the market what they want to buy. I highly advise against any innovative products or services that do not have a track record of sales.
2. Once you have your top 2-4 ideas, do risk analysis considering the capital needed for the business, the people and expertise required to operate and the likelihood of market demand changing.
3. When you have settled on your top pick, finalize your marketing strategy remembering you may have a great product or service, but unless customers pay money to you for your offer, you are not going to have a business very long.
4. All work involved in establishing a new company should be evaluated against the alternative which is buying one already offering what it is that you want bring to market.
This is a general outline of key points that must be considered. However, the topic is one on where in-depth work is required.
Good luck with your venture and you are welcome to contact me any time for assistance.
Thank you for visiting this site and I send all my readers the energy of vibrant health, happiness and prosperity.
Steve Pohlit
http://www.asktheconsultant.biz
Steve is the President of International Business Consulting Resources. His firm specializes in guiding companies to rapid increases in revenue and profits with a sustainable growth rate. I am building my practice and welcome new client inquiries. Call me for a fee consultation at 727-587-7871 Remember many of my business building articles can be found at Steve Reports and my prosperity building tool is The Prosperity Tool Chest
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Be Well and Prosper,
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Be Well and Prosper,
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Steve Pohlit has more than 20 years experience running very large and medium sized companies. Steve consults with clients to design and implement processes that will deliver improved business performance for the long term. Learn more about the process of Increasing Profits by 30% or More In 90 Days or Less by visiting 10 Minute MBA or you can call 727-587-7871 and speak with Steve directly. Have a question? Click Here To Visit Ask The Consultant