GAHZLY

Do you already have a business idea or concept but confused about how to transform it into that ‘megabusiness’ of your dream? Have you been ruminating over what business to venture into despite limited funds to usher you into the desired financial breakthrough? Or you have a low budget for that new business and don’t know how to make it work? Do you fall into any of the aforementioned categories? Then this write-up is for you. The good news is that a limited takeoff capital is not as much of an impediment to succeeding in a new business as a lack of ideas, thorough planning and a motivation for success. Sadly, countless businesses have failed to thrive because of the erroneous impression that a robust starting capital is all there is to floating a successful business. But they got it all wrong! Henry J Turner, Executive Director of Small Business Development Centre Network at Howard University says, “Don’t start until you have a business plan. The reason a ...

There are quite a few steps to take when building a business from the ground up. This article assumes you have already gained a basic knowledge of these steps and are at a point where you have some funding and you are ready to put the building blocks of your business in place. If you are not familiar with the basic steps to build a business, I encourage you to go check out the multitude of publications you can find on the web and then come back and revisit this article. In most cases, it is paramount to build your business in steps, being very careful how you spend the precious funds that are available to you, regardless of the source of your capital. By now you should have a list of components that need to be put in place, such as the IT infrastructure, including but not limited to email accounts, a website, internal software systems (both “canned” packages as well as custom software) and more. On the creative side, you will need to decide on your branding (logo and color t...