1. RESEARCH AN IDEA: - Figure out an
idea that will be borne out of passion or special skill you have mastered in
the course of performing your duties. Analyze the market, talk to prospective customers
about what they would like, check your competitors strength and weaknesses to
see how you can tap into the opportunity therein the business idea of your
choice.
2. UNDERTAKE LEGAL INCORPORATION: - Even
while you are still involved in paid employment, it is important to have it at
the back of your mind that the company belongs to somebody else no matter how
much effort you dissipated in making it grow. Therefore, registering a business
name or incorporation should be undertaken as soon as the fund is available,
these will prepare you for the challenges ahead and it gives you a sense of
ownership of a prospective business.
3. CREATE A WEB AND MEDIA PRESENCE: - Try to
build a web presence and create a media platform where you can launch your
start-up. It is an avenue to test the pulse of your prospective customers.
4. GET A BANK ACCOUNT FOR YOUR BUSINESS
NAME OR INCORPORATION: - It is important to get a bank account for your
registered business so as to lay a solid foundation for a wider acceptance as
