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SC – Business Idea. Lim Sei Kee @ cK. Business. Trade of goods Trade of services Objective: Making profit. How to start a business?. RIGHT BUSINESS IDEA! Simple idea, a solution to a problem or a dream in someone’s head. Remember successful entrepreneurs?. What do they have? PASSION

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sc business idea

SC – Business Idea

Lim SeiKee @ cK

business
Business
  • Trade of goods
  • Trade of services
  • Objective: Making profit
how to start a business
How to start a business?
  • RIGHT BUSINESS IDEA!
  • Simple idea, a solution to a problem or a dream in someone’s head
remember successful entrepreneurs
Remember successful entrepreneurs?
  • What do they have?
  • PASSION
  • EG: Software (Bill Gates), Real Estate (Donald Trump), Entertainment (Walt Disney)
  • What else?
other than passion what is important
Other than passion, what is important?
  • Skills!

Good cook  open café

Good mechanic  open garage

Good teacher  open tuition school

a business needs
A business needs:
  • Finance
  • Labour
  • Customers
  • Suppliers
  • Premises and equipment
  • Management organization & structure
how to start a business1
How to start a business?
  • What type of business?
  • Nature of business?
  • Name?
  • Location?
  • Resources?
  • Cost of product / service?
  • Price?