Why limit your thinking to a "product?" First, you have to learn something, so pick several subjects you're interested in and go to the library and check out dozens of books on your favorite subjects. The more you know, the better able you will be to see the opportunity, and the more valuable you become to industry and business. When you become the expert on something, you will see what doesn't work and what works best and find your niche.
Samples
http://www.positivelypositive.com/2012/0...
http://www.psychologytoday.com/blog/the-...
This is only one type of business - manufacturing. Most businesses are services - where you supply services such as gardening, hairdresser, accountant, repair, etc.etc. where the owner supplies skill or experience to a task. Then there are retail and wholesale businesses which are far easier to start since you buy existing products in a quantity for which you a discounted price and then sell them (at a higher price) to retail stores or customers. Take some product that everyone uses or buys on a regular basis - find those firms that will sell you the product in large quantities, then go online and sell those items as individual units. Let's say - soap bars and shampoos - buy them by the case and sell them by the individual unit. Provided you take care of the taxes and account for the cost of getting the goods from the selling vendor to you then you can go into retail.
You can even buy used items like bikes/household appliances from willing sellers and sell them, repaired or cleaned, at higher prices to other customers.
You don't need to invent anything and you don't need to find investors.
In theory, yes. I recommend reading The Personal MBA: Mastering the Art of Business.
You can buy it and learn more here:
http://personalmba.com/
It truly is probably one of the best, if not the best, book to read if you want to truly grasp business concepts that are practical.
All the steps you have written down is typical of what businessmen do. But to be a successful businessman, the number 1 thing you should think of is phrase GOOD CUSTOMER SERVICE. No matter what products you sell or what services you provide, if you start to have and maintain GOOD CUSTOMER SERVICE, your customers will always come to you, which in turn results in your reputation being solid, and your profits constantly increasing.
Are this steps correct:
1.think about some product and create it and test it.
2.find investers to invest on the product to make it on large scale.
3.create any online store or a real store and sale it.
4. As the sales increases, make a official building of company.
5.hire more employees.
Help
