Business success tips from Nanay Coring

Business success tips from Nanay Coring The success story of Socorro Cancio Ramos includes incidents of failure.

16 Understand Your Starting PointEveryone begins from a different starting point. You need to evaluate the status of you...
25/08/2022

16 Understand Your Starting Point
Everyone begins from a different starting point. You need to evaluate the status of your launchpad. Uncover ‘why’ you want to start a business—your true motivation. Also, figure out how much capital you can risk to kick off your project. Ask yourself

15 Dealing with CompetitionRising through competition is the next challenge you’ll face while starting your own busines...
25/08/2022

15 Dealing with Competition
Rising through competition is the next challenge you’ll face while starting your own business. Competition can be a creative benchmark and key driver of innovation.

When you venture into a new market, you might see some brilliant products already being sold. Then it’ll be a creative challenge for you to think differently and shine through the crowd.

14 Finding the Right Business LocationIf your business requires a physical store or facility, then choosing a business l...
25/08/2022

14 Finding the Right Business Location
If your business requires a physical store or facility, then choosing a business location where your target market and customers are located is essential. Further, added challenges will be choosing a location with great connectivity, facilities for employees, and technological development.

13 Raising CapitalAfter validating your idea and building a core team, you need to raise money to scale your business. ...
25/08/2022

13 Raising Capital
After validating your idea and building a core team, you need to raise money to scale your business. It’s a challenge to pitch your idea and vision to the investors who’d be willing to invest in your company.

Moreover, you need to present your team too as your team will do all the work. This is challenging gameplay; you need to pitch your ideas repeatedly until you get a yes—you need to prove that your idea is worth it.

12 Building a TeamYou can’t mold your idea into reality if you don’t have a team. Building a team doesn’t mean hiring em...
25/08/2022

12 Building a Team
You can’t mold your idea into reality if you don’t have a team. Building a team doesn’t mean hiring employees and being done with it. You have to find people who align with your vision and are ready to fight the uncertain tides of the market.

Brilliant ideas are never scaled through capital alone. You’ve to hire a passionate searching squad ready to invest energy in your vision.

11 Developing Business IdeaEverything starts with a good business idea—it’s the crux of a successful business. But an id...
25/08/2022

11 Developing Business Idea
Everything starts with a good business idea—it’s the crux of a successful business. But an idea needs to be supported with good market research, which is not an easy task.

You need to have the courage to think out of the box and then execute the idea. Most people are happy with the old ways of doing things, but entrepreneurs challenge the status quo.

10 There will always be hard times. There will always be failures. If you fall down, get back up. Never give up
04/08/2022

10 There will always be hard times. There will always be failures. If you fall down, get back up. Never give up

9 If you have the love and passion for what you do, hard work will not be a sacrifice, but a joy!
04/08/2022

9 If you have the love and passion for what you do, hard work will not be a sacrifice, but a joy!

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