Cibao Productive

Entrepreneurship Guide

ANY CIBAEÑO CAN BE AN ENTREPRENEUR

GUIDE FOR PEOPLE FROM THE CIBAO TO START BUSINESSES

You may well be an entrepreneur. Not only professionals can start new businesses…………In none of the 14 Cibao provinces should people be afraid of starting new businesses.

Since the years of colonization of the island by the Spaniards, when the economy of Cibao was based on the cultivation of tobacco and other agricultural items along with livestock, the population of the region has been characterized by being industrious and enterprising. , resulting in the recognized business and commercial dynamism of the northern region of the country.

In this region of the Cibao there are many opportunities to carry out a business due to the large number of productive activities that are carried out, so there are many people who can demand new products and services, as long as they serve to satisfy a series of specific needs or desires that they may have. The most important thing is to make the decision and not be afraid.

We must know that in the Cibao there is an abundance of resources for agricultural and livestock production, that there are many commercial establishments, that there is a lot of tourist activity on the beaches, in nature and in the cities. In general, this is a region with all the characteristics and conditions for many types of business ventures.

In this article we explain to the people of Cibao the keys to starting a new project, types of business that can be done and the strategies to develop it.

KEYS TO START A NEW PROJECT.-

ENTREPRENEURSHIP HAS NO AGE. ALTHOUGH THE MAJORITY OF ENTREPRENEURS ARE YOUNG, A PERSON OVER 40 or 50 or 60 YEARS OLD CAN BE PERFECTLY AN ENTREPRENEUR. PEOPLE OF DIFFERENT AGES OR GENERATIONS CAN ALSO COME TOGETHER TO MOVE A PROJECT FORWARD.

When it comes to starting a new business project, the first thing most people think is that a large amount of money is needed and for that reason, most lose interest. That is a serious mistake. Above money, there is talent, creativity and the ability to work, along with knowledge of the needs of the public and potential demand.

It's also important to tell people that you don't have to have a graduate degree or a master's degree, you don't even need a bachelor's degree or a bachelor's degree to start a new business.

The keys to get started are as follows:

  – Avoid any type of situation that causes economic pressure (that is fatal because it does not allow you to see things clearly). Try to start at home or in a place where you don't have to pay rent.

  Learn to keep the control of every peso you spend or invest. Likewise, record or write down each peso that enters through the activity of your business.

  – If you require another or other people to help you, try to have them be close relatives or people you trust, that you do not have to pay a salary or that the payments are low or, preferably, that this small payment comes out of the profits left by the business.

  – Get into a business or activity that you master, in which you are good, in which you have skills and experience. If you don't know about a grocery store, don't get involved, even if they tell you it's a good deal. If you don't know about public transportation, or cars, or mechanics, don't buy a car to give it to someone else to conch.

  If you need to take a course to improve something or to learn things you need to learn, sign up, because knowledge never exceeds.

  Don't be afraid to ask other people who have come their way after starting a small business, because it is always important to learn about other experiences and get good advice.

  Contact with customers is key, so you must learn to communicate with people who are of interest to you.

  It is almost mandatory to market study, that although it does not have all the depth that is required, it serves to:

              > Know the market you are going to enter.

             > Define the target audience you are going to focus on (social class, gender, age, etc.)

              > Meet the essential needs of customers.

              > Know the characteristics of the type of product or service that customers require.

  Use Social Networks, but in an organized way.

              > There are people close to you who can help you with this matter, to advertise what you are going to sell through social networks.

              > We recommend that you make a Web page for your product or service.

              > You can also develop an App or application to do business over the Internet.

· Try to make relationships with other types of people who do activities that have to do with what you are doing. In this way, those who sell raw materials, those who sell products or services related to their activity, the technicians who fix the machines, etc. become allies.

· It is always important to present some type of attractiveness or competitive advantage, whether in price or quality or delivery or organic or artisanal product or distinctive flavor or variety or quantity or size. Always try to have at least one key difference that makes you stand out.

· For either case, it is determinant that you have a brand. Try to visualize having a business chain in the not too distant future, so you must legally register your brand, no matter how small your business may seem.

· We recommend that no matter how small your new business is, try to establish it formally, that is, register it with the authorities (It's easier than you might think). Those who operate informally do not receive comfortable credits, they do not have help from the State or the private sector. Believe me, being formally registered is a great advantage, even over other informal businesses that are on the same level as yours.

· Evidently, You must have a little money saved to invest (although not much) or have the support of a person or an institution that will support you financially.

· You have to be persistent, that is, You have to be prepared to face difficult times.. If at first it doesn't go as you hoped, don't give up, don't get discouraged, keep putting in your best effort. Most beginnings are difficult.

TYPES OF BUSINESSES THAT CAN BE DONE.

The number of businesses that we can undertake in this region is innumerable. For better understanding, we are going to put different examples, below:

  - FOOD SALE.– If you are good or good at cooking, investigate in your sector if there are enough people (especially employees) who require a good plate of food accompanied by a good salad. If so, try to find out what types of food they like and how much they can afford. The key may be that you can take the food to work, very hygienic and well presented. For those who attend your establishment, you must offer a clean and comfortable environment, with well-presented dishes and other utensils.

Other options may be to start a small fast food business, such as empanadas or hamburgers or sandwiches or pizzas, accompanied by good natural juices.

  – MAINTENANCE SERVICES IN HOMES AND BUSINESSES.– If you like to work in matters of plumbing, electricity, carpentry, home furniture repair, painting, refrigeration, stoves, office cleaning, etc., you can start a small home maintenance services company, from your own home.

You do not have to be an expert in each of the specialties that we have mentioned, since you can associate with specialized technicians, as long as they work according to the norms of your company. You do not have to pay anyone a salary, since they would work when they are required by you, under your coordination. You must make legal agreements with each of them.

  – OTHER TYPES OF BUSINESSES THAT CAN BE DONE.– Taking into consideration the recommendations we have made in the previous examples of types of businesses that we can start, we suggest these other types of ventures:

    · SWEETS AND HOMEMADE EXQUISITECES.

    · THERAPY AND MASSAGES.

    · TOUR GUIDE.

    · FACTORY OR SOUVENIR SHOP (flannels, bathing suits, towels, hats, etc. with original and innovative decorations).

    · FACTORY OR SILVER SHOP (bracelets, earrings, necklaces, bags, etc. with original and innovative designs).

    · CUSTOMIZATION OF OBJECTS (office and personal use items).

    · PASTRY AND PASTRY.

    · INTERIOR AND EXTERIOR DECORATION.

    · SALE OF PICTURES AND DECORATIONS FROM HOME.

    · WASHED AND IRONED (clothes collection and home delivery).

    · RECYCLE AND MANUFACTURE NEW PRODUCTS APPROPRIATE FOR THE ENVIRONMENT.

The list of ventures can be very long. The important thing is that you like what you do and that there are enough people who can buy from you.

As we have previously recommended, You must develop a brand for your small business and legally register it.

STRATEGIES TO START THE BUSINESS.-

Before starting, it is necessary to remember and review the keys to starting a new project, which we detailed at the beginning of this article.

Here are some basic strategies for you to start your own business.

 

Outward or Inward Strategies.

 

  to) clearly define What is the type of customer we need to reach?

  b) Know the needs What do those clients have? or the problems they need to solve, so that we can satisfy them through the product or service that we are going to offer them.

  c) As a test, Present the product or service we offer to several of these clients so that they can tell us if they like it, if it is what they are looking for and what things we should correct.

  d) Know through which means or means we are going to offer the product or service. Either directly or personally, through social networks, by phone, in some public places, visiting establishments, with posters, with an announcer, etc.

  and) To know what let's tell potential customers and What let's say it

 

Inward Strategies. Cleaning up the house.

 

  1) What will be our strategy to produce the sale? In the first place, we have to specify the type of product (quality, size, price, type of packaging, smell, taste, etc.) or type of service (home or delivery, delivery on time, personalized service, etc.) We will offer customers to meet their needs.

  2) Define the production process or the service to be offered, including the technology used, raw material, tools, packaging material, instruments, vehicle, telephone, etc.

  3) How much does it cost us to start the business. By obligation, you have to calculate well what factors are included in the cost to make the product or to perform the service. How much does the raw material cost us, how much is paid for electricity, how much do we pay monthly for the motor that we take out at the agency, how much is spent on the phone per month, how much is spent on the internet, if we pay rent, if we pay work, tables and chairs for the small business. That is, what we must have to be able to start.

>  4) We need organize the part of sales, accounting and personnel, no matter how small the business.

  5) It is necessary and obligatory set an objective or a goal to achieve in a certain time. Taking into account our costs, we can determine what is called the Break-Even Point to cover them.

  6) Last but not least, we have to define the mechanisms of control and evaluation of the business. To achieve the goal or goal it is required to write in black and white how much we should sell each week or fortnight. This will allow us to know how the business is going, if we are doing well or poorly and what actions we should take as time goes by.

We trust that these guidelines will encourage many people to undertake, knowing that things are not easy, but that the results can be very satisfactory and that they can change your life. When you become an entrepreneur, you see things from a very different point of view than you did before.

Cibao Networks Productive

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