TIPS: How to set up a private organization or business that will earn money

Hey guys,  Today am going to share with you  another great article which is going to based on “how to setup a private organization and business.

Firstly, what is a private organization? A private organization is a kind of organization in which an individual setup a personal organization on his own with aim of making some income/ interest from it.

Now, down to business. How can a private organization be a successful one.

What you need?

1)      A preferred name for your organization

2)      Type of business you want to setup

3)      Aims and  Objectives of the business

4)      Location for the setup

With the above criteria been provided, then  you are goods to go.

1)      The most important  thing for an organization to be a successful one is for that special organization to have a standard name and funny tagline. Though some organization use to have a hilarious tagline/motto but still they are not been patronized. The reason is that, some organization use to select a name in which the selected name will not tally with their tagline. For example, someone building a Technology  organization with a name  HEROES RESEARCH KONCEPT and be using a tagline like ACADEMICS IS OUR NATURE. Can you now see what am talking about, the selected name does not tally with the tagline in which people will not  understand what  such organization is trying to pass across.

So, before one can  create a private organization, one must think widely on which name and tagline that will suite such organization. E.g when creating  a organization based on technology. Like HEROES TECH KONCEPT.  The tagline must be a kind of one that will relating to it. E.g. Innovation is our watch world. Or Technology is our nature.

 So can you now see that from the view of it, both the name and the tagline are suitable.

2)      Secondly, one must think fervently on the kind of business to setup. you must think of your knowledge, your finance and the necessity before creating a private organization. Meaning the business you are about to setup must be based on your knowledge. And secondly you plan and budget on your finance in order for you not to go into debt after the creation of the organization. And one must also have an intelligent working team which will help in advising and encouraging the business owner in order not be duped or fall into hands.

3)      Thirdly, one must have aims and objectives for creating a private organization. For instance, maybe one wants to contribute positively to the community, to decrease the level of unemployment in such community, or to bring in new idea to such community. Maybe in that community they don’t have a pure water company in which you think will be new and genuine to them, then you decide to bring in the new idea.  And with time you would see your business booming and your aims and objective will be fulfilled and you will start making it.

4)      Lastly, one must look for a good and suitable area for the business setup. Meaning you look for an area which will be suitable for business you want to setup, not that you will just buy a land and start building and setting up a business, you must investigate properly on the land you want to buy maybe it will be of profit or loss before paying for the land or even planning to setup a business on the land.  

In conclusion, having known all the above criteria, you have now been enlightened on how and ways to setup a private organization. And also all the necessity to setup a private organization. 

Article by : BILAWU AYOYINKA (HERO)