Educons University
Faculty of Applied Security
Sremska Kamenica
How to Start Your Own Business
Mentor: Gordana Vladisavljević
Siniša Aleksić
PB 36/2015
2
Sremska Mitrovica
December, 2017
Content
Introduction……………………………………………………………………….. 3
Business Idea……………………………………………………………………….4
Building a Team and Advertising…………………………………………………. 6
Growing Our Business……………………………………………………………...7
Conclusion………………………………………………………………………….8
References………………………………………………………………………….9
4
Every year, a lot of people across the world take a leap of faith and start their own business.
This path requires a lot of hard work, and many end up failing. But for those who survive, the
rewards of entrepreneurship are well worth the obstacles they face on the road to success.
Every new business starts with an idea. Maybe there is something we are really
knowledgeable and passionate about, or perhaps we think we have found a way to fill a gap
in the marketplace. Wherever our interests lie, it is almost guaranteed that there is a way to
turn it into a business.
Once we have narrowed our list of ideas down to one or two, we need to do a quick search
for existing companies in our chosen industry. After that, we should learn what the
current brand leaders are doing and figure out how we can do it better. If we think our
business can deliver something other companies don't (or deliver the same thing, but faster
and cheaper), we have got a solid idea and are ready to create a business plan.
Once we have our idea in place, there are a few important questions we need to ask
ourselves. What is the purpose of our business? Who are we selling to? What are our end
goals? How will we finance your startup costs? All of these questions can be answered in a
well-written business plan.
A business plan helps us figure out where our company is going, how it will overcome any
potential difficulties, and what we need to sustain it.
