1. Take the time to know yourself beforehand

Before you even begin to work out your business plan, it is important that you engage in a period of self reflection.

You should also get to know where your interests and passions lie. This will alert you to the type of business which you should start.

2.Be sure that this is what you really want to do

Read more: Manage your business risks

This will make it easier to deal with the vast multitude of challenges which will come your way as you set up and operate your new business.

3. Pursue business ventures that are value adding

According to Collen Banda, owner of Netcom Marketing, people want to spend their money on valuable things. For this reason, it is important to  ensure that the goods which  you produce or the services which  you provide enrich  your clients’ lives in some way.

4. If you have an idea which you strongly believe in, be confident and go for it, never hesitate to start

5.Be disciplined, committed and focused

To have a successful business you must be willing to endure many sleepless nights and willing to change your lifestyle to suite the needs of your business.

Read more: Quinton Coetzee’s 10 pointers to business success

6.Have an open mind, seek opportunities, research the niche you want to be in and study your target market

This information was provided by Collen Banda owner of Netcom Marketing.