Right now, aspiring young entrepreneures across Cambodia as emerging country and economic growth, are planning their paths to self-employed and business ownership. It is a journey that requires a lot of hard work, and around 20-30% end up failing. But if the idea survives, the rewards of entrepreneurship are well worth the obstacles they will face on the road to success and financial freedom.
If you think you’re ready to start your first business, here’s a step-by-step overview of what you need to do to make it happen.
- Find your WHY
- Research the market
- Identify strategic location
- Get required licenses
- Set-up your office/location to operate
- Soft launch
- Grant opening
- Mid/first year business review
Tips to find your WHY, you may start with brandstorming your idea and identify if you knowledgeable and passionate about the sector and business you would like to take off.
THEN, rely on your situation, you would decide to go another step:
- Build new brand or
- Franchising
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