Thinking about starting your own business ? You can follow the tips to start your own business.

Many individuals anticipating to strike gold from their latest undertaking, find themselves disappointed with the results. With little to no research, an unstable plan of action, and undefined expectations, a business is doomed to crack soon after the idea for it is hatched.

You need to follow the steps to start your own business:

1.Idea

If you have any idea,you can implement into your business startup.An idea can change the life,of course it can.Write down your ideas on the paper and discuss with your family,friends or life partner.If your idea is unique,it can really change your life converting into successful business.

2. Market Survey

Research the market where you are going to establish your business.Study the market and analyze it’s  demand.Enough market is available for you.If the market is demanding your product,service or idea,don’t wait to kick start your own business.

Ask few questions yourself:Is the market available to buy my product ?

Why they need to buy my product.How to promote my product etc.You’ll find the right solution asking these few questions to yourself.

3. Business Planning

Put together a business plan.Start with hope and passion.Start thinking on it.How much cost need to start it.How to enter in the market ? or how to form a firm etc. to start your own business.

4.Sufficient Finance:

Calculate your cost and arrange the sufficient finance for your startup.Understand the requirements.If you don’t have enough finance,you can lend from any financial institutions like bank or other funding agencies.

5. Start networking:

Networking is one of the best referral and identity of your business establishment.It doesn’t required money to join.Join business low cost business associations to awareness of your business.

6. Build your initial  Infrastructure:

Build your own infrastructure for your business.It’s depend upon your business nature.For i.e if you want to run your online business,you need a computer,an internet connection and website and office but you can run your online business from your home.

7.Legal Documentation:

It’s also depend upon your business.Some business doesn’t need any legal documents like insurance,Licensing or permits in starting stage.But if you want to know more about licensing, or permits ,you can contact with your local governing body.

Final thoughts:

Above said points are key aspects in any business.If you have any other idea or comment on the topic,pl. don’t forget to write in the comment box.

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This is our first post on Younghabits with the topic Young Achievers.I am going to cover the story of “Sergey Brin” the co-founder of Google.

Name: Sergey Brin

Born: 21st August 1973

Birthplace:Moscow,Russia.

Sergey Brin was born in Moscow,in the Soviet Union, the son of Michael Brin and Eugenia Brin.His father is a Mathematics professor at the University of Maryland and his mother is a research scientist at NASA’s  Goddard Space Flight Center.

Brin immigrated to the US at age of six.He attended grade school at Paint Branch Montessori School in Adelphi,Maryland,but he received his further education at home.His father is mathematics professor,nurtered his interest in mathematics and his family helped him.Brin enrolled in

University of Maryland,College Park to study computer science and mathematics after having attended High School.He received his Bachelor in Science degree in May 1993 with honors.

Brin began his graduate study in Computer Science at Stanford University on a graduate fellowship from the National Science foundation.In 1993,he interned at Wolfram Research,makers of Mathematica.

Turning point of Life:

He met Larry Page during an orientation for new students at Stanford University.Soon they get closer with each other and share the ideas.Brin’s focus was on developing data mining system.

They combined their ideas,and crammed their dormitory with cheap computers and tested their search engine’s design on the web.Their project grew quickly.They realized they had succeeded in creating superb search engine for searching the web and soon they suspended their PhD studies to focus more on their Project.

Sergey and Larry joined hands together to soliciting the funds from faculties members,family and friends.They buy some servers and rent the famous garage in Menlo Park.

The story started about Google Inc.

Personal Life:

Brin Married in may 2007 with Anne Wojciciki in the Bahamas.She is Biotech analyst,graduate of Yele University with B.S in biology.She has an active interest in health information, and working together she and Brin are developing new ways to improve access to it.Sergey Brin has an estimated wealth of $16 billion

Awards:

Brin has been the recipient of many honors. He was a featured speaker at the World Economic Forum and the Technology, Entertainment and Design Conference. In 2004, he and Page were named Marconi Fellows. PC Magazine has praised Google in the Top 100 Web Sites and Search Engines (1998) and awarded Google the Technical Excellence Award, for Innovation in Web Application Development in 1999. In 2000, Google earned a Webby Award, a People’s Voice Award for technical achievement, and in 2001, was awarded Outstanding Search Service, Best Image Search Engine, Best Design, Most Webmaster Friendly Search Engine, and Best Search Feature at the Search Engine Watch Awards.

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