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Part 1: Writing a Business Plan for Your First Business

Hi, I'm Hari, a student in Grade 11.  This post is the first in a series of 9 posts.  If you have taken the time to click on this post, I take it that you are here to learn how to write a business plan for your first business. I am not going to disappoint you! I'll assume that you are a complete beginner with no knowledge about how to write such documents. Just so you know, a  business plan is written to help entrepreneurs plan for the future of their business.  Together, we will go through how to write a successful business plan, and I will also show you the one I made for my business, The iKeme Store . What is a Business Plan? A business plan is a formal document that points out the financial objectives and operations of a business.  Mind you, I used the word  formal , not  legal . It is perfectly legal to run a business without a business plan. However, running a business without a plan is like driving without deciding an end destination.  You ...
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Why it is Important to Know a Programming Language.

You may have come across the term programming (or its synonyms) in many situations. If you haven’t, here’s a brief definition: Computer programming is done when a computer is given a set of instructions to perform a set task. Sounds too technical? Simply put, programming is a way for humans to make computers do specific tasks, and to facilitate this communication, the human must know programming languages.   Why Programming Languages? A programming language is in many senses similar to a regular language: it follows some core guidelines and syntaxes, and has sets of vocabulary and pronunciation that are unique to the language. Why is it important to know at least one programming language? Think of it this way. Programming languages are used to communicate very specific instructions to a computer, and this translates to whether the computer does the intended task, or decides to conquer all of humanity. This amount of responsibility also cultivates a sense of problem solving and crit...

A Journey from High School to College to the Corporate World

If you are reading this post, I believe you are standing on the crossroads of your future. The roads are marked: one way, the one laden with thorns, leads to success, another, a lush path of grass, to pain and the final, a freshly tarred road, towards dissatisfaction. How will you choose which path to take? Let me show you how you can select the right path and secure your future. Planning Backwards – What’s your Ambition? 10 years down the line, what do you see yourself as? A doctor? An entrepreneur? A DJ? Remember, you must focus on always doing something you love doing. For example, I love computer science and entrepreneurship, and see myself as the owner of a large tech tycoon. So, now that I have an idea of what I want to become, I will begin planning the journey towards that goal. This phase is called planning backwards. Here’s how to do it: NOTE: It is recommended that you proceed only if you have yourself an ambition. Only then will you able to ideally implement the following st...

What are the Most Important Entrepreneur Skills?

 Being an entrepreneur in this changing world isn’t simple, it requires hard-work and determination. Not everyone has entrepreneur skills, but they can definitely learn it. In this article you will find the skills entrepreneurs poses, and the ways in which acquiring these skills will benefit you! Entrepreneurship is the skill that is extremely valuable to students in this changing world of education and competition.  How do they benefit YOU? Entrepreneurs possess a wide range of skills that help them overcome hurdles in life.  They employ the best strategies to curb the threats, if any. These are the Most Important Entrepreneur Skills: Communication skills Risk-taking ability Leadership skills Hardworking and committed Believer of their vision of the future Innovative/creativity skills How does each of the above skill benefit you as a student? Communication Skills It is very important for a person to be able to communicate their thoughts in a way that another person can u...

Part 9: The End? Key Takeaways and Experiences from this Project

Hello guys, welcome to a different type of post. Instead of boring you with information and knowledge, I will be sharing something different with you. If you are the sort of person who reads a book from the beginning, read from here . In the final post of this series, I will be sharing with you the experiences I had from my business project, The iKeme Store. First Things First Before getting to that, I want to share something I learnt from this journey: Never get disheartened if your business does not generate profits the way you expected it to. Always look at the bright side: the experiences you gained, the skills you learnt, the people you interacted with, etc. Why My Business Closed Down Before getting into that, I'd like you to know that this project spanned 2 months of effort and preparation. The iKeme Store ran for a total of 4 weeks, after which it came to a halt. There were two reasons for the closure of my business: one was my loss of interest, and the other was COVID. One...

Part 8: Did Your Start-Up Fail? Here's Why

Hey there! Welcome back to another post. I am Hari, your guide to lead your business to success. (A creative intro! Finally!) We have reached the eighth post in this series of nine posts. If this is the first post you are reading, I would advise you to start at this post . In today's post, we will look at the possible reasons why your business might have failed and see how you can recover from them. Without wasting any more time, let's get straight into it. After Everything I Did Right, Why did I Fail? There are many reasons why your business could have failed. Maybe the market did not favour you, or there was a crisis in your region of operation. I will shed more light on some reasons why your business might have failed and how you could recuperate from them. Lack of Instinct This is often a problem for new entrepreneurs. They are not experienced enough to have the foresight and instinct that experienced businessmen possess. You are not to be blamed because your first business...

Part 7: Pushing Sales and Advertising

Hey there! I'm Hari, and I'm back with another useful post for you. In this post, we will be focusing on how you can push your sales and advertise to keep your business operational. I would love to think that you were following this blog until here and were able to start your business. (If not, start here .) So, What's the Deal with Advertising? Like I said on multiple occasions, advertising is the key to spreading awareness of your business and products to people. Good advertising will improve your sales, whereas poor advertising would spoil your brand. Therefore you need to strike balance between the two extremes: not too good, not too bad.  Timing also plays a very crucial role in successful advertising. If you advertise your product infrequently, people could forget your product even exists because you are not a very big business. Yet. So daily or weekly advertising would do you good because people are constantly reminded that you still exist. There are upsides and down...

Part 6: Official Opening and Initial Sales

Hello there! I'm Hari, a business student in grade 11 (I agree that I am running out of creative introductions... help !) If you have followed the blog till this post, you are ready to officially open your business. Yay! Confetti! If you haven't, begin here . But - there's always the big ' but ' - here are some things you need to remember before and when you are opening your business. This short post will discuss the same with you. Plan for the Big Day As you might have noticed, the entire process of starting a business relies on rigorous planning. So, needless to say, you need a plan for the opening day of your business too . Now, unlike conventional planning, this one requires a different approach, a different focus. Your primary aim is to maximise initial sales by attracting a large number of people. Now, there isn't a "most effective way" to do this, but I will surely list out the different approaches you can take. Build Hype If you aren't awar...