How to start my own business

Project

Project: Is the work of an individual or group of individuals named (company or organization),

which they plan to achieve its goal, organize efforts to work on it efficiently, and use all

available and allocated resources for the project, such as financial resources, for satisfactory

results.

Volume 0%

The project is also defined as: the ability to do something, in an innovative manner, in

accordance with a careful plan, and an extensive economic feasibility study, usually starting

from an idea, which is deliberated and discussed for implementation, postponement or choice

of an alternative idea.

The most widespread types of business-related projects, aimed at providing a particular

commodity, or service for profit, are likely to be studied after examining the needs of the

market people, and the higher the profit ratio, the better the project is developed, the better

the project may be to carry out humanitarian work, such as providing assistance to poor

families, or to provide treatment costs to those who do not have the financial capacity, and

whatever the type of project must provide all the means available to maintain its success on a

permanent and continuous basis.

In order to start a special project, you need to recognize the basic steps of working on the

project to achieve its goal and thus its success.

Choosing the idea of the project: The idea of the project must be, somewhat new, and
aims to provide useful services to others, and to have positive results for the
entrepreneur, and be ready for application on the ground, and implementable after the
completion of the remaining steps and elements of work on the project.
The economic feasibility study of the project: The work on the preparation of an
economic feasibility study for the project, contributes to the formation of a vision, the
extent of its success, its polarization of the market in which it will be presented, and the
knowledge of the revenues to be achieved through it, and in this step determines either
to continue to work on the idea of the project, or to choose the idea of another project,
which is of better economic feasibility.

Availability of financial resources: In order to work on a project, there must be
sufficient capital to cover the entire project needs, from providing production elements,
staff, where the project will be established, and determining and calculating the amount
of costs to be spent to implement it.

Start implementation of the project: When the previous steps are successfully achieved,
work begins on the implementation of the project, by following the plan designed for it,
and paying the costs allocated to work on it, in accordance with the pre-prepared
financial arrangement, and this phase is carried out by supervision, guidance, and
organization of all available resources, in order to reach the completion of the project in
full according to the specified date.
Completion of work on the project: After the implementation of the project in full, the
project is presented to its target group, to assess its success, and to work to correct any
obstacles that may arise suddenly, which were not planned or presented during the
feasibility study, in order to ensure the success of the project, and its continuity efficiently and effectively.