How to start a business and make 1 million in three years

Earning 1 million in three years is not a very high goal, and it is not very difficult to achieve.

Step 1: Target disassembly. 1 million can be dismantled into , the first year is considered a pathfinder, so the threshold does not need to be set very high.

The second step is to set the direction and choose the industry. With a goal, it is necessary to choose an industry, and the choice of industry needs to be cautious, once selected, it is best to go deeper. Don't change industries easily, industry accumulation is very important for a career.

How to choose an industry? First of all, consider whether you are interested in this industry, whether you love it, if you love it, you can stick to it for a long time. Secondly, consider the future development space, trends and market capacity of this industry.

A sunrise industry is worth entering, and the sunset industry should not enter, and it may not be possible to do it for a long time. Finally, it's all about profit margins, the degree of competition, and so on. Don't be too greedy, I think the gross profit is less than 20%, and the net profit is 10% of the industry is already good, and there should be more such industries.

The higher the profit industry, you need to have a higher ability to control.

Step 3 Business Plan. Once you've chosen an industry, it's time to create a business plan. No matter how small a business is, you have to have a business plan, and the business plan needs to think clearly about the following three questions:

How to make money? How much can you earn? What was the cash flow like in the first year?

The last question is important and determines how much capital you have to start with, how long it will take to break the flow of money, etc.

Step 4 Progressive implementation. Once you have a business plan, you can start putting it into action, executing it step by step as originally designed. Do a good job in product, customer service, marketing and promotion, monthly statistics, statistics on sales, promotion effect, and develop solutions on how to optimize.

Step 5 When you live normally, you should consider how to develop. When the revenue is stable, consider how to develop, and it is possible to go upstream of the industrial chain to improve profit margins.

Step 6 No matter how big it is, it is a bigger dream, and those things about franchise and listing will not be said.

Different industries have different practices, and the above is a traditional project approach that is suitable for most people. The approach of Internet projects and financial projects is completely different.

However, I support projects that are grounded and don't always think that you can get to the top with financing.

1 million start-ups, how to make a profit in a year.

1. Investment risk.

After all, 1 million is not a small amount, so before and during the investment process, investors must be able to invest in risks in a timely manner, and be able to determine the occurrence time and causes of force majeure according to market trends.

2. Assess your own risk tolerance.

If you can really get the market risk, then you must assess whether you can avoid this risk, if you can't avoid it, then what is the range of your minimum tolerance for this risk, and how much money you can allow yourself to lose, these must be a number in your heart.

3. Rational investment in stages.

If you want to maximize your own interests and obtain higher benefits, then the most reliable and safe way is to invest rationally in stages, and take your own costs as several parts, and each part should be given a fraction.

4. Avoid risks as much as possible.

If you have the ability to avoid risks, you must actively avoid risks, of course, if not, then you must be prepared to take risks, so that your mentality becomes stronger.

5. Seize market opportunities.

In many cases, whether you can get a lot of profits, in fact, only at the moment when the market opportunity appears, many investors do not have the development vision to look for market opportunities, so it still depends on luck and coincidence.

The investment market is full of uncertainty, and the higher the investment cost, the greater the risk may be, of course, if the profit is obtained, it may be double or even multiple, but there must be a right mindset between success and failure to face this process.