It is true that the cost of starting a business varies by employer. However – no matter what costs you incur – you will likely need to obtain start-up financing from one of these sources:
-Friends and family.
-Owners of capital.
If you don’t get the right amount of funding, or you can’t raise money for your business, you risk not being able to pay your operating costs; This may cause the project to shut down.
In fact, it is estimated that 29% of startups fail because they run out of money, and could not continue to cover their operating costs.
Accordingly, to make sure you get the right amount, you’ll need to estimate your costs and cash flow, including the interest rates on your loans.
What is successful project management?
It is the use of specific knowledge, skills, tools and techniques, to deliver something of value to people.
Examples of successful project management include: developing software to improve a business process, including establishing a building, relief efforts after a natural disaster, and expanding sales into a new geographic market.
Project management is the application of knowledge, skills, tools, and technical methods to the activities of the project.
This ensures that you achieve the project’s requirements and objectives, and related to several things and functions; Including: planning, implementation, monitoring and control…etc.
There is no doubt that the main factor that distinguishes project management from mere “management” is that it has an end product and a limited period of time.
Unlike management which is a continuous process; For this reason, a project management professional needs a wide range of skills; Which are mostly technical skills, certainly people management skills, and a good business awareness.
What are the advantages of promoting my project on Facebook?
One of the most important features of Facebook promotion is the ability to target your exact audience. Through advertising on Facebook, you can set up your ad targeting according to the basic criteria; For example: age, gender, but you may be more specific than that, when you know exactly who your ideal customers are, and who are not.
For example: you could make your ads appear on the timelines of people with upcoming anniversaries, or make sure they don’t show up to people who liked your Facebook Page; So you don’t waste money.
Moreover, you can target people based on their location; Which means focusing on the people close to you; This is especially useful if you have a physical store, and also excludes people you see too far away.