[AKyung Hit Product] "What You Need to Know Before Starting a Business" Advice from a Young Entrepreneur

NPage '6 Ways to Grow Your Money Bowl'

[Asia Economy Reporter Seomibeum] The author of "6 Ways to Grow Your Money Pot" is a young entrepreneur who has successfully established twenty-five stores, starting from a clothing store in front of a university, to an online clothing shopping mall, a fried chicken restaurant, a large family restaurant with 600 pyeong, a gopchang specialty restaurant, a pork stew specialty restaurant, a Korean beef meat restaurant, a snack bar, Jojo Kalguksu, and a meat processing company.

Contrary to the perception of those who think running a business is easy, he says opening a store is like starting a company. He points out, "No matter how small the store is, areas related to management such as planning, sales, marketing, human resources, finance, and labor are absolutely necessary," and adds, "If the business owner is not properly prepared, they will inevitably be dragged around by outsourcing companies."

The key is not to think only about 'after success' but to consider the 'process to succeed.' The author advises reflecting on yourself before starting a business by posing five questions. First, why should you quit your job and start a business? Second, why must you do it now? Third, why must it be at this location? Fourth, why must it be this item? Fifth, do you have the confidence to be in the top 5 out of 1,000 stores? The author says that only when you can answer these questions do you earn the qualification to run a business and introduces ways to grow the money pot that holds success.

6 Ways to Grow Your Money Pot | Written by Kim Seunghyun | 224 pages | NPage | 15,000 KRW