The first thing you should do is draw up a business plan.
To complete your business plan, you’ll need to thoroughly research your industry and your product. A good place to start would be contacting the Health Products Association of Southern Africa, the industry association in your sector.
Other things to consider include:
- Do you know who your suppliers will be?
- Your distribution channels?
- Who is your competition?
- Do you have a point of difference that will set you apart from the crowd?
When it comes to finance a good place to start is the small business division of your bank.
They will be able to steer you in the right direction and give you sound financial advice.