Planning on starting any business?

[Lida93]

A business idea without proper management plan is one that can be considered to be dead on arrival. Business success revolves around excellent management plan first before capital size. With a large capital chunk into any business that's lacking in proper planning, such business can inevitably collapse, turning into a wasted investment.

In starting up a business there are so many things to be considered and most importantly a good business plan should be set up to follow up as a guide and it's a step to taking that business to the next level, then you can go on with raising some capital from different sources and so on. But basically the success of every business depends on the mode of management and planning which is why all of this should be top priority in starting any business.

Every successful business comes from a careful and insightful planning. If you think you have never done that but just rush into building up a business, even with a sufficient amount of capital, that business will never work in the long run.

It may only prosper at the beginning, but when big trials and difficulties hit the business, the shield may not be that strong and confident, leaving your funds go into waste because you skip the most basic part in having a business, that is making a thorough research and careful planning.

The reasons why it's necessary to deploy experienced hands with a good management team plan in any business no matter the size is because of the events of such inevitable occurrences that comes as challenging to the existence of the business. When you plan well, it makes activities well organized and smooth to carry out instead of spontaneous reactions that one isn't with a hindsight of possible outcome. It's not mainly about the size of the capital even though it's also an advantage to have good sizeable capital at hand.

[knowngunman]

Just a nugget.

A business idea without proper management plan is one that can be considered to be dead on arrival. Business success revolves around excellent management plan first before capital size. With a large capital chunk into any business that's lacking in proper planning, such business can inevitably collapse, turning into a wasted investment.

But on account of proper management structure on ground with even the small size of capital, it can be sustaining to such business's success in the long ... Experience should be considered as a key asset in business planning and as a key factor it's important to always involve those with experience in the area of business when planning. Never neglect this!

But on a serious note, is there anyone that wake up and jump into a business without planning and expect to be successful? A successful business is all about proper management and proper management require planning. Capital is one element of business but it's not the major element because you can positively start some business without a capital. We've seen a numbers of businesses collapsed after investing huge capital simply due to lack of management. This tells that management is the root of every business they are being built upon. And mind you, management comes from planning before and during the process of establishment.

[Ishicryptic]

Just a nugget.

A business idea without proper management plan is one that can be considered to be dead on arrival. Business success revolves around excellent management plan first before capital size. With a large capital chunk into any business that's lacking in proper planning, such business can inevitably collapse, turning into a wasted investment.

But on account of proper management structure on ground with even the small size of capital, it can be sustaining to such business's success in the long ... Experience should be considered as a key asset in business planning and as a key factor it's important to always involve those with experience in the area of business when planning. Never neglect this!

Money don't come first in starting a business, without proper management plan the person can misuse the fund on aspects that are not important, it is easy to lose everything and not recover because they won't make profits. A business should start from idea or vision then the main stage which is planing, if you get it right in planing you can have a successful business, if not the business can flop. Having a business or management plan on ground before putting money into it is very important, it includes doing feasibility study, knowing your target customers and what your turnover can be in a given period. Don't jump into a business because you heard that it is profitable, do your own research and know if you have the capability to do it, that is part of the planing.

[tottong]

A business idea without proper management plan is one that can be considered to be dead on arrival. Business success revolves around excellent management plan first before capital size. With a large capital chunk into any business that's lacking in proper planning, such business can inevitably collapse, turning into a wasted investment.

Business is not easy to run but it is much more difficult if someone does not have capital, I often talk about business with friends and there may be many reasons that make us unable to realize it.
Some people say they don't have the right plan and others say they don't have capital.
When it comes to someone who doesn't have a lot of capital to build a business, we can refer to some people who start with small capital to develop a business.
Of course not everyone can succeed in the practice they do, but everyone has the opportunity to achieve success if they do it seriously.

At a certain stage we have to move to start based on knowledge and experience so that whatever business we build can reach a better stage and in that way people can make a business grow slowly rather than forcing it quickly.

[summonerrk]

Just a nugget.

A business idea without proper management plan is one that can be considered to be dead on arrival. Business success revolves around excellent management plan first before capital size. With a large capital chunk into any business that's lacking in proper planning, such business can inevitably collapse, turning into a wasted investment.

But on account of proper management structure on ground with even the small size of capital, it can be sustaining to such business's success in the long ... Experience should be considered as a key asset in business planning and as a key factor it's important to always involve those with experience in the area of business when planning. Never neglect this!

Money don't come first in starting a business, without proper management plan the person can misuse the fund on aspects that are not important, it is easy to lose everything and not recover because they won't make profits. A business should start from idea or vision then the main stage which is planing, if you get it right in planing you can have a successful business, if not the business can flop. Having a business or management plan on ground before putting money into it is very important, it includes doing feasibility study, knowing your target customers and what your turnover can be in a given period. Don't jump into a business because you heard that it is profitable, do your own research and know if you have the capability to do it, that is part of the planing.

I believe that money is the most important thing in business, from the beginning: investments in premises and personnel, as well as equipment, and ending with earnings and profitability of the resulting business itself. Sometimes there are startups that start with large financing, and they quickly adapt to all the difficulties and sudden problems, because with a large budget you can find a specialist in any field in a minute. From a lawyer to an operational director. Sometimes, if you analyze and plan for too long, then in the end you may not launch a business at all.
Although, without a doubt, a balance of everything is desirable: both money and planning.

[Republikcoin.com]

...

Business is not easy to run but it is much more difficult if someone does not have capital, I often talk about business with friends and there may be many reasons that make us unable to realize it.
Some people say they don't have the right plan and others say they don't have capital.
When it comes to someone who doesn't have a lot of capital to build a business, we can refer to some people who start with small capital to develop a business.
Of course not everyone can succeed in the practice they do, but everyone has the opportunity to achieve success if they do it seriously.

At a certain stage we have to move to start based on knowledge and experience so that whatever business we build can reach a better stage and in that way people can make a business grow slowly rather than forcing it quickly.

In terms of doing business, there really should be no coercion when we do not have a large capital because if there is coercion in terms of capital, it can also burden ourselves in building a bigger business because some people that I see around me they take out loans from certain parties to use it as business capital which will eventually make them dizzy in paying off the loan every month. So in this case it is better as you said where we can start it with the existing capital even though it is small, but if that amount is enough to make the business run, of course it will be good enough to be implemented according to its own plan.