Some things to consider before starting a business

[theunbeatable]

Well I just want to share some information regarding on how to start a business because as we can see, we are all want to have a stable business and we want to be a very good entrepreneur someday because if we're just working and working to earn money then if we can't work anymore we won't be able to sustain our needs anymore. I think this is worth reading especially those who are planning to build an ICO or a project. I've got this from my professor on college :

NOTE-REFERENCES :  Webster’s College Dictionary (Random House/McGraw Hill)
What is an Entrepreneur?
Entrepreneur: A person who organizes and manages an enterprise, especially a business, usually with considerable initiative and risk.
Initiative: Readiness and ability in initiating action.
Risk: The hazard or chance of loss.

NOTE-REFERENCES : The Portable MBA in Entrepreneurship, 2nd Ed.; William D. Bygrave, Editor. John Wiley and Sons Publishers, 1997.
What Does it Take to Be Successful?

• “In entrepreneurship, luck is where preparation and opportunity meet.”

• “The idea is not what is important. In entrepreneurship; ideas are a dime a dozen. Developing the idea, implementing it, and building a successful business are the important things.”

• “Would-be entrepreneurs who are unable to name customers are not ready to start a business. They have only found an idea and have not yet identified a market need.”

• Somehow, someday… you are going to have to earn POSITIVE CASH FLOW. You need more than a revenue model (but you do need that). You need a VALUE model.
  

• Market share is great, but you can’t pay bills with it.
  

• You can do some financially stupid things to build market share.
  

Where Do You Start?
Think about WHO is going to want your product/service, what they will PAY for it, what you will NEED to carry it off, and how you will MAKE MONEY someday. That is, make a PLAN.

Success depends on
positive cash flow, growth,
 and value creation.

   Owners and investors who forget that tend to get “naturally deselected.”

The Importance of Value Creation

• A successful business is one that delivers value to its customers and creates value for its owners.

Value is delivered to your customers when you do something for them
Better
Cheaper
Faster
Cooler
Different
However, it is likely that none of these will work for long, so continuous improvement and innovation are essential.

Value is created for the owners when:
-You do more with their money than they could do with it themselves
-You invest in productive activities that earn rates of return greater than their risk-adjusted costs of capital.
-The present value of future cash flows exceeds the startup costs.

Value is created by:
-Exploiting proprietary physical resources
-Possessing proprietary knowledge or expertise
-Creating a new or improved product, process, or service
-Staying ahead of the competition through constant improvement and innovation
   
Planning for Success

-Don’t plan a business for today – Plan it for at least a year from now.
-Moore’s Law: Computing power will roughly double every 18 months.
-Bandwidth will continue to increase for most users almost ad infinitum.
-People will live longer and maintain active lifestyles far after retirement.
-Energy sources and consumption patterns will change drastically.
-The world will continue to be a very dangerous place.

How To Not Get Funded


-Have a half-baked idea
-Have a meatless business plan
-Can’t articulate your value proposition
-Can’t identify your market potential
-Can’t justify your sales projections
-Can’t show your investors an exit
-Can’t show your investors a reasonable expectation of a reasonable return on investment
-Don’t think about risk
-Take no risk yourself
-Don’t take time to do your homework
-Try to fund a “lifestyle” venture

Funding Your Venture

-The hardest funding to raise is the first funding. You are probably on your own.
-Later funding gets progressively easier depending on the results you can show to investors and what you need to fund.
-BANKS are probably not going to help.
-The best funding is INTERNAL funding (reinvested earnings).
-PRIVATE EQUITY is the current buzzword for the major capital source for business ventures.
Closing thoughts

picture source :https://wealthygorilla.com/23-wise-warren-buffett-quotes-on-success/

[1715667234]

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[Loope]

Well I just want to share some information regarding on how to start a business because as we can see, we are all want to have a stable business and we want to be a very good entrepreneur someday because if we're just working and working to earn money then if we can't work anymore we won't be able to sustain our needs anymore. I think this is worth reading especially those who are planning to build an ICO or a project. I've got this from my professor on college :

NOTE-REFERENCES :  Webster’s College Dictionary (Random House/McGraw Hill)
What is an Entrepreneur?
Entrepreneur: A person who organizes and manages an enterprise, especially a business, usually with considerable initiative and risk.
Initiative: Readiness and ability in initiating action.
Risk: The hazard or chance of loss.

NOTE-REFERENCES : The Portable MBA in Entrepreneurship, 2nd Ed.; William D. Bygrave, Editor. John Wiley and Sons Publishers, 1997.
What Does it Take to Be Successful?

• “In entrepreneurship, luck is where preparation and opportunity meet.”

• “The idea is not what is important. In entrepreneurship; ideas are a dime a dozen. Developing the idea, implementing it, and building a successful business are the important things.”

• “Would-be entrepreneurs who are unable to name customers are not ready to start a business. They have only found an idea and have not yet identified a market need.”

• Somehow, someday… you are going to have to earn POSITIVE CASH FLOW. You need more than a revenue model (but you do need that). You need a VALUE model.
  

• Market share is great, but you can’t pay bills with it.
  

• You can do some financially stupid things to build market share.
  

Where Do You Start?
Think about WHO is going to want your product/service, what they will PAY for it, what you will NEED to carry it off, and how you will MAKE MONEY someday. That is, make a PLAN.

Success depends on
positive cash flow, growth,
 and value creation.

   Owners and investors who forget that tend to get “naturally deselected.”

The Importance of Value Creation

• A successful business is one that delivers value to its customers and creates value for its owners.

Value is delivered to your customers when you do something for them
Better
Cheaper
Faster
Cooler
Different
However, it is likely that none of these will work for long, so continuous improvement and innovation are essential.

Value is created for the owners when:
-You do more with their money than they could do with it themselves
-You invest in productive activities that earn rates of return greater than their risk-adjusted costs of capital.
-The present value of future cash flows exceeds the startup costs.

Value is created by:
-Exploiting proprietary physical resources
-Possessing proprietary knowledge or expertise
-Creating a new or improved product, process, or service
-Staying ahead of the competition through constant improvement and innovation
   
Planning for Success

-Don’t plan a business for today – Plan it for at least a year from now.
-Moore’s Law: Computing power will roughly double every 18 months.
-Bandwidth will continue to increase for most users almost ad infinitum.
-People will live longer and maintain active lifestyles far after retirement.
-Energy sources and consumption patterns will change drastically.
-The world will continue to be a very dangerous place.

How To Not Get Funded


-Have a half-baked idea
-Have a meatless business plan
-Can’t articulate your value proposition
-Can’t identify your market potential
-Can’t justify your sales projections
-Can’t show your investors an exit
-Can’t show your investors a reasonable expectation of a reasonable return on investment
-Don’t think about risk
-Take no risk yourself
-Don’t take time to do your homework
-Try to fund a “lifestyle” venture

Funding Your Venture

-The hardest funding to raise is the first funding. You are probably on your own.
-Later funding gets progressively easier depending on the results you can show to investors and what you need to fund.
-BANKS are probably not going to help.
-The best funding is INTERNAL funding (reinvested earnings).
-PRIVATE EQUITY is the current buzzword for the major capital source for business ventures.
Closing thoughts

picture source :https://wealthygorilla.com/23-wise-warren-buffett-quotes-on-success/

For me, if  you are planning to build up a business even if its big or small be sure that you have a capital that support your to your business. secondly you have a knowledge on how to manage an effective business, therefore you are hard working not during there is costumer but also when there is no.Thirdly you are willing to accept all attitude of your costumer probably there are some costumer that boastful sometimes in that point you are also open-minded for that particular case. thanks.

[SushiMonster]

Thank you! I've been reading a lot of articles about how to start a business because I really want to start one.
I have a stable job but I want to have my own business as well.
This is very informative.

[basyang]

Thank you! I've been reading a lot of articles about how to start a business because I really want to start one.
I have a stable job but I want to have my own business as well.
This is very informative.

     Its good to you to think to have a new business even though you have a stable job, just consider somethings before you build a business as like as do some research to want demand business today or make a your hobby a business, if you love to baked then start a bakeshop or online shop. Nowadays, Online shop is more convenient business. I'm looking forward to the success of your business.

[theunbeatable]

Thank you! I've been reading a lot of articles about how to start a business because I really want to start one.
I have a stable job but I want to have my own business as well.
This is very informative.

That's why I've shared some words that I've got from my professors lecture. Well its not really what that can bring you up but this can bring you a glimpse and a thought of what will you do in order to start some business or a really valuable asset. Businesses ain't good to us nowadays because everyone want to start one and only few became really successful. It's still up to us on how we will make the climb.

[iamTom123]

Thank you! I've been reading a lot of articles about how to start a business because I really want to start one.
I have a stable job but I want to have my own business as well.
This is very informative.

That's why I've shared some words that I've got from my professors lecture. Well its not really what that can bring you up but this can bring you a glimpse and a thought of what will you do in order to start some business or a really valuable asset. Businesses ain't good to us nowadays because everyone want to start one and only few became really successful. It's still up to us on how we will make the climb.

Starting a business or becoming a certified entrepreneur is a big dream come true for many. There are many employees right now who are part of the rat race that are already tired of the stress, the long commute, the office politics and of course tired of their bosses and they want to one day be their own boss and be at the front seat.

Of course, getting into a business can be easier but the hardest thing is making the business thrive and flourish -- this is where we have to apply the entrepreneurial skills learned or just natural into the situation. One must be prepared for such a venture and one must be adept and be agile for any possible problems that can come anytime. Only around 1 in 5 start-ups would survive in a 5-year period and this is discouraging in the first place if one is not really prepared for the whole thing.

[Ewox]

This is actually a good read and very informative especially for those who wants to start a business. Honestly I also wanted to put up a business of my own but I'm trying to read some articles and information about starting a business. You can't just wake up one day and say I'll withdraw money from the bank to start a business today, of course it needs to be premeditated at first.

[speedy963]

This is actually a good read and very informative especially for those who wants to start a business. Honestly I also wanted to put up a business of my own but I'm trying to read some articles and information about starting a business. You can't just wake up one day and say I'll withdraw money from the bank to start a business today, of course it needs to be premeditated at first.

For some businessman they consider the needs of customers unlike any other businesses that always thinks about their gains or income. It is pretty innovative to conduct surveys at the crowd and to what people mostly like, because in some point we cannot ignore the so called market competition that has always been in the economy, so before you should start business you need to be a little wiser.

[richkellj]

This is actually a good read and very informative especially for those who wants to start a business. Honestly I also wanted to put up a business of my own but I'm trying to read some articles and information about starting a business. You can't just wake up one day and say I'll withdraw money from the bank to start a business today, of course it needs to be premeditated at first.

For some businessman they consider the needs of customers unlike any other businesses that always thinks about their gains or income. It is pretty innovative to conduct surveys at the crowd and to what people mostly like, because in some point we cannot ignore the so called market competition that has always been in the economy, so before you should start business you need to be a little wiser.

They ultimate commodities that define the success of business are customers. No matter how big company you have and how beautiful packing you are making for your products, if they are of no use for customers, all is vain. Before starting a business you must understand your target audience and their psyche.  

[Altero]

The following things to consider before starting your business:
1.Location-must be accessible to most buyers
2.Kind of business-it could be demand by the community
3.Capital-is your capital could be enough to support the business you have planning to make
And the most important thing is you know how to run your business, work for it and less expenses if possible to be able
to gain more profit.

[loading...]

Well I just want to share some information regarding on how to start a business because as we can see, we are all want to have a stable business and we want to be a very good entrepreneur someday because if we're just working and working to earn money then if we can't work anymore we won't be able to sustain our needs anymore. I think this is worth reading especially those who are planning to build an ICO or a project. I've got this from my professor on college :

NOTE-REFERENCES :  Webster’s College Dictionary (Random House/McGraw Hill)
What is an Entrepreneur?
Entrepreneur: A person who organizes and manages an enterprise, especially a business, usually with considerable initiative and risk.
Initiative: Readiness and ability in initiating action.
Risk: The hazard or chance of loss.

NOTE-REFERENCES : The Portable MBA in Entrepreneurship, 2nd Ed.; William D. Bygrave, Editor. John Wiley and Sons Publishers, 1997.
What Does it Take to Be Successful?

• “In entrepreneurship, luck is where preparation and opportunity meet.”

• “The idea is not what is important. In entrepreneurship; ideas are a dime a dozen. Developing the idea, implementing it, and building a successful business are the important things.”

• “Would-be entrepreneurs who are unable to name customers are not ready to start a business. They have only found an idea and have not yet identified a market need.”

• Somehow, someday… you are going to have to earn POSITIVE CASH FLOW. You need more than a revenue model (but you do need that). You need a VALUE model.
  

• Market share is great, but you can’t pay bills with it.
  

• You can do some financially stupid things to build market share.
  

Where Do You Start?
Think about WHO is going to want your product/service, what they will PAY for it, what you will NEED to carry it off, and how you will MAKE MONEY someday. That is, make a PLAN.

Success depends on
positive cash flow, growth,
 and value creation.

   Owners and investors who forget that tend to get “naturally deselected.”

The Importance of Value Creation

• A successful business is one that delivers value to its customers and creates value for its owners.

Value is delivered to your customers when you do something for them
Better
Cheaper
Faster
Cooler
Different
However, it is likely that none of these will work for long, so continuous improvement and innovation are essential.

Value is created for the owners when:
-You do more with their money than they could do with it themselves
-You invest in productive activities that earn rates of return greater than their risk-adjusted costs of capital.
-The present value of future cash flows exceeds the startup costs.

Value is created by:
-Exploiting proprietary physical resources
-Possessing proprietary knowledge or expertise
-Creating a new or improved product, process, or service
-Staying ahead of the competition through constant improvement and innovation
   
Planning for Success

-Don’t plan a business for today – Plan it for at least a year from now.
-Moore’s Law: Computing power will roughly double every 18 months.
-Bandwidth will continue to increase for most users almost ad infinitum.
-People will live longer and maintain active lifestyles far after retirement.
-Energy sources and consumption patterns will change drastically.
-The world will continue to be a very dangerous place.

How To Not Get Funded


-Have a half-baked idea
-Have a meatless business plan
-Can’t articulate your value proposition
-Can’t identify your market potential
-Can’t justify your sales projections
-Can’t show your investors an exit
-Can’t show your investors a reasonable expectation of a reasonable return on investment
-Don’t think about risk
-Take no risk yourself
-Don’t take time to do your homework
-Try to fund a “lifestyle” venture

Funding Your Venture

-The hardest funding to raise is the first funding. You are probably on your own.
-Later funding gets progressively easier depending on the results you can show to investors and what you need to fund.
-BANKS are probably not going to help.
-The best funding is INTERNAL funding (reinvested earnings).
-PRIVATE EQUITY is the current buzzword for the major capital source for business ventures.
Closing thoughts

picture source :https://wealthygorilla.com/23-wise-warren-buffett-quotes-on-success/

For me, the things to consider before starting a plan is of course the capital or the money to be used in tge beginning because if you didn't consider that you may end up bankrupt or your business will not be working it. And the second thing to consider to your well-organized strategic plan. Make sure to have a well-organized plan to execute in order to come up in a good business start.

[Caladonian]

The following things to consider before starting your business:
1.Location-must be accessible to most buyers
2.Kind of business-it could be demand by the community
3.Capital-is your capital could be enough to support the business you have planning to make
And the most important thing is you know how to run your business, work for it and less expenses if possible to be able
to gain more profit.

this is the actual things that's needed to consider and be think deeply, knowing your business and allow yourself to explore and enjoy with your deep knowledge regarding to that certain market success will follow for those who's keen to achieved, thanks Mate and OP for allowing us to learn and have
some basis before planning of which business that we will take along the way.

[entrepmind23]

The following things to consider before starting your business:
1.Location-must be accessible to most buyers
2.Kind of business-it could be demand by the community
3.Capital-is your capital could be enough to support the business you have planning to make
And the most important thing is you know how to run your business, work for it and less expenses if possible to be able
to gain more profit.

All of this requirements or considerations should be in your feasibility study. Know the location of your business and then study what are the things that they need or if there is a problem you need to solve in the community and then start from there. If you develop a product or service, make sure that you have a market on that product or service and affordable as well to your chosen market. Quality is over quantity because if you have quality products/services then people will come back to you since they will like it so quantity will follow. A business needs fuel or capital and you can get it from your family or friends at first if you are just starting. Just start small and eventually it will get bigger if you are successful.

What's important in a business is the operation system. If you do not have it then there would be a possibility that it will fail cause you will not know what to do in case of unprecedented events happening and you can have someone manage your business if you have already an existing system to follow. You should have the passion or interest in your business because in case you will have difficulties at first, you will not surrender because you like what you are doing.

[CryptoBry]

Having one's own business can be the biggest dream anybody can get into as far as achieving financial freedom is concerned. And we need more entrepreneurs who are willing to take the risks in realizing their dreams...these are the people who are contributing big to the country's economy and can start a ripple effect because there is a big chance they can be hiring people too.

However, getting into a successful business is not that easy that is we have to be prepared while we are making some risks. Risks have to be mitigated so the impact is lessen while the business potential for growth is maximized. I always have a big and deep respect for people who are risk-takers but knows what they are doing.

[d1ceplayer]

This is actually a good read and very informative especially for those who wants to start a business. Honestly I also wanted to put up a business of my own but I'm trying to read some articles and information about starting a business. You can't just wake up one day and say I'll withdraw money from the bank to start a business today, of course it needs to be premeditated at first.

For some businessman they consider the needs of customers unlike any other businesses that always thinks about their gains or income. It is pretty innovative to conduct surveys at the crowd and to what people mostly like, because in some point we cannot ignore the so called market competition that has always been in the economy, so before you should start business you need to be a little wiser.

I believe the most important thing to consider before starting a business is whether you have the audience or not. When I mean audience, I mean customers that will patronize your products; people that are ready to buy your products and services.

[jhenfelipe]

• “The idea is not what is important. In entrepreneurship; ideas are a dime a dozen. Developing the idea, implementing it, and building a successful business are the important things.”

For me, the idea is important as well because it will be started with that after all. It was said that ideas are a dime dozen, maybe, but it's hard to think of a UNIQUE one. Competitors are out there, so if you'll just develop and implement a common idea, that would be harder IMO.
Unique idea > Target Market > Capital > Develop & Implement Idea and so on.

This is a good read though to have some ideas / thoughts in starting a business.

[linenoise]

You should also have a good lawyer and a good accountant. Yes, there are cheap solutions to actually incorporate, LLC, etc. This isn't a bad way to save money on paperwork filing. However sooner or later you will need actual counsel and that's not when you should be hunting for someone.  Look around, get recommendations, or have a short chat. For new or perspective clients they don't charge, be up front that you're starting out and don't need them just yet. You'll know if it's someone that you may want to work with in the future, and they'll let you know if they have time to take on new clients or in your area of business.

Many places also offer mentors. The US small business association offers some. Local business groups often offer them. You can learn a lot from people who have been through starting and running a business. You could also join a business group just for this mentorship, also it's a good way to network.

[Gotumoot]

Before starting a business the first thing to consider is what line of business you're going to take. Your business should offer the daily needs of people. With this idea, its a sure thing that you won't loss on your business.

[fullhdpixel]

Having one's own business can be the biggest dream anybody can get into as far as achieving financial freedom is concerned. And we need more entrepreneurs who are willing to take the risks in realizing their dreams...these are the people who are contributing big to the country's economy and can start a ripple effect because there is a big chance they can be hiring people too.

However, getting into a successful business is not that easy that is we have to be prepared while we are making some risks. Risks have to be mitigated so the impact is lessen while the business potential for growth is maximized. I always have a big and deep respect for people who are risk-takers but knows what they are doing.

Indeed! Running a business is never totally risk free and there are chances of going into loss if these risks are not tackled properly. Business demands a sharp mind and good communication skills besides having a sense of judging people well. We all should try to set up our own businesses to support the economy of our country.

[kevpantof]

There are a lot of things to consider, you should consider the cost of operation, the profitability, the
evergreeness of the business(ability to generate money in all kinds of situation) and also you should consider marketing as this goes a long way

[Babyrica0226]

As an entrepreneur Your should have capital first, and you must familiar with the business which you are going to establish and it has to be a volume market. You are ready for the possibility that you may face when your operate, then had knowledge about how manage your own business.

[cluit]

There are a lot of things to consider, you should consider the cost of operation, the profitability, the
evergreeness of the business(ability to generate money in all kinds of situation) and also you should consider marketing as this goes a long way

Yes, these are few of the things that one should consider before starting any business. You need to even consider your target audience and understand their psyche. You should know what your customers need and what other competitive brands are providing to them. Besides you should have good analysis of the market.

[Blamsud]

There are a lot of things to consider, you should consider the cost of operation, the profitability, the
evergreeness of the business(ability to generate money in all kinds of situation) and also you should consider marketing as this goes a long way

Yes, these are few of the things that one should consider before starting any business. You need to even consider your target audience and understand their psyche. You should know what your customers need and what other competitive brands are providing to them. Besides you should have good analysis of the market.

It's hard to start a business especially if it's not our forte, sometimes having knowledge is not enough, or having money only is not enough too. We both need it with proper analysis, weighing the circumstances and the possibilities. Having business is like having an ICO too. We need to convince people to trust us so we should do great work with passion.

[Cloud27]

There are lots of books, manuals and trainings you will find on how to start a business. But for me, one of the biggest contributors to be successful in starting a business, is the support of your own family. They are the one that will lessen your stress and they are the one who will watch your back.

[notyours]

Well I just want to share some information regarding on how to start a business because as we can see, we are all want to have a stable business and we want to be a very good entrepreneur someday because if we're just working and working to earn money then if we can't work anymore we won't be able to sustain our needs anymore. I think this is worth reading especially those who are planning to build an ICO or a project. I've got this from my professor on college :

NOTE-REFERENCES :  Webster’s College Dictionary (Random House/McGraw Hill)
What is an Entrepreneur?
Entrepreneur: A person who organizes and manages an enterprise, especially a business, usually with considerable initiative and risk.
Initiative: Readiness and ability in initiating action.
Risk: The hazard or chance of loss.

NOTE-REFERENCES : The Portable MBA in Entrepreneurship, 2nd Ed.; William D. Bygrave, Editor. John Wiley and Sons Publishers, 1997.
What Does it Take to Be Successful?

• “In entrepreneurship, luck is where preparation and opportunity meet.”

• “The idea is not what is important. In entrepreneurship; ideas are a dime a dozen. Developing the idea, implementing it, and building a successful business are the important things.”

• “Would-be entrepreneurs who are unable to name customers are not ready to start a business. They have only found an idea and have not yet identified a market need.”

• Somehow, someday… you are going to have to earn POSITIVE CASH FLOW. You need more than a revenue model (but you do need that). You need a VALUE model.
  

• Market share is great, but you can’t pay bills with it.
  

• You can do some financially stupid things to build market share.
  

Where Do You Start?
Think about WHO is going to want your product/service, what they will PAY for it, what you will NEED to carry it off, and how you will MAKE MONEY someday. That is, make a PLAN.

Success depends on
positive cash flow, growth,
 and value creation.

   Owners and investors who forget that tend to get “naturally deselected.”

The Importance of Value Creation

• A successful business is one that delivers value to its customers and creates value for its owners.

Value is delivered to your customers when you do something for them
Better
Cheaper
Faster
Cooler
Different
However, it is likely that none of these will work for long, so continuous improvement and innovation are essential.

Value is created for the owners when:
-You do more with their money than they could do with it themselves
-You invest in productive activities that earn rates of return greater than their risk-adjusted costs of capital.
-The present value of future cash flows exceeds the startup costs.

Value is created by:
-Exploiting proprietary physical resources
-Possessing proprietary knowledge or expertise
-Creating a new or improved product, process, or service
-Staying ahead of the competition through constant improvement and innovation
   
Planning for Success

-Don’t plan a business for today – Plan it for at least a year from now.
-Moore’s Law: Computing power will roughly double every 18 months.
-Bandwidth will continue to increase for most users almost ad infinitum.
-People will live longer and maintain active lifestyles far after retirement.
-Energy sources and consumption patterns will change drastically.
-The world will continue to be a very dangerous place.

How To Not Get Funded


-Have a half-baked idea
-Have a meatless business plan
-Can’t articulate your value proposition
-Can’t identify your market potential
-Can’t justify your sales projections
-Can’t show your investors an exit
-Can’t show your investors a reasonable expectation of a reasonable return on investment
-Don’t think about risk
-Take no risk yourself
-Don’t take time to do your homework
-Try to fund a “lifestyle” venture

Funding Your Venture

-The hardest funding to raise is the first funding. You are probably on your own.
-Later funding gets progressively easier depending on the results you can show to investors and what you need to fund.
-BANKS are probably not going to help.
-The best funding is INTERNAL funding (reinvested earnings).
-PRIVATE EQUITY is the current buzzword for the major capital source for business ventures.
Closing thoughts

picture source :https://wealthygorilla.com/23-wise-warren-buffett-quotes-on-success/




[/quote
I agree with - Warren Buffett because how can we be successful if we do not want to try it? Just be smart and think carefully about what to do with that sure there is a replacements

[Nameless27]

Thanks for this shares of a well-organized tips on how to start a business. Have copied in my notes for reference and also for study purposes. It is not an easy thing to do business but with determination and adaptation to what is trend it will be starting point on that journey.

I want to be called as businessman someday. A well respected one not the scam entrepreneur. If I have enough capital I would start one on small scale first. I have an eye for a bitcoin related business someday.

[stomachgrowls]

There are a lot of things to consider, you should consider the cost of operation, the profitability, the
evergreeness of the business(ability to generate money in all kinds of situation) and also you should consider marketing as this goes a long way

Yes, these are few of the things that one should consider before starting any business. You need to even consider your target audience and understand their psyche. You should know what your customers need and what other competitive brands are providing to them. Besides you should have good analysis of the market.

It's hard to start a business especially if it's not our forte, sometimes having knowledge is not enough, or having money only is not enough too. We both need it with proper analysis, weighing the circumstances and the possibilities. Having business is like having an ICO too. We need to convince people to trust us so we should do great work with passion.

You are right, those things wont really be enough specially if we dont really have the passion on this kind of venture but theres still possibility that you would still able cope up with that gap and might able to ride well along the way. Building business or starting it wont really be an easy thing since there are lots of things to consider first even if you do have the money and the knowledge it wont really be sufficient enough but somehow an advantage compared to those people who really start on 0 knowledge.

[jc89]

Thanks for this really helpful information that all who wants to start their own business need. It really is hard to find a stable job nowadays. Lots of applicants are being rejected from the companies they are applying for that's why the unemployment rate is high. So I heard this advice in television just earlier and it said that if you don't have a job then you make your own job/business. And it's true I believe in it. And right now I am still hoping to start the business that I have always wanted.

[Hamphser]

As an entrepreneur Your should have capital first, and you must familiar with the business which you are going to establish and it has to be a volume market. You are ready for the possibility that you may face when your operate, then had knowledge about how manage your own business.

You cant start if you dont really have the money to put on because if we are talking a business then money is the main thing here and we should not really rush things up because building a business is not easy and there would be lots of things to consider we should really make research on the business we would like to engage with because if we are rushing and dont know what we are doing then we would most likely failed and would go bankrupt easily on our business.

[Seansky]

• “The idea is not what is important. In entrepreneurship; ideas are a dime a dozen. Developing the idea, implementing it, and building a successful business are the important things.”

Thanks for the useful tips. The only part that I dont agree with is the part where it says that idea is not important. Why would idea not be important if it is the one where one's business will center or try to achieve? Idea defines what the one who started the business wants to achieve, what service or goods will he sell, and who will be the potential customer of the business therefore idea is also important.

[olliedickman]

Thanks for sharing these information to me. Hope that it can help me to earn more money from my business. I have started many business but most of them do not give me a lot of money. Those tips might be a good solution. I am thinking about buying some book which can teach me more about opening business

[theunbeatable]

Having one's own business can be the biggest dream anybody can get into as far as achieving financial freedom is concerned. And we need more entrepreneurs who are willing to take the risks in realizing their dreams...these are the people who are contributing big to the country's economy and can start a ripple effect because there is a big chance they can be hiring people too.

However, getting into a successful business is not that easy that is we have to be prepared while we are making some risks. Risks have to be mitigated so the impact is lessen while the business potential for growth is maximized. I always have a big and deep respect for people who are risk-takers but knows what they are doing.

As the quote says "beginning is one of the hardest". At first we don't know which path or where are we going. Are we ready for this ? Or what if we fail? Fear of risks is natural but without it you'll gain nothing.


Photo Credit: Google

• “The idea is not what is important. In entrepreneurship; ideas are a dime a dozen. Developing the idea, implementing it, and building a successful business are the important things.”

Thanks for the useful tips. The only part that I dont agree with is the part where it says that idea is not important. Why would idea not be important if it is the one where one's business will center or try to achieve? Idea defines what the one who started the business wants to achieve, what service or goods will he sell, and who will be the potential customer of the business therefore idea is also important.

In my own opinion, it refers to the actual things like " knowledge is only a rumour until it is in the muscle" and so they say. Idea alone is not enough and not important enough if it will stay as an idea. Entrepreneurship deals in making an idea and applying it into practice. Even the buoyancy is just a buoyancy until ships and canoe put it into application.

[mackenzied]

I think that trade is a job that requires a lot of factors, and it is tied to all the changes in the money market. For bitcoin and all altcoins, the value is always changing, we need to learn how to capture the moment accurately. In addition, we also need assertiveness to make timely decisions. Lastly, what you must have in order to be able to trade.

[Bitcotalk]

Thanks for this shares of a well-organized tips on how to start a business. Have copied in my notes for reference and also for study purposes. It is not an easy thing to do business but with determination and adaptation to what is trend it will be starting point on that journey.

I want to be called as businessman someday. A well respected one not the scam entrepreneur. If I have enough capital I would start one on small scale first. I have an eye for a bitcoin related business someday.

There is nothing more beneficial than having your own business. This is a very good approach to start the business on a small scale and then increasing the scale of your business from time to time. But before putting your head in any sort of stuff, you need to know about that especially in case of Bitcoins. Only then you can get what you aimed for.

[L00n3y]

This is worth a read by the way....

The following things to consider before starting your business:
1.Location-must be accessible to most buyers
2.Kind of business-it could be demand by the community
3.Capital-is your capital could be enough to support the business you have planning to make
And the most important thing is you know how to run your business, work for it and less expenses if possible to be able
to gain more profit.

This is a good add up to that article, actually there are lot of steps and advice on how to start a business and of course this is more than what we think. In the long run, you will experience some downfalls and sometimes you want to stop your business (we've been on that situation before). Only few have succeeded on the market and millions dared to try still they didn't get what they are hoping for. Dedication, luck and discipline are important in the long run and of course the determination to face failures and the humility when experiencing pump are essential.

[Biggapp]

Thanks for sharing these information to me. Hope that it can help me to earn more money from my business. I have started many business but most of them do not give me a lot of money. Those tips might be a good solution. I am thinking about buying some book which can teach me more about opening business

That’s nice. You can also take certain free courses to improve your knowledge about businesses. You can visit Alison.com. They are offering many courses related to business, such courses are really going to help you in practical life. Besides book is also a good choice. Good luck, pal.

[Kawasanz]

One to start a business is Planning & Flexibility is needed
Before thinking about what business will be occupied, planning and strategy should be presented first. With a mature planning then the error can be minimized. Even the best plan can change according to market conditions so that flexible planning is required.adaptability with changing circumstances is necessary so as not to get stuck on a strategy that proves less efficient.

[FLoving]

Thanks for this shares of a well-organized tips on how to start a business. Have copied in my notes for reference and also for study purposes. It is not an easy thing to do business but with determination and adaptation to what is trend it will be starting point on that journey.

I want to be called as businessman someday. A well respected one not the scam entrepreneur. If I have enough capital I would start one on small scale first. I have an eye for a bitcoin related business someday.

There is nothing more beneficial than having your own business. This is a very good approach to start the business on a small scale and then increasing the scale of your business from time to time. But before putting your head in any sort of stuff, you need to know about that especially in case of Bitcoins. Only then you can get what you aimed for.

Indeed! In today’s world where everything is hell expensive, you can’t move in few steps with empty pockets. Money is needed for each and everything that we want whether it is good education, a safe home etc. private business is the best option to meet your all needs but again we need to know all details of anything we are setting up as a business whether they are bitcoins or something else.

[Gozie51]

Well , the economic text books made a  list of things and simplified them as what one has to consider before venturing into a business, the;
Capital - which is a determining factor to the kind of business to establish.
Access to road- important for conveyance of human & materials  Access to raw materials — closeness is better because of materials.
Access to customers equally very important too etc
Thus, above all, personally I think what one needs more to succeed in business is strong passion. Strong passion is what would make one have hope to get up when they are fallen. 

[eleah24]

Ofcourse, there are so many things to consider before starting a business. But for me there are 3 aspects that we should consider. First is financial capital. If you don't have enough money to start a business then better start to end your plan now. Second is location, if your location is not that very discoverable then it would not success. Third is the type of business that you want to enter. You should always be considerable with the type of business that you would like to enter to. Because as for my experience, I entered into a lot of business in my life, but most of it did not succeed maybe because I had a lot of competitors and I did not have much time to make my business profitable. So my suggestion for you is to think very carefully of your business that you want to enter.

[SiNeReiNZzz]

Thanks for this shares of a well-organized tips on how to start a business. Have copied in my notes for reference and also for study purposes. It is not an easy thing to do business but with determination and adaptation to what is trend it will be starting point on that journey.

I want to be called as businessman someday. A well respected one not the scam entrepreneur. If I have enough capital I would start one on small scale first. I have an eye for a bitcoin related business someday.

There is nothing more beneficial than having your own business. This is a very good approach to start the business on a small scale and then increasing the scale of your business from time to time. But before putting your head in any sort of stuff, you need to know about that especially in case of Bitcoins. Only then you can get what you aimed for.

Indeed! In today’s world where everything is hell expensive, you can’t move in few steps with empty pockets. Money is needed for each and everything that we want whether it is good education, a safe home etc. private business is the best option to meet your all needs but again we need to know all details of anything we are setting up as a business whether they are bitcoins or something else.

Precisely! The problem here and out is all about money, and as you have said even education already has a price, and if you would sum up it would only end up having trouble with money. For now it is really wiser you have business while you still have money and it would be really nice before having business is that learn more and study the details about what you are going to build as business.

[guoyu78]

I think that trade is a job that requires a lot of factors, and it is tied to all the changes in the money market. For bitcoin and all altcoins, the value is always changing, we need to learn how to capture the moment accurately. In addition, we also need assertiveness to make timely decisions. Lastly, what you must have in order to be able to trade.

Perfectly said. These are things which matter the most before you start some sort of business. You cannot do anything in a better way till the time you don’t have an idea of what to do and how to do. You need to be a learned man.

[chickenado]

I think that trade is a job that requires a lot of factors, and it is tied to all the changes in the money market. For bitcoin and all altcoins, the value is always changing, we need to learn how to capture the moment accurately. In addition, we also need assertiveness to make timely decisions. Lastly, what you must have in order to be able to trade.

Perfectly said. These are things which matter the most before you start some sort of business. You cannot do anything in a better way till the time you don’t have an idea of what to do and how to do. You need to be a learned man.

Indeed. Let's aways put in mind that when starting a business, you have to think the location all the time so that customers won't be hesitant to purchase of the products yoi are going to introduce. For instance, you already have the budget for a particular kind of business but what if the customers don't like the products so it's still a waste. So in order to not to be wasted for your effort. You have to consider the accessibility of customer's security whenever they visit a shop.

[yvesp110]

I think that trade is a job that requires a lot of factors, and it is tied to all the changes in the money market. For bitcoin and all altcoins, the value is always changing, we need to learn how to capture the moment accurately. In addition, we also need assertiveness to make timely decisions. Lastly, what you must have in order to be able to trade.

You are absolutely right. Doing Business is an art and not everyone is an artist. You need to have a very clear mind regarding what to do. Only then you can excel in your life. Before starting of any kind of Business, you need to learn and learn well about that. Only then you can succeed.

[Yatsan]

I think that trade is a job that requires a lot of factors, and it is tied to all the changes in the money market. For bitcoin and all altcoins, the value is always changing, we need to learn how to capture the moment accurately. In addition, we also need assertiveness to make timely decisions. Lastly, what you must have in order to be able to trade.

You are absolutely right. Doing Business is an art and not everyone is an artist. You need to have a very clear mind regarding what to do. Only then you can excel in your life. Before starting of any kind of Business, you need to learn and learn well about that. Only then you can succeed.

But making an perfect Artwork have process to undergo and several draft to make and person can be an artist just by practicing. So I think in business that's make sense too, you just need a one big perfect timing that your business will became successful no matter how many draft or fail because you only just need a perfect one to become a rich. Only people that is not afraid to take the risk are the one that is becoming rich.

[syaripudin]

I think a lot of things to be prepared before starting to do business. Calculation errors can make the business we live will go bankrupt. The calculation of operational biyaya be one of the things that must be considered in starting a business that we will live. the business world is a world full of manipulation. lest we be fooled by our own business associates. choose a business partner who really can be trusted for the business we live can run smoothly. and also need a great marketing system. so we must have a very reliable marketing. so that the business we live can be right on target.

[yrreg ger]

I think a lot of things to be prepared before starting to do business. Calculation errors can make the business we live will go bankrupt. The calculation of operational biyaya be one of the things that must be considered in starting a business that we will live. the business world is a world full of manipulation. lest we be fooled by our own business associates. choose a business partner who really can be trusted for the business we live can run smoothly. and also need a great marketing system. so we must have a very reliable marketing. so that the business we live can be right on target.

Yes this is true, we need to make a plan before we in a business. Planning, Organizing, Staffing, Leading and Controlling this strageties will help us to make a successful business. We need to plan first before we go in the business then we need to orginize to arrange eveything, statfing that needs to asign a task to person with their own skills, Leading are most important to check if this will in the flow of plan and the last controlling that needs to control the in and out, the price and everything.

[onyok]

Well I just want to share some information regarding on how to start a business because as we can see, we are all want to have a stable business and we want to be a very good entrepreneur someday because if we're just working and working to earn money then if we can't work anymore we won't be able to sustain our needs anymore. I think this is worth reading especially those who are planning to build an ICO or a project. I've got this from my professor on college :

NOTE-REFERENCES :  Webster’s College Dictionary (Random House/McGraw Hill)
What is an Entrepreneur?
Entrepreneur: A person who organizes and manages an enterprise, especially a business, usually with considerable initiative and risk.
Initiative: Readiness and ability in initiating action.
Risk: The hazard or chance of loss.

NOTE-REFERENCES : The Portable MBA in Entrepreneurship, 2nd Ed.; William D. Bygrave, Editor. John Wiley and Sons Publishers, 1997.
What Does it Take to Be Successful?

• “In entrepreneurship, luck is where preparation and opportunity meet.”

• “The idea is not what is important. In entrepreneurship; ideas are a dime a dozen. Developing the idea, implementing it, and building a successful business are the important things.”

• “Would-be entrepreneurs who are unable to name customers are not ready to start a business. They have only found an idea and have not yet identified a market need.”

• Somehow, someday… you are going to have to earn POSITIVE CASH FLOW. You need more than a revenue model (but you do need that). You need a VALUE model.
  

• Market share is great, but you can’t pay bills with it.
  

• You can do some financially stupid things to build market share.
  

Where Do You Start?
Think about WHO is going to want your product/service, what they will PAY for it, what you will NEED to carry it off, and how you will MAKE MONEY someday. That is, make a PLAN.

Success depends on
positive cash flow, growth,
 and value creation.

   Owners and investors who forget that tend to get “naturally deselected.”

The Importance of Value Creation

• A successful business is one that delivers value to its customers and creates value for its owners.

Value is delivered to your customers when you do something for them
Better
Cheaper
Faster
Cooler
Different
However, it is likely that none of these will work for long, so continuous improvement and innovation are essential.

Value is created for the owners when:
-You do more with their money than they could do with it themselves
-You invest in productive activities that earn rates of return greater than their risk-adjusted costs of capital.
-The present value of future cash flows exceeds the startup costs.

Value is created by:
-Exploiting proprietary physical resources
-Possessing proprietary knowledge or expertise
-Creating a new or improved product, process, or service
-Staying ahead of the competition through constant improvement and innovation
   
Planning for Success

-Don’t plan a business for today – Plan it for at least a year from now.
-Moore’s Law: Computing power will roughly double every 18 months.
-Bandwidth will continue to increase for most users almost ad infinitum.
-People will live longer and maintain active lifestyles far after retirement.
-Energy sources and consumption patterns will change drastically.
-The world will continue to be a very dangerous place.

How To Not Get Funded


-Have a half-baked idea
-Have a meatless business plan
-Can’t articulate your value proposition
-Can’t identify your market potential
-Can’t justify your sales projections
-Can’t show your investors an exit
-Can’t show your investors a reasonable expectation of a reasonable return on investment
-Don’t think about risk
-Take no risk yourself
-Don’t take time to do your homework
-Try to fund a “lifestyle” venture

Funding Your Venture

-The hardest funding to raise is the first funding. You are probably on your own.
-Later funding gets progressively easier depending on the results you can show to investors and what you need to fund.
-BANKS are probably not going to help.
-The best funding is INTERNAL funding (reinvested earnings).
-PRIVATE EQUITY is the current buzzword for the major capital source for business ventures.
Closing thoughts

picture source :https://wealthygorilla.com/23-wise-warren-buffett-quotes-on-success/

For me, if  you are planning to build up a business even if its big or small be sure that you have a capital that support your to your business. secondly you have a knowledge on how to manage an effective business, therefore you are hard working not during there is costumer but also when there is no.Thirdly you are willing to accept all attitude of your costumer probably there are some costumer that boastful sometimes in that point you are also open-minded for that particular case. thanks.

Yeah your correct. In every business there should be an enough capital for the sustaining if the needs of your business..and also you should be well determined and hardworking for your business..you should also keep studying about your business. Dont base of what you only already have about your business. You should also be a risk taker because though i am not already  a business man but base on the articles and informations that i have red. Every people who are going to engage in a business shuold be ready to take any risk on your business..

[Pakboy]

Thank you! I've been reading a lot of articles about how to start a business because I really want to start one.
I have a stable job but I want to have my own business as well.
This is very informative.

     Its good to you to think to have a new business even though you have a stable job, just consider somethings before you build a business as like as do some research to want demand business today or make a your hobby a business, if you love to baked then start a bakeshop or online shop. Nowadays, Online shop is more convenient business. I'm looking forward to the success of your business.

Yeah that is true. Before we start a business be sure first that we have a lot of knowledge to our business like in investing in trading, we should have a lot of knowledge to it for us to earn money.

[Sled]

If you want to start a business you need to do some research first from the place that you will build a business. Do some research to find out what is the best business for that place and what are the most people need in that place and after you find out what is the most necessary thing in that place then just build a business with a solid team or employees and also don't forget to accept bitcoin.

[ilovefeetsmell]

Thank you! I've been reading a lot of articles about how to start a business because I really want to start one.
I have a stable job but I want to have my own business as well.
This is very informative.

That's why I've shared some words that I've got from my professors lecture. Well its not really what that can bring you up but this can bring you a glimpse and a thought of what will you do in order to start some business or a really valuable asset. Businesses ain't good to us nowadays because everyone want to start one and only few became really successful. It's still up to us on how we will make the climb.

Starting a business or becoming a certified entrepreneur is a big dream come true for many. There are many employees right now who are part of the rat race that are already tired of the stress, the long commute, the office politics and of course tired of their bosses and they want to one day be their own boss and be at the front seat.

Of course, getting into a business can be easier but the hardest thing is making the business thrive and flourish -- this is where we have to apply the entrepreneurial skills learned or just natural into the situation. One must be prepared for such a venture and one must be adept and be agile for any possible problems that can come anytime. Only around 1 in 5 start-ups would survive in a 5-year period and this is discouraging in the first place if one is not really prepared for the whole thing.

Start a new life with business was a best idea. Businesses today was become successful. There is a lot of business opportunities that are getting rich rather than employee of their business. Make and start a new business with yours and it will help your life become better.

[Hamstead]

Thank you! I've been reading a lot of articles about how to start a business because I really want to start one.
I have a stable job but I want to have my own business as well.
This is very informative.

That's why I've shared some words that I've got from my professors lecture. Well its not really what that can bring you up but this can bring you a glimpse and a thought of what will you do in order to start some business or a really valuable asset. Businesses ain't good to us nowadays because everyone want to start one and only few became really successful. It's still up to us on how we will make the climb.

Starting a business or becoming a certified entrepreneur is a big dream come true for many. There are many employees right now who are part of the rat race that are already tired of the stress, the long commute, the office politics and of course tired of their bosses and they want to one day be their own boss and be at the front seat.

Of course, getting into a business can be easier but the hardest thing is making the business thrive and flourish -- this is where we have to apply the entrepreneurial skills learned or just natural into the situation. One must be prepared for such a venture and one must be adept and be agile for any possible problems that can come anytime. Only around 1 in 5 start-ups would survive in a 5-year period and this is discouraging in the first place if one is not really prepared for the whole thing.

Start a new life with business was a best idea. Businesses today was become successful. There is a lot of business opportunities that are getting rich rather than employee of their business. Make and start a new business with yours and it will help your life become better.

I could say 95% of business owners have fully succeed in their first attempt in business world. Because some of them have lack of knowledge in operation and not enough capital. When you plan for putting a business you must first seek for any suggestions around you and you should prepare enough capital that could sustain it for a long time. And you should monitor your business flow and profit daily in that way you know how profitable is your business.

[feelideb]

My question here is how can peoples start business with bitcoin if they are not tech savvy?

[Casdinyard]

Thank you! I've been reading a lot of articles about how to start a business because I really want to start one.
I have a stable job but I want to have my own business as well.
This is very informative.

OP thanks for the helpful thread.
Well for me if you're planning to start a business you should start by asking yourself what really interest you. Your likes and hobbies or where are you fond of. Then out of these you can think what business you'll put up. You should also know your target market and you should analyze carefully the market. You can also get some useful informations in business books and some are in internet. There are a lot of sources that can be helpful to start up.

[d1ceplayer]

Well I just want to share some information regarding on how to start a business because as we can see, we are all want to have a stable business and we want to be a very good entrepreneur someday because if we're just working and working to earn money then if we can't work anymore we won't be able to sustain our needs anymore. I think this is worth reading especially those who are planning to build an ICO or a project. I've got this from my professor on college :

NOTE-REFERENCES :  Webster’s College Dictionary (Random House/McGraw Hill)
What is an Entrepreneur?
Entrepreneur: A person who organizes and manages an enterprise, especially a business, usually with considerable initiative and risk.
Initiative: Readiness and ability in initiating action.
Risk: The hazard or chance of loss.

NOTE-REFERENCES : The Portable MBA in Entrepreneurship, 2nd Ed.; William D. Bygrave, Editor. John Wiley and Sons Publishers, 1997.
What Does it Take to Be Successful?

• “In entrepreneurship, luck is where preparation and opportunity meet.”

• “The idea is not what is important. In entrepreneurship; ideas are a dime a dozen. Developing the idea, implementing it, and building a successful business are the important things.”

• “Would-be entrepreneurs who are unable to name customers are not ready to start a business. They have only found an idea and have not yet identified a market need.”

• Somehow, someday… you are going to have to earn POSITIVE CASH FLOW. You need more than a revenue model (but you do need that). You need a VALUE model.
  

• Market share is great, but you can’t pay bills with it.
  

• You can do some financially stupid things to build market share.
  

Where Do You Start?
Think about WHO is going to want your product/service, what they will PAY for it, what you will NEED to carry it off, and how you will MAKE MONEY someday. That is, make a PLAN.

Success depends on
positive cash flow, growth,
 and value creation.

   Owners and investors who forget that tend to get “naturally deselected.”

The Importance of Value Creation

• A successful business is one that delivers value to its customers and creates value for its owners.

Value is delivered to your customers when you do something for them
Better
Cheaper
Faster
Cooler
Different
However, it is likely that none of these will work for long, so continuous improvement and innovation are essential.

Value is created for the owners when:
-You do more with their money than they could do with it themselves
-You invest in productive activities that earn rates of return greater than their risk-adjusted costs of capital.
-The present value of future cash flows exceeds the startup costs.

Value is created by:
-Exploiting proprietary physical resources
-Possessing proprietary knowledge or expertise
-Creating a new or improved product, process, or service
-Staying ahead of the competition through constant improvement and innovation
   
Planning for Success

-Don’t plan a business for today – Plan it for at least a year from now.
-Moore’s Law: Computing power will roughly double every 18 months.
-Bandwidth will continue to increase for most users almost ad infinitum.
-People will live longer and maintain active lifestyles far after retirement.
-Energy sources and consumption patterns will change drastically.
-The world will continue to be a very dangerous place.

How To Not Get Funded


-Have a half-baked idea
-Have a meatless business plan
-Can’t articulate your value proposition
-Can’t identify your market potential
-Can’t justify your sales projections
-Can’t show your investors an exit
-Can’t show your investors a reasonable expectation of a reasonable return on investment
-Don’t think about risk
-Take no risk yourself
-Don’t take time to do your homework
-Try to fund a “lifestyle” venture

Funding Your Venture

-The hardest funding to raise is the first funding. You are probably on your own.
-Later funding gets progressively easier depending on the results you can show to investors and what you need to fund.
-BANKS are probably not going to help.
-The best funding is INTERNAL funding (reinvested earnings).
-PRIVATE EQUITY is the current buzzword for the major capital source for business ventures.
Closing thoughts
[im g]https://i.imgur.com/GI4Ui2E.png[/img]
picture source :https://wealthygorilla.com/23-wise-warren-buffett-quotes-on-success/

Before starting a new business you need to have done your job, by this I mean you need to have done your homework of doing research and knowing whether or not the business would be evergreen and profitable in the long run

[Intersan]

If you want to start a business you need to do some research first from the place that you will build a business. Do some research to find out what is the best business for that place and what are the most people need in that place and after you find out what is the most necessary thing in that place then just build a business with a solid team or employees and also don't forget to accept bitcoin.

This time if you use bitcoin in the business it is not a good idea, this is because the popularity and the legalise of bitcoin. Some countries did not accept the bitcoin cause its illegal, and some people have no idea about in bitcoin.

To start a business you need to plan, think the possible result, like what you said it needs a place were it is demand and has many people. Or start a business that in your place is nothing, you have no competent.

[darkangel]

Well I just want to share some information regarding on how to start a business because as we can see, we are all want to have a stable business and we want to be a very good entrepreneur someday because if we're just working and working to earn money then if we can't work anymore we won't be able to sustain our needs anymore. I think this is worth reading especially those who are planning to build an ICO or a project. I've got this from my professor on college :

NOTE-REFERENCES :  Webster’s College Dictionary (Random House/McGraw Hill)
What is an Entrepreneur?
Entrepreneur: A person who organizes and manages an enterprise, especially a business, usually with considerable initiative and risk.
Initiative: Readiness and ability in initiating action.
Risk: The hazard or chance of loss.

NOTE-REFERENCES : The Portable MBA in Entrepreneurship, 2nd Ed.; William D. Bygrave, Editor. John Wiley and Sons Publishers, 1997.
What Does it Take to Be Successful?

• “In entrepreneurship, luck is where preparation and opportunity meet.”

• “The idea is not what is important. In entrepreneurship; ideas are a dime a dozen. Developing the idea, implementing it, and building a successful business are the important things.”

• “Would-be entrepreneurs who are unable to name customers are not ready to start a business. They have only found an idea and have not yet identified a market need.”

• Somehow, someday… you are going to have to earn POSITIVE CASH FLOW. You need more than a revenue model (but you do need that). You need a VALUE model.
  

• Market share is great, but you can’t pay bills with it.
  

• You can do some financially stupid things to build market share.
  

Where Do You Start?
Think about WHO is going to want your product/service, what they will PAY for it, what you will NEED to carry it off, and how you will MAKE MONEY someday. That is, make a PLAN.

Success depends on
positive cash flow, growth,
 and value creation.

   Owners and investors who forget that tend to get “naturally deselected.”

The Importance of Value Creation

• A successful business is one that delivers value to its customers and creates value for its owners.

Value is delivered to your customers when you do something for them
Better
Cheaper
Faster
Cooler
Different
However, it is likely that none of these will work for long, so continuous improvement and innovation are essential.

Value is created for the owners when:
-You do more with their money than they could do with it themselves
-You invest in productive activities that earn rates of return greater than their risk-adjusted costs of capital.
-The present value of future cash flows exceeds the startup costs.

Value is created by:
-Exploiting proprietary physical resources
-Possessing proprietary knowledge or expertise
-Creating a new or improved product, process, or service
-Staying ahead of the competition through constant improvement and innovation
   
Planning for Success

-Don’t plan a business for today – Plan it for at least a year from now.
-Moore’s Law: Computing power will roughly double every 18 months.
-Bandwidth will continue to increase for most users almost ad infinitum.
-People will live longer and maintain active lifestyles far after retirement.
-Energy sources and consumption patterns will change drastically.
-The world will continue to be a very dangerous place.

How To Not Get Funded


-Have a half-baked idea
-Have a meatless business plan
-Can’t articulate your value proposition
-Can’t identify your market potential
-Can’t justify your sales projections
-Can’t show your investors an exit
-Can’t show your investors a reasonable expectation of a reasonable return on investment
-Don’t think about risk
-Take no risk yourself
-Don’t take time to do your homework
-Try to fund a “lifestyle” venture

Funding Your Venture

-The hardest funding to raise is the first funding. You are probably on your own.
-Later funding gets progressively easier depending on the results you can show to investors and what you need to fund.
-BANKS are probably not going to help.
-The best funding is INTERNAL funding (reinvested earnings).
-PRIVATE EQUITY is the current buzzword for the major capital source for business ventures.
Closing thoughts

picture source :https://wealthygorilla.com/23-wise-warren-buffett-quotes-on-success/

I am not a good business expert so when business needs to note:
1. Are you really capable in this field.
2. Do you have money to spend?
3. The field you invest is really true, customer needs how.
4. How much profit does it bring?
5. Development.

[Nahl]

thanks for sharing and it is very usefull informations however mentally also the main thing before we starting a business because the theory won't working well if we don't have good mentally especially when we starting business for the first times there will be plenty of constraints to be faced such as loss or low support market and do not expect instant profit in business because usually good business only for long term

[LordDisick]

Thank you for the insights. I've been wanting to start a small business at home and this article is very helpful. Since i still dont have the capital to start my dream business i still have to work hard here and earn more bitcoin since its the only way I can save up.

[richkellj]

Well I just want to share some information regarding on how to start a business because as we can see, we are all want to have a stable business and we want to be a very good entrepreneur someday because if we're just working and working to earn money then if we can't work anymore we won't be able to sustain our needs anymore. I think this is worth reading especially those who are planning to build an ICO or a project. I've got this from my professor on college :

NOTE-REFERENCES :  Webster’s College Dictionary (Random House/McGraw Hill)
What is an Entrepreneur?
Entrepreneur: A person who organizes and manages an enterprise, especially a business, usually with considerable initiative and risk.
Initiative: Readiness and ability in initiating action.
Risk: The hazard or chance of loss.

NOTE-REFERENCES : The Portable MBA in Entrepreneurship, 2nd Ed.; William D. Bygrave, Editor. John Wiley and Sons Publishers, 1997.
What Does it Take to Be Successful?

• “In entrepreneurship, luck is where preparation and opportunity meet.”

• “The idea is not what is important. In entrepreneurship; ideas are a dime a dozen. Developing the idea, implementing it, and building a successful business are the important things.”

• “Would-be entrepreneurs who are unable to name customers are not ready to start a business. They have only found an idea and have not yet identified a market need.”

• Somehow, someday… you are going to have to earn POSITIVE CASH FLOW. You need more than a revenue model (but you do need that). You need a VALUE model.
  

• Market share is great, but you can’t pay bills with it.
  

• You can do some financially stupid things to build market share.
  

Where Do You Start?
Think about WHO is going to want your product/service, what they will PAY for it, what you will NEED to carry it off, and how you will MAKE MONEY someday. That is, make a PLAN.

Success depends on
positive cash flow, growth,
 and value creation.

   Owners and investors who forget that tend to get “naturally deselected.”

The Importance of Value Creation

• A successful business is one that delivers value to its customers and creates value for its owners.

Value is delivered to your customers when you do something for them
Better
Cheaper
Faster
Cooler
Different
However, it is likely that none of these will work for long, so continuous improvement and innovation are essential.

Value is created for the owners when:
-You do more with their money than they could do with it themselves
-You invest in productive activities that earn rates of return greater than their risk-adjusted costs of capital.
-The present value of future cash flows exceeds the startup costs.

Value is created by:
-Exploiting proprietary physical resources
-Possessing proprietary knowledge or expertise
-Creating a new or improved product, process, or service
-Staying ahead of the competition through constant improvement and innovation
   
Planning for Success

-Don’t plan a business for today – Plan it for at least a year from now.
-Moore’s Law: Computing power will roughly double every 18 months.
-Bandwidth will continue to increase for most users almost ad infinitum.
-People will live longer and maintain active lifestyles far after retirement.
-Energy sources and consumption patterns will change drastically.
-The world will continue to be a very dangerous place.

How To Not Get Funded


-Have a half-baked idea
-Have a meatless business plan
-Can’t articulate your value proposition
-Can’t identify your market potential
-Can’t justify your sales projections
-Can’t show your investors an exit
-Can’t show your investors a reasonable expectation of a reasonable return on investment
-Don’t think about risk
-Take no risk yourself
-Don’t take time to do your homework
-Try to fund a “lifestyle” venture

Funding Your Venture

-The hardest funding to raise is the first funding. You are probably on your own.
-Later funding gets progressively easier depending on the results you can show to investors and what you need to fund.
-BANKS are probably not going to help.
-The best funding is INTERNAL funding (reinvested earnings).
-PRIVATE EQUITY is the current buzzword for the major capital source for business ventures.
Closing thoughts

picture source :https://wealthygorilla.com/23-wise-warren-buffett-quotes-on-success/

Before starting a new business you need to have done your job, by this I mean you need to have done your homework of doing research and knowing whether or not the business would be evergreen and profitable in the long run

Starting a business without studying our audiences, respective market, and competitors in details is just like sitting in an examination hall without preparation and hoping to clear it. Business is nothing fun; it is a proper profession, a subject. We need to work hard before starting any business so that it does not fail.

[Mbah Djoko]

the prospect of the future becomes a very important thing before the business, we have to do analysis and study of future opportunities because what we think is now good may not last long.

[Aprijhunot]

Being a successful businessperson is one of everyone's dreams. But to achieve it requires a process that involves sacrifice, never give up and work hard.

So that can mean starting a business can not play games. There are some things to watch out for before entering the business world.

[warrior333]

If you start a business in strict compliance with the generally accepted rules of this business will not be successful. Now the market has it all. Even drugs and weapons. Success will only have creative solutions and suggestions. If you don't it probably better not to start.

[kateryana81]

Well I just want to share some information regarding on how to start a business because as we can see, we are all want to have a stable business and we want to be a very good entrepreneur someday because if we're just working and working to earn money then if we can't work anymore we won't be able to sustain our needs anymore. I think this is worth reading especially those who are planning to build an ICO or a project. I've got this from my professor on college :

NOTE-REFERENCES :  Webster’s College Dictionary (Random House/McGraw Hill)
What is an Entrepreneur?
Entrepreneur: A person who organizes and manages an enterprise, especially a business, usually with considerable initiative and risk.
Initiative: Readiness and ability in initiating action.
Risk: The hazard or chance of loss.

NOTE-REFERENCES : The Portable MBA in Entrepreneurship, 2nd Ed.; William D. Bygrave, Editor. John Wiley and Sons Publishers, 1997.
What Does it Take to Be Successful?

• “In entrepreneurship, luck is where preparation and opportunity meet.”

• “The idea is not what is important. In entrepreneurship; ideas are a dime a dozen. Developing the idea, implementing it, and building a successful business are the important things.”

• “Would-be entrepreneurs who are unable to name customers are not ready to start a business. They have only found an idea and have not yet identified a market need.”

• Somehow, someday… you are going to have to earn POSITIVE CASH FLOW. You need more than a revenue model (but you do need that). You need a VALUE model.
  

• Market share is great, but you can’t pay bills with it.
  

• You can do some financially stupid things to build market share.
  

Where Do You Start?
Think about WHO is going to want your product/service, what they will PAY for it, what you will NEED to carry it off, and how you will MAKE MONEY someday. That is, make a PLAN.

Success depends on
positive cash flow, growth,
 and value creation.

   Owners and investors who forget that tend to get “naturally deselected.”

The Importance of Value Creation

• A successful business is one that delivers value to its customers and creates value for its owners.

Value is delivered to your customers when you do something for them
Better
Cheaper
Faster
Cooler
Different
However, it is likely that none of these will work for long, so continuous improvement and innovation are essential.

Value is created for the owners when:
-You do more with their money than they could do with it themselves
-You invest in productive activities that earn rates of return greater than their risk-adjusted costs of capital.
-The present value of future cash flows exceeds the startup costs.

Value is created by:
-Exploiting proprietary physical resources
-Possessing proprietary knowledge or expertise
-Creating a new or improved product, process, or service
-Staying ahead of the competition through constant improvement and innovation
   
Planning for Success

-Don’t plan a business for today – Plan it for at least a year from now.
-Moore’s Law: Computing power will roughly double every 18 months.
-Bandwidth will continue to increase for most users almost ad infinitum.
-People will live longer and maintain active lifestyles far after retirement.
-Energy sources and consumption patterns will change drastically.
-The world will continue to be a very dangerous place.

How To Not Get Funded


-Have a half-baked idea
-Have a meatless business plan
-Can’t articulate your value proposition
-Can’t identify your market potential
-Can’t justify your sales projections
-Can’t show your investors an exit
-Can’t show your investors a reasonable expectation of a reasonable return on investment
-Don’t think about risk
-Take no risk yourself
-Don’t take time to do your homework
-Try to fund a “lifestyle” venture

Funding Your Venture

-The hardest funding to raise is the first funding. You are probably on your own.
-Later funding gets progressively easier depending on the results you can show to investors and what you need to fund.
-BANKS are probably not going to help.
-The best funding is INTERNAL funding (reinvested earnings).
-PRIVATE EQUITY is the current buzzword for the major capital source for business ventures.
Closing thoughts

picture source :https://wealthygorilla.com/23-wise-warren-buffett-quotes-on-success/

There are a lot of things to consider when about starting a new business, a lot of things have to come into consideration before going into the new business so as not to run into loss. The major thing that should be considered is the passion and the drive to work round the clock

[Kidmat]

Being a successful businessperson is one of everyone's dreams. But to achieve it requires a process that involves sacrifice, never give up and work hard.

So that can mean starting a business can not play games. There are some things to watch out for before entering the business world.

You are correct, actually there are many things to consider before starting a business. One should be on positive mindset in able to make things be successful. At first it is not easy that you will build business instant, it took a lot of process. Moreover,  it is a dream that need to conquer that you have to believe in yourself that you can achieve it.

[swscowods]

Well I just want to share some information regarding on how to start a business because as we can see, we are all want to have a stable business and we want to be a very good entrepreneur someday because if we're just working and working to earn money then if we can't work anymore we won't be able to sustain our needs anymore. I think this is worth reading especially those who are planning to build an ICO or a project. I've got this from my professor on college :

NOTE-REFERENCES :  Webster’s College Dictionary (Random House/McGraw Hill)
What is an Entrepreneur?
Entrepreneur: A person who organizes and manages an enterprise, especially a business, usually with considerable initiative and risk.
Initiative: Readiness and ability in initiating action.
Risk: The hazard or chance of loss.

NOTE-REFERENCES : The Portable MBA in Entrepreneurship, 2nd Ed.; William D. Bygrave, Editor. John Wiley and Sons Publishers, 1997.
What Does it Take to Be Successful?

• “In entrepreneurship, luck is where preparation and opportunity meet.”

• “The idea is not what is important. In entrepreneurship; ideas are a dime a dozen. Developing the idea, implementing it, and building a successful business are the important things.”

• “Would-be entrepreneurs who are unable to name customers are not ready to start a business. They have only found an idea and have not yet identified a market need.”

• Somehow, someday… you are going to have to earn POSITIVE CASH FLOW. You need more than a revenue model (but you do need that). You need a VALUE model.
  

• Market share is great, but you can’t pay bills with it.
  

• You can do some financially stupid things to build market share.
  

Where Do You Start?
Think about WHO is going to want your product/service, what they will PAY for it, what you will NEED to carry it off, and how you will MAKE MONEY someday. That is, make a PLAN.

Success depends on
positive cash flow, growth,
 and value creation.

   Owners and investors who forget that tend to get “naturally deselected.”

The Importance of Value Creation

• A successful business is one that delivers value to its customers and creates value for its owners.

Value is delivered to your customers when you do something for them
Better
Cheaper
Faster
Cooler
Different
However, it is likely that none of these will work for long, so continuous improvement and innovation are essential.

Value is created for the owners when:
-You do more with their money than they could do with it themselves
-You invest in productive activities that earn rates of return greater than their risk-adjusted costs of capital.
-The present value of future cash flows exceeds the startup costs.

Value is created by:
-Exploiting proprietary physical resources
-Possessing proprietary knowledge or expertise
-Creating a new or improved product, process, or service
-Staying ahead of the competition through constant improvement and innovation
   
Planning for Success

-Don’t plan a business for today – Plan it for at least a year from now.
-Moore’s Law: Computing power will roughly double every 18 months.
-Bandwidth will continue to increase for most users almost ad infinitum.
-People will live longer and maintain active lifestyles far after retirement.
-Energy sources and consumption patterns will change drastically.
-The world will continue to be a very dangerous place.

How To Not Get Funded


-Have a half-baked idea
-Have a meatless business plan
-Can’t articulate your value proposition
-Can’t identify your market potential
-Can’t justify your sales projections
-Can’t show your investors an exit
-Can’t show your investors a reasonable expectation of a reasonable return on investment
-Don’t think about risk
-Take no risk yourself
-Don’t take time to do your homework
-Try to fund a “lifestyle” venture

Funding Your Venture

-The hardest funding to raise is the first funding. You are probably on your own.
-Later funding gets progressively easier depending on the results you can show to investors and what you need to fund.
-BANKS are probably not going to help.
-The best funding is INTERNAL funding (reinvested earnings).
-PRIVATE EQUITY is the current buzzword for the major capital source for business ventures.
Closing thoughts

picture source :https://wealthygorilla.com/23-wise-warren-buffett-quotes-on-success/

While growing up I used to remember being told that you should not go into a business just because you want to make profit, that has been true and it has been guiding me all the way along in the business. You should go into the business due to the passion you have.

[winterland]

The picture of warren buffett  is hilarious but so true at the same time, you need to know how to evaluate a business opportunity and unless you are able to see the way to make that a reality then your default answer must be no.

[shield132]

OP you say that The idea is not what is important. I can't agree you, innovative idea is what makes business successful but also idea needs to be realized in a smart way. Imagine google, it's not a first search engine but with it's speed, design and functions it become first. Also bitcoin, not a first one but it was still an innovative idea like google because on that time there was only 2-3 simular thing.
Also don't forget, we can patent idea and earn money with it.

[Rahar02]

OP you say that The idea is not what is important. I can't agree you, innovative idea is what makes business successful but also idea needs to be realized in a smart way. Imagine google, it's not a first search engine but with it's speed, design and functions it become first. Also bitcoin, not a first one but it was still an innovative idea like google because on that time there was only 2-3 simular thing.
Also don't forget, we can patent idea and earn money with it.

“The idea is not what is important. In entrepreneurship; ideas are a dime a dozen. Developing the idea, implementing it, and building a successful business are the important things.”
That's way Op mentioned it, there are a lot of ideas, there are many similar business, ideas are dime dozen but the most important thing is how to develop the idea, make it better, implement it. Just like you said, Google isn't the first one, the idea still the same > a search engine, but Google could manage to develop and implemented various features to make their product better than yahoo.
I'm not sure with bitcoin, as far as I know bitcoin is the first decentralized digital currency.

[rushel22]

In starting a business, you need to consider a lot of things such as the money for your capital, the place or location, target market, investors, number of people as your employees, the money for the construction of the building and etc. And most important thing is the skills of managing your money in order to gain in your planned business and actually, there's more but I think, I don't need to enumerate it all because the things that we need to consider depends on what kind of business we want to start to build.

[Lpim01]

This are the things that might you consider before starting a business. How much is your capital, is your capital could be enough to sustain the needs of your business? Place or location, besure that it is wide open to the public and lot of people around. And last is, it is highly demand by the community. Know your business well and run it with passion and dedication.

[Aprijhunot]

Now we can see a lot of business opportunities that exist around us, be it pure online business or offline business that is go online. However, the number of business opportunities does not necessarily allow us to easily choose and run the business we want.

There are a few things we need to consider and consider before deciding to choose and run a business that first prepares capital, the second prepares the workforce, the third is the provision of raw materials as well as techniques in running the business, marketing the business optimally, then profit a business, risk a business, concerning business competition and pay attention to the latest business management is the facility and the fringe.

[iv4n]

I like quotation from Warren Buffet "..is that really successful people say NO to almost everything." You really need to just pass many stupid things and concentrate on couple good ones. Its easier for successful people to choose because they can pick safer investments that bring 10% profit or less and with their millions invested that 10% or less is a lot of money. Hard part is to become successful, we need to risk more and look for investments that bring more then 100% profit, and that is in most cases like gambling.

[Mikasa77]

Well I just want to share some information regarding on how to start a business because as we can see, we are all want to have a stable business and we want to be a very good entrepreneur someday because if we're just working and working to earn money then if we can't work anymore we won't be able to sustain our needs anymore. I think this is worth reading especially those who are planning to build an ICO or a project. I've got this from my professor on college :

NOTE-REFERENCES :  Webster’s College Dictionary (Random House/McGraw Hill)
What is an Entrepreneur?
Entrepreneur: A person who organizes and manages an enterprise, especially a business, usually with considerable initiative and risk.
Initiative: Readiness and ability in initiating action.
Risk: The hazard or chance of loss.

NOTE-REFERENCES : The Portable MBA in Entrepreneurship, 2nd Ed.; William D. Bygrave, Editor. John Wiley and Sons Publishers, 1997.
What Does it Take to Be Successful?

• “In entrepreneurship, luck is where preparation and opportunity meet.”

• “The idea is not what is important. In entrepreneurship; ideas are a dime a dozen. Developing the idea, implementing it, and building a successful business are the important things.”

• “Would-be entrepreneurs who are unable to name customers are not ready to start a business. They have only found an idea and have not yet identified a market need.”

• Somehow, someday… you are going to have to earn POSITIVE CASH FLOW. You need more than a revenue model (but you do need that). You need a VALUE model.
  

• Market share is great, but you can’t pay bills with it.
  

• You can do some financially stupid things to build market share.
  

Where Do You Start?
Think about WHO is going to want your product/service, what they will PAY for it, what you will NEED to carry it off, and how you will MAKE MONEY someday. That is, make a PLAN.

Success depends on
positive cash flow, growth,
 and value creation.

   Owners and investors who forget that tend to get “naturally deselected.”

The Importance of Value Creation

• A successful business is one that delivers value to its customers and creates value for its owners.

Value is delivered to your customers when you do something for them
Better
Cheaper
Faster
Cooler
Different
However, it is likely that none of these will work for long, so continuous improvement and innovation are essential.

Value is created for the owners when:
-You do more with their money than they could do with it themselves
-You invest in productive activities that earn rates of return greater than their risk-adjusted costs of capital.
-The present value of future cash flows exceeds the startup costs.

Value is created by:
-Exploiting proprietary physical resources
-Possessing proprietary knowledge or expertise
-Creating a new or improved product, process, or service
-Staying ahead of the competition through constant improvement and innovation
   
Planning for Success

-Don’t plan a business for today – Plan it for at least a year from now.
-Moore’s Law: Computing power will roughly double every 18 months.
-Bandwidth will continue to increase for most users almost ad infinitum.
-People will live longer and maintain active lifestyles far after retirement.
-Energy sources and consumption patterns will change drastically.
-The world will continue to be a very dangerous place.

How To Not Get Funded


-Have a half-baked idea
-Have a meatless business plan
-Can’t articulate your value proposition
-Can’t identify your market potential
-Can’t justify your sales projections
-Can’t show your investors an exit
-Can’t show your investors a reasonable expectation of a reasonable return on investment
-Don’t think about risk
-Take no risk yourself
-Don’t take time to do your homework
-Try to fund a “lifestyle” venture

Funding Your Venture

-The hardest funding to raise is the first funding. You are probably on your own.
-Later funding gets progressively easier depending on the results you can show to investors and what you need to fund.
-BANKS are probably not going to help.
-The best funding is INTERNAL funding (reinvested earnings).
-PRIVATE EQUITY is the current buzzword for the major capital source for business ventures.
Closing thoughts

picture source :https://wealthygorilla.com/23-wise-warren-buffett-quotes-on-success/

This information is very helpful to me as well as those people who wants to build a business. Here they can learn some different things and ideas what a businessman is or a business man should do. I hope more businessman will share their knowledge here upon building or starting up a business.

[hahay]

There are many things to consider and must have before starting a business.
1. Intentions,
2. The science of business to be built,
3. Capital,
4. Sales or marketing strategies, and
5. Strong mental and not afraid to fail
6. etc.
I think the five things that must be considered before start a business, I just think in general, because I also want to start a business but I personally only have "intentions" only and I do not have the basic skills to start a business.
it's sad

[theunbeatable]

Well , the economic text books made a  list of things and simplified them as what one has to consider before venturing into a business, the;
Capital - which is a determining factor to the kind of business to establish.
Access to road- important for conveyance of human & materials  Access to raw materials — closeness is better because of materials.
Access to customers equally very important too etc
Thus, above all, personally I think what one needs more to succeed in business is strong passion. Strong passion is what would make one have hope to get up when they are fallen. 

ON point, because these lines (intextbooks and in articles) will always be just lines of wordsif we dont have that passion to pursue what we want to do. And some are just working with a blank face because they are just trying to push what they dont want to do. Wrong scale of work will bring you despair and I think if you got older you want to take back the time and do what can make you happy. Passion is the fuel of all dedications and dreams.

I think a lot of things to be prepared before starting to do business. Calculation errors can make the business we live will go bankrupt. The calculation of operational biyaya be one of the things that must be considered in starting a business that we will live. the business world is a world full of manipulation. lest we be fooled by our own business associates. choose a business partner who really can be trusted for the business we live can run smoothly. and also need a great marketing system. so we must have a very reliable marketing. so that the business we live can be right on target.

Oww I great example is the documentary of BILL gATES VS JOBS, JObs, The imitation game or other films that deals with those people around you. You will only know your true friend or partner in business in desperate times and sometimes those what you think will alkways be there for you will be gone ehrn you are in trouble.

A good business will always need a true friend and a very true partner.

[Kiweikoo]

There are many things to consider and must have before starting a business.
1. Intentions,
2. The science of business to be built,
3. Capital,
4. Sales or marketing strategies, and
5. Strong mental and not afraid to fail
6. etc.
I think the five things that must be considered before start a business, I just think in general, because I also want to start a business but I personally only have "intentions" only and I do not have the basic skills to start a business.
it's sad

Don’t be sad at least, mate. You can start business in a team if you are lacking some of these skills. The most important thing is to have some goal and intentions to work for achieving it and you have both. So no need to feel blue! Just smile and keep working with bitcoins to make money. After you make a good profit, go for business.

[KEPLER99]

Well I just want to share some information regarding on how to start a business because as we can see, we are all want to have a stable business and we want to be a very good entrepreneur someday because if we're just working and working to earn money then if we can't work anymore we won't be able to sustain our needs anymore. I think this is worth reading especially those who are planning to build an ICO or a project. I've got this from my professor on college :

NOTE-REFERENCES :  Webster’s College Dictionary (Random House/McGraw Hill)
What is an Entrepreneur?
Entrepreneur: A person who organizes and manages an enterprise, especially a business, usually with considerable initiative and risk.
Initiative: Readiness and ability in initiating action.
Risk: The hazard or chance of loss.

NOTE-REFERENCES : The Portable MBA in Entrepreneurship, 2nd Ed.; William D. Bygrave, Editor. John Wiley and Sons Publishers, 1997.
What Does it Take to Be Successful?

• “In entrepreneurship, luck is where preparation and opportunity meet.”

• “The idea is not what is important. In entrepreneurship; ideas are a dime a dozen. Developing the idea, implementing it, and building a successful business are the important things.”

• “Would-be entrepreneurs who are unable to name customers are not ready to start a business. They have only found an idea and have not yet identified a market need.”

• Somehow, someday… you are going to have to earn POSITIVE CASH FLOW. You need more than a revenue model (but you do need that). You need a VALUE model.
  

• Market share is great, but you can’t pay bills with it.
  

• You can do some financially stupid things to build market share.
  

Where Do You Start?
Think about WHO is going to want your product/service, what they will PAY for it, what you will NEED to carry it off, and how you will MAKE MONEY someday. That is, make a PLAN.

Success depends on
positive cash flow, growth,
 and value creation.

   Owners and investors who forget that tend to get “naturally deselected.”

The Importance of Value Creation

• A successful business is one that delivers value to its customers and creates value for its owners.

Value is delivered to your customers when you do something for them
Better
Cheaper
Faster
Cooler
Different
However, it is likely that none of these will work for long, so continuous improvement and innovation are essential.

Value is created for the owners when:
-You do more with their money than they could do with it themselves
-You invest in productive activities that earn rates of return greater than their risk-adjusted costs of capital.
-The present value of future cash flows exceeds the startup costs.

Value is created by:
-Exploiting proprietary physical resources
-Possessing proprietary knowledge or expertise
-Creating a new or improved product, process, or service
-Staying ahead of the competition through constant improvement and innovation
   
Planning for Success

-Don’t plan a business for today – Plan it for at least a year from now.
-Moore’s Law: Computing power will roughly double every 18 months.
-Bandwidth will continue to increase for most users almost ad infinitum.
-People will live longer and maintain active lifestyles far after retirement.
-Energy sources and consumption patterns will change drastically.
-The world will continue to be a very dangerous place.

How To Not Get Funded


-Have a half-baked idea
-Have a meatless business plan
-Can’t articulate your value proposition
-Can’t identify your market potential
-Can’t justify your sales projections
-Can’t show your investors an exit
-Can’t show your investors a reasonable expectation of a reasonable return on investment
-Don’t think about risk
-Take no risk yourself
-Don’t take time to do your homework
-Try to fund a “lifestyle” venture

Funding Your Venture

-The hardest funding to raise is the first funding. You are probably on your own.
-Later funding gets progressively easier depending on the results you can show to investors and what you need to fund.
-BANKS are probably not going to help.
-The best funding is INTERNAL funding (reinvested earnings).
-PRIVATE EQUITY is the current buzzword for the major capital source for business ventures.
Closing thoughts

picture source :https://wealthygorilla.com/23-wise-warren-buffett-quotes-on-success/

Starting a business isn’t a really easy thing and it is the period in which the most important decisions and planning are done. It is one of the most important times in the business. Things that should be considered are: funding source, productivity, labour force.

[sasaki111]

If you want to starting a business , make sure you have these 3 things:
- Relationship : It will make your business more easy in the first time.
- Money : Money is the most important thing in every investment or business
- Experience : In business there will be some mistakes, experience will help you stay away from them.

[Koadharber]

If you want to starting a business , make sure you have these 3 things:
- Relationship : It will make your business more easy in the first time.
- Money : Money is the most important thing in every investment or business
- Experience : In business there will be some mistakes, experience will help you stay away from them.

How if you dont have an experience since this is your first time to engage on business but you are still eager to proceed then its up to you as long you do know on what you are doing.Having preparations and proper research will really be suggested on here because if we jump in without any knowledge then we would end up on losing those funds you do capital.

[BitcoinCommodor]

Well I just want to share some information regarding on how to start a business because as we can see, we are all want to have a stable business and we want to be a very good entrepreneur someday because if we're just working and working to earn money then if we can't work anymore we won't be able to sustain our needs anymore. I think this is worth reading especially those who are planning to build an ICO or a project. I've got this from my professor on college :

NOTE-REFERENCES :  Webster’s College Dictionary (Random House/McGraw Hill)
What is an Entrepreneur?
Entrepreneur: A person who organizes and manages an enterprise, especially a business, usually with considerable initiative and risk.
Initiative: Readiness and ability in initiating action.
Risk: The hazard or chance of loss.

NOTE-REFERENCES : The Portable MBA in Entrepreneurship, 2nd Ed.; William D. Bygrave, Editor. John Wiley and Sons Publishers, 1997.
What Does it Take to Be Successful?

• “In entrepreneurship, luck is where preparation and opportunity meet.”

• “The idea is not what is important. In entrepreneurship; ideas are a dime a dozen. Developing the idea, implementing it, and building a successful business are the important things.”

• “Would-be entrepreneurs who are unable to name customers are not ready to start a business. They have only found an idea and have not yet identified a market need.”

• Somehow, someday… you are going to have to earn POSITIVE CASH FLOW. You need more than a revenue model (but you do need that). You need a VALUE model.
  

• Market share is great, but you can’t pay bills with it.
  

• You can do some financially stupid things to build market share.
  

Where Do You Start?
Think about WHO is going to want your product/service, what they will PAY for it, what you will NEED to carry it off, and how you will MAKE MONEY someday. That is, make a PLAN.

Success depends on
positive cash flow, growth,
 and value creation.

   Owners and investors who forget that tend to get “naturally deselected.”

The Importance of Value Creation

• A successful business is one that delivers value to its customers and creates value for its owners.

Value is delivered to your customers when you do something for them
Better
Cheaper
Faster
Cooler
Different
However, it is likely that none of these will work for long, so continuous improvement and innovation are essential.

Value is created for the owners when:
-You do more with their money than they could do with it themselves
-You invest in productive activities that earn rates of return greater than their risk-adjusted costs of capital.
-The present value of future cash flows exceeds the startup costs.

Value is created by:
-Exploiting proprietary physical resources
-Possessing proprietary knowledge or expertise
-Creating a new or improved product, process, or service
-Staying ahead of the competition through constant improvement and innovation
   
Planning for Success

-Don’t plan a business for today – Plan it for at least a year from now.
-Moore’s Law: Computing power will roughly double every 18 months.
-Bandwidth will continue to increase for most users almost ad infinitum.
-People will live longer and maintain active lifestyles far after retirement.
-Energy sources and consumption patterns will change drastically.
-The world will continue to be a very dangerous place.

How To Not Get Funded


-Have a half-baked idea
-Have a meatless business plan
-Can’t articulate your value proposition
-Can’t identify your market potential
-Can’t justify your sales projections
-Can’t show your investors an exit
-Can’t show your investors a reasonable expectation of a reasonable return on investment
-Don’t think about risk
-Take no risk yourself
-Don’t take time to do your homework
-Try to fund a “lifestyle” venture

Funding Your Venture

-The hardest funding to raise is the first funding. You are probably on your own.
-Later funding gets progressively easier depending on the results you can show to investors and what you need to fund.
-BANKS are probably not going to help.
-The best funding is INTERNAL funding (reinvested earnings).
-PRIVATE EQUITY is the current buzzword for the major capital source for business ventures.
Closing thoughts

picture source :https://wealthygorilla.com/23-wise-warren-buffett-quotes-on-success/

You need to consider first if you have passion for the business you are planning on going into, if you have passion then every other thing can follow, because passion would keep you moving even when everyting seems to have failed.

[Maddinson100]

Well I just want to share some information regarding on how to start a business because as we can see, we are all want to have a stable business and we want to be a very good entrepreneur someday because if we're just working and working to earn money then if we can't work anymore we won't be able to sustain our needs anymore. I think this is worth reading especially those who are planning to build an ICO or a project. I've got this from my professor on college :

NOTE-REFERENCES :  Webster’s College Dictionary (Random House/McGraw Hill)
What is an Entrepreneur?
Entrepreneur: A person who organizes and manages an enterprise, especially a business, usually with considerable initiative and risk.
Initiative: Readiness and ability in initiating action.
Risk: The hazard or chance of loss.

NOTE-REFERENCES : The Portable MBA in Entrepreneurship, 2nd Ed.; William D. Bygrave, Editor. John Wiley and Sons Publishers, 1997.
What Does it Take to Be Successful?

• “In entrepreneurship, luck is where preparation and opportunity meet.”

• “The idea is not what is important. In entrepreneurship; ideas are a dime a dozen. Developing the idea, implementing it, and building a successful business are the important things.”

• “Would-be entrepreneurs who are unable to name customers are not ready to start a business. They have only found an idea and have not yet identified a market need.”

• Somehow, someday… you are going to have to earn POSITIVE CASH FLOW. You need more than a revenue model (but you do need that). You need a VALUE model.
  

• Market share is great, but you can’t pay bills with it.
  

• You can do some financially stupid things to build market share.
  

Where Do You Start?
Think about WHO is going to want your product/service, what they will PAY for it, what you will NEED to carry it off, and how you will MAKE MONEY someday. That is, make a PLAN.

Success depends on
positive cash flow, growth,
 and value creation.

   Owners and investors who forget that tend to get “naturally deselected.”

The Importance of Value Creation

• A successful business is one that delivers value to its customers and creates value for its owners.

Value is delivered to your customers when you do something for them
Better
Cheaper
Faster
Cooler
Different
However, it is likely that none of these will work for long, so continuous improvement and innovation are essential.

Value is created for the owners when:
-You do more with their money than they could do with it themselves
-You invest in productive activities that earn rates of return greater than their risk-adjusted costs of capital.
-The present value of future cash flows exceeds the startup costs.

Value is created by:
-Exploiting proprietary physical resources
-Possessing proprietary knowledge or expertise
-Creating a new or improved product, process, or service
-Staying ahead of the competition through constant improvement and innovation
   
Planning for Success

-Don’t plan a business for today – Plan it for at least a year from now.
-Moore’s Law: Computing power will roughly double every 18 months.
-Bandwidth will continue to increase for most users almost ad infinitum.
-People will live longer and maintain active lifestyles far after retirement.
-Energy sources and consumption patterns will change drastically.
-The world will continue to be a very dangerous place.

How To Not Get Funded


-Have a half-baked idea
-Have a meatless business plan
-Can’t articulate your value proposition
-Can’t identify your market potential
-Can’t justify your sales projections
-Can’t show your investors an exit
-Can’t show your investors a reasonable expectation of a reasonable return on investment
-Don’t think about risk
-Take no risk yourself
-Don’t take time to do your homework
-Try to fund a “lifestyle” venture

Funding Your Venture

-The hardest funding to raise is the first funding. You are probably on your own.
-Later funding gets progressively easier depending on the results you can show to investors and what you need to fund.
-BANKS are probably not going to help.
-The best funding is INTERNAL funding (reinvested earnings).
-PRIVATE EQUITY is the current buzzword for the major capital source for business ventures.
Closing thoughts

picture source :https://wealthygorilla.com/23-wise-warren-buffett-quotes-on-success/

Starting a business might not be as easy as it might seem to be, because there are many things that need to be put in place and carefully researched before starting the business to avoid crashing the business.

[winterland]

OP you say that The idea is not what is important. I can't agree you, innovative idea is what makes business successful but also idea needs to be realized in a smart way. Imagine google, it's not a first search engine but with it's speed, design and functions it become first. Also bitcoin, not a first one but it was still an innovative idea like google because on that time there was only 2-3 simular thing.
Also don't forget, we can patent idea and earn money with it.

“The idea is not what is important. In entrepreneurship; ideas are a dime a dozen. Developing the idea, implementing it, and building a successful business are the important things.”
That's way Op mentioned it, there are a lot of ideas, there are many similar business, ideas are dime dozen but the most important thing is how to develop the idea, make it better, implement it. Just like you said, Google isn't the first one, the idea still the same > a search engine, but Google could manage to develop and implemented various features to make their product better than yahoo.
I'm not sure with bitcoin, as far as I know bitcoin is the first decentralized digital currency.

This, making the idea a reality is the key, something like the internet has been thought by people hundreds of years ago, something like bitcoin was envisioned since the eighties but satoshi was the only one that could make that a reality and that is why bitcoin is so valuable.

[Milo_Kidd]

There are a lot of things to consider, you should consider the cost of operation, the profitability, the
evergreeness of the business(ability to generate money in all kinds of situation) and also you should consider marketing as this goes a long way

First thing to consider is the place where you want to start, the people (consumer), materials, advantages and disadvantages. In business for it is adaptation between people, place (business) and government (policy). The key for here is just adaptation. Just observe and study your location before you start and proceed to material for the demand and supply. Consider how the raw materials. It should easy to access (transfer). My suggestion is start in small one (experiment) to make it successful. Keep exploring.

[winterland]

If you want to starting a business , make sure you have these 3 things:
- Relationship : It will make your business more easy in the first time.
- Money : Money is the most important thing in every investment or business
- Experience : In business there will be some mistakes, experience will help you stay away from them.

How if you dont have an experience since this is your first time to engage on business but you are still eager to proceed then its up to you as long you do know on what you are doing.Having preparations and proper research will really be suggested on here because if we jump in without any knowledge then we would end up on losing those funds you do capital.

If you do not have the experience you could always hire someone with the right experience and if that is not enough you could always delay starting your business until you get some experience under your belt, just remember to not postpone your dreams for too long or you may never make them come true.

[GrayFullbuster]

I can say that capital and knowledge is very important before starting a business. If you have big capital, for sure you can make many profit but you must have a lot of knowledge to become successful.

[bitgolden]

OP you say that The idea is not what is important. I can't agree you, innovative idea is what makes business successful but also idea needs to be realized in a smart way. Imagine google, it's not a first search engine but with it's speed, design and functions it become first. Also bitcoin, not a first one but it was still an innovative idea like google because on that time there was only 2-3 simular thing.
Also don't forget, we can patent idea and earn money with it.

“The idea is not what is important. In entrepreneurship; ideas are a dime a dozen. Developing the idea, implementing it, and building a successful business are the important things.”
That's way Op mentioned it, there are a lot of ideas, there are many similar business, ideas are dime dozen but the most important thing is how to develop the idea, make it better, implement it. Just like you said, Google isn't the first one, the idea still the same > a search engine, but Google could manage to develop and implemented various features to make their product better than yahoo.
I'm not sure with bitcoin, as far as I know bitcoin is the first decentralized digital currency.

This, making the idea a reality is the key, something like the internet has been thought by people hundreds of years ago, something like bitcoin was envisioned since the eighties but satoshi was the only one that could make that a reality and that is why bitcoin is so valuable.

I agree with you in this regard. Business can’t be set up just by cramming different business theories and plans. There are many other things that count like your financial condition, your investors, your team etc. You need support of those who have been already in this field to avoid blunders.

[winterland]

I can say that capital and knowledge is very important before starting a business. If you have big capital, for sure you can make many profit but you must have a lot of knowledge to become successful.

Capital is important but it is the less important of all the factors to make a business a success, how many business have started with no money or with a loan and they have become extremely big and valuable as time has passed.

[monica69]

Some countries did not accept the bitcoin cause its illegal, and some people have no idea about in bitcoin. .
If you develop a product or service, make sure that you have a market on that product or service and affordable as well to your chosen market. Quality is over quantity because if you have quality products/services then people will come back to you since they will like it so quantity will follow. A business needs fuel or capital and you can get it from your family or friends at first if you are just starting.To start a business you need to plan, think the possible result, like what you said it needs a place were it is demand and has many people.
This time if you use bitcoin in the business it is not a good idea, this is because the popularity and the legalise of bitcoin. Some countries did not accept the bitcoin cause its illegal, and some people have no idea about in bitcoin.  Just start small and eventually it will get bigger if you are successful.

[Creating N Action]

1. Budget is the first thing to consider before we starting a business.
2.Product that make it profitable.
3. Place that have many consumer.
4. Market trends that the consumer need.
5. Expected costumers so that the products that I will offer is not useless.

[Sled]

1. Budget is the first thing to consider before we starting a business.
2.Product that make it profitable.
3. Place that have many consumer.
4. Market trends that the consumer need.
5. Expected costumers so that the products that I will offer is not useless.

Those things that you said are true. Business needs a lot of preparation and you need to do the things like those in order to execute a business in a great way. Business needed to be planned very well even in the budget because the budget will tell if how far can that business can go and what are the things that it can do for us people who are planning to build a business.

[Btcjunpitz18]

1. Budget is the first thing to consider before we starting a business.
2.Product that make it profitable.
3. Place that have many consumer.
4. Market trends that the consumer need.
5. Expected costumers so that the products that I will offer is not useless.

Those things that you said are true. Business needs a lot of preparation and you need to do the things like those in order to execute a business in a great way. Business needed to be planned very well even in the budget because the budget will tell if how far can that business can go and what are the things that it can do for us people who are planning to build a business.

You need to consider your capital and you need also to consider what type of business you are in line with. Try also to gather information  and do some research what is the demand of the customers.

[Jeremiesaranza]

Well I just want to share some information regarding on how to start a business because as we can see, we are all want to have a stable business and we want to be a very good entrepreneur someday because if we're just working and working to earn money then if we can't work anymore we won't be able to sustain our needs anymore. I think this is worth reading especially those who are planning to build an ICO or a project. I've got this from my professor on college :

NOTE-REFERENCES :  Webster’s College Dictionary (Random House/McGraw Hill)
What is an Entrepreneur?
Entrepreneur: A person who organizes and manages an enterprise, especially a business, usually with considerable initiative and risk.
Initiative: Readiness and ability in initiating action.
Risk: The hazard or chance of loss.

NOTE-REFERENCES : The Portable MBA in Entrepreneurship, 2nd Ed.; William D. Bygrave, Editor. John Wiley and Sons Publishers, 1997.
What Does it Take to Be Successful?

• “In entrepreneurship, luck is where preparation and opportunity meet.”

• “The idea is not what is important. In entrepreneurship; ideas are a dime a dozen. Developing the idea, implementing it, and building a successful business are the important things.”

• “Would-be entrepreneurs who are unable to name customers are not ready to start a business. They have only found an idea and have not yet identified a market need.”

• Somehow, someday… you are going to have to earn POSITIVE CASH FLOW. You need more than a revenue model (but you do need that). You need a VALUE model.
  

• Market share is great, but you can’t pay bills with it.
  

• You can do some financially stupid things to build market share.
  

Where Do You Start?
Think about WHO is going to want your product/service, what they will PAY for it, what you will NEED to carry it off, and how you will MAKE MONEY someday. That is, make a PLAN.

Success depends on
positive cash flow, growth,
 and value creation.

   Owners and investors who forget that tend to get “naturally deselected.”

The Importance of Value Creation

• A successful business is one that delivers value to its customers and creates value for its owners.

Value is delivered to your customers when you do something for them
Better
Cheaper
Faster
Cooler
Different
However, it is likely that none of these will work for long, so continuous improvement and innovation are essential.

Value is created for the owners when:
-You do more with their money than they could do with it themselves
-You invest in productive activities that earn rates of return greater than their risk-adjusted costs of capital.
-The present value of future cash flows exceeds the startup costs.

Value is created by:
-Exploiting proprietary physical resources
-Possessing proprietary knowledge or expertise
-Creating a new or improved product, process, or service
-Staying ahead of the competition through constant improvement and innovation
   
Planning for Success

-Don’t plan a business for today – Plan it for at least a year from now.
-Moore’s Law: Computing power will roughly double every 18 months.
-Bandwidth will continue to increase for most users almost ad infinitum.
-People will live longer and maintain active lifestyles far after retirement.
-Energy sources and consumption patterns will change drastically.
-The world will continue to be a very dangerous place.

How To Not Get Funded


-Have a half-baked idea
-Have a meatless business plan
-Can’t articulate your value proposition
-Can’t identify your market potential
-Can’t justify your sales projections
-Can’t show your investors an exit
-Can’t show your investors a reasonable expectation of a reasonable return on investment
-Don’t think about risk
-Take no risk yourself
-Don’t take time to do your homework
-Try to fund a “lifestyle” venture

Funding Your Venture

-The hardest funding to raise is the first funding. You are probably on your own.
-Later funding gets progressively easier depending on the results you can show to investors and what you need to fund.
-BANKS are probably not going to help.
-The best funding is INTERNAL funding (reinvested earnings).
-PRIVATE EQUITY is the current buzzword for the major capital source for business ventures.
Closing thoughts

picture source :https://wealthygorilla.com/23-wise-warren-buffett-quotes-on-success/

First thing to consider is the location  what type of business your going to invest, the population of the people,the ambiance, the uniqueness of the set up and settings a friendly owner and staff, be patient at the first months because you are making your maket to become popular to the place you are building a business

[migolmigol]

A great topic to start the year! And a very well explained with thorough discussions of each element on things to be considered before starting into a business. In statics, 9 out of 10 start up businesses fail. And in my opinion it is all because of lack of preparation. Some people nowadays just put up a business without thinking of both internal and external factors. Not everything can be put into passion. You have to be smart and know how to minimize the rism of the business before establishing it.

[dvillier]

If you want to start your own business then you should have some practical experience before starting business.
To get experience you need to make relation with success traders and get tips about trading from them.
You should have more than enough knowledge about your idea of trading.
You should have patience quality and risk taking quality.

[pantet]

Things to consider before starting a business are; capital, location, strategies on how to run your business, people and a lot more. Its not easy to put up a business you need to study first on everything especially the location and your market or customers of your business to make it successful in the long run.

[akishang]

In my opinion, if you are planning to have a business, you need to make that it is something that defines you as a person. Having a business that is not in your interest might be a bad idea. You should enjoy what you were doing and money should come secondary. Know the pros and cons of you business and plan ahead. Research the things that cab improve your business,know the trend and make surr to have a good location to attract customers.

[tannerchum]

There are a lot of things to be consider in starting a business. First you should know the types of business plan if that business you wanted to hve is big. You should do the feasibility study, concept plan, business plan and the project proposal. Those types of business plan has its own components before you can conclude that exact or perfect businessyou wanted to have. The most important is you should aask yourself are you really ready to open up with business. Also do you have exact amount for your capital.

[Masongrae]

If you plan to have a business you must be open minded, be determined and focus. First make a Plan, think what are the things you think that can comply costumers needs for their satisfaction, then set a timeframe or
timetable upon planning, must have the budget,  then execute. God bless.

[andrei56]

Probably one of the most important lessons when opening a business is that you need to understand that most business are not profitable in the first year, you need to be ready to absorb all the costs, that is why you see that most of the business that declare bankruptcy were the ones that opened recently.

[micher143]

Having one's own business can be the biggest dream anybody can get into as far as achieving financial freedom is concerned. And we need more entrepreneurs who are willing to take the risks in realizing their dreams...these are the people who are contributing big to the country's economy and can start a ripple effect because there is a big chance they can be hiring people too.

However, getting into a successful business is not that easy that is we have to be prepared while we are making some risks. Risks have to be mitigated so the impact is lessen while the business potential for growth is maximized. I always have a big and deep respect for people who are risk-takers but knows what they are doing.

The concept of being an entrepreneur rather than a business man can totally help us to achieve more rather than to just think on profit we should consider our target consumers and buyers that May give us rewards on our product and services. We should also maximazed our service and product , and we need to be open on development and growth that could possibly help us to bring good service and product for people.

[gg20222]

If you can open a business you should be open minded person. And have enough koney to start a business of your own

[Naughty Princess]

Probably one of the most important lessons when opening a business is that you need to understand that most business are not profitable in the first year, you need to be ready to absorb all the costs, that is why you see that most of the business that declare bankruptcy were the ones that opened recently.

Think what kind of business if it is needed in the market.  Place it where customers can accommodate the service more conveniently. Since you are starting a business you have to consider all the risk.

[Fantastic33]

Having a business will definitely help you to earn more. But you need to know a lot before putting up a business, such as how will you run it, do you have enough capital, and how to make it stable. Its not easy. You should also focus on it and love what you are doing. Choose a business of your interest that fits your personality.

[rickadone]

In my opinion, if you are planning to have a business, you need to make that it is something that defines you as a person. Having a business that is not in your interest might be a bad idea. You should enjoy what you were doing and money should come secondary. Know the pros and cons of you business and plan ahead. Research the things that cab improve your business,know the trend and make surr to have a good location to attract customers.

There is something about passion when it comes to the things you are doing as you can really see what you are doing not just as a business but as a hobby that gets you money and nothing can be as sweet as that.

However, for someone like me, making money is really even a hobby and that is the reason I really usually do not care what I am venturing into, and as long as I understand the business, I push hard to get it working and when I am bored, I have people to recruit to get the work going, while I start thinking of something else.

[cramcram21]

The capital and the time management and also your location what is the best business to do in your location,
You should first review or look for something that would be in trend in your location .

[pallang]

Before starting a business you should check the location first then sufficient capital to open a business and also think of the right commodities to sell what are the basic needs of the people or maybe things that you are only the one selling.

[mgwm]

Who are your target market
What is the need of your target market
Did your product or service that will make the customer likeable
Did the business will be grow or it will have losses
Or the business has a social responsibility
And think that your business is negotiable to investors

Just make a business plan that have a complete content that will guide what business you want to have make sure your business will grow.

[gandame]

Before starting a business you should check the location first then sufficient capital to open a business and also think of the right commodities to sell what are the basic needs of the people or maybe things that you are only the one selling.

That is good idea because once you want to enter business you want also what is the best product you sell for your customer. And we need to think twice or more before we do that thing.

[dharnamonitor]

Before starting a business you should check the location first then sufficient capital to open a business and also think of the right commodities to sell what are the basic needs of the people or maybe things that you are only the one selling.

That is good idea because once you want to enter business you want also what is the best product you sell for your customer. And we need to think twice or more before we do that thing.

Before taking a huge step in starting a business, we can make a feasibility study for it so that we can see if the business is ideally and technically feasible enough. Consider also the uniqueness and affordability of the product

[cheann20]

 We all know that It's hard to start a business especially if it's not our forte. And sometimes having knowledge is not enough, or having money only is not enough too. And as a business man/woman  You should have capital first, and you must familiar with the business which you are going to establish and it has to be a volume market. You are ready for the possibility that you may face when your operate, then had knowledge about how manage your own business ..

[wuvdoll]

There are a lot of things to be consider in starting a business. First you should know the types of business plan if that business you wanted to hve is big. You should do the feasibility study, concept plan, business plan and the project proposal. Those types of business plan has its own components before you can conclude that exact or perfect businessyou wanted to have. The most important is you should aask yourself are you really ready to open up with business. Also do you have exact amount for your capital.

So many things and while a lot of people get themselves limited due to the fact that they do not have all the information to know the right thing to do at the right time to get on moving, they end getting to mess things up instead until they realize that they still have a lot to learn.

This stuff that the OP shared is simply something that can really be of help for those who are starting a business to know some of the things they really need to touch while doing their stuff.

[Batang Hambog]

Well I just want to share some information regarding on how to start a business because as we can see, we are all want to have a stable business and we want to be a very good entrepreneur someday because if we're just working and working to earn money then if we can't work anymore we won't be able to sustain our needs anymore. I think this is worth reading especially those who are planning to build an ICO or a project. I've got this from my professor on college :

NOTE-REFERENCES :  Webster’s College Dictionary (Random House/McGraw Hill)
What is an Entrepreneur?
Entrepreneur: A person who organizes and manages an enterprise, especially a business, usually with considerable initiative and risk.
Initiative: Readiness and ability in initiating action.
Risk: The hazard or chance of loss.

NOTE-REFERENCES : The Portable MBA in Entrepreneurship, 2nd Ed.; William D. Bygrave, Editor. John Wiley and Sons Publishers, 1997.
What Does it Take to Be Successful?

• “In entrepreneurship, luck is where preparation and opportunity meet.”

• “The idea is not what is important. In entrepreneurship; ideas are a dime a dozen. Developing the idea, implementing it, and building a successful business are the important things.”

• “Would-be entrepreneurs who are unable to name customers are not ready to start a business. They have only found an idea and have not yet identified a market need.”

• Somehow, someday… you are going to have to earn POSITIVE CASH FLOW. You need more than a revenue model (but you do need that). You need a VALUE model.
  

• Market share is great, but you can’t pay bills with it.
  

• You can do some financially stupid things to build market share.
  

Where Do You Start?
Think about WHO is going to want your product/service, what they will PAY for it, what you will NEED to carry it off, and how you will MAKE MONEY someday. That is, make a PLAN.

Success depends on
positive cash flow, growth,
 and value creation.

   Owners and investors who forget that tend to get “naturally deselected.”

The Importance of Value Creation

• A successful business is one that delivers value to its customers and creates value for its owners.

Value is delivered to your customers when you do something for them
Better
Cheaper
Faster
Cooler
Different
However, it is likely that none of these will work for long, so continuous improvement and innovation are essential.

Value is created for the owners when:
-You do more with their money than they could do with it themselves
-You invest in productive activities that earn rates of return greater than their risk-adjusted costs of capital.
-The present value of future cash flows exceeds the startup costs.

Value is created by:
-Exploiting proprietary physical resources
-Possessing proprietary knowledge or expertise
-Creating a new or improved product, process, or service
-Staying ahead of the competition through constant improvement and innovation
   
Planning for Success

-Don’t plan a business for today – Plan it for at least a year from now.
-Moore’s Law: Computing power will roughly double every 18 months.
-Bandwidth will continue to increase for most users almost ad infinitum.
-People will live longer and maintain active lifestyles far after retirement.
-Energy sources and consumption patterns will change drastically.
-The world will continue to be a very dangerous place.

How To Not Get Funded


-Have a half-baked idea
-Have a meatless business plan
-Can’t articulate your value proposition
-Can’t identify your market potential
-Can’t justify your sales projections
-Can’t show your investors an exit
-Can’t show your investors a reasonable expectation of a reasonable return on investment
-Don’t think about risk
-Take no risk yourself
-Don’t take time to do your homework
-Try to fund a “lifestyle” venture

Funding Your Venture

-The hardest funding to raise is the first funding. You are probably on your own.
-Later funding gets progressively easier depending on the results you can show to investors and what you need to fund.
-BANKS are probably not going to help.
-The best funding is INTERNAL funding (reinvested earnings).
-PRIVATE EQUITY is the current buzzword for the major capital source for business ventures.
Closing thoughts

picture source :https://wealthygorilla.com/23-wise-warren-buffett-quotes-on-success/

For me, if  you are planning to build up a business even if its big or small be sure that you have a capital that support your to your business. secondly you have a knowledge on how to manage an effective business, therefore you are hard working not during there is costumer but also when there is no.Thirdly you are willing to accept all attitude of your costumer probably there are some costumer that boastful sometimes in that point you are also open-minded for that particular case. thanks.

There are so many things to consider before you start to build or to create business. First and i think the most important is the capital or the money that you need for your business. Second is the business plan because it is important to have business plan for your business to maintain the operation.

[athanz88]

Well for me, I really love to share two things I think the best to do before making a business, which are :
1. Learn about your business before make it. The best way to make this easy is to do business in things that you know well and love. If you already master 1 business, then maybe you can grow it and expand it to other kind of business.
2. Backup money. For the early months, your business maybe wont goes well. So you need extra money to pay your worker fees or other fees like electricity, water, food, gases, etc. This is important. Because if you don't have some, it can make your in-progress business collapse.

Well, this topic does give me some thing to learn, as it is a lesson from a reliable source. Thanks very much for sharing.

[naidray]

A great topic to start the year! And a very well explained with thorough discussions of each element on things to be considered before starting into a business. In statics, 9 out of 10 start up businesses fail. And in my opinion it is all because of lack of preparation. Some people nowadays just put up a business without thinking of both internal and external factors. Not everything can be put into passion. You have to be smart and know how to minimize the rism of the business before establishing it.

Very well explained really. Starting a business is not a small thing to do at all as it requires a lot and without knowing some of these things, some people have ended up finding themselves in a situation where they just see that nothing is moving in their business, but with articles like this, it is so easy to get going and at least know some things you will have to watch out for first before starting your business.

In my experience, I have seen some of my friends do consider a lot of things for setting up their business and most of the points discussed were focusing on how to face the negative situations. I mean to say, we need to concentrate on how to manage an emergency situations then we can manage any business effectively.

We need to consider positive situations also but when we are mentally prepared for negative situations then we can manege any business profitable all the times regardless of what are hurdles we may face.

[sampalokmix]

This is actually a good read and very informative especially for those who wants to start a business. Honestly I also wanted to put up a business of my own but I'm trying to read some articles and information about starting a business. You can't just wake up one day and say I'll withdraw money from the bank to start a business today, of course it needs to be premeditated at first.

Yes indeed, I think when you are planning to start up a business several things must be considered like , place , purpose and of course profit we cannot jhst go in the scenario without any plan about it,that why academic studies like Feasibility stusy and making a business plan is such a helpful things to secure a business.

[ginika]

There are several things we need to consider before starting an example business:
1. capital preparation
2. preparing labor
3. procurement of raw materials
4. technical things in business
5. business marketing optimally
6. profit from business
7. risk from business
8. pay attention to business competition
9. Pay attention to business management
10. facilities and environment

[bendingappaloosaH]

What type of business are you going to set up? It depends on specific criteria for specific businesses

[Aying]

There are several things we need to consider before starting an example business:
1. capital preparation
2. preparing labor
3. procurement of raw materials
4. technical things in business
5. business marketing optimally
6. profit from business
7. risk from business
8. pay attention to business competition
9. Pay attention to business management
10. facilities and environment

Aside from that you have to make sure that you know what you are doing or when you do have a partner just make sure that you trusted each other well and one of you will manage that business. Just love what you are doing, and you'll gonna become successful here.

[pubmongrelT]

I don't think we need too much knowledge about it, we should have common sense and presence of mind to become a successful businesman

[BennyK]

Well I just want to share some information regarding on how to start a business because as we can see, we are all want to have a stable business and we want to be a very good entrepreneur someday because if we're just working and working to earn money then if we can't work anymore we won't be able to sustain our needs anymore. I think this is worth reading especially those who are planning to build an ICO or a project. I've got this from my professor on college :

NOTE-REFERENCES :  Webster’s College Dictionary (Random House/McGraw Hill)
What is an Entrepreneur?
Entrepreneur: A person who organizes and manages an enterprise, especially a business, usually with considerable initiative and risk.
Initiative: Readiness and ability in initiating action.
Risk: The hazard or chance of loss.

NOTE-REFERENCES : The Portable MBA in Entrepreneurship, 2nd Ed.; William D. Bygrave, Editor. John Wiley and Sons Publishers, 1997.
What Does it Take to Be Successful?

• “In entrepreneurship, luck is where preparation and opportunity meet.”

• “The idea is not what is important. In entrepreneurship; ideas are a dime a dozen. Developing the idea, implementing it, and building a successful business are the important things.”

• “Would-be entrepreneurs who are unable to name customers are not ready to start a business. They have only found an idea and have not yet identified a market need.”

• Somehow, someday… you are going to have to earn POSITIVE CASH FLOW. You need more than a revenue model (but you do need that). You need a VALUE model.
  

• Market share is great, but you can’t pay bills with it.
  

• You can do some financially stupid things to build market share.
  

Where Do You Start?
Think about WHO is going to want your product/service, what they will PAY for it, what you will NEED to carry it off, and how you will MAKE MONEY someday. That is, make a PLAN.

Success depends on
positive cash flow, growth,
 and value creation.

   Owners and investors who forget that tend to get “naturally deselected.”

The Importance of Value Creation

• A successful business is one that delivers value to its customers and creates value for its owners.

Value is delivered to your customers when you do something for them
Better
Cheaper
Faster
Cooler
Different
However, it is likely that none of these will work for long, so continuous improvement and innovation are essential.

Value is created for the owners when:
-You do more with their money than they could do with it themselves
-You invest in productive activities that earn rates of return greater than their risk-adjusted costs of capital.
-The present value of future cash flows exceeds the startup costs.

Value is created by:
-Exploiting proprietary physical resources
-Possessing proprietary knowledge or expertise
-Creating a new or improved product, process, or service
-Staying ahead of the competition through constant improvement and innovation
   
Planning for Success

-Don’t plan a business for today – Plan it for at least a year from now.
-Moore’s Law: Computing power will roughly double every 18 months.
-Bandwidth will continue to increase for most users almost ad infinitum.
-People will live longer and maintain active lifestyles far after retirement.
-Energy sources and consumption patterns will change drastically.
-The world will continue to be a very dangerous place.

How To Not Get Funded


-Have a half-baked idea
-Have a meatless business plan
-Can’t articulate your value proposition
-Can’t identify your market potential
-Can’t justify your sales projections
-Can’t show your investors an exit
-Can’t show your investors a reasonable expectation of a reasonable return on investment
-Don’t think about risk
-Take no risk yourself
-Don’t take time to do your homework
-Try to fund a “lifestyle” venture

Funding Your Venture

-The hardest funding to raise is the first funding. You are probably on your own.
-Later funding gets progressively easier depending on the results you can show to investors and what you need to fund.
-BANKS are probably not going to help.
-The best funding is INTERNAL funding (reinvested earnings).
-PRIVATE EQUITY is the current buzzword for the major capital source for business ventures.
Closing thoughts

picture source :https://wealthygorilla.com/23-wise-warren-buffett-quotes-on-success/

Very good and informative. From a personal experience, I know that the biggest challenge to consider much when starting a business is the human resources. You can have all the other resources, stuffs, and a well planned business structure available yet lose your money and the business when the human resource is amiss. You cannot tell vividly the attitude an employee will put across after been employed. It demands a great deal of work to scrutinize and select the good few ones to be employed.

[BeGoods]

Having one's own business can be the biggest dream anybody can get into as far as achieving financial freedom is concerned. And we need more entrepreneurs who are willing to take the risks in realizing their dreams...these are the people who are contributing big to the country's economy and can start a ripple effect because there is a big chance they can be hiring people too.

However, getting into a successful business is not that easy that is we have to be prepared while we are making some risks. Risks have to be mitigated so the impact is lessen while the business potential for growth is maximized. I always have a big and deep respect for people who are risk-takers but knows what they are doing.

The concept of being an entrepreneur rather than a business man can totally help us to achieve more rather than to just think on profit we should consider our target consumers and buyers that May give us rewards on our product and services. We should also maximazed our service and product , and we need to be open on development and growth that could possibly help us to bring good service and product for people.

Many of my friends that become successful entrepreneurs suggesting for the first business purpose is not to make a profit but to provide services and deliver the best products needed by consumers. you have to provide good service, build good communication with partners and customers, create a truly quality and good product for the customer,  then with that purpose, big profit will follow you

[deppil]

Probably one of the most important lessons when opening a business is that you need to understand that most business are not profitable in the first year, you need to be ready to absorb all the costs, that is why you see that most of the business that declare bankruptcy were the ones that opened recently.

becuase from that, it's hard work and patience is the key because business is usually not too developed in the first year because everything has a process. even big companies like Mc donald, KFC, and so forth need time to grow into big business. so need to work hard and never give up to make a business. and do not forget to keep innovating so your business doesn't die like nokia

[meshow1]

Thank you! I've been reading a lot of articles about how to start a business because I really want to start one.
I have a stable job but I want to have my own business as well.
This is very informative.

Of course you should plan before you get a business because when you plan you will get a beautiful business though you can build it in your own perspective.

[carlisle1]

Im running my own business too.but before i conduct and start to operate,i make sure that i know the product well.i know the place,i have my target costumer and i have my own strategy to attract the costumer.i have a simple managing technique but i have a long researching before then.thats why now im almost successfully inverything

[parallaxbug9]

Adequacy of enough capital, suitable environment and population growth affects any business setup even btc trade

[bituperio]

Thanks for the article, there are many books and articles on what makes a business successful, but I think that at the end of the day is all about the people that make the decissions and lead.

[swallovwvile8]

Eventually the primary noticeable thing is to look after the monetary ability of the individual to set up that business

[hermae]

Ofcourse, there are so many things to consider before starting a business. But for me there are 3 aspects that we should consider. First is financial capital. If you don't have enough money to start a business then better start to end your plan now. Second is location, if your location is not that very discoverable then it would not success. Third is the type of business that you want to enter. You should always be considerable with the type of business that you would like to enter to. Because as for my experience, I entered into a lot of business in my life, but most of it did not succeed maybe because I had a lot of competitors and I did not have much time to make my business profitable. So my suggestion for you is to think very carefully of your business that you want to enter.

I have dreams to start my own business in the future. I think before deciding what kind of business we want to build, we must do a lot of research first about the market that we are going to join in. Best thing to consider is the place where we want to have our business. For example, if we want to have a restaurant, I think it is best to consider what kinds of food we will offer. And if we want to build it in a place where many well-established restaurants are built already, we should think of a food that would make our restaurant unique so that customers will be eager to try and will be a regular customers in the future. Before building our dream business, we should know the ins and outs of business first to be able to be successful in the future.

[TIDOVEE]

Wow, what a nice write up. A lot of people believed the first thing you need is money. Whereas the idea is more needed with which one will be able to utilize the fund judiciously.more so, recognizing opportunity, and the needs of the environment is also very important as noted in the article. And acquiring the necessary knowledge needed to get the best out of the businesses.

[Kousei23]

Well I just want to share some information regarding on how to start a business because as we can see, we are all want to have a stable business and we want to be a very good entrepreneur someday because if we're just working and working to earn money then if we can't work anymore we won't be able to sustain our needs anymore. I think this is worth reading especially those who are planning to build an ICO or a project. I've got this from my professor on college :

NOTE-REFERENCES :  Webster’s College Dictionary (Random House/McGraw Hill)
What is an Entrepreneur?
Entrepreneur: A person who organizes and manages an enterprise, especially a business, usually with considerable initiative and risk.
Initiative: Readiness and ability in initiating action.
Risk: The hazard or chance of loss.

NOTE-REFERENCES : The Portable MBA in Entrepreneurship, 2nd Ed.; William D. Bygrave, Editor. John Wiley and Sons Publishers, 1997.
What Does it Take to Be Successful?

• “In entrepreneurship, luck is where preparation and opportunity meet.”

• “The idea is not what is important. In entrepreneurship; ideas are a dime a dozen. Developing the idea, implementing it, and building a successful business are the important things.”

• “Would-be entrepreneurs who are unable to name customers are not ready to start a business. They have only found an idea and have not yet identified a market need.”

• Somehow, someday… you are going to have to earn POSITIVE CASH FLOW. You need more than a revenue model (but you do need that). You need a VALUE model.
  

• Market share is great, but you can’t pay bills with it.
  

• You can do some financially stupid things to build market share.
  

Where Do You Start?
Think about WHO is going to want your product/service, what they will PAY for it, what you will NEED to carry it off, and how you will MAKE MONEY someday. That is, make a PLAN.

Success depends on
positive cash flow, growth,
 and value creation.

   Owners and investors who forget that tend to get “naturally deselected.”

The Importance of Value Creation

• A successful business is one that delivers value to its customers and creates value for its owners.

Value is delivered to your customers when you do something for them
Better
Cheaper
Faster
Cooler
Different
However, it is likely that none of these will work for long, so continuous improvement and innovation are essential.

Value is created for the owners when:
-You do more with their money than they could do with it themselves
-You invest in productive activities that earn rates of return greater than their risk-adjusted costs of capital.
-The present value of future cash flows exceeds the startup costs.

Value is created by:
-Exploiting proprietary physical resources
-Possessing proprietary knowledge or expertise
-Creating a new or improved product, process, or service
-Staying ahead of the competition through constant improvement and innovation
   
Planning for Success

-Don’t plan a business for today – Plan it for at least a year from now.
-Moore’s Law: Computing power will roughly double every 18 months.
-Bandwidth will continue to increase for most users almost ad infinitum.
-People will live longer and maintain active lifestyles far after retirement.
-Energy sources and consumption patterns will change drastically.
-The world will continue to be a very dangerous place.

How To Not Get Funded


-Have a half-baked idea
-Have a meatless business plan
-Can’t articulate your value proposition
-Can’t identify your market potential
-Can’t justify your sales projections
-Can’t show your investors an exit
-Can’t show your investors a reasonable expectation of a reasonable return on investment
-Don’t think about risk
-Take no risk yourself
-Don’t take time to do your homework
-Try to fund a “lifestyle” venture

Funding Your Venture

-The hardest funding to raise is the first funding. You are probably on your own.
-Later funding gets progressively easier depending on the results you can show to investors and what you need to fund.
-BANKS are probably not going to help.
-The best funding is INTERNAL funding (reinvested earnings).
-PRIVATE EQUITY is the current buzzword for the major capital source for business ventures.
Closing thoughts

picture source :https://wealthygorilla.com/23-wise-warren-buffett-quotes-on-success/

For me of course you must consider the profit or the capital to be used because we all know that in businesses the first thing you must acquired is to have a capital. Later on the things you consider is always on the business and not on money. Be sure to have a better income and then a better strategy too.

[okwang231]

before we get a business big or small, we should invest enough to build a business because that is our first money and your business knowledge is sufficient because if you have no knowledge about it you are sure to go ahead soon enough or get rid of everything You're struggling with war not a joke or that's why business should know what people need so that all of us will come to this really important knowledge and capital money before you start a business.

[sordinihandbag]

which busieness are you talking about? Btc business?  then sorry I am a newbie in this case

[vinz7229]

Im running my own business too.but before i conduct and start to operate,i make sure that i know the product well.i know the place,i have my target costumer and i have my own strategy to attract the costumer.i have a simple managing technique but i have a long researching before then.thats why now im almost successfully inverything

i agree, putting up your own business is not just a game that if your loss your interest you will stop right away, before you start your own business you need to consider everything such as, looking for a perfect  place to put up your business, set your mission and vission, make a survey about your product that you want to introduce in the market, and most of all you need to put up a unique product so that it will really patronize by your future customers.

[neliawesome]

Before starting a business there should be planning.Plan first before you immediately run a business.Do some research what kind of business that will surely click and make some studies.Make sure that you have enough money to run a business and lastly work hard so that your business will have a great result.

[hacekd]

Thank you! I've been reading a lot of articles about how to start a business because I really want to start one.
I have a stable job but I want to have my own business as well.
This is very informative.

     Its good to you to think to have a new business even though you have a stable job, just consider somethings before you build a business as like as do some research to want demand business today or make a your hobby a business, if you love to baked then start a bakeshop or online shop. Nowadays, Online shop is more convenient business. I'm looking forward to the success of your business.

In general, there are 5 things we should consider before opening a business or starting a business that is:

Product.
Management system.
Market Analysis / Consumer.
Marketing strategy.
Financial analysis.

[Satry]

I don't think we need too much knowledge about it, we should have common sense and presence of mind to become a successful businesman

Before we start a business you need experience and have knowledge. We need to conduct some research and once you’ve started your business, the daily reality of running it can be overwhelming. You don’t always know what to expect. We need to consider the important things first make sure you have money, focus on people and their needs. Your biggest priority will be recruiting and retaining high-quality talent to your team.

[Dejech19]

Thank you! I've been reading a lot of articles about how to start a business because I really want to start one.
I have a stable job but I want to have my own business as well.
This is very informative.

Of course you should plan before you get a business because when you plan you will get a beautiful business though you can build it in your own perspective.

Hi, I will share something if your  planing to have a business. Things to consider are  first what business you want to start, second where are you planning to put up your business,third prospect clients, four know the needs and want of the society, fifth your capital, sixth  evaluate if you really gaining if the said project will be successful,seventh  know your positive profit.Having a business is not easy you must consider many things. Specially ask you self it you are mentally, emotionally, and financial stable before you engaged your self in a business.

[Zahrowil Qolbi]

Thank you very much! I have read many articles on how to start a business because I really want to start one business. I have a less stable job for that I want to own my own business. This is very informative article.

[Lion34]

This actually encapsulate the "A-Z" of business secret for a starter. However I think one of the keys to growing business is remain open to new ideas in the line of business chosen.

[nurbay]

I don't think we need too much knowledge about it, we should have common sense and presence of mind to become a successful businessman

Before we start a business you need experience and have knowledge. We need to conduct some research and once you’ve started your business, the daily reality of running it can be overwhelming. You don’t always know what to expect. We need to consider the important things first make sure you have money, focus on people and their needs. Your biggest priority will be recruiting and retaining high-quality talent to your team.

I love your answer and I think your answer is very accurate. Our priority to start a business is to be able to recruit and retain high-quality talents for our business team. Because if you already have it, it is definitely our business will run as expected and we will succeed in the future.

[Sled]

I don't think we need too much knowledge about it, we should have common sense and presence of mind to become a successful businesman

Before we start a business you need experience and have knowledge. We need to conduct some research and once you’ve started your business, the daily reality of running it can be overwhelming. You don’t always know what to expect. We need to consider the important things first make sure you have money, focus on people and their needs. Your biggest priority will be recruiting and retaining high-quality talent to your team.

That is the most important thing before you start a business, you need to have knowledge and if you don't have experience yet then that is alright since you have knowledge and you know what are the things that you need to do. Starting a business does not take time in building because it takes time from yourself on how you are going to be prepared.

[pelipurlara]

I don't think we need too much knowledge about it, we should have common sense and presence of mind to become a successful businesman

We can make a lot of profit but we also have to have a lot of knowledge to be successful. I can say that capital and knowledge are essential before starting a business. If you have big capital but do not have a good strategy then it will be useless

[robbietobby]

I would like to consider this blog post first: https://www.huffingtonpost.com/diane-gottsman/five-ways-to-succeed-in-b_b_8140682.html

I would love reading blog that would motivate me in starting business and ALL about introducing money to develop my financial IQ.  I would slightly take off music in my brain and consider some tips in starting some business:
1. Play to your strengths - planning is crucial. I believe in the saying "If you fail to plan, you plan to fail."
2. Make the effort to show up - it also means strut your stuff at the end of the day. Showcase your talent as talents are belssings from above.
3. Dive into the uncomfortable - Not everyday is a good day, make sure you have a good attitude in the midts of the bad day.
4. Ask for what you want - The best attitude is not afraid of asking what you don't know.
5. Do not get discouraged - Being discourage is like pushing opportunities away.

Business SUCCEED!

[Tactical Genius]

that was a great and quite comprehensive but compressed read.I have been thinking about the basic principles needed to be successful as an entrepreneur and basically the write up summed up a lot of them. I should also quickly add that losses should not deter a person from halting his business but the appropriate research and analysis of why he he or she consistently made losses could help one get back on track.The never quit mindset is also very important in enterpreneurship.

[Bugsbey]

Well I just want to share some information regarding on how to start a business because as we can see, we are all want to have a stable business and we want to be a very good entrepreneur someday because if we're just working and working to earn money then if we can't work anymore we won't be able to sustain our needs anymore. I think this is worth reading especially those who are planning to build an ICO or a project. I've got this from my professor on college :

NOTE-REFERENCES :  Webster’s College Dictionary (Random House/McGraw Hill)
What is an Entrepreneur?
Entrepreneur: A person who organizes and manages an enterprise, especially a business, usually with considerable initiative and risk.
Initiative: Readiness and ability in initiating action.
Risk: The hazard or chance of loss.

NOTE-REFERENCES : The Portable MBA in Entrepreneurship, 2nd Ed.; William D. Bygrave, Editor. John Wiley and Sons Publishers, 1997.
What Does it Take to Be Successful?

• “In entrepreneurship, luck is where preparation and opportunity meet.”

• “The idea is not what is important. In entrepreneurship; ideas are a dime a dozen. Developing the idea, implementing it, and building a successful business are the important things.”

• “Would-be entrepreneurs who are unable to name customers are not ready to start a business. They have only found an idea and have not yet identified a market need.”

• Somehow, someday… you are going to have to earn POSITIVE CASH FLOW. You need more than a revenue model (but you do need that). You need a VALUE model.
  

• Market share is great, but you can’t pay bills with it.
  

• You can do some financially stupid things to build market share.
  

Where Do You Start?
Think about WHO is going to want your product/service, what they will PAY for it, what you will NEED to carry it off, and how you will MAKE MONEY someday. That is, make a PLAN.

Success depends on
positive cash flow, growth,
 and value creation.

   Owners and investors who forget that tend to get “naturally deselected.”

The Importance of Value Creation

• A successful business is one that delivers value to its customers and creates value for its owners.

Value is delivered to your customers when you do something for them
Better
Cheaper
Faster
Cooler
Different
However, it is likely that none of these will work for long, so continuous improvement and innovation are essential.

Value is created for the owners when:
-You do more with their money than they could do with it themselves
-You invest in productive activities that earn rates of return greater than their risk-adjusted costs of capital.
-The present value of future cash flows exceeds the startup costs.

Value is created by:
-Exploiting proprietary physical resources
-Possessing proprietary knowledge or expertise
-Creating a new or improved product, process, or service
-Staying ahead of the competition through constant improvement and innovation
   
Planning for Success

-Don’t plan a business for today – Plan it for at least a year from now.
-Moore’s Law: Computing power will roughly double every 18 months.
-Bandwidth will continue to increase for most users almost ad infinitum.
-People will live longer and maintain active lifestyles far after retirement.
-Energy sources and consumption patterns will change drastically.
-The world will continue to be a very dangerous place.

How To Not Get Funded


-Have a half-baked idea
-Have a meatless business plan
-Can’t articulate your value proposition
-Can’t identify your market potential
-Can’t justify your sales projections
-Can’t show your investors an exit
-Can’t show your investors a reasonable expectation of a reasonable return on investment
-Don’t think about risk
-Take no risk yourself
-Don’t take time to do your homework
-Try to fund a “lifestyle” venture

Funding Your Venture

-The hardest funding to raise is the first funding. You are probably on your own.
-Later funding gets progressively easier depending on the results you can show to investors and what you need to fund.
-BANKS are probably not going to help.
-The best funding is INTERNAL funding (reinvested earnings).
-PRIVATE EQUITY is the current buzzword for the major capital source for business ventures.
Closing thoughts
https://i.imgur.com/GI4Ui2E.png
picture source :https://wealthygorilla.com/23-wise-warren-buffett-quotes-on-success/

Thank you for this informative post about starting a business. I really wanted to read or research about how to start a business and the right attitude towards business. I think having a right attitude is very important in starting business.

[choychoy]

You need knowledge and money before doing a business.

[Tapyaks72]

Well I just want to share some information regarding on how to start a business because as we can see, we are all want to have a stable business and we want to be a very good entrepreneur someday because if we're just working and working to earn money then if we can't work anymore we won't be able to sustain our needs anymore. I think this is worth reading especially those who are planning to build an ICO or a project. I've got this from my professor on college :

NOTE-REFERENCES :  Webster’s College Dictionary (Random House/McGraw Hill)
What is an Entrepreneur?
Entrepreneur: A person who organizes and manages an enterprise, especially a business, usually with considerable initiative and risk.
Initiative: Readiness and ability in initiating action.
Risk: The hazard or chance of loss.

NOTE-REFERENCES : The Portable MBA in Entrepreneurship, 2nd Ed.; William D. Bygrave, Editor. John Wiley and Sons Publishers, 1997.
What Does it Take to Be Successful?

• “In entrepreneurship, luck is where preparation and opportunity meet.”

• “The idea is not what is important. In entrepreneurship; ideas are a dime a dozen. Developing the idea, implementing it, and building a successful business are the important things.”

• “Would-be entrepreneurs who are unable to name customers are not ready to start a business. They have only found an idea and have not yet identified a market need.”

• Somehow, someday… you are going to have to earn POSITIVE CASH FLOW. You need more than a revenue model (but you do need that). You need a VALUE model.
  

• Market share is great, but you can’t pay bills with it.
  

• You can do some financially stupid things to build market share.
  

Where Do You Start?
Think about WHO is going to want your product/service, what they will PAY for it, what you will NEED to carry it off, and how you will MAKE MONEY someday. That is, make a PLAN.

Success depends on
positive cash flow, growth,
 and value creation.

   Owners and investors who forget that tend to get “naturally deselected.”

The Importance of Value Creation

• A successful business is one that delivers value to its customers and creates value for its owners.

Value is delivered to your customers when you do something for them
Better
Cheaper
Faster
Cooler
Different
However, it is likely that none of these will work for long, so continuous improvement and innovation are essential.

Value is created for the owners when:
-You do more with their money than they could do with it themselves
-You invest in productive activities that earn rates of return greater than their risk-adjusted costs of capital.
-The present value of future cash flows exceeds the startup costs.

Value is created by:
-Exploiting proprietary physical resources
-Possessing proprietary knowledge or expertise
-Creating a new or improved product, process, or service
-Staying ahead of the competition through constant improvement and innovation
   
Planning for Success

-Don’t plan a business for today – Plan it for at least a year from now.
-Moore’s Law: Computing power will roughly double every 18 months.
-Bandwidth will continue to increase for most users almost ad infinitum.
-People will live longer and maintain active lifestyles far after retirement.
-Energy sources and consumption patterns will change drastically.
-The world will continue to be a very dangerous place.

How To Not Get Funded


-Have a half-baked idea
-Have a meatless business plan
-Can’t articulate your value proposition
-Can’t identify your market potential
-Can’t justify your sales projections
-Can’t show your investors an exit
-Can’t show your investors a reasonable expectation of a reasonable return on investment
-Don’t think about risk
-Take no risk yourself
-Don’t take time to do your homework
-Try to fund a “lifestyle” venture

Funding Your Venture

-The hardest funding to raise is the first funding. You are probably on your own.
-Later funding gets progressively easier depending on the results you can show to investors and what you need to fund.
-BANKS are probably not going to help.
-The best funding is INTERNAL funding (reinvested earnings).
-PRIVATE EQUITY is the current buzzword for the major capital source for business ventures.
Closing thoughts

picture source :https://wealthygorilla.com/23-wise-warren-buffett-quotes-on-success/

Thank you for this informative post about starting a business. I really wanted to read or research about how to start a business and the right attitude towards business. I think having a right attitude is very important in starting business.

I really appreciate people who much effort to do a post that is really informative, sometimes in all we want is to be stable financially and most of us want to be an entrepreneur but in just a planning stages we are afraid of the risk because of that we don't succeed, and Im already enlightened that those who don't afraid risk most likely be successful.

[Best Dreams]

I don't think we need too much knowledge about it, we should have common sense and presence of mind to become a successful businessman

Before we start a business you need experience and have knowledge. We need to conduct some research and once you’ve started your business, the daily reality of running it can be overwhelming. You don’t always know what to expect. We need to consider the important things first make sure you have money, focus on people and their needs. Your biggest priority will be recruiting and retaining high-quality talent to your team.

I love your answer and I think your answer is very accurate. Our priority to start a business is to be able to recruit and retain high-quality talents for our business team. Because if you already have it, it is definitely our business will run as expected and we will succeed in the future.

No doubt that having knowledge is wisdom in starting a business and the other most important thing we need to start our won business is the time, if you are well trained to maintain your time and your business accurately then you can get profit, at this time we cannot say anything but for me to start business the only things that are important are the time to invest, capital to invest and the patience to hold your investment and after that your success will be guaranteed you will earn high amount of profit in very small time if you will manage everything with care and on right time.

[Razick]

You need to consider start up capital which has to cover all expenses, there is also the issue of the  location, what product you are selling and prices for which you products will be sold. You will also have to figured out the target audience your products are aimed at and make sure the products is properly marketed to them. There is even more but this is just the start.

[torch2121]

For me make a feasibility study. Right location on for your business. Then quality is everything always maintain the quality of the product because that's what they always came back to your business. Always humble to customer, always treat your customer right. Do right, act right and every thing follows. Just a thought.

[krishnaverma]

You need knowledge and money before doing a business.

Knowledge part is correct but one should till not waste a lot of time on this. You just just start small and you will acquire all the experience and knowledge in the process. Regarding that money part, it is one of the the biggest misconceptions related to doing business. I was listening to a very popular public speaker (who own a successful company) and he gave multiple examples of how you can start a business with almost no money.

[equoboy]

Know first your profit and find a nice location and importantly you have to save some money in case of crisis,you wont lose your business.

[Maximo1]

Here are some important factors you need to consider before starting a business, it helps you to eliminate the risk and obstacles youll facing on the journey.


Great idea
Funding budget
Analysis of competitors-helps you in developing a much
    more effective strategy for your business
Legal documentation
Positive attitude-most important thing that will help in
   passing all the challenges and difficulties.
Know when you need help-make sure you already have an
     adviser who can provide you with the best advice at the
      hour you need.

[iMark]

I don't think we need too much knowledge about it, we should have common sense and presence of mind to become a successful businessman

Before we start a business you need experience and have knowledge. We need to conduct some research and once you’ve started your business, the daily reality of running it can be overwhelming. You don’t always know what to expect. We need to consider the important things first make sure you have money, focus on people and their needs. Your biggest priority will be recruiting and retaining high-quality talent to your team.

I love your answer and I think your answer is very accurate. Our priority to start a business is to be able to recruit and retain high-quality talents for our business team. Because if you already have it, it is definitely our business will run as expected and we will succeed in the future.

I think if we wait to experience first before starting business, surely there will be many people who do not dare to start business because they have not had any experience in that field? I think the most important thing is that you understand the target market of your business, understand and have knowledge for the business you are going to run, that's what matters! yeah a credible team will give you a successful business

[KingFisher9]

I guess a lot of things to be prepared before starting to do business. Calculation errors can make the business we live will go bankrupt. The calculation of operational biyaya be one of the things that must be considered in starting a business that we will live. the business world is a world full of manipulation. Also check or viable the business is before startup.

[Indai24]

I guess a lot of things to be prepared before starting to do business. Calculation errors can make the business we live will go bankrupt. The calculation of operational biyaya be one of the things that must be considered in starting a business that we will live. the business world is a world full of manipulation. Also check or viable the business is before startup.

Based on what I have learned before it would be best to conduct a feasibility study prior starting a new business. You need to examine as to what type of customer that you will be getting to this area and ofcourse you will need to consider the place and as to what products that you're going to offer.

[mintevacuateT]

Busieness means to establish connection between the customers and producers in a peacefull and satisfying way and we should give that preference

[braveanatexis9]

target public, the produccts to be dealed, the position of business setup all  need to be considered before setting up business

[Whitly]

Thanks, myself I thinking about starting own business (selling clothes and own brand), still updating the plan with new ideas and thinking about risks, about pluses and minuses. Your post is useful for me, I even merited it, but I don't agree with "Don’t plan a business for today – Plan it for at least a year from now.", since world moving is really fast, I think it's hard and useless to try plan on a year, max 3 months.

[princess.tyche]

The most important thing that you need to consider when you open up a bussiness is capital. Because you have to have a back up money in case your sale isn't good enough to fulfill your monthly fixed costs such as rent, salary, bills. Second, the product itself. You have to produce a good quality product. Third, good management bussiness. No matter if your products are the best in the field, if you can't manage your bussiness you will lose to your opponents.

[Ekim22]

The things you have to consider to start a business are,  find  the best location,have big capital,produce good quality of product and many more.

[jona]

No one will want to set a business without checking the cost price a d what he or she can afford, if can put in what you can afford same is also applied in bitcoin and cryptocurrency investment.

[Elseye]

As for me - the amazing thing to do is to select a unique area, where you will hardly face rivals in business.

[blue_nexus15]

The most important thing that you need to consider when you open up a bussiness is capital. Because you have to have a back up money in case your sale isn't good enough to fulfill your monthly fixed costs such as rent, salary, bills. Second, the product itself. You have to produce a good quality product. Third, good management bussiness. No matter if your products are the best in the field, if you can't manage your bussiness you will lose to your opponents.

Building a business is extremely difficult and you can see that through the statistics of startups in the first year, most of them are bankrupt or doing busines failure. But it is not that you can not succeed in building a new business, study your market needs and your strengths to get the right direction, build a solid business system and team professional leadership will help your business easily succeed.

[Cinemo]

Well I just want to share some information regarding on how to start a business because as we can see, we are all want to have a stable business and we want to be a very good entrepreneur someday because if we're just working and working to earn money then if we can't work anymore we won't be able to sustain our needs anymore. I think this is worth reading especially those who are planning to build an ICO or a project. I've got this from my professor on college :

NOTE-REFERENCES :  Webster’s College Dictionary (Random House/McGraw Hill)
What is an Entrepreneur?
Entrepreneur: A person who organizes and manages an enterprise, especially a business, usually with considerable initiative and risk.
Initiative: Readiness and ability in initiating action.
Risk: The hazard or chance of loss.

NOTE-REFERENCES : The Portable MBA in Entrepreneurship, 2nd Ed.; William D. Bygrave, Editor. John Wiley and Sons Publishers, 1997.
What Does it Take to Be Successful?

• “In entrepreneurship, luck is where preparation and opportunity meet.”

• “The idea is not what is important. In entrepreneurship; ideas are a dime a dozen. Developing the idea, implementing it, and building a successful business are the important things.”

• “Would-be entrepreneurs who are unable to name customers are not ready to start a business. They have only found an idea and have not yet identified a market need.”

• Somehow, someday… you are going to have to earn POSITIVE CASH FLOW. You need more than a revenue model (but you do need that). You need a VALUE model.
  

• Market share is great, but you can’t pay bills with it.
  

• You can do some financially stupid things to build market share.
  

Where Do You Start?
Think about WHO is going to want your product/service, what they will PAY for it, what you will NEED to carry it off, and how you will MAKE MONEY someday. That is, make a PLAN.

Success depends on
positive cash flow, growth,
 and value creation.

   Owners and investors who forget that tend to get “naturally deselected.”

The Importance of Value Creation

• A successful business is one that delivers value to its customers and creates value for its owners.

Value is delivered to your customers when you do something for them
Better
Cheaper
Faster
Cooler
Different
However, it is likely that none of these will work for long, so continuous improvement and innovation are essential.

Value is created for the owners when:
-You do more with their money than they could do with it themselves
-You invest in productive activities that earn rates of return greater than their risk-adjusted costs of capital.
-The present value of future cash flows exceeds the startup costs.

Value is created by:
-Exploiting proprietary physical resources
-Possessing proprietary knowledge or expertise
-Creating a new or improved product, process, or service
-Staying ahead of the competition through constant improvement and innovation
   
Planning for Success

-Don’t plan a business for today – Plan it for at least a year from now.
-Moore’s Law: Computing power will roughly double every 18 months.
-Bandwidth will continue to increase for most users almost ad infinitum.
-People will live longer and maintain active lifestyles far after retirement.
-Energy sources and consumption patterns will change drastically.
-The world will continue to be a very dangerous place.

How To Not Get Funded


-Have a half-baked idea
-Have a meatless business plan
-Can’t articulate your value proposition
-Can’t identify your market potential
-Can’t justify your sales projections
-Can’t show your investors an exit
-Can’t show your investors a reasonable expectation of a reasonable return on investment
-Don’t think about risk
-Take no risk yourself
-Don’t take time to do your homework
-Try to fund a “lifestyle” venture

Funding Your Venture

-The hardest funding to raise is the first funding. You are probably on your own.
-Later funding gets progressively easier depending on the results you can show to investors and what you need to fund.
-BANKS are probably not going to help.
-The best funding is INTERNAL funding (reinvested earnings).
-PRIVATE EQUITY is the current buzzword for the major capital source for business ventures.
Closing thoughts

picture source :https://wealthygorilla.com/23-wise-warren-buffett-quotes-on-success/

In chosing and starting business all you have to do is to have a large amount of money for starting. You need to.research more about the world of business. Other than that the places you are going to start the business is there are lots of people. Think the item that is unique and easily to buy. In business being positive is a good attitude.

[jo123]

Many things like things to do before starting , picking the right and perfect business to start then the very very long preparation before opening.

[systematicdeception]

Of course, to start a business, you need to know what to start. I always said, I say and I will say that the entrepreneur should have an idea. If you cannot even come up with an idea, then what kind of business is it all about? It is not necessary to be an innovator and to invent something unimaginable. You can take an already working idea

[dvillier]

Many things like things to do before starting , picking the right and perfect business to start then the very very long preparation before opening.

Obviously, to begin a business, you have to realize what to begin. I generally stated, I say and I will state that the business person ought to have a thought. On the off chance that you can't think of a thought, at that point what sort of business is everything about? It isn't important to be a trailblazer and to design something unfathomable. You can take an officially working thought

[EnricoGomez]

Thank you for this amazing piece of article!
It was very informative and easily understandable - I will try to keep this on mind and even share it with those interested. Business is truly advantagepus yet hard to manahe unless you are knowledgeable enough.

[LienTHETRADER]

Always aim to buy the raw substances at cheaper rate and sale them at high price and provide pure finished products at the early years of business

[sonic22]

Starting isn't a problem, surviving is. Be persistent and try to be the best at what you do.

[thecoder2017]

There are so many things to consider in starting a business like having a sufficient funds, consider also the place if it is accessible to people and the commodities you want to sell also you need a thorough plan.

[wasaisi]

Before we run a business, of course we need capital to start. This capital can come from many sources, for example from own savings, loan capital, or from investors. Knowing the need for capital will be better because we have estimated the initial expenses and operating costs of the business, so you do not keteteran in managing business finance.

[Kamote_1102]

Things to consider before starting a Business.
1. what kind of business are you planning to build.
2. where are you going to put your Business.
3. capital.
4. timeframe of the Return of Investment.
5. Manpower.

for me, these are the most important things to consider to build a business.

[outdatedruff7]

I dont know a single letter of doing business. I like jobs in office only

[webdevmastery]

Well I just want to share some information regarding on how to start a business because as we can see, we are all want to have a stable business and we want to be a very good entrepreneur someday because if we're just working and working to earn money then if we can't work anymore we won't be able to sustain our needs anymore. I think this is worth reading especially those who are planning to build an ICO or a project. I've got this from my professor on college :

NOTE-REFERENCES :  Webster’s College Dictionary (Random House/McGraw Hill)
What is an Entrepreneur?
Entrepreneur: A person who organizes and manages an enterprise, especially a business, usually with considerable initiative and risk.
Initiative: Readiness and ability in initiating action.
Risk: The hazard or chance of loss.

NOTE-REFERENCES : The Portable MBA in Entrepreneurship, 2nd Ed.; William D. Bygrave, Editor. John Wiley and Sons Publishers, 1997.
What Does it Take to Be Successful?

• “In entrepreneurship, luck is where preparation and opportunity meet.”

• “The idea is not what is important. In entrepreneurship; ideas are a dime a dozen. Developing the idea, implementing it, and building a successful business are the important things.”

• “Would-be entrepreneurs who are unable to name customers are not ready to start a business. They have only found an idea and have not yet identified a market need.”

• Somehow, someday… you are going to have to earn POSITIVE CASH FLOW. You need more than a revenue model (but you do need that). You need a VALUE model.
  

• Market share is great, but you can’t pay bills with it.
  

• You can do some financially stupid things to build market share.
  

Where Do You Start?
Think about WHO is going to want your product/service, what they will PAY for it, what you will NEED to carry it off, and how you will MAKE MONEY someday. That is, make a PLAN.

Success depends on
positive cash flow, growth,
 and value creation.

   Owners and investors who forget that tend to get “naturally deselected.”

The Importance of Value Creation

• A successful business is one that delivers value to its customers and creates value for its owners.

Value is delivered to your customers when you do something for them
Better
Cheaper
Faster
Cooler
Different
However, it is likely that none of these will work for long, so continuous improvement and innovation are essential.

Value is created for the owners when:
-You do more with their money than they could do with it themselves
-You invest in productive activities that earn rates of return greater than their risk-adjusted costs of capital.
-The present value of future cash flows exceeds the startup costs.

Value is created by:
-Exploiting proprietary physical resources
-Possessing proprietary knowledge or expertise
-Creating a new or improved product, process, or service
-Staying ahead of the competition through constant improvement and innovation
   
Planning for Success

-Don’t plan a business for today – Plan it for at least a year from now.
-Moore’s Law: Computing power will roughly double every 18 months.
-Bandwidth will continue to increase for most users almost ad infinitum.
-People will live longer and maintain active lifestyles far after retirement.
-Energy sources and consumption patterns will change drastically.
-The world will continue to be a very dangerous place.

How To Not Get Funded


-Have a half-baked idea
-Have a meatless business plan
-Can’t articulate your value proposition
-Can’t identify your market potential
-Can’t justify your sales projections
-Can’t show your investors an exit
-Can’t show your investors a reasonable expectation of a reasonable return on investment
-Don’t think about risk
-Take no risk yourself
-Don’t take time to do your homework
-Try to fund a “lifestyle” venture

Funding Your Venture

-The hardest funding to raise is the first funding. You are probably on your own.
-Later funding gets progressively easier depending on the results you can show to investors and what you need to fund.
-BANKS are probably not going to help.
-The best funding is INTERNAL funding (reinvested earnings).
-PRIVATE EQUITY is the current buzzword for the major capital source for business ventures.
Closing thoughts

picture source :https://wealthygorilla.com/23-wise-warren-buffett-quotes-on-success/

Ideas and funds is the most dominant needs in starting your own business and the place where you are going to start your business in order to become successful in the future and to surely earn a huge amount of profit.

[romeo23]

There are many things I would consider before starting a business. The following are a must..Number 1 is Viability..The viability of a business is measured by it’s ability to sustain profits over time. Is it just a cash and burn idea? What are the long term goals to make it profitable...Funds..Money can’t buy you happiness but it can surely help you accelerate your business to another level. Without sufficient funds you’ll have to rely on low quality of work, which will ultimately lead to the company’s downfall. So make sure you’ve enough money before burning up..Third is Market.Is there a market for your idea? Are there people who will actually go and buy your product. For example, let’s say you want to sell designer socks, people may like your product but they won’t buy it because socks is often worn with formals. So make sure your passion meets business before you start.Next is Competitors..You might not be the first one with this idea, there maybe a dozen more people who operate with the same model you have in mind. So make sure you do your research before starting. What makes my product better than the ones already available in the market?Is there absolutely no space for me? For example, the search engine market is dominated by Google and it’s almost impossible for a new player to make it’s mark.Last but not the least is Strategy, you need to have multiple action plans for your business. If plan A fails, what next? plan B!Once you’ve sufficient answers to all these questions, you can go ahead and start your venture.

[gambitcoin53]

wow this is truly a great help for the people who has a lot of questions regarding tips on how to start a business, i still dont know if i can relate it to bitcoin, one thing that struck me most about this article is that it can be applied when you want to start a new ICO, especially the part on the importance of value creations which talks about five criteria which i find more appealing if i will plan to release an ICO.

[Spain2000]

For a good business strategy there are many things to consider before a starting of new business like if i start a business for me place price product and promotion these are to make sure before starting a new business and place is the most important because the demography can change demand and use of the product there and business become successful if we notice all these things  in mind and innovation is also important for a good business.

[Vinz1978]

Well I just want to share some information regarding on how to start a business because as we can see, we are all want to have a stable business and we want to be a very good entrepreneur someday because if we're just working and working to earn money then if we can't work anymore we won't be able to sustain our needs anymore. I think this is worth reading especially those who are planning to build an ICO or a project. I've got this from my professor on college :

NOTE-REFERENCES :  Webster’s College Dictionary (Random House/McGraw Hill)
What is an Entrepreneur?
Entrepreneur: A person who organizes and manages an enterprise, especially a business, usually with considerable initiative and risk.
Initiative: Readiness and ability in initiating action.
Risk: The hazard or chance of loss.

NOTE-REFERENCES : The Portable MBA in Entrepreneurship, 2nd Ed.; William D. Bygrave, Editor. John Wiley and Sons Publishers, 1997.
What Does it Take to Be Successful?

• “In entrepreneurship, luck is where preparation and opportunity meet.”

• “The idea is not what is important. In entrepreneurship; ideas are a dime a dozen. Developing the idea, implementing it, and building a successful business are the important things.”

• “Would-be entrepreneurs who are unable to name customers are not ready to start a business. They have only found an idea and have not yet identified a market need.”

• Somehow, someday… you are going to have to earn POSITIVE CASH FLOW. You need more than a revenue model (but you do need that). You need a VALUE model.
  

• Market share is great, but you can’t pay bills with it.
  

• You can do some financially stupid things to build market share.
  

Where Do You Start?
Think about WHO is going to want your product/service, what they will PAY for it, what you will NEED to carry it off, and how you will MAKE MONEY someday. That is, make a PLAN.

Success depends on
positive cash flow, growth,
 and value creation.

   Owners and investors who forget that tend to get “naturally deselected.”

The Importance of Value Creation

• A successful business is one that delivers value to its customers and creates value for its owners.

Value is delivered to your customers when you do something for them
Better
Cheaper
Faster
Cooler
Different
However, it is likely that none of these will work for long, so continuous improvement and innovation are essential.

Value is created for the owners when:
-You do more with their money than they could do with it themselves
-You invest in productive activities that earn rates of return greater than their risk-adjusted costs of capital.
-The present value of future cash flows exceeds the startup costs.

Value is created by:
-Exploiting proprietary physical resources
-Possessing proprietary knowledge or expertise
-Creating a new or improved product, process, or service
-Staying ahead of the competition through constant improvement and innovation
   
Planning for Success

-Don’t plan a business for today – Plan it for at least a year from now.
-Moore’s Law: Computing power will roughly double every 18 months.
-Bandwidth will continue to increase for most users almost ad infinitum.
-People will live longer and maintain active lifestyles far after retirement.
-Energy sources and consumption patterns will change drastically.
-The world will continue to be a very dangerous place.

How To Not Get Funded


-Have a half-baked idea
-Have a meatless business plan
-Can’t articulate your value proposition
-Can’t identify your market potential
-Can’t justify your sales projections
-Can’t show your investors an exit
-Can’t show your investors a reasonable expectation of a reasonable return on investment
-Don’t think about risk
-Take no risk yourself
-Don’t take time to do your homework
-Try to fund a “lifestyle” venture

Funding Your Venture

-The hardest funding to raise is the first funding. You are probably on your own.
-Later funding gets progressively easier depending on the results you can show to investors and what you need to fund.
-BANKS are probably not going to help.
-The best funding is INTERNAL funding (reinvested earnings).
-PRIVATE EQUITY is the current buzzword for the major capital source for business ventures.
Closing thoughts

picture source :https://wealthygorilla.com/23-wise-warren-buffett-quotes-on-success/

For me, if  you are planning to build up a business even if its big or small be sure that you have a capital that support your to your business. secondly you have a knowledge on how to manage an effective business, therefore you are hard working not during there is costumer but also when there is no.Thirdly you are willing to accept all attitude of your costumer probably there are some costumer that boastful sometimes in that point you are also open-minded for that particular case. thanks.

Before starting a business you should consider these things: what business to put up,  what business are you interested in. Next is the location. Is the location accessible or within the foot of traffic? Next is the budget. You need to have enough budget to sustain your business.  You should also ask yourself if  you can handle your business and if you are ready to face and accept every outcome and struggles your business may face.

[betchay22]

Well I just want to share some information regarding on how to start a business because as we can see, we are all want to have a stable business and we want to be a very good entrepreneur someday because if we're just working and working to earn money then if we can't work anymore we won't be able to sustain our needs anymore. I think this is worth reading especially those who are planning to build an ICO or a project. I've got this from my professor on college :

NOTE-REFERENCES :  Webster’s College Dictionary (Random House/McGraw Hill)
What is an Entrepreneur?
Entrepreneur: A person who organizes and manages an enterprise, especially a business, usually with considerable initiative and risk.
Initiative: Readiness and ability in initiating action.
Risk: The hazard or chance of loss.

NOTE-REFERENCES : The Portable MBA in Entrepreneurship, 2nd Ed.; William D. Bygrave, Editor. John Wiley and Sons Publishers, 1997.
What Does it Take to Be Successful?

• “In entrepreneurship, luck is where preparation and opportunity meet.”

• “The idea is not what is important. In entrepreneurship; ideas are a dime a dozen. Developing the idea, implementing it, and building a successful business are the important things.”

• “Would-be entrepreneurs who are unable to name customers are not ready to start a business. They have only found an idea and have not yet identified a market need.”

• Somehow, someday… you are going to have to earn POSITIVE CASH FLOW. You need more than a revenue model (but you do need that). You need a VALUE model.
  

• Market share is great, but you can’t pay bills with it.
  

• You can do some financially stupid things to build market share.
  

Where Do You Start?
Think about WHO is going to want your product/service, what they will PAY for it, what you will NEED to carry it off, and how you will MAKE MONEY someday. That is, make a PLAN.

Success depends on
positive cash flow, growth,
 and value creation.

   Owners and investors who forget that tend to get “naturally deselected.”

The Importance of Value Creation

• A successful business is one that delivers value to its customers and creates value for its owners.

Value is delivered to your customers when you do something for them
Better
Cheaper
Faster
Cooler
Different
However, it is likely that none of these will work for long, so continuous improvement and innovation are essential.

Value is created for the owners when:
-You do more with their money than they could do with it themselves
-You invest in productive activities that earn rates of return greater than their risk-adjusted costs of capital.
-The present value of future cash flows exceeds the startup costs.

Value is created by:
-Exploiting proprietary physical resources
-Possessing proprietary knowledge or expertise
-Creating a new or improved product, process, or service
-Staying ahead of the competition through constant improvement and innovation
   
Planning for Success

-Don’t plan a business for today – Plan it for at least a year from now.
-Moore’s Law: Computing power will roughly double every 18 months.
-Bandwidth will continue to increase for most users almost ad infinitum.
-People will live longer and maintain active lifestyles far after retirement.
-Energy sources and consumption patterns will change drastically.
-The world will continue to be a very dangerous place.

How To Not Get Funded


-Have a half-baked idea
-Have a meatless business plan
-Can’t articulate your value proposition
-Can’t identify your market potential
-Can’t justify your sales projections
-Can’t show your investors an exit
-Can’t show your investors a reasonable expectation of a reasonable return on investment
-Don’t think about risk
-Take no risk yourself
-Don’t take time to do your homework
-Try to fund a “lifestyle” venture

Funding Your Venture

-The hardest funding to raise is the first funding. You are probably on your own.
-Later funding gets progressively easier depending on the results you can show to investors and what you need to fund.
-BANKS are probably not going to help.
-The best funding is INTERNAL funding (reinvested earnings).
-PRIVATE EQUITY is the current buzzword for the major capital source for business ventures.
Closing thoughts

picture source :https://wealthygorilla.com/23-wise-warren-buffett-quotes-on-success/

Starting your business is very risky. Anyone who plans to put up a business should be ready to face any problems that will arise in his business. Do you have enough capital that will cover up even the losses in your business. Know your passion and choose the business thay is in demand nowadays. Choose the right place or location,  right timing and people who will be your partner and trusted person. It would be better if you are hands on and you manage your business personally so that whatever happen to your business,  you wont blame anyone.

[Jedzkie050617]

The things you have to consider to start a business are,  find  the best location,have big capital,produce good quality of product and many more.

Yeah, the first  thing to consider  if you  want to start  a business is know your prospect customers, second ask yourself if that  business is suitable to you,third look for  a good location, fourth capital or funds  that  can be funded  the business  until it can collect  the profit.Fifth  ask your self if you are ready to risk  your funds ,starting  a bussiness  is not easy  you must be ready in all the  possible circumstances that  may occur.If you already know all this you can start  the business that you want to have.

[evader11]

Well I just want to share some information regarding on how to start a business because as we can see, we are all want to have a stable business and we want to be a very good entrepreneur someday because if we're just working and working to earn money then if we can't work anymore we won't be able to sustain our needs anymore. I think this is worth reading especially those who are planning to build an ICO or a project. I've got this from my professor on college :

NOTE-REFERENCES :  Webster’s College Dictionary (Random House/McGraw Hill)
What is an Entrepreneur?
Entrepreneur: A person who organizes and manages an enterprise, especially a business, usually with considerable initiative and risk.
Initiative: Readiness and ability in initiating action.
Risk: The hazard or chance of loss.

NOTE-REFERENCES : The Portable MBA in Entrepreneurship, 2nd Ed.; William D. Bygrave, Editor. John Wiley and Sons Publishers, 1997.
What Does it Take to Be Successful?

• “In entrepreneurship, luck is where preparation and opportunity meet.”

• “The idea is not what is important. In entrepreneurship; ideas are a dime a dozen. Developing the idea, implementing it, and building a successful business are the important things.”

• “Would-be entrepreneurs who are unable to name customers are not ready to start a business. They have only found an idea and have not yet identified a market need.”

• Somehow, someday… you are going to have to earn POSITIVE CASH FLOW. You need more than a revenue model (but you do need that). You need a VALUE model.
  

• Market share is great, but you can’t pay bills with it.
  

• You can do some financially stupid things to build market share.
  

Where Do You Start?
Think about WHO is going to want your product/service, what they will PAY for it, what you will NEED to carry it off, and how you will MAKE MONEY someday. That is, make a PLAN.

Success depends on
positive cash flow, growth,
 and value creation.

   Owners and investors who forget that tend to get “naturally deselected.”

The Importance of Value Creation

• A successful business is one that delivers value to its customers and creates value for its owners.

Value is delivered to your customers when you do something for them
Better
Cheaper
Faster
Cooler
Different
However, it is likely that none of these will work for long, so continuous improvement and innovation are essential.

Value is created for the owners when:
-You do more with their money than they could do with it themselves
-You invest in productive activities that earn rates of return greater than their risk-adjusted costs of capital.
-The present value of future cash flows exceeds the startup costs.

Value is created by:
-Exploiting proprietary physical resources
-Possessing proprietary knowledge or expertise
-Creating a new or improved product, process, or service
-Staying ahead of the competition through constant improvement and innovation
   
Planning for Success

-Don’t plan a business for today – Plan it for at least a year from now.
-Moore’s Law: Computing power will roughly double every 18 months.
-Bandwidth will continue to increase for most users almost ad infinitum.
-People will live longer and maintain active lifestyles far after retirement.
-Energy sources and consumption patterns will change drastically.
-The world will continue to be a very dangerous place.

How To Not Get Funded


-Have a half-baked idea
-Have a meatless business plan
-Can’t articulate your value proposition
-Can’t identify your market potential
-Can’t justify your sales projections
-Can’t show your investors an exit
-Can’t show your investors a reasonable expectation of a reasonable return on investment
-Don’t think about risk
-Take no risk yourself
-Don’t take time to do your homework
-Try to fund a “lifestyle” venture

Funding Your Venture

-The hardest funding to raise is the first funding. You are probably on your own.
-Later funding gets progressively easier depending on the results you can show to investors and what you need to fund.
-BANKS are probably not going to help.
-The best funding is INTERNAL funding (reinvested earnings).
-PRIVATE EQUITY is the current buzzword for the major capital source for business ventures.
Closing thoughts

picture source :https://wealthygorilla.com/23-wise-warren-buffett-quotes-on-success/

I agree for your information against the needs to be consider before starting a business, these procedure will help to the poeple who plan to do it. Through these tips and step many poeple will be aware and ready what they need to do and follow to success their plan. Thanks a lot of people will appreciate you do.

[a2offrb]

You have submitted a very informative Article as regards this which is quite appreciative. But I can equally submit briefly that 4Ps must adequately be given consideration before embarking on any kind of business after the issue of Funding[Capital] and its source had been ironed, which I enumerated thus;
1. PRODUCT,
2. PEOPLE,
3. PLACE,
4. PROMOTION.

1. PRODUCT; You must have adequate knowledge and passion for the kind of product you want to deal in. All production processes must be known.
2. PEOPLE; Who are the kind of people you want to offer your product? Young, old, males, females and their age bracket.
3. PLACE; Where are you distributing your finished product? Nationally or internationally or in a particular society where the product is needed.
4. PROMOTION; The upper 3Ps shall give you an insight to what type of advertisement and mobilization means that shall fascinate patronage.

[3la9l_kolbaCa]

Thank you! I've been reading a lot of articles about how to start a business because I really want to start one.
I have a stable job but I want to have my own business as well.
This is very informative.

That would be a good idea if you really think for a business even you have a stable job. But their are a lot of things to be considered in having a business, I will just give you a little idea.

What kind of business?
Capital
Location
Who will be the one to manage?
Who are the people involved in your business?
Retail or Wholesale?
SWOT analysis
Strength
Weaknesses
Opportunity
Threats
Mission of your business.
Vision of your business.
Goals of your business.

That would be a small things to be considered before to start up a business. But at the end it is up to you how are you going to deal with it.

[neliawesome]

Before starting a business there should be planning first.Plan what kind of business you wanted and make sure if it fits to the environment you wanted to build.Then if you already had an idea what type of business you wanted to build make sure you had the money/capital to build your own business.Think a lot of times if the business you wanted to run is compatible to the needs of the people.Lastly day by day you should have an idea on how to improve your business to grow more.

[Sirait]

seeing from your writing on the first page I strongly agree, but from my experience money management is the most important thing of all,
I have some failed in business because when I get a profit I can not set it anywhere, until now only money management that I can not understand.

[Allura74]

As an entrepreneur Your should have capital first, and you must familiar with the business which you are going to establish and it has to be a volume market. You are ready for the possibility that you may face when your operate, then had knowledge about how manage your own business.

Yes, before starting a business it is important that we know its nature and the best place to start on it and should have an advance vision for its market or who is the main customer for your business so that we can have an estimate for the return of investment or the ROI since it is not profitable if it takes long time for the return with reference to our effort which have been exerting on it.

[ejandjm18]

There are so many things before we start a business, we should plan what kind of business are in demand in our location, is it safe place for our business to build, do we have enough capital for said business, it is better to start a business with our expertise.

[Jimbo Abu]

Well I just want to share some information regarding on how to start a business because as we can see, we are all want to have a stable business and we want to be a very good entrepreneur someday because if we're just working and working to earn money then if we can't work anymore we won't be able to sustain our needs anymore. I think this is worth reading especially those who are planning to build an ICO or a project. I've got this from my professor on college :

NOTE-REFERENCES :  Webster’s College Dictionary (Random House/McGraw Hill)
What is an Entrepreneur?
Entrepreneur: A person who organizes and manages an enterprise, especially a business, usually with considerable initiative and risk.
Initiative: Readiness and ability in initiating action.
Risk: The hazard or chance of loss.

NOTE-REFERENCES : The Portable MBA in Entrepreneurship, 2nd Ed.; William D. Bygrave, Editor. John Wiley and Sons Publishers, 1997.
What Does it Take to Be Successful?

• “In entrepreneurship, luck is where preparation and opportunity meet.”

• “The idea is not what is important. In entrepreneurship; ideas are a dime a dozen. Developing the idea, implementing it, and building a successful business are the important things.”

• “Would-be entrepreneurs who are unable to name customers are not ready to start a business. They have only found an idea and have not yet identified a market need.”

• Somehow, someday… you are going to have to earn POSITIVE CASH FLOW. You need more than a revenue model (but you do need that). You need a VALUE model.
  

• Market share is great, but you can’t pay bills with it.
  

• You can do some financially stupid things to build market share.
  

Where Do You Start?
Think about WHO is going to want your product/service, what they will PAY for it, what you will NEED to carry it off, and how you will MAKE MONEY someday. That is, make a PLAN.

Success depends on
positive cash flow, growth,
 and value creation.

   Owners and investors who forget that tend to get “naturally deselected.”

The Importance of Value Creation

• A successful business is one that delivers value to its customers and creates value for its owners.

Value is delivered to your customers when you do something for them
Better
Cheaper
Faster
Cooler
Different
However, it is likely that none of these will work for long, so continuous improvement and innovation are essential.

Value is created for the owners when:
-You do more with their money than they could do with it themselves
-You invest in productive activities that earn rates of return greater than their risk-adjusted costs of capital.
-The present value of future cash flows exceeds the startup costs.

Value is created by:
-Exploiting proprietary physical resources
-Possessing proprietary knowledge or expertise
-Creating a new or improved product, process, or service
-Staying ahead of the competition through constant improvement and innovation
   
Planning for Success

-Don’t plan a business for today – Plan it for at least a year from now.
-Moore’s Law: Computing power will roughly double every 18 months.
-Bandwidth will continue to increase for most users almost ad infinitum.
-People will live longer and maintain active lifestyles far after retirement.
-Energy sources and consumption patterns will change drastically.
-The world will continue to be a very dangerous place.

How To Not Get Funded


-Have a half-baked idea
-Have a meatless business plan
-Can’t articulate your value proposition
-Can’t identify your market potential
-Can’t justify your sales projections
-Can’t show your investors an exit
-Can’t show your investors a reasonable expectation of a reasonable return on investment
-Don’t think about risk
-Take no risk yourself
-Don’t take time to do your homework
-Try to fund a “lifestyle” venture

Funding Your Venture

-The hardest funding to raise is the first funding. You are probably on your own.
-Later funding gets progressively easier depending on the results you can show to investors and what you need to fund.
-BANKS are probably not going to help.
-The best funding is INTERNAL funding (reinvested earnings).
-PRIVATE EQUITY is the current buzzword for the major capital source for business ventures.
Closing thoughts

picture source :https://wealthygorilla.com/23-wise-warren-buffett-quotes-on-success/

It is better if you have your own business, even if you have a stable job. You'll earn more in business, and save for the future. You also need to look around as to what business thing you know you earn. And study carefully so you do not lose.

[njneer]

The factor that's going to completely change the way we operate a business will be adoption of blockchain. Free transactions, which are becoming real right now through proof of work and proof of stake, allow any business to share revenues. This means that in the near future (hopefully) people will be able to earn money via cryptocurrencies for doing all of the things that they already enjoy doing like browsing the internet, watching TV, and ordering food. I'm glad that this discussion is being had and I'm glad that things are changing.

[Xising]

Well I just want to share some information regarding on how to start a business because as we can see, we are all want to have a stable business and we want to be a very good entrepreneur someday because if we're just working and working to earn money then if we can't work anymore we won't be able to sustain our needs anymore. I think this is worth reading especially those who are planning to build an ICO or a project. I've got this from my professor on college :

NOTE-REFERENCES :  Webster’s College Dictionary (Random House/McGraw Hill)
What is an Entrepreneur?
Entrepreneur: A person who organizes and manages an enterprise, especially a business, usually with considerable initiative and risk.
Initiative: Readiness and ability in initiating action.
Risk: The hazard or chance of loss.

NOTE-REFERENCES : The Portable MBA in Entrepreneurship, 2nd Ed.; William D. Bygrave, Editor. John Wiley and Sons Publishers, 1997.
What Does it Take to Be Successful?

• “In entrepreneurship, luck is where preparation and opportunity meet.”

• “The idea is not what is important. In entrepreneurship; ideas are a dime a dozen. Developing the idea, implementing it, and building a successful business are the important things.”

• “Would-be entrepreneurs who are unable to name customers are not ready to start a business. They have only found an idea and have not yet identified a market need.”

• Somehow, someday… you are going to have to earn POSITIVE CASH FLOW. You need more than a revenue model (but you do need that). You need a VALUE model.
  

• Market share is great, but you can’t pay bills with it.
  

• You can do some financially stupid things to build market share.
  

Where Do You Start?
Think about WHO is going to want your product/service, what they will PAY for it, what you will NEED to carry it off, and how you will MAKE MONEY someday. That is, make a PLAN.

Success depends on
positive cash flow, growth,
 and value creation.

   Owners and investors who forget that tend to get “naturally deselected.”

The Importance of Value Creation

• A successful business is one that delivers value to its customers and creates value for its owners.

Value is delivered to your customers when you do something for them
Better
Cheaper
Faster
Cooler
Different
However, it is likely that none of these will work for long, so continuous improvement and innovation are essential.

Value is created for the owners when:
-You do more with their money than they could do with it themselves
-You invest in productive activities that earn rates of return greater than their risk-adjusted costs of capital.
-The present value of future cash flows exceeds the startup costs.

Value is created by:
-Exploiting proprietary physical resources
-Possessing proprietary knowledge or expertise
-Creating a new or improved product, process, or service
-Staying ahead of the competition through constant improvement and innovation
   
Planning for Success

-Don’t plan a business for today – Plan it for at least a year from now.
-Moore’s Law: Computing power will roughly double every 18 months.
-Bandwidth will continue to increase for most users almost ad infinitum.
-People will live longer and maintain active lifestyles far after retirement.
-Energy sources and consumption patterns will change drastically.
-The world will continue to be a very dangerous place.

How To Not Get Funded


-Have a half-baked idea
-Have a meatless business plan
-Can’t articulate your value proposition
-Can’t identify your market potential
-Can’t justify your sales projections
-Can’t show your investors an exit
-Can’t show your investors a reasonable expectation of a reasonable return on investment
-Don’t think about risk
-Take no risk yourself
-Don’t take time to do your homework
-Try to fund a “lifestyle” venture

Funding Your Venture

-The hardest funding to raise is the first funding. You are probably on your own.
-Later funding gets progressively easier depending on the results you can show to investors and what you need to fund.
-BANKS are probably not going to help.
-The best funding is INTERNAL funding (reinvested earnings).
-PRIVATE EQUITY is the current buzzword for the major capital source for business ventures.
Closing thoughts

picture source :https://wealthygorilla.com/23-wise-warren-buffett-quotes-on-success/

Good read mate, I think some of it are applicable in this market, while some, needs to be first considered or qualified depending on the prevailing trend or happening in the market. I say that because this market offers and gives you a lot of really volatile, unprecedented and unpredictable happenings that you should really look at the market and its assets on a different light compared to other similar business ventures. The more calculated and prepared you would be, the better you can deal with the risk of losing, and hopefully, avoid or mitigate it.

[genocide]

Well I just want to share some information regarding on how to start a business because as we can see, we are all want to have a stable business and we want to be a very good entrepreneur someday because if we're just working and working to earn money then if we can't work anymore we won't be able to sustain our needs anymore. I think this is worth reading especially those who are planning to build an ICO or a project. I've got this from my professor on college :

NOTE-REFERENCES :  Webster’s College Dictionary (Random House/McGraw Hill)
What is an Entrepreneur?
Entrepreneur: A person who organizes and manages an enterprise, especially a business, usually with considerable initiative and risk.
Initiative: Readiness and ability in initiating action.
Risk: The hazard or chance of loss.

NOTE-REFERENCES : The Portable MBA in Entrepreneurship, 2nd Ed.; William D. Bygrave, Editor. John Wiley and Sons Publishers, 1997.
What Does it Take to Be Successful?

• “In entrepreneurship, luck is where preparation and opportunity meet.”

• “The idea is not what is important. In entrepreneurship; ideas are a dime a dozen. Developing the idea, implementing it, and building a successful business are the important things.”

• “Would-be entrepreneurs who are unable to name customers are not ready to start a business. They have only found an idea and have not yet identified a market need.”

• Somehow, someday… you are going to have to earn POSITIVE CASH FLOW. You need more than a revenue model (but you do need that). You need a VALUE model.
  

• Market share is great, but you can’t pay bills with it.
  

• You can do some financially stupid things to build market share.
  

Where Do You Start?
Think about WHO is going to want your product/service, what they will PAY for it, what you will NEED to carry it off, and how you will MAKE MONEY someday. That is, make a PLAN.

Success depends on
positive cash flow, growth,
 and value creation.

   Owners and investors who forget that tend to get “naturally deselected.”

The Importance of Value Creation

• A successful business is one that delivers value to its customers and creates value for its owners.

Value is delivered to your customers when you do something for them
Better
Cheaper
Faster
Cooler
Different
However, it is likely that none of these will work for long, so continuous improvement and innovation are essential.

Value is created for the owners when:
-You do more with their money than they could do with it themselves
-You invest in productive activities that earn rates of return greater than their risk-adjusted costs of capital.
-The present value of future cash flows exceeds the startup costs.

Value is created by:
-Exploiting proprietary physical resources
-Possessing proprietary knowledge or expertise
-Creating a new or improved product, process, or service
-Staying ahead of the competition through constant improvement and innovation
   
Planning for Success

-Don’t plan a business for today – Plan it for at least a year from now.
-Moore’s Law: Computing power will roughly double every 18 months.
-Bandwidth will continue to increase for most users almost ad infinitum.
-People will live longer and maintain active lifestyles far after retirement.
-Energy sources and consumption patterns will change drastically.
-The world will continue to be a very dangerous place.

How To Not Get Funded


-Have a half-baked idea
-Have a meatless business plan
-Can’t articulate your value proposition
-Can’t identify your market potential
-Can’t justify your sales projections
-Can’t show your investors an exit
-Can’t show your investors a reasonable expectation of a reasonable return on investment
-Don’t think about risk
-Take no risk yourself
-Don’t take time to do your homework
-Try to fund a “lifestyle” venture

Funding Your Venture

-The hardest funding to raise is the first funding. You are probably on your own.
-Later funding gets progressively easier depending on the results you can show to investors and what you need to fund.
-BANKS are probably not going to help.
-The best funding is INTERNAL funding (reinvested earnings).
-PRIVATE EQUITY is the current buzzword for the major capital source for business ventures.
Closing thoughts

picture source :https://wealthygorilla.com/23-wise-warren-buffett-quotes-on-success/

What a good article and a very informative guide to use for those who are starting a business. Starting a business needs further analysis, study and plan before entering in a desired business because it involves money, time and effort.

[Finestream]

The factor that's going to completely change the way we operate a business will be adoption of blockchain. Free transactions, which are becoming real right now through proof of work and proof of stake, allow any business to share revenues. This means that in the near future (hopefully) people will be able to earn money via cryptocurrencies for doing all of the things that they already enjoy doing like browsing the internet, watching TV, and ordering food. I'm glad that this discussion is being had and I'm glad that things are changing.

Right.Since we are in a digital world right now,blockchain technology has really its high chances to dominate in all aspects in business section.People will be more advanced too to cope up with the fast changing technology and blockchain would have its perfect time to boom in this time of millenials.

[theblack_cat]

Thank for your information.
I think if you want to start a business should be in thought also profit, loss, and capital in the can.
We can use blockhain technology to support our business.

[Pumapipa]

Thank you for that wonderful note. I have read it and have taken note of it. Very timely because, now that I have a capital (thanks bitcoin), I am thinking of putting up my very own business.
For me, I just want to start small. Starting with my expertise and that is cooking. Passion is a key to be a successful businessman. If a business lacks passion, then it is bound to sink.
I am thinking of starting my business around christmas time ( this is a time where people actually don't care about spending. A season of giving, a season of shopping ). Looking positive on this one. Thank you for your inputs sir.

[Financial Freedom 4U]

Well I just want to share some information regarding on how to start a business because as we can see, we are all want to have a stable business and we want to be a very good entrepreneur someday because if we're just working and working to earn money then if we can't work anymore we won't be able to sustain our needs anymore. I think this is worth reading especially those who are planning to build an ICO or a project. I've got this from my professor on college :

NOTE-REFERENCES :  Webster’s College Dictionary (Random House/McGraw Hill)
What is an Entrepreneur?
Entrepreneur: A person who organizes and manages an enterprise, especially a business, usually with considerable initiative and risk.
Initiative: Readiness and ability in initiating action.
Risk: The hazard or chance of loss.

NOTE-REFERENCES : The Portable MBA in Entrepreneurship, 2nd Ed.; William D. Bygrave, Editor. John Wiley and Sons Publishers, 1997.
What Does it Take to Be Successful?

• “In entrepreneurship, luck is where preparation and opportunity meet.”

• “The idea is not what is important. In entrepreneurship; ideas are a dime a dozen. Developing the idea, implementing it, and building a successful business are the important things.”

• “Would-be entrepreneurs who are unable to name customers are not ready to start a business. They have only found an idea and have not yet identified a market need.”

• Somehow, someday… you are going to have to earn POSITIVE CASH FLOW. You need more than a revenue model (but you do need that). You need a VALUE model.
  

• Market share is great, but you can’t pay bills with it.
  

• You can do some financially stupid things to build market share.
  

Where Do You Start?
Think about WHO is going to want your product/service, what they will PAY for it, what you will NEED to carry it off, and how you will MAKE MONEY someday. That is, make a PLAN.

Success depends on
positive cash flow, growth,
 and value creation.

   Owners and investors who forget that tend to get “naturally deselected.”

The Importance of Value Creation

• A successful business is one that delivers value to its customers and creates value for its owners.

Value is delivered to your customers when you do something for them
Better
Cheaper
Faster
Cooler
Different
However, it is likely that none of these will work for long, so continuous improvement and innovation are essential.

Value is created for the owners when:
-You do more with their money than they could do with it themselves
-You invest in productive activities that earn rates of return greater than their risk-adjusted costs of capital.
-The present value of future cash flows exceeds the startup costs.

Value is created by:
-Exploiting proprietary physical resources
-Possessing proprietary knowledge or expertise
-Creating a new or improved product, process, or service
-Staying ahead of the competition through constant improvement and innovation
   
Planning for Success

-Don’t plan a business for today – Plan it for at least a year from now.
-Moore’s Law: Computing power will roughly double every 18 months.
-Bandwidth will continue to increase for most users almost ad infinitum.
-People will live longer and maintain active lifestyles far after retirement.
-Energy sources and consumption patterns will change drastically.
-The world will continue to be a very dangerous place.

How To Not Get Funded


-Have a half-baked idea
-Have a meatless business plan
-Can’t articulate your value proposition
-Can’t identify your market potential
-Can’t justify your sales projections
-Can’t show your investors an exit
-Can’t show your investors a reasonable expectation of a reasonable return on investment
-Don’t think about risk
-Take no risk yourself
-Don’t take time to do your homework
-Try to fund a “lifestyle” venture

Funding Your Venture

-The hardest funding to raise is the first funding. You are probably on your own.
-Later funding gets progressively easier depending on the results you can show to investors and what you need to fund.
-BANKS are probably not going to help.
-The best funding is INTERNAL funding (reinvested earnings).
-PRIVATE EQUITY is the current buzzword for the major capital source for business ventures.
Closing thoughts

picture source :https://wealthygorilla.com/23-wise-warren-buffett-quotes-on-success/

Excellent pieces of advice.

[Ekim22]

The thing's you need to considers before you start business are, you need to look for comercial place,you have big capital and you now how to handle business .

[Chachacoin17]

The factor that's going to completely change the way we operate a business will be adoption of blockchain. Free transactions, which are becoming real right now through proof of work and proof of stake, allow any business to share revenues. This means that in the near future (hopefully) people will be able to earn money via cryptocurrencies for doing all of the things that they already enjoy doing like browsing the internet, watching TV, and ordering food. I'm glad that this discussion is being had and I'm glad that things are changing.

Right.Since we are in a digital world right now,blockchain technology has really its high chances to dominate in all aspects in business section.People will be more advanced too to cope up with the fast changing technology and blockchain would have its perfect time to boom in this time of millenials.

Starting a business is no easy and small decision. It's risky ,so it's always important to know about your customers, study and fully understand the market and on what's the best way to respond to them. Have a business plan, evaluate yourself about your strengths and skills, start small and grow, and above all have a passion on what you're doing. If you’re fueled by passion, your job becomes much fulfilling, brighter, and easier.

[yonjitsu]

First and foremost, investigation or making feasibility study of the business you wanted to establish. If the result is feasible, then that's the time to start planning and do whatever is being the result of the study. Planning is essential to avoid wasting of time and money.

[shakerpartymaker]

By the way you can start your business now using MyWish project that allows ICO launching for a small fee, don't even need having any programming skills, the guys will do everything themselves

[campbell.box]

A lot of people start a business are very sudden an idea is to do! Don't wait for things to be clear, it's too late!

There's a lot of resistance to thinking, and maybe you just give up! Your experience, your foundation, and what you need to do sometimes may not be the same.

[koleskok]

Indeed. Let's aways put in mind that when starting a business, you have to think the location all the time so that customers won't be hesitant to purchase of the products yoi are going to introduce.

[Bitexpert2017]

You need to consider start up capital which has to cover all expenses, there is also the issue of the  location, what product you are selling and prices for which you products will be sold.

[Freddie Aguiluz]

Thank you! I've been reading a lot of articles about how to start a business because I really want to start one.
I have a stable job but I want to have my own business as well.
This is very informative.

Me too, it helps me a lot, I also have a stable job but not that good enough to start a business, what do you think is the best way to start even a small business?

[Monnt]

As an entrepreneur Your should have capital first, and you must familiar with the business which you are going to establish and it has to be a volume market. You are ready for the possibility that you may face when your operate, then had knowledge about how manage your own business.

Yes, before starting a business it is important that we know its nature and the best place to start on it and should have an advance vision for its market or who is the main customer for your business so that we can have an estimate for the return of investment or the ROI since it is not profitable if it takes long time for the return with reference to our effort which have been exerting on it.

All the domains that you have mentioned are important and we need to consider all of them before starting any business. For instance if you are building some resort and that too in the market, it is not going to attract large number of customers.

For that, you need a location where people come for tourism or that is some picnic point. So we can easily understand now that how all these things affect the business.

[jeraldskie11]

There are many things needed to be consider before  planning to start doing business such as the amount of money, expenses and product to sell and the price of it. These is very useful if you do business so you need to think and plan wisely to sucess it and make sure that your ideas will be hit in everyone so you don't need to worry of it. Think wisely can bring you in a successful life.

[Bastok]

Well I just want to share some information regarding on how to start a business because as we can see, we are all want to have a stable business and we want to be a very good entrepreneur someday because if we're just working and working to earn money then if we can't work anymore we won't be able to sustain our needs anymore. I think this is worth reading especially those who are planning to build an ICO or a project. I've got this from my professor on college :

NOTE-REFERENCES :  Webster’s College Dictionary (Random House/McGraw Hill)
What is an Entrepreneur?
Entrepreneur: A person who organizes and manages an enterprise, especially a business, usually with considerable initiative and risk.
Initiative: Readiness and ability in initiating action.
Risk: The hazard or chance of loss.

NOTE-REFERENCES : The Portable MBA in Entrepreneurship, 2nd Ed.; William D. Bygrave, Editor. John Wiley and Sons Publishers, 1997.
What Does it Take to Be Successful?

• “In entrepreneurship, luck is where preparation and opportunity meet.”

• “The idea is not what is important. In entrepreneurship; ideas are a dime a dozen. Developing the idea, implementing it, and building a successful business are the important things.”

• “Would-be entrepreneurs who are unable to name customers are not ready to start a business. They have only found an idea and have not yet identified a market need.”

• Somehow, someday… you are going to have to earn POSITIVE CASH FLOW. You need more than a revenue model (but you do need that). You need a VALUE model.
  

• Market share is great, but you can’t pay bills with it.
  

• You can do some financially stupid things to build market share.
  

Where Do You Start?
Think about WHO is going to want your product/service, what they will PAY for it, what you will NEED to carry it off, and how you will MAKE MONEY someday. That is, make a PLAN.

Success depends on
positive cash flow, growth,
 and value creation.

   Owners and investors who forget that tend to get “naturally deselected.”

The Importance of Value Creation

• A successful business is one that delivers value to its customers and creates value for its owners.

Value is delivered to your customers when you do something for them
Better
Cheaper
Faster
Cooler
Different
However, it is likely that none of these will work for long, so continuous improvement and innovation are essential.

Value is created for the owners when:
-You do more with their money than they could do with it themselves
-You invest in productive activities that earn rates of return greater than their risk-adjusted costs of capital.
-The present value of future cash flows exceeds the startup costs.

Value is created by:
-Exploiting proprietary physical resources
-Possessing proprietary knowledge or expertise
-Creating a new or improved product, process, or service
-Staying ahead of the competition through constant improvement and innovation
   
Planning for Success

-Don’t plan a business for today – Plan it for at least a year from now.
-Moore’s Law: Computing power will roughly double every 18 months.
-Bandwidth will continue to increase for most users almost ad infinitum.
-People will live longer and maintain active lifestyles far after retirement.
-Energy sources and consumption patterns will change drastically.
-The world will continue to be a very dangerous place.

How To Not Get Funded


-Have a half-baked idea
-Have a meatless business plan
-Can’t articulate your value proposition
-Can’t identify your market potential
-Can’t justify your sales projections
-Can’t show your investors an exit
-Can’t show your investors a reasonable expectation of a reasonable return on investment
-Don’t think about risk
-Take no risk yourself
-Don’t take time to do your homework
-Try to fund a “lifestyle” venture

Funding Your Venture

-The hardest funding to raise is the first funding. You are probably on your own.
-Later funding gets progressively easier depending on the results you can show to investors and what you need to fund.
-BANKS are probably not going to help.
-The best funding is INTERNAL funding (reinvested earnings).
-PRIVATE EQUITY is the current buzzword for the major capital source for business ventures.
Closing thoughts
https://i.imgur.com/GI4Ui2E.png
picture source :https://wealthygorilla.com/23-wise-warren-buffett-quotes-on-success/

For me, if  you are planning to build up a business even if its big or small be sure that you have a capital that support your to your business. secondly you have a knowledge on how to manage an effective business, therefore you are hard working not during there is costumer but also when there is no.Thirdly you are willing to accept all attitude of your costumer probably there are some costumer that boastful sometimes in that point you are also open-minded for that particular case. thanks.

For me the most important to  consider before starting a business is location.  The best location that is fir for your business that your going to build. Then follow your marketing strategies on how to market your business. Capital and knowledge is already their before you decide to build the business.

[Freddie Aguiluz]

Indeed. Let's aways put in mind that when starting a business, you have to think the location all the time so that customers won't be hesitant to purchase of the products yoi are going to introduce.

Aside from location, we shoud also consider the surroundings. What and who are with you in your location, your kind of business will depends on them, whether you will start a restaurant or a contruction firm.

[Irviyandi]

Thank you for providing a very useful knowledge for me and again with this topic I better understand the things that must be considered before starting a business so no one in starting a business and ultimately a big loss because I am not aoahm about business.

[ausbit]

Thank you for that wonderful note. I have read it and have taken note of it. Very timely because, now that I have a capital (thanks bitcoin), I am thinking of putting up my very own business.
For me, I just want to start small. Starting with my expertise and that is cooking. Passion is a key to be a successful businessman. If a business lacks passion, then it is bound to sink.
I am thinking of starting my business around christmas time ( this is a time where people actually don't care about spending. A season of giving, a season of shopping ). Looking positive on this one. Thank you for your inputs sir.

The first priority should be the awareness about the market which is called the crypto market knowledge. Now invest in yourself first and then proceed for investments and do not enter into the market without knowledge or with less knowledge as we know that a little knowledge is a dangerous thing. So avoid entering into the market without enough knowledge and invest if you are enriched with the crypto knowledge.

[Merjay18]

The thing's you need to considers before you start business are, you need to look for comercial place,you have big capital and you now how to handle business .

I think the thing to consider before you start bussiness are capital, the project that you want to start. Maybe you could also consider the profit that you will earn. Lastly you need to think projects that is competitive and has a potential in market where you want to start your bussiness.

[max fray]

• A successful business is one that delivers value to its customers and creates value for its owners.

Sorry for omitting the greatest part of your long post, but I mostly liked the idea highlighted above.
So I can say that my translation business is successful because every month I deliver to my customers the volume of original information equal to a couple of medium-size books 

[Blue Bell]

The thing's you need to considers before you start business are, you need to look for comercial place,you have big capital and you now how to handle business .

I think the thing to consider before you start bussiness are capital, the project that you want to start. Maybe you could also consider the profit that you will earn. Lastly you need to think projects that is competitive and has a potential in market where you want to start your bussiness.

Capital is really the basic requirement for starting a business so we must have smart amount of capital that we will invest and get profit for our future. I think we should be wise while choosing our project as a small wrong decision can destroy all, start a business with what you are good at and choose they object which will be high in demand. Now a day crypto currency is on demand so buy bitcoin at low price hold for the long time and the latter on sell at an expensive price so this way again and sell.

[Mapalast]

That was a great writing! But the thing is, to run the business well we should do the basic mangement concept :
Planning
Organization
Actuating
Controlling

If those principal could be going well together then you can have a good and stable business.

[Godexists]

some things to consider before starting a business is first you need capital,planning, location of your business and strategies on how you market your business.

[lokanot0]

Thank you for this post! It can really help a lot of people who have been struggling to maintain even the smallest of business. Businesses, small or big needs to be prepared for to be successful.

[staradvincula]

I believe that all of us are aspiring a stable income in preparation for our retirement.  First things comes in our mind is to put up a business.  There are many factors that we have to consider before starting a business.  (1) Starting capital.  This is necessarily need to support and sustain the stability of the business.  Reserve rolling or back-up capital in case of shortage.  (2) Product. We have to think of a product that will meet the need of the consumers.  It should be a necessity product to gain support from our clients. (3) Market.  Location and the number of population is important.  We have to find  the right and perfect location depends on the product and the chosen business.  (4) Attitude. We have to build a strong relationship towards our clients.  Patience should always be in front of our personality.  (5) Lastly, Period. Your preferred business shouldn't have to be a flavor of the month business but it should be a long term business to generate more profit.

[PETMALU11]

Always think first that what is new about your business in other kind of business, And what would the result if your planning to create a business and has a potential in market where you want to start your bussiness.

[fishball]

Well I just want to share some information regarding on how to start a business because as we can see, we are all want to have a stable business and we want to be a very good entrepreneur someday because if we're just working and working to earn money then if we can't work anymore we won't be able to sustain our needs anymore. I think this is worth reading especially those who are planning to build an ICO or a project. I've got this from my professor on college :

NOTE-REFERENCES :  Webster’s College Dictionary (Random House/McGraw Hill)
What is an Entrepreneur?
Entrepreneur: A person who organizes and manages an enterprise, especially a business, usually with considerable initiative and risk.
Initiative: Readiness and ability in initiating action.
Risk: The hazard or chance of loss.

NOTE-REFERENCES : The Portable MBA in Entrepreneurship, 2nd Ed.; William D. Bygrave, Editor. John Wiley and Sons Publishers, 1997.
What Does it Take to Be Successful?

• “In entrepreneurship, luck is where preparation and opportunity meet.”

• “The idea is not what is important. In entrepreneurship; ideas are a dime a dozen. Developing the idea, implementing it, and building a successful business are the important things.”

• “Would-be entrepreneurs who are unable to name customers are not ready to start a business. They have only found an idea and have not yet identified a market need.”

• Somehow, someday… you are going to have to earn POSITIVE CASH FLOW. You need more than a revenue model (but you do need that). You need a VALUE model.
  

• Market share is great, but you can’t pay bills with it.
  

• You can do some financially stupid things to build market share.
  

Where Do You Start?
Think about WHO is going to want your product/service, what they will PAY for it, what you will NEED to carry it off, and how you will MAKE MONEY someday. That is, make a PLAN.

Success depends on
positive cash flow, growth,
 and value creation.

   Owners and investors who forget that tend to get “naturally deselected.”

The Importance of Value Creation

• A successful business is one that delivers value to its customers and creates value for its owners.

Value is delivered to your customers when you do something for them
Better
Cheaper
Faster
Cooler
Different
However, it is likely that none of these will work for long, so continuous improvement and innovation are essential.

Value is created for the owners when:
-You do more with their money than they could do with it themselves
-You invest in productive activities that earn rates of return greater than their risk-adjusted costs of capital.
-The present value of future cash flows exceeds the startup costs.

Value is created by:
-Exploiting proprietary physical resources
-Possessing proprietary knowledge or expertise
-Creating a new or improved product, process, or service
-Staying ahead of the competition through constant improvement and innovation
   
Planning for Success

-Don’t plan a business for today – Plan it for at least a year from now.
-Moore’s Law: Computing power will roughly double every 18 months.
-Bandwidth will continue to increase for most users almost ad infinitum.
-People will live longer and maintain active lifestyles far after retirement.
-Energy sources and consumption patterns will change drastically.
-The world will continue to be a very dangerous place.

How To Not Get Funded


-Have a half-baked idea
-Have a meatless business plan
-Can’t articulate your value proposition
-Can’t identify your market potential
-Can’t justify your sales projections
-Can’t show your investors an exit
-Can’t show your investors a reasonable expectation of a reasonable return on investment
-Don’t think about risk
-Take no risk yourself
-Don’t take time to do your homework
-Try to fund a “lifestyle” venture

Funding Your Venture

-The hardest funding to raise is the first funding. You are probably on your own.
-Later funding gets progressively easier depending on the results you can show to investors and what you need to fund.
-BANKS are probably not going to help.
-The best funding is INTERNAL funding (reinvested earnings).
-PRIVATE EQUITY is the current buzzword for the major capital source for business ventures.
Closing thoughts

picture source :https://wealthygorilla.com/23-wise-warren-buffett-quotes-on-success/

First, you should consider if you are capable of handling business. A lot fails in this matter. If you really have the instinct of being an entrepreneur you will notice it. Then know what most people are into nowadays specifically in your area.

[p i e c e]

Well, as for me, I am sure that you have to think over the business that you are going to deal with. Before investing the money you have, make your own strategy.

[apolonio]

The most important to consider in starting the business is CAPITAL. Then the other to consider is the place where start your business, the product or the service that is needed in that area, your plan for your business and last is a good team to support each other.

[Nissan-GTR]

Thank you! I've been reading a lot of articles about how to start a business because I really want to start one.
I have a stable job but I want to have my own business as well.
This is very informative.

Well good for you since you have a stable job as well as an enough fund to start up your own business. Talking about starting up your own business, in my own opinion you have to start to think what is it? Is the objective of your business will be helpful to other people, according to Jack Ma, in business prpfit is not the only thing to be consider, how does your invention going to help the people, that's not the exact words but the thought was present there, so we should all think about that also.

[Paka1]

Starting your own business really needs a thorough planning, you need to plan all the aspects needed like those internal and external factors for your business to become feasible. Plan on what kind of product or services has a great demand in the market, all informations needed must be done.  Analyze those informations so that you will be able to know how to execute it into real products or services.  Creating your business really needs your mind and soul, in order to achieve your desired goal.

[Codename23]

Well I just want to share some information regarding on how to start a business because as we can see, we are all want to have a stable business and we want to be a very good entrepreneur someday because if we're just working and working to earn money then if we can't work anymore we won't be able to sustain our needs anymore. I think this is worth reading especially those who are planning to build an ICO or a project. I've got this from my professor on college :

NOTE-REFERENCES :  Webster’s College Dictionary (Random House/McGraw Hill)
What is an Entrepreneur?
Entrepreneur: A person who organizes and manages an enterprise, especially a business, usually with considerable initiative and risk.
Initiative: Readiness and ability in initiating action.
Risk: The hazard or chance of loss.

NOTE-REFERENCES : The Portable MBA in Entrepreneurship, 2nd Ed.; William D. Bygrave, Editor. John Wiley and Sons Publishers, 1997.
What Does it Take to Be Successful?

• “In entrepreneurship, luck is where preparation and opportunity meet.”

• “The idea is not what is important. In entrepreneurship; ideas are a dime a dozen. Developing the idea, implementing it, and building a successful business are the important things.”

• “Would-be entrepreneurs who are unable to name customers are not ready to start a business. They have only found an idea and have not yet identified a market need.”

• Somehow, someday… you are going to have to earn POSITIVE CASH FLOW. You need more than a revenue model (but you do need that). You need a VALUE model.
  

• Market share is great, but you can’t pay bills with it.
  

• You can do some financially stupid things to build market share.
  

Where Do You Start?
Think about WHO is going to want your product/service, what they will PAY for it, what you will NEED to carry it off, and how you will MAKE MONEY someday. That is, make a PLAN.

Success depends on
positive cash flow, growth,
 and value creation.

   Owners and investors who forget that tend to get “naturally deselected.”

The Importance of Value Creation

• A successful business is one that delivers value to its customers and creates value for its owners.

Value is delivered to your customers when you do something for them
Better
Cheaper
Faster
Cooler
Different
However, it is likely that none of these will work for long, so continuous improvement and innovation are essential.

Value is created for the owners when:
-You do more with their money than they could do with it themselves
-You invest in productive activities that earn rates of return greater than their risk-adjusted costs of capital.
-The present value of future cash flows exceeds the startup costs.

Value is created by:
-Exploiting proprietary physical resources
-Possessing proprietary knowledge or expertise
-Creating a new or improved product, process, or service
-Staying ahead of the competition through constant improvement and innovation
   
Planning for Success

-Don’t plan a business for today – Plan it for at least a year from now.
-Moore’s Law: Computing power will roughly double every 18 months.
-Bandwidth will continue to increase for most users almost ad infinitum.
-People will live longer and maintain active lifestyles far after retirement.
-Energy sources and consumption patterns will change drastically.
-The world will continue to be a very dangerous place.

How To Not Get Funded


-Have a half-baked idea
-Have a meatless business plan
-Can’t articulate your value proposition
-Can’t identify your market potential
-Can’t justify your sales projections
-Can’t show your investors an exit
-Can’t show your investors a reasonable expectation of a reasonable return on investment
-Don’t think about risk
-Take no risk yourself
-Don’t take time to do your homework
-Try to fund a “lifestyle” venture

Funding Your Venture

-The hardest funding to raise is the first funding. You are probably on your own.
-Later funding gets progressively easier depending on the results you can show to investors and what you need to fund.
-BANKS are probably not going to help.
-The best funding is INTERNAL funding (reinvested earnings).
-PRIVATE EQUITY is the current buzzword for the major capital source for business ventures.
Closing thoughts
https://i.imgur.com/GI4Ui2E.png
picture source :https://wealthygorilla.com/23-wise-warren-buffett-quotes-on-success/

You need to be ready and willing to start your business and do it consistently. Never give up and believe in yourself. Also do not trust athers easily.

[tuturutmunding]

in my opinion that need to be considered in the plan to run a business is our mental preparation then we must learn what business we will live whether it is a legal business legalized by the government? and the preparation of our capital whether sufficient or not

[Kertmu]

Cryptocurrency is also a kind of business from which you receive income that is correlated with risks (sometimes the risks are very high). With a favorable confluence of circumstances, BTC can provide a comfortable old age and children will remain.

[xAnima]

Well I just want to share some information regarding on how to start a business because as we can see, we are all want to have a stable business and we want to be a very good entrepreneur someday because if we're just working and working to earn money then if we can't work anymore we won't be able to sustain our needs anymore. I think this is worth reading especially those who are planning to build an ICO or a project. I've got this from my professor on college :

NOTE-REFERENCES :  Webster’s College Dictionary (Random House/McGraw Hill)
What is an Entrepreneur?
Entrepreneur: A person who organizes and manages an enterprise, especially a business, usually with considerable initiative and risk.
Initiative: Readiness and ability in initiating action.
Risk: The hazard or chance of loss.

NOTE-REFERENCES : The Portable MBA in Entrepreneurship, 2nd Ed.; William D. Bygrave, Editor. John Wiley and Sons Publishers, 1997.
What Does it Take to Be Successful?

• “In entrepreneurship, luck is where preparation and opportunity meet.”

• “The idea is not what is important. In entrepreneurship; ideas are a dime a dozen. Developing the idea, implementing it, and building a successful business are the important things.”

• “Would-be entrepreneurs who are unable to name customers are not ready to start a business. They have only found an idea and have not yet identified a market need.”

• Somehow, someday… you are going to have to earn POSITIVE CASH FLOW. You need more than a revenue model (but you do need that). You need a VALUE model.
  

• Market share is great, but you can’t pay bills with it.
  

• You can do some financially stupid things to build market share.
  

Where Do You Start?
Think about WHO is going to want your product/service, what they will PAY for it, what you will NEED to carry it off, and how you will MAKE MONEY someday. That is, make a PLAN.

Success depends on
positive cash flow, growth,
 and value creation.

   Owners and investors who forget that tend to get “naturally deselected.”

The Importance of Value Creation

• A successful business is one that delivers value to its customers and creates value for its owners.

Value is delivered to your customers when you do something for them
Better
Cheaper
Faster
Cooler
Different
However, it is likely that none of these will work for long, so continuous improvement and innovation are essential.

Value is created for the owners when:
-You do more with their money than they could do with it themselves
-You invest in productive activities that earn rates of return greater than their risk-adjusted costs of capital.
-The present value of future cash flows exceeds the startup costs.

Value is created by:
-Exploiting proprietary physical resources
-Possessing proprietary knowledge or expertise
-Creating a new or improved product, process, or service
-Staying ahead of the competition through constant improvement and innovation
   
Planning for Success

-Don’t plan a business for today – Plan it for at least a year from now.
-Moore’s Law: Computing power will roughly double every 18 months.
-Bandwidth will continue to increase for most users almost ad infinitum.
-People will live longer and maintain active lifestyles far after retirement.
-Energy sources and consumption patterns will change drastically.
-The world will continue to be a very dangerous place.

How To Not Get Funded


-Have a half-baked idea
-Have a meatless business plan
-Can’t articulate your value proposition
-Can’t identify your market potential
-Can’t justify your sales projections
-Can’t show your investors an exit
-Can’t show your investors a reasonable expectation of a reasonable return on investment
-Don’t think about risk
-Take no risk yourself
-Don’t take time to do your homework
-Try to fund a “lifestyle” venture

Funding Your Venture

-The hardest funding to raise is the first funding. You are probably on your own.
-Later funding gets progressively easier depending on the results you can show to investors and what you need to fund.
-BANKS are probably not going to help.
-The best funding is INTERNAL funding (reinvested earnings).
-PRIVATE EQUITY is the current buzzword for the major capital source for business ventures.
Closing thoughts
https://i.imgur.com/GI4Ui2E.png
picture source :https://wealthygorilla.com/23-wise-warren-buffett-quotes-on-success/

This is a really good topic followed up by some concrete ideas that can be followed by some guys wanting to start a business. In addition to the list and guides created above, we must also consider this simple things that needs to be kept in mind.

The PLACE where you will launch your business.
The CAPITAL you will need to start your business.
The RISKS that might affect you in the future.

All of this must be kept in mind and always be mindful how to make your workplace productive.

[nebuch]

Well I just want to share some information regarding on how to start a business because as we can see, we are all want to have a stable business and we want to be a very good entrepreneur someday because if we're just working and working to earn money then if we can't work anymore we won't be able to sustain our needs anymore. I think this is worth reading especially those who are planning to build an ICO or a project. I've got this from my professor on college :

NOTE-REFERENCES :  Webster’s College Dictionary (Random House/McGraw Hill)
What is an Entrepreneur?
Entrepreneur: A person who organizes and manages an enterprise, especially a business, usually with considerable initiative and risk.
Initiative: Readiness and ability in initiating action.
Risk: The hazard or chance of loss.

NOTE-REFERENCES : The Portable MBA in Entrepreneurship, 2nd Ed.; William D. Bygrave, Editor. John Wiley and Sons Publishers, 1997.
What Does it Take to Be Successful?

• “In entrepreneurship, luck is where preparation and opportunity meet.”

• “The idea is not what is important. In entrepreneurship; ideas are a dime a dozen. Developing the idea, implementing it, and building a successful business are the important things.”

• “Would-be entrepreneurs who are unable to name customers are not ready to start a business. They have only found an idea and have not yet identified a market need.”

• Somehow, someday… you are going to have to earn POSITIVE CASH FLOW. You need more than a revenue model (but you do need that). You need a VALUE model.
  

• Market share is great, but you can’t pay bills with it.
  

• You can do some financially stupid things to build market share.
  

Where Do You Start?
Think about WHO is going to want your product/service, what they will PAY for it, what you will NEED to carry it off, and how you will MAKE MONEY someday. That is, make a PLAN.

Success depends on
positive cash flow, growth,
 and value creation.

   Owners and investors who forget that tend to get “naturally deselected.”

The Importance of Value Creation

• A successful business is one that delivers value to its customers and creates value for its owners.

Value is delivered to your customers when you do something for them
Better
Cheaper
Faster
Cooler
Different
However, it is likely that none of these will work for long, so continuous improvement and innovation are essential.

Value is created for the owners when:
-You do more with their money than they could do with it themselves
-You invest in productive activities that earn rates of return greater than their risk-adjusted costs of capital.
-The present value of future cash flows exceeds the startup costs.

Value is created by:
-Exploiting proprietary physical resources
-Possessing proprietary knowledge or expertise
-Creating a new or improved product, process, or service
-Staying ahead of the competition through constant improvement and innovation
   
Planning for Success

-Don’t plan a business for today – Plan it for at least a year from now.
-Moore’s Law: Computing power will roughly double every 18 months.
-Bandwidth will continue to increase for most users almost ad infinitum.
-People will live longer and maintain active lifestyles far after retirement.
-Energy sources and consumption patterns will change drastically.
-The world will continue to be a very dangerous place.

How To Not Get Funded


-Have a half-baked idea
-Have a meatless business plan
-Can’t articulate your value proposition
-Can’t identify your market potential
-Can’t justify your sales projections
-Can’t show your investors an exit
-Can’t show your investors a reasonable expectation of a reasonable return on investment
-Don’t think about risk
-Take no risk yourself
-Don’t take time to do your homework
-Try to fund a “lifestyle” venture

Funding Your Venture

-The hardest funding to raise is the first funding. You are probably on your own.
-Later funding gets progressively easier depending on the results you can show to investors and what you need to fund.
-BANKS are probably not going to help.
-The best funding is INTERNAL funding (reinvested earnings).
-PRIVATE EQUITY is the current buzzword for the major capital source for business ventures.
Closing thoughts

picture source :https://wealthygorilla.com/23-wise-warren-buffett-quotes-on-success/

That is reality. Business is not like food to eat because it is already prepared it should be in the process in every time because business is like war at first that needs to cultivate in order to make it on success. Failing to plan is planning to fail.

[totaleclipseofthebank]

Thank you for this post! It can really help a lot of people who have been struggling to maintain even the smallest of business. Businesses, small or big needs to be prepared for to be successful.

Yeah this is a really helpful and informative post, especially for people who intend to open a business or who are struggling to reach success. Although there are quite lots of articles giving direction and advice on what to prepare before starting a business, most of them tends to be lengthy and tiring to read and even misleading. But this one is very brief and straightforward, so thank you for sharing such high quality post, I think I would need this in the near future since I'm having an intention to open my own business.

[kripkiki12]

I do have an idea on starting a business that is crypto-related. However, I have some concerns, mainly legal. Are you maybe aware of a good group of lawyers that has  relevant knowledge in the crypto business?

[Okrah]

You must familiarized what is the things what are you going to use for your business.

[lekegami]

There are lots of books, manuals and trainings you will find on how to start a business. But for me, one of the biggest contributors to be successful in starting a business, is the support of your own family.

[nicster551]

Well I just want to share some information regarding on how to start a business because as we can see, we are all want to have a stable business and we want to be a very good entrepreneur someday because if we're just working and working to earn money then if we can't work anymore we won't be able to sustain our needs anymore. I think this is worth reading especially those who are planning to build an ICO or a project. I've got this from my professor on college :

NOTE-REFERENCES :  Webster’s College Dictionary (Random House/McGraw Hill)
What is an Entrepreneur?
Entrepreneur: A person who organizes and manages an enterprise, especially a business, usually with considerable initiative and risk.
Initiative: Readiness and ability in initiating action.
Risk: The hazard or chance of loss.

NOTE-REFERENCES : The Portable MBA in Entrepreneurship, 2nd Ed.; William D. Bygrave, Editor. John Wiley and Sons Publishers, 1997.
What Does it Take to Be Successful?

• “In entrepreneurship, luck is where preparation and opportunity meet.”

• “The idea is not what is important. In entrepreneurship; ideas are a dime a dozen. Developing the idea, implementing it, and building a successful business are the important things.”

• “Would-be entrepreneurs who are unable to name customers are not ready to start a business. They have only found an idea and have not yet identified a market need.”

• Somehow, someday… you are going to have to earn POSITIVE CASH FLOW. You need more than a revenue model (but you do need that). You need a VALUE model.
  

• Market share is great, but you can’t pay bills with it.
  

• You can do some financially stupid things to build market share.
  

Where Do You Start?
Think about WHO is going to want your product/service, what they will PAY for it, what you will NEED to carry it off, and how you will MAKE MONEY someday. That is, make a PLAN.

Success depends on
positive cash flow, growth,
 and value creation.

   Owners and investors who forget that tend to get “naturally deselected.”

The Importance of Value Creation

• A successful business is one that delivers value to its customers and creates value for its owners.

Value is delivered to your customers when you do something for them
Better
Cheaper
Faster
Cooler
Different
However, it is likely that none of these will work for long, so continuous improvement and innovation are essential.

Value is created for the owners when:
-You do more with their money than they could do with it themselves
-You invest in productive activities that earn rates of return greater than their risk-adjusted costs of capital.
-The present value of future cash flows exceeds the startup costs.

Value is created by:
-Exploiting proprietary physical resources
-Possessing proprietary knowledge or expertise
-Creating a new or improved product, process, or service
-Staying ahead of the competition through constant improvement and innovation
   
Planning for Success

-Don’t plan a business for today – Plan it for at least a year from now.
-Moore’s Law: Computing power will roughly double every 18 months.
-Bandwidth will continue to increase for most users almost ad infinitum.
-People will live longer and maintain active lifestyles far after retirement.
-Energy sources and consumption patterns will change drastically.
-The world will continue to be a very dangerous place.

How To Not Get Funded


-Have a half-baked idea
-Have a meatless business plan
-Can’t articulate your value proposition
-Can’t identify your market potential
-Can’t justify your sales projections
-Can’t show your investors an exit
-Can’t show your investors a reasonable expectation of a reasonable return on investment
-Don’t think about risk
-Take no risk yourself
-Don’t take time to do your homework
-Try to fund a “lifestyle” venture

Funding Your Venture

-The hardest funding to raise is the first funding. You are probably on your own.
-Later funding gets progressively easier depending on the results you can show to investors and what you need to fund.
-BANKS are probably not going to help.
-The best funding is INTERNAL funding (reinvested earnings).
-PRIVATE EQUITY is the current buzzword for the major capital source for business ventures.
Closing thoughts

picture source :https://wealthygorilla.com/23-wise-warren-buffett-quotes-on-success/

I am a graduate of a business course here in my country, and through that, I had learn many things, theorical based on education and was taught in school and practical, because I always do have some businesses while I am still studying because of y earning sin cryptocurrency. If your are thinking of impracticality of the effect of feasibility studies, then I would recommend you to just; find a target market, predict the sales through stataistical ways and by market share proportion, that is based on your competitors around your business, always think marketing strategies to increase your sales and lastly, always consider the cost-benefit relationship concept.

[roseann072518]

nice to read, good lesson to start a business .. i am at home only 'no job for how many years, but now i started work as a bounty hunter .. my plan is if I'm lucky to get good reward as a hunter i want it to be small business.

[Ryker1]

In my own opinion, before you start a business, you need a capital. You must calculate the capital base on the business that you're going to start. And you need to set plans and think about its future, how will it end up or how will it be successful, because setting or thinking things before you start gives you a better foresight on what will happen in your business in the future. And also you need to think what business to start, it should be unique from things that exist right now, so it will be attractive to people, the more it attracts, the bigger the demand.

[bangkit tri]

In my own opinion, before you start a business, you need a capital. You must calculate the capital base on the business that you're going to start. And you need to set plans and think about its future, how will it end up or how will it be successful, because setting or thinking things before you start gives you a better foresight on what will happen in your business in the future. And also you need to think what business to start, it should be unique from things that exist right now, so it will be attractive to people, the more it attracts, the bigger the demand.

i think capital is not the first diurutan in starting a business. but indeed the capital can support the success of the business run. i think the inner knowledge of a project and strategy is the main part

[Rufsilf]

First and foremost is the ability from yourself if you are able to build a business, if you have enough capital to start or you are just pushing and trying hard to start even though you are lacking of capital. It is best for you to measure things before you start a business because starting a business is not an easy thing and you should be prepared, well prepared before you start.

[camelson]

First and foremost is the ability from yourself if you are able to build a business, if you have enough capital to start or you are just pushing and trying hard to start even though you are lacking of capital. It is best for you to measure things before you start a business because starting a business is not an easy thing and you should be prepared, well prepared before you start.

Yes capital is always necessary to start a business but there are few other things which are also necessary like market search, target market, marketing strategies, pricing and how innovative is the business.

[KenChanYu]

First and foremost is the ability from yourself if you are able to build a business, if you have enough capital to start or you are just pushing and trying hard to start even though you are lacking of capital. It is best for you to measure things before you start a business because starting a business is not an easy thing and you should be prepared, well prepared before you start.

I think it needs preparation and knowledge before starting a business. We need to have a capital, to formulate a plan, and possess quality traits. Business career covers a wide range of industries, finance, marketing, entrepreneurship, and management. To be successful in business, one must learn to have outstanding leadership skills, unafraid to take risks, has competitive spirit, most importantly has personal and professional integrity.

[BitcoinMarketer39]

Thank you! I've been reading a lot of articles about how to start a business because I really want to start one.
I have a stable job but I want to have my own business as well.
This is very informative.

In my own opinion, what's matter on starting on a business is the product that you are going to create and what times of consumers are you going to deal with and if you think that this kinds of problems will can be compensated through your services then your business will be successful.

[KingdomHearts]

-snip

You’ve got some really great tips here and is good to see that you have taken time to do this great job you did. Another thing we should always put in mind Teamwork. I don’t think you will be able to get far without teamwork. So having a cooperative team that works really hard to succeed is one good thing and will take you really far and make you really successful ☺️🙂

Business is not like food to eat because it is already prepared it should be in the process in every time because business is like war at first that needs to cultivate in order to make it on success. Failing to plan is planning to fail.

It’s like a war indeed. Business is not easy. You’re not the only one that is doing that particular kind of business, there are lots of people who are also in that same arena, competing with you with the target of being better and more successful than you are, and they are also ready to do anything it takes to achieve their plans. That’s why it’s good to take every right step and do every possible thing it takes to succeed.

[ekalak manjeng]

in my opinion, things I can conclude from articles before starting a business to consider are capital intake, labor preparation, raw material procurement, technical issues in doing business, optimizing business marketing, business profits, business risks, business competition, paying attention to management business, facilities, and environment. maybe that's what needs to be planned before starting a business.

[pernah ada]

before we start a business in my opinion that needs to be considered is the aspect of the work we run for business and how much capital we have to start a business. I think that alone is enough.

[valentine401]

Thank you! I've been reading a lot of articles about how to start a business because I really want to start one.
I have a stable job but I want to have my own business as well.
This is very informative.

The best thing about starting a business is to know how much money you are going to earn but as soon as your business is started, you really need to know what types of people you are engaging because in this way you will determine how much profit you will be earning.

[Papaczed]

This is actually a good read and very informative especially for those who wants to start a business. Honestly I also wanted to put up a business of my own but I'm trying to read some articles and information about starting a business. You can't just wake up one day and say I'll withdraw money from the bank to start a business today, of course it needs to be premeditated at first.

.       There's so many things to consider  in starting up a business  especially the  knowledge you have for the field of business you are engaging to and you need to read many articles about how to go about the customers and such    You need to know almost all the things that involves your business how did her business will repeat or cycle how will that works

[jaydenbox]

This is actually a good read and very informative especially for those who wants to start a business. Honestly I also wanted to put up a business of my own but I'm trying to read some articles and information about starting a business. You can't just wake up one day and say I'll withdraw money from the bank to start a business today, of course it needs to be premeditated at first.

.       There's so many things to consider  in starting up a business  especially the  knowledge you have for the field of business you are engaging to and you need to read many articles about how to go about the customers and such    You need to know almost all the things that involves your business how did her business will repeat or cycle how will that works

Well I think it is hard not to say impossible to know how much money you will make, because you never know if people are going to actually buy your stuff but yeah.

[Betwrong]

A successful business is one that delivers value to its customers and creates value for its owners.

Value is delivered to your customers when you do something for them
Better
Cheaper
Faster
Cooler
Different
However, it is likely that none of these will work for long, so continuous improvement and innovation are essential.

I agree with this, but only to an extent. There's another thing which must be considered and that's advertising. The thing is that if something considered "cooler" by one group of people doesn't mean that everyone will consider it cooler too. The tastes of people are different and that's why with proper advertising you can sell things most people dislike, consider uncool or too expensive. On the other hand, it's almost impossible to sell a thing, even if it is potentially good for most people, without advertising it at all.

[Jose Rizal]

Thank you! I've been reading a lot of articles about how to start a business because I really want to start one.
I have a stable job but I want to have my own business as well.
This is very informative.

Well I guess the forst thing to consider is, does your money enough for you to start up a business? Important thing to consider since you are starting up, and we want to prevent sudden bankruptcy if ever, so start a business which is enough to your current money that you have with you, loaning is great but if you cannot afford to pay it,  it's very impossible for the bank to approved your loan. I think this is one but the most impe thing to consider.

[cyberkuto]

Well I just want to share some information regarding on how to start a business because as we can see, we are all want to have a stable business and we want to be a very good entrepreneur someday because if we're just working and working to earn money then if we can't work anymore we won't be able to sustain our needs anymore. I think this is worth reading especially those who are planning to build an ICO or a project. I've got this from my professor on college :

NOTE-REFERENCES :  Webster’s College Dictionary (Random House/McGraw Hill)
What is an Entrepreneur?
Entrepreneur: A person who organizes and manages an enterprise, especially a business, usually with considerable initiative and risk.
Initiative: Readiness and ability in initiating action.
Risk: The hazard or chance of loss.

NOTE-REFERENCES : The Portable MBA in Entrepreneurship, 2nd Ed.; William D. Bygrave, Editor. John Wiley and Sons Publishers, 1997.
What Does it Take to Be Successful?

• “In entrepreneurship, luck is where preparation and opportunity meet.”

• “The idea is not what is important. In entrepreneurship; ideas are a dime a dozen. Developing the idea, implementing it, and building a successful business are the important things.”

• “Would-be entrepreneurs who are unable to name customers are not ready to start a business. They have only found an idea and have not yet identified a market need.”

• Somehow, someday… you are going to have to earn POSITIVE CASH FLOW. You need more than a revenue model (but you do need that). You need a VALUE model.
  

• Market share is great, but you can’t pay bills with it.
  

• You can do some financially stupid things to build market share.
  

Where Do You Start?
Think about WHO is going to want your product/service, what they will PAY for it, what you will NEED to carry it off, and how you will MAKE MONEY someday. That is, make a PLAN.

Success depends on
positive cash flow, growth,
 and value creation.

   Owners and investors who forget that tend to get “naturally deselected.”

The Importance of Value Creation

• A successful business is one that delivers value to its customers and creates value for its owners.

Value is delivered to your customers when you do something for them
Better
Cheaper
Faster
Cooler
Different
However, it is likely that none of these will work for long, so continuous improvement and innovation are essential.

Value is created for the owners when:
-You do more with their money than they could do with it themselves
-You invest in productive activities that earn rates of return greater than their risk-adjusted costs of capital.
-The present value of future cash flows exceeds the startup costs.

Value is created by:
-Exploiting proprietary physical resources
-Possessing proprietary knowledge or expertise
-Creating a new or improved product, process, or service
-Staying ahead of the competition through constant improvement and innovation
   
Planning for Success

-Don’t plan a business for today – Plan it for at least a year from now.
-Moore’s Law: Computing power will roughly double every 18 months.
-Bandwidth will continue to increase for most users almost ad infinitum.
-People will live longer and maintain active lifestyles far after retirement.
-Energy sources and consumption patterns will change drastically.
-The world will continue to be a very dangerous place.

How To Not Get Funded


-Have a half-baked idea
-Have a meatless business plan
-Can’t articulate your value proposition
-Can’t identify your market potential
-Can’t justify your sales projections
-Can’t show your investors an exit
-Can’t show your investors a reasonable expectation of a reasonable return on investment
-Don’t think about risk
-Take no risk yourself
-Don’t take time to do your homework
-Try to fund a “lifestyle” venture

Funding Your Venture

-The hardest funding to raise is the first funding. You are probably on your own.
-Later funding gets progressively easier depending on the results you can show to investors and what you need to fund.
-BANKS are probably not going to help.
-The best funding is INTERNAL funding (reinvested earnings).
-PRIVATE EQUITY is the current buzzword for the major capital source for business ventures.
Closing thoughts
https://i.imgur.com/GI4Ui2E.png
picture source :https://wealthygorilla.com/23-wise-warren-buffett-quotes-on-success/

That's true and indeed. I'm thinking what business should I choose. But one thing to remember when starting a business.,  Location is totally matters and also managing.  Funds needs to be ready and always add to what expected. Always open for opportunities and feedback.  That will do. 

[handsomes]

Thank you for the beautiful article because of the background before i exciting to start a business but i take a risk because first will have experience the risk and may possible lost your business but this is learned about your self so i follow this rule.

[handyhuman]

Before starting a business the first thing to consider is what line of business you're going to take. Your business should offer the daily needs of people. With this idea, its a sure thing that you won't loss on your business.

First thing to think before opening a business is to think what are the best thing to sell in order to have a long term business and make it wider.  Should have the idea of what people actually needs daily.  

[VentureHero]

A lot of valuable points about the general mindset of a soon-to-be entrepreneur. When I find some spare time, I'll try to draft a list of some additional practical tips.

[ilhamdoni]

wawawawa.This is actually a good read and very informative especially for those who wants to start a business. Honestly I also wanted to put up a business of my own but I'm trying to read some articles and information about starting a business. thank you

[Pakwan12]

The things that you need to considers before you start a business are,you have enough capital for your business, then the place  where you can put, and the cheaper and different  business in your place.

[Falmera]

Before starting a business the first thing to consider is what line of business you're going to take. Your business should offer the daily needs of people. With this idea, its a sure thing that you won't loss on your business.

I agree with this. Yes, I think that too. There is q big possibility of gaining and not losing if your business is in demand by all people. Like for instance the prime commodities, clothing and others.

[mokamoka]

first, you need to come up with an unique idea
second, you must have extra money or raise sufficient fund
third, you can insist on such a hard and long-lasting process, and never give up.

[Daday23]

Well I just want to share some information regarding on how to start a business because as we can see, we are all want to have a stable business and we want to be a very good entrepreneur someday because if we're just working and working to earn money then if we can't work anymore we won't be able to sustain our needs anymore. I think this is worth reading especially those who are planning to build an ICO or a project. I've got this from my professor on college :

NOTE-REFERENCES :  Webster’s College Dictionary (Random House/McGraw Hill)
What is an Entrepreneur?
Entrepreneur: A person who organizes and manages an enterprise, especially a business, usually with considerable initiative and risk.
Initiative: Readiness and ability in initiating action.
Risk: The hazard or chance of loss.

NOTE-REFERENCES : The Portable MBA in Entrepreneurship, 2nd Ed.; William D. Bygrave, Editor. John Wiley and Sons Publishers, 1997.
What Does it Take to Be Successful?

• “In entrepreneurship, luck is where preparation and opportunity meet.”

• “The idea is not what is important. In entrepreneurship; ideas are a dime a dozen. Developing the idea, implementing it, and building a successful business are the important things.”

• “Would-be entrepreneurs who are unable to name customers are not ready to start a business. They have only found an idea and have not yet identified a market need.”

• Somehow, someday… you are going to have to earn POSITIVE CASH FLOW. You need more than a revenue model (but you do need that). You need a VALUE model.
  

• Market share is great, but you can’t pay bills with it.
  

• You can do some financially stupid things to build market share.
  

Where Do You Start?
Think about WHO is going to want your product/service, what they will PAY for it, what you will NEED to carry it off, and how you will MAKE MONEY someday. That is, make a PLAN.

Success depends on
positive cash flow, growth,
 and value creation.

   Owners and investors who forget that tend to get “naturally deselected.”

The Importance of Value Creation

• A successful business is one that delivers value to its customers and creates value for its owners.

Value is delivered to your customers when you do something for them
Better
Cheaper
Faster
Cooler
Different
However, it is likely that none of these will work for long, so continuous improvement and innovation are essential.

Value is created for the owners when:
-You do more with their money than they could do with it themselves
-You invest in productive activities that earn rates of return greater than their risk-adjusted costs of capital.
-The present value of future cash flows exceeds the startup costs.

Value is created by:
-Exploiting proprietary physical resources
-Possessing proprietary knowledge or expertise
-Creating a new or improved product, process, or service
-Staying ahead of the competition through constant improvement and innovation
   
Planning for Success

-Don’t plan a business for today – Plan it for at least a year from now.
-Moore’s Law: Computing power will roughly double every 18 months.
-Bandwidth will continue to increase for most users almost ad infinitum.
-People will live longer and maintain active lifestyles far after retirement.
-Energy sources and consumption patterns will change drastically.
-The world will continue to be a very dangerous place.

How To Not Get Funded


-Have a half-baked idea
-Have a meatless business plan
-Can’t articulate your value proposition
-Can’t identify your market potential
-Can’t justify your sales projections
-Can’t show your investors an exit
-Can’t show your investors a reasonable expectation of a reasonable return on investment
-Don’t think about risk
-Take no risk yourself
-Don’t take time to do your homework
-Try to fund a “lifestyle” venture

Funding Your Venture

-The hardest funding to raise is the first funding. You are probably on your own.
-Later funding gets progressively easier depending on the results you can show to investors and what you need to fund.
-BANKS are probably not going to help.
-The best funding is INTERNAL funding (reinvested earnings).
-PRIVATE EQUITY is the current buzzword for the major capital source for business ventures.
Closing thoughts
https://i.imgur.com/GI4Ui2E.png
picture source :https://wealthygorilla.com/23-wise-warren-buffett-quotes-on-success/

It really help me before i start i business because i have a plan to have a food business.Thankyou for this link.

[Elexsis]

In my own opinion, before you start a business, you need a capital. You must calculate the capital base on the business that you're going to start. And you need to set plans and think about its future, how will it end up or how will it be successful, because setting or thinking things before you start gives you a better foresight on what will happen in your business in the future. And also you need to think what business to start, it should be unique from things that exist right now, so it will be attractive to people, the more it attracts, the bigger the demand.

i think capital is not the first diurutan in starting a business. but indeed the capital can support the success of the business run. i think the inner knowledge of a project and strategy is the main part

Both capital and strategy is the main part to support for the success if you want to build a business which it has an idea and concept that is innovative, creativity and capable to our community and industry.

[shunga]

This is actually a good read and very informative especially for those who wants to start a business. Honestly I also wanted to put up a business of my own but I'm trying to read some articles and information about starting a business. You can't just wake up one day and say I'll withdraw money from the bank to start a business today, of course it needs to be premeditated at first.

For some businessman they consider the needs of customers unlike any other businesses that always thinks about their gains or income. It is pretty innovative to conduct surveys at the crowd and to what people mostly like, because in some point we cannot ignore the so called market competition that has always been in the economy, so before you should start business you need to be a little wiser.

Small or big business needs capital. For me capital is one if the most important thing to consider in putting a business then the strategy that you will use. Having a busi ess plan make your business easy and attainble. This will serve as a guideline for you to have direction and focus. You should have the strategies how will your business will click to the consumer. Successful  business starts with agood plans

[tutakhamunba]

Before starting a business, the most important thing to consider is "where to find the customers?". The customer is the foundation of any business' success.
The second thing is "what makes you better than your competitors?"

[TurboPower]

Well I just want to share some information regarding on how to start a business because as we can see, we are all want to have a stable business and we want to be a very good entrepreneur someday because if we're just working and working to earn money then if we can't work anymore we won't be able to sustain our needs anymore. I think this is worth reading especially those who are planning to build an ICO or a project. I've got this from my professor on college :

NOTE-REFERENCES :  Webster’s College Dictionary (Random House/McGraw Hill)
What is an Entrepreneur?
Entrepreneur: A person who organizes and manages an enterprise, especially a business, usually with considerable initiative and risk.
Initiative: Readiness and ability in initiating action.
Risk: The hazard or chance of loss.

NOTE-REFERENCES : The Portable MBA in Entrepreneurship, 2nd Ed.; William D. Bygrave, Editor. John Wiley and Sons Publishers, 1997.
What Does it Take to Be Successful?

• “In entrepreneurship, luck is where preparation and opportunity meet.”

• “The idea is not what is important. In entrepreneurship; ideas are a dime a dozen. Developing the idea, implementing it, and building a successful business are the important things.”

• “Would-be entrepreneurs who are unable to name customers are not ready to start a business. They have only found an idea and have not yet identified a market need.”

• Somehow, someday… you are going to have to earn POSITIVE CASH FLOW. You need more than a revenue model (but you do need that). You need a VALUE model.
  

• Market share is great, but you can’t pay bills with it.
  

• You can do some financially stupid things to build market share.
  

Where Do You Start?
Think about WHO is going to want your product/service, what they will PAY for it, what you will NEED to carry it off, and how you will MAKE MONEY someday. That is, make a PLAN.

Success depends on
positive cash flow, growth,
 and value creation.

   Owners and investors who forget that tend to get “naturally deselected.”

The Importance of Value Creation

• A successful business is one that delivers value to its customers and creates value for its owners.

Value is delivered to your customers when you do something for them
Better
Cheaper
Faster
Cooler
Different
However, it is likely that none of these will work for long, so continuous improvement and innovation are essential.

Value is created for the owners when:
-You do more with their money than they could do with it themselves
-You invest in productive activities that earn rates of return greater than their risk-adjusted costs of capital.
-The present value of future cash flows exceeds the startup costs.

Value is created by:
-Exploiting proprietary physical resources
-Possessing proprietary knowledge or expertise
-Creating a new or improved product, process, or service
-Staying ahead of the competition through constant improvement and innovation
   
Planning for Success

-Don’t plan a business for today – Plan it for at least a year from now.
-Moore’s Law: Computing power will roughly double every 18 months.
-Bandwidth will continue to increase for most users almost ad infinitum.
-People will live longer and maintain active lifestyles far after retirement.
-Energy sources and consumption patterns will change drastically.
-The world will continue to be a very dangerous place.

How To Not Get Funded


-Have a half-baked idea
-Have a meatless business plan
-Can’t articulate your value proposition
-Can’t identify your market potential
-Can’t justify your sales projections
-Can’t show your investors an exit
-Can’t show your investors a reasonable expectation of a reasonable return on investment
-Don’t think about risk
-Take no risk yourself
-Don’t take time to do your homework
-Try to fund a “lifestyle” venture

Funding Your Venture

-The hardest funding to raise is the first funding. You are probably on your own.
-Later funding gets progressively easier depending on the results you can show to investors and what you need to fund.
-BANKS are probably not going to help.
-The best funding is INTERNAL funding (reinvested earnings).
-PRIVATE EQUITY is the current buzzword for the major capital source for business ventures.
Closing thoughts
https://i.imgur.com/GI4Ui2E.png
picture source :https://wealthygorilla.com/23-wise-warren-buffett-quotes-on-success/

Having one's own particular business can be the greatest dream anyone can get into to the extent accomplishing money related opportunity is concerned. What's more, we require more business people who will go for broke in understanding their dreams...these are the general population who are contributing huge to the nation's economy and can begin a progressively outstretching influence in light of the fact that there is an once in a lifetime opportunity they can be employing individuals as well.

Notwithstanding, getting into an effective business isn't that simple that is we must be readied while we are making a few dangers. Dangers must be alleviated so the effect is diminish while the business potential for development is expanded. I generally have a major and profound regard for individuals who are daring people yet recognizes what they are doing.

[BamBog]

There are a lot of things to consider, you should consider the cost of operation, the profitability, the
evergreeness of the business(ability to generate money in all kinds of situation) and also you should consider marketing as this goes a long way

I agree with you. Besides we have big resources of money, dreams and the potential to be successful, of course we need to calculate the details before investing in a business, set planning marketing how to can gain the targeted customer so that can get profit return after are also one of most important. even though in the end everything depends on luck itself.

[Btcmicel]

There are a lot of things to consider, you should consider the cost of operation, the profitability, the
evergreeness of the business(ability to generate money in all kinds of situation) and also you should consider marketing as this goes a long way

I agree with you. Besides we have big resources of money, dreams and the potential to be successful, of course we need to calculate the details before investing in a business, set planning marketing how to can gain the targeted customer so that can get profit return after are also one of most important. even though in the end everything depends on luck itself.

Handling a business is not as easy as that, you need to be physically and mentally fit  in all aspect so that you have a power to work for it. A big capital and a nice location  .

[squog]

That is true. There are alot of things to consider before even thinking about the capital you are willing to put in. I saw many people who had to learn all these the hard way and they lost tons of money to earn the success they have. I think the best way to look at it is an awful lot of planning and careful execution and a right amount of risk to be successful in a business.

[Sengoko]

Before starting a business, the most important thing to consider is "where to find the customers?". The customer is the foundation of any business' success.
The second thing is "what makes you better than your competitors?"

The choice of the right business to invest your money and then having a complete knowledge regarding all the possible things related to that business is the most important thing to do and that you have to be sure that you are not missing anything. Other than that, you also have to know about all of your competitors and that you need to be more productive to get lead over them.

[cryptogayan98]

t must be planned first to start any business. It should be a good concern about it, it should also have the background and the need. Businesses must succeed in doing so. The business must also acquire the knowledge of business. Information should be obtained from each article on business. You must first be wise to start your business. Also look for dealers. Notice how businesses are successful.

[ParkSaezz]

 I should also quickly add that losses should not deter a person from halting his business but the appropriate research and analysis of why he he or she consistently made losses could help one get back on track.

[tintinbongs]

Good insights, what i suggest most is do a research, study the business well and pray a lot, so that you will be more joyful when you know that your business comes from the LorD.

[Rauxanhinu]

Im running my own business too but before i conduct and start to operate,i make sure that i know the product well. I know the place, i have my target costumer and i have my own strategy to attract the costumer. I have a simple managing technique but i have a long researching before then.

[Atlantic12]

This information has been very useful to me. I think these a major stuffs to consider and know before starting a project.

[Arlibtchunt2018]

Well I just want to share some information regarding on how to start a business because as we can see, we are all want to have a stable business and we want to be a very good entrepreneur someday because if we're just working and working to earn money then if we can't work anymore we won't be able to sustain our needs anymore. I think this is worth reading especially those who are planning to build an ICO or a project. I've got this from my professor on college :

NOTE-REFERENCES :  Webster’s College Dictionary (Random House/McGraw Hill)
What is an Entrepreneur?
Entrepreneur: A person who organizes and manages an enterprise, especially a business, usually with considerable initiative and risk.
Initiative: Readiness and ability in initiating action.
Risk: The hazard or chance of loss.

NOTE-REFERENCES : The Portable MBA in Entrepreneurship, 2nd Ed.; William D. Bygrave, Editor. John Wiley and Sons Publishers, 1997.
What Does it Take to Be Successful?

• “In entrepreneurship, luck is where preparation and opportunity meet.”

• “The idea is not what is important. In entrepreneurship; ideas are a dime a dozen. Developing the idea, implementing it, and building a successful business are the important things.”

• “Would-be entrepreneurs who are unable to name customers are not ready to start a business. They have only found an idea and have not yet identified a market need.”

• Somehow, someday… you are going to have to earn POSITIVE CASH FLOW. You need more than a revenue model (but you do need that). You need a VALUE model.
  

• Market share is great, but you can’t pay bills with it.
  

• You can do some financially stupid things to build market share.
  

Where Do You Start?
Think about WHO is going to want your product/service, what they will PAY for it, what you will NEED to carry it off, and how you will MAKE MONEY someday. That is, make a PLAN.

Success depends on
positive cash flow, growth,
 and value creation.

   Owners and investors who forget that tend to get “naturally deselected.”

The Importance of Value Creation

• A successful business is one that delivers value to its customers and creates value for its owners.

Value is delivered to your customers when you do something for them
Better
Cheaper
Faster
Cooler
Different
However, it is likely that none of these will work for long, so continuous improvement and innovation are essential.

Value is created for the owners when:
-You do more with their money than they could do with it themselves
-You invest in productive activities that earn rates of return greater than their risk-adjusted costs of capital.
-The present value of future cash flows exceeds the startup costs.

Value is created by:
-Exploiting proprietary physical resources
-Possessing proprietary knowledge or expertise
-Creating a new or improved product, process, or service
-Staying ahead of the competition through constant improvement and innovation
   
Planning for Success

-Don’t plan a business for today – Plan it for at least a year from now.
-Moore’s Law: Computing power will roughly double every 18 months.
-Bandwidth will continue to increase for most users almost ad infinitum.
-People will live longer and maintain active lifestyles far after retirement.
-Energy sources and consumption patterns will change drastically.
-The world will continue to be a very dangerous place.

How To Not Get Funded


-Have a half-baked idea
-Have a meatless business plan
-Can’t articulate your value proposition
-Can’t identify your market potential
-Can’t justify your sales projections
-Can’t show your investors an exit
-Can’t show your investors a reasonable expectation of a reasonable return on investment
-Don’t think about risk
-Take no risk yourself
-Don’t take time to do your homework
-Try to fund a “lifestyle” venture

Funding Your Venture

-The hardest funding to raise is the first funding. You are probably on your own.
-Later funding gets progressively easier depending on the results you can show to investors and what you need to fund.
-BANKS are probably not going to help.
-The best funding is INTERNAL funding (reinvested earnings).
-PRIVATE EQUITY is the current buzzword for the major capital source for business ventures.
Closing thoughts

picture source :https://wealthygorilla.com/23-wise-warren-buffett-quotes-on-success/

This is a very good statement for us investors. This has added up to my knowledge regarding business. Many have shared their advice but this one is a very compact with a brief knowledge.

[AleSergio]

Thats true there are tons of things that you need to consider before opening you business, it is difficult thing.
As for me the most difficult part is not planing or money. The biggest problem is taxes and to make your business legal, thats the thing, where you always will have problems.

[Astra2127]

Based on my experience, because we are owning a small bake shop, first thing we considered is the money we need or the capital itself. Knowing your capacity financially is very critical, it includes the money you need for your stall, product, and for the people you are going to hire for example. Next is ofcourse the location or area you will be choosing for your business. It is very crucial nowadays because places that are good for businesses are mostly populated, but putting your business in that kind of area is  very good for your concern which is business. Another thing is about "backup budget" or "extra budget" just in case your business didn't success, but don't worry about it businesses always go through struggles it just a matter of trial and error. Goodluck to you and to your business! 😊😊

[aeternus]

First and foremost is the ability from yourself if you are able to build a business, if you have enough capital to start or you are just pushing and trying hard to start even though you are lacking of capital. It is best for you to measure things before you start a business because starting a business is not an easy thing and you should be prepared, well prepared before you start.

The most important thing to start a business is not the money that you may have, there are many stories of people starting businesses with very little money and becoming really successful, what you need is a good idea and good business skills, there are many businesses that are not really revolutionary and yet they make money for their owners.

[Layers318]

I have started a food joint and one thing i realized is that it is very important to consider your human resources and treat it with the topmost priority. Getting a loyal and hard working employees is very difficult to come by.
Also, in our world of fast growing technology and decentralization, it is very smart to integrate cryptocurrency into every business to facilitate the mode of payment and also generate more income as the market goes up.

[deppil]

Before starting a business the first thing to consider is what line of business you're going to take. Your business should offer the daily needs of people. With this idea, its a sure thing that you won't loss on your business.

I agree with this. Yes, I think that too. There is q big possibility of gaining and not losing if your business is in demand by all people. Like for instance the prime commodities, clothing and others.

Yeah you have to consider a lot of things. not only the products that you sell are according to their needs or not but there are many other things like your product must last a long time to avoid losses when not sold/ then follow the existing trends. new innovations and so on

[lienfaye]

The most important thing that one to consider when putting up business is capital. Well some would say that even if there is low capital if one who do the business is well discipline it will be able to grow the business and yes they are right but in my way if i have to put up a business i should need a huge capital to work things out completely doing business.

I think it depends on what kind of business you're going to build.

In my case I started with small capital and able to grow it few months after I launched my business, its called repair and accessories of gadgets.

I consider many things before I put this up like the planning, budget, location and the demand of customers.

[mitchr4]

The most important thing that one to consider when putting up business is capital. Well some would say that even if there is low capital if one who do the business is well discipline it will be able to grow the business and yes they are right but in my way if i have to put up a business i should need a huge capital to work things out completely doing business.

In my opinion, capital does not have a big impact on starting a business, but an opportunity because without a business opportunity it will not run smoothly. The profits earned will be hampered. Whatever the initial capital to do business without opportunities is the same, meaningless.

[Bonsaiav]

Success is the thing the most sought after by everyone. One way that many people do to achieve it is to start a business. The idea of ​​becoming an entrepreneur has become a trend in all circles of society, especially young people. Therefore, today many people have become successful entrepreneurs at a young age. This thing is indeed not surprising because there are many people, who are starting to feel tired and limited by just being employees, so the thought of making a business's their choice.

To be able to succeed in running a business of course we must be aware, that business doesn't always run smoothly so we still need some skills and steps which must be done correctly. There's even though which says that not everyone can be an entrepreneur. But actually, everyone can become entrepreneurs if we want to learn and work hard.

We must focus on one opportunity then all our ideas and thoughts to develop the business will be more focused.
Do not start a business just because you see a big profit, looks cool, or because of coercion, because this 'thing' can make your business run optimally.
Take full control of everything especially about business which we are involved in, and we must always be ready to explain as clearly as possible. This's so that we can make investors believe that he put his money in the right hands that is we as people understand the business well.
No one too who knows all the things, therefore it's very important to be open to the views or thoughts of others. By consulting other people such as mentors, friends, or other successful people, we can learn from what he has done.
Live with the view, that we are beginners who need money to succeed. That way we will enjoy more the process of success and everything, and what we dream of will come at a time.
We must be prepared to face failure. Because not everything we plan always runs smoothly according to our wishes. Precisely failure must occur to teach us and prepare us to become successful people later.
Show that this business concept will be very profitable for investors. Run your business concept with a minimum of capital to provide concrete evidence to investors. To succeed, everyone must work hard but don't forget that maintaining health is also our responsibility. With us maintaining health whatever we do will be more productive.
Don't talk too much but we can't do anything. Prove what we can do through action not through words, because with us acting people will be better able to assess the results of our work.
Sometimes the business we start doesn't lead us to success but instead makes us worse off. When the situation comes, then we must know when to stop. Because being wise and sensitive to the situation will help us to avoid adversity.

[finzyoj]

The most important thing that one to consider when putting up business is capital. Well some would say that even if there is low capital if one who do the business is well discipline it will be able to grow the business and yes they are right but in my way if i have to put up a business i should need a huge capital to work things out completely doing business.

In my opinion, capital does not have a big impact on starting a business, but an opportunity because without a business opportunity it will not run smoothly. The profits earned will be hampered. Whatever the initial capital to do business without opportunities is the same, meaningless.

Things to consider before starting a business,  well its all matter of searching for everything.
Gather data on which is the best option to start a business. Also we can study how to start a newest and has a potential to open a business.  And of course we have to consider our capital to open a business and if we saw it that it has a big chance to gain from it.  Take risk and start the business.

[domarakooth]

I have started a food joint and one thing i realized is that it is very important to consider your human resources and treat it with the topmost priority. Getting a loyal and hard working employees is very difficult to come by.
Also, in our world of fast growing technology and decentralization, it is very smart to integrate cryptocurrency into every business to facilitate the mode of payment and also generate more income as the market goes up.

I never read quotes of people i just know in order to get success you have to work day and night. You should not invest in business until you get knowledge and experience.

[tegacoll86]

I have started a food joint and one thing i realized is that it is very important to consider your human resources and treat it with the topmost priority. Getting a loyal and hard working employees is very difficult to come by.
Also, in our world of fast growing technology and decentralization, it is very smart to integrate cryptocurrency into every business to facilitate the mode of payment and also generate more income as the market goes up.

Always start with low amount and never trust to unknowns person. I read a lots of article about starting business but i never satisfy with them. Working hard is the key.

[promich21]

I have started a food joint and one thing i realized is that it is very important to consider your human resources and treat it with the topmost priority. Getting a loyal and hard working employees is very difficult to come by.
Also, in our world of fast growing technology and decentralization, it is very smart to integrate cryptocurrency into every business to facilitate the mode of payment and also generate more income as the market goes up.

I've never interest with any kind of business i always afraid from investing and losing the money also i heard a lots of scammers can makes you fool and grab your money.

[Okrah]

of course it needs to be premeditated at first.

Exactly planning is the first thing that one should do. All the things should be consider including the possible adjustments. Thinking ahead of the possibilities will let you overcome the possibilities of the challenges ahead. One must not forget that planning is one of the vital part of the success to start a business.

 

Before starting a business the first thing to consider is what line of business you're going to take. Your business should offer the daily needs of people. With this idea, its a sure thing that you won't loss on your business.

Well there are business too that was able to emerge and done without being carefully chose from. These are the opportunity that one was able to grab and then nurture to become more establish in the near future. I do know some of the successful entrepreneur. Have you heard about the story of a man without email? He was indeed successful and it was not his choice what to become but instead he just grab the opportunity due to financial difficulties.

[rickyharun]

Before starting a business the first thing to consider is what line of business you're going to take. Your business should offer the daily needs of people. With this idea, its a sure thing that you won't loss on your business.

I agree with this. Yes, I think that too. There is q big possibility of gaining and not losing if your business is in demand by all people. Like for instance the prime commodities, clothing and others.

Yeah you have to consider a lot of things. not only the products that you sell are according to their needs or not but there are many other things like your product must last a long time to avoid losses when not sold/ then follow the existing trends. new innovations and so on

really hard and difficult to start our own business.business man really need hard strugle and mental when their product not accepted yet in market.he should make breakthrough to penetrate and able to defeat competitor.

[lingwistiko]

I think a thorough investigation is needed before starting a business. If it means traditional business, feasibility is needed so as to weigh in if there is really a need to start a business or no need anymore to avoid wasting your money and time. Just like in crypto investments, you also need to investigate on a certain crypto whether it has a potential to boom in the market.

[Dr.Osh]

well, the best consideration before you start a business is, whether the business you are going to run is really needed. after that, you have to think about the funds you have, places, and much more. I think experience will make you know what you need. if you want to make an investment, I think you also have to learn that.

[Commotheon]

I have started a food joint and one thing i realized is that it is very important to consider your human resources and treat it with the topmost priority. Getting a loyal and hard working employees is very difficult to come by.
Also, in our world of fast growing technology and decentralization, it is very smart to integrate cryptocurrency into every business to facilitate the mode of payment and also generate more income as the market goes up.

After reading your article its seems that i can also start the business without any afraid.Thanks for the sharing such article not only me but it can helps newbies to start there own business and make profit.

[dowellness]

Before starting a business the first thing to consider is what line of business you're going to take. Your business should offer the daily needs of people. With this idea, its a sure thing that you won't loss on your business.

I agree with this. Yes, I think that too. There is q big possibility of gaining and not losing if your business is in demand by all people. Like for instance the prime commodities, clothing and others.

Yeah you have to consider a lot of things. not only the products that you sell are according to their needs or not but there are many other things like your product must last a long time to avoid losses when not sold/ then follow the existing trends. new innovations and so on

I would like to share your article with friends and my family hope they'll agree to start their own since they're also afraid like me.

[aeternus]

I have started a food joint and one thing i realized is that it is very important to consider your human resources and treat it with the topmost priority. Getting a loyal and hard working employees is very difficult to come by.
Also, in our world of fast growing technology and decentralization, it is very smart to integrate cryptocurrency into every business to facilitate the mode of payment and also generate more income as the market goes up.

Getting the right people at the right positions is probably one of the hardest things to do as the boss and owner of a business, a lot of people prefer to choose friends or people that they know to occupy those positions but you do not know if they are actually capable of managing the responsibility, so many businesses fail because they put the wrong people at the wrong positions.

[Sarastiche]

Before starting a business do a detailed research about the environment, ensure your service or product is in demand where you are locating your sales or service point, do not start a business in order to take advantage of people, create a niche that separate you from your competitors in order to get a share from the market.

[MTNAX]

Before starting a business it would be nice to really know the knowledge of doing business first. Not only that, we also need to know exactly how the current market conditions are. You can do business by knowing in advance what people are interested in at the moment, because it certainly also affects your business. Maybe your experience in working is also very influential for your business going forward.

[spongegar]

This is a veru ideal set up for businesses in any economic platform. But then again, we didn't live in an ideal set up. The government will take a huge bite out of your business and big companies will match what you have but cheaper and more accessible because you're a small business and you don't buy in bulk like the huge companies.

[Pattart]

I have started a food joint and one thing i realized is that it is very important to consider your human resources and treat it with the topmost priority. Getting a loyal and hard working employees is very difficult to come by.
Also, in our world of fast growing technology and decentralization, it is very smart to integrate cryptocurrency into every business to facilitate the mode of payment and also generate more income as the market goes up.

Always start with low amount and never trust to unknowns person. I read a lots of article about starting business but i never satisfy with them. Working hard is the key.

That means you need to work hard to achieve success and its true do not make a business before you have more experience in the business that you will create and do not have extensive knowledge in the field. learn first about the business that you will run until you have experience more..

[aeternus]

Before starting a business do a detailed research about the environment, ensure your service or product is in demand where you are locating your sales or service point, do not start a business in order to take advantage of people, create a niche that separate you from your competitors in order to get a share from the market.

It is very easy to say that you are going to create something that your competitors do not have and make money that way, but in fact that is really complicated because your competitors are going to watch everything that you do and if you have a good idea they are going to copy your idea immediately, so not only you need good ideas and good products and services, you need the ability to market them before they are copied.

[jobukegoya]

Thats true there are tons of things that you need to consider before opening you business, it is difficult thing.
As for me the most difficult part is not planing or money. The biggest problem is taxes and to make your business legal, thats the thing, where you always will have problems.

Many things must be considered before starting a business, the most important is the business that wants to run whether in accordance with the ability or not, meaning that besides the product, marketing certainly involves capital. Is capital of cash or capital credit. Everything must be calculated so as not to stop halfway.

[Lorin]

Having your own business is good a good start to have a good life but there are many things you need to consider before you start a  business.
Of course it needs a capital, without it how could your business start and specially your aware that there are times that there are looses so you need to learn first what business you are planning to open.

[zoeylee]

I think this would be very informative to those who wants to venture to prepare things. Business needs a very wise decision!

[Silberman]

The most important thing that one to consider when putting up business is capital. Well some would say that even if there is low capital if one who do the business is well discipline it will be able to grow the business and yes they are right but in my way if i have to put up a business i should need a huge capital to work things out completely doing business.

In my opinion, capital does not have a big impact on starting a business, but an opportunity because without a business opportunity it will not run smoothly. The profits earned will be hampered. Whatever the initial capital to do business without opportunities is the same, meaningless.

I agree, many seem to think you need a huge amount of money so you can start a business but what you really need is to have a great idea, many of the biggest business that you see started in the garage of someone with an idea and a desire to create something new and out of it they created a business that made them millions, so instead of concentrating on how much money you need it is better to concentrate on how you can improve something.

[Captain Sneeze]

Well I just want to share some information regarding on how to start a business because as we can see, we are all want to have a stable business and we want to be a very good entrepreneur someday because if we're just working and working to earn money then if we can't work anymore we won't be able to sustain our needs anymore. I think this is worth reading especially those who are planning to build an ICO or a project. I've got this from my professor on college :

NOTE-REFERENCES :  Webster’s College Dictionary (Random House/McGraw Hill)
What is an Entrepreneur?
Entrepreneur: A person who organizes and manages an enterprise, especially a business, usually with considerable initiative and risk.
Initiative: Readiness and ability in initiating action.
Risk: The hazard or chance of loss.

NOTE-REFERENCES : The Portable MBA in Entrepreneurship, 2nd Ed.; William D. Bygrave, Editor. John Wiley and Sons Publishers, 1997.
What Does it Take to Be Successful?

• “In entrepreneurship, luck is where preparation and opportunity meet.”

• “The idea is not what is important. In entrepreneurship; ideas are a dime a dozen. Developing the idea, implementing it, and building a successful business are the important things.”

• “Would-be entrepreneurs who are unable to name customers are not ready to start a business. They have only found an idea and have not yet identified a market need.”

• Somehow, someday… you are going to have to earn POSITIVE CASH FLOW. You need more than a revenue model (but you do need that). You need a VALUE model.
  

• Market share is great, but you can’t pay bills with it.
  

• You can do some financially stupid things to build market share.
  

Where Do You Start?
Think about WHO is going to want your product/service, what they will PAY for it, what you will NEED to carry it off, and how you will MAKE MONEY someday. That is, make a PLAN.

Success depends on
positive cash flow, growth,
 and value creation.

   Owners and investors who forget that tend to get “naturally deselected.”

The Importance of Value Creation

• A successful business is one that delivers value to its customers and creates value for its owners.

Value is delivered to your customers when you do something for them
Better
Cheaper
Faster
Cooler
Different
However, it is likely that none of these will work for long, so continuous improvement and innovation are essential.

Value is created for the owners when:
-You do more with their money than they could do with it themselves
-You invest in productive activities that earn rates of return greater than their risk-adjusted costs of capital.
-The present value of future cash flows exceeds the startup costs.

Value is created by:
-Exploiting proprietary physical resources
-Possessing proprietary knowledge or expertise
-Creating a new or improved product, process, or service
-Staying ahead of the competition through constant improvement and innovation
   
Planning for Success

-Don’t plan a business for today – Plan it for at least a year from now.
-Moore’s Law: Computing power will roughly double every 18 months.
-Bandwidth will continue to increase for most users almost ad infinitum.
-People will live longer and maintain active lifestyles far after retirement.
-Energy sources and consumption patterns will change drastically.
-The world will continue to be a very dangerous place.

How To Not Get Funded


-Have a half-baked idea
-Have a meatless business plan
-Can’t articulate your value proposition
-Can’t identify your market potential
-Can’t justify your sales projections
-Can’t show your investors an exit
-Can’t show your investors a reasonable expectation of a reasonable return on investment
-Don’t think about risk
-Take no risk yourself
-Don’t take time to do your homework
-Try to fund a “lifestyle” venture

Funding Your Venture

-The hardest funding to raise is the first funding. You are probably on your own.
-Later funding gets progressively easier depending on the results you can show to investors and what you need to fund.
-BANKS are probably not going to help.
-The best funding is INTERNAL funding (reinvested earnings).
-PRIVATE EQUITY is the current buzzword for the major capital source for business ventures.
Closing thoughts

picture source :https://wealthygorilla.com/23-wise-warren-buffett-quotes-on-success/

There are so many things to consider on starting a business in order to be succesful. Like for example , the environment that you are living. If the place where you want to make a business is near the school then you need to make a business for students so you can make huge profit. Make sure that it matches the environment. Its not easy to make a business , there are some things you need to know. You also need to study how it works , and how you control your money. Take risk and work hard.

[Santoshi_my_God_]

Thats true there are tons of things that you need to consider before opening you business, it is difficult thing.
As for me the most difficult part is not planing or money. The biggest problem is taxes and to make your business legal, thats the thing, where you always will have problems.

Many things must be considered before starting a business, the most important is the business that wants to run whether in accordance with the ability or not, meaning that besides the product, marketing certainly involves capital. Is capital of cash or capital credit. Everything must be calculated so as not to stop halfway.

For these all and for going to complete all the challenges in starting a businesses it is important that the starter must have skills and the required money if he will have these both then he will know that what to do at what stage and he will know that to whom he have to hire and he will be able to pay them for giving success to that business.

[Japinat]

Thats true there are tons of things that you need to consider before opening you business, it is difficult thing.
As for me the most difficult part is not planing or money. The biggest problem is taxes and to make your business legal, thats the thing, where you always will have problems.

Many things must be considered before starting a business, the most important is the business that wants to run whether in accordance with the ability or not, meaning that besides the product, marketing certainly involves capital. Is capital of cash or capital credit. Everything must be calculated so as not to stop halfway.

For these all and for going to complete all the challenges in starting a businesses it is important that the starter must have skills and the required money if he will have these both then he will know that what to do at what stage and he will know that to whom he have to hire and he will be able to pay them for giving success to that business.

We have to choose our business where we can utilize our skills and can consider it as our passion.
Business will succeed more if we have the skills and we love what we are doing.
Me, I'm just a simple guy who are willing to take risk, I believe my skills is in crypto and though it's not traditional type of business, I'm still here to risk my money.

[awik p]

Thats true there are tons of things that you need to consider before opening you business, it is difficult thing.
As for me the most difficult part is not planing or money. The biggest problem is taxes and to make your business legal, thats the thing, where you always will have problems.

Many things must be considered before starting a business, the most important is the business that wants to run whether in accordance with the ability or not, meaning that besides the product, marketing certainly involves capital. Is capital of cash or capital credit. Everything must be calculated so as not to stop halfway.

For these all and for going to complete all the challenges in starting a businesses it is important that the starter must have skills and the required money if he will have these both then he will know that what to do at what stage and he will know that to whom he have to hire and he will be able to pay them for giving success to that business.

We have to choose our business where we can utilize our skills and can consider it as our passion.
Business will succeed more if we have the skills and we love what we are doing.
Me, I'm just a simple guy who are willing to take risk, I believe my skills is in crypto and though it's not traditional type of business, I'm still here to risk my money.

right, the most comfortable business is based on our pleasure, so we can do the business happily. although there are many obstacles, of course it will be faced with pleasure too. and in the end we can get maximum results. what is certain is not to do business just because of following other people. it will harm us

[devinks]

Thats true there are tons of things that you need to consider before opening you business, it is difficult thing.
As for me the most difficult part is not planing or money. The biggest problem is taxes and to make your business legal, thats the thing, where you always will have problems.

Many things must be considered before starting a business, the most important is the business that wants to run whether in accordance with the ability or not, meaning that besides the product, marketing certainly involves capital. Is capital of cash or capital credit. Everything must be calculated so as not to stop halfway.

For these all and for going to complete all the challenges in starting a businesses it is important that the starter must have skills and the required money if he will have these both then he will know that what to do at what stage and he will know that to whom he have to hire and he will be able to pay them for giving success to that business.

of course the skills and experience that are most needed if you want to start a business, if it is about money, it might be easy because we have a small amount of money, we can start a small business by utilizing makeshift materials and tools, then growing and developing. no one who starts his business can immediately succeed and surely all of them need stages and processes.

[Vanshenz]

Well I just want to share some information regarding on how to start a business because as we can see, we are all want to have a stable business and we want to be a very good entrepreneur someday because if we're just working and working to earn money then if we can't work anymore we won't be able to sustain our needs anymore. I think this is worth reading especially those who are planning to build an ICO or a project. I've got this from my professor on college :

NOTE-REFERENCES :  Webster’s College Dictionary (Random House/McGraw Hill)
What is an Entrepreneur?
Entrepreneur: A person who organizes and manages an enterprise, especially a business, usually with considerable initiative and risk.
Initiative: Readiness and ability in initiating action.
Risk: The hazard or chance of loss.

NOTE-REFERENCES : The Portable MBA in Entrepreneurship, 2nd Ed.; William D. Bygrave, Editor. John Wiley and Sons Publishers, 1997.
What Does it Take to Be Successful?

• “In entrepreneurship, luck is where preparation and opportunity meet.”

• “The idea is not what is important. In entrepreneurship; ideas are a dime a dozen. Developing the idea, implementing it, and building a successful business are the important things.”

• “Would-be entrepreneurs who are unable to name customers are not ready to start a business. They have only found an idea and have not yet identified a market need.”

• Somehow, someday… you are going to have to earn POSITIVE CASH FLOW. You need more than a revenue model (but you do need that). You need a VALUE model.
  

• Market share is great, but you can’t pay bills with it.
  

• You can do some financially stupid things to build market share.
  

Where Do You Start?
Think about WHO is going to want your product/service, what they will PAY for it, what you will NEED to carry it off, and how you will MAKE MONEY someday. That is, make a PLAN.

Success depends on
positive cash flow, growth,
 and value creation.

   Owners and investors who forget that tend to get “naturally deselected.”

The Importance of Value Creation

• A successful business is one that delivers value to its customers and creates value for its owners.

Value is delivered to your customers when you do something for them
Better
Cheaper
Faster
Cooler
Different
However, it is likely that none of these will work for long, so continuous improvement and innovation are essential.

Value is created for the owners when:
-You do more with their money than they could do with it themselves
-You invest in productive activities that earn rates of return greater than their risk-adjusted costs of capital.
-The present value of future cash flows exceeds the startup costs.

Value is created by:
-Exploiting proprietary physical resources
-Possessing proprietary knowledge or expertise
-Creating a new or improved product, process, or service
-Staying ahead of the competition through constant improvement and innovation
   
Planning for Success

-Don’t plan a business for today – Plan it for at least a year from now.
-Moore’s Law: Computing power will roughly double every 18 months.
-Bandwidth will continue to increase for most users almost ad infinitum.
-People will live longer and maintain active lifestyles far after retirement.
-Energy sources and consumption patterns will change drastically.
-The world will continue to be a very dangerous place.

How To Not Get Funded


-Have a half-baked idea
-Have a meatless business plan
-Can’t articulate your value proposition
-Can’t identify your market potential
-Can’t justify your sales projections
-Can’t show your investors an exit
-Can’t show your investors a reasonable expectation of a reasonable return on investment
-Don’t think about risk
-Take no risk yourself
-Don’t take time to do your homework
-Try to fund a “lifestyle” venture

Funding Your Venture

-The hardest funding to raise is the first funding. You are probably on your own.
-Later funding gets progressively easier depending on the results you can show to investors and what you need to fund.
-BANKS are probably not going to help.
-The best funding is INTERNAL funding (reinvested earnings).
-PRIVATE EQUITY is the current buzzword for the major capital source for business ventures.
Closing thoughts

picture source :https://wealthygorilla.com/23-wise-warren-buffett-quotes-on-success/

some of these suggestions are very complete and useful. building a business is certainly not easy, the most difficult is starting a business, especially if our desire to do business is not strong. many businesses fail because of inaccurate plans and estimates, so don't rush into opening a business, everything must be well thought out.

[coinluisa]

Well theres so many things will be consider to start a business because if your not prepared in many things it may cause of unsuccessful business. Like in crypto before they do a project and do everything that needs in the project because they want the project will be successful.

[malading]

I think this is very useful for investing in ICO. Usually the launch of ICO project is also the beginning of entrepreneurship. You can judge the quality of ICO through these experiences. But I am not suggesting to invest in ICO.

[erickbarkley29]

this is great! i was supposed to do a research as there will be a new company that my friend wants to put up.. your information is a good guide to start with. thanks!

[horrifiedx1]

I think this is very useful for investing in ICO. Usually the launch of ICO project is also the beginning of entrepreneurship. You can judge the quality of ICO through these experiences. But I am not suggesting to invest in ICO.

for now, investing in ico is still very risky, this is indeed because of the decline in the price of bitcoin. but I think there are still many qualified ico, for that we must be good at analyzing so that we don't get caught up in the scam ico. therefore we have to learn a lot to become experienced ivestor ico

[ecnalubma]

Even if you follow the business fundamentals correctly there’s no guarantee that you can hit the jackpot in return. Doing a successful business requires planning and effective execution. If you love what your doing and your passionate about it, it will reward you in return. Just like getting involved crypto if you know what your doing and know your investing there’s a higher chance that you will succeed in return.

[resty]

Well I just want to share some information regarding on how to start a business because as we can see, we are all want to have a stable business and we want to be a very good entrepreneur someday because if we're just working and working to earn money then if we can't work anymore we won't be able to sustain our needs anymore. I think this is worth reading especially those who are planning to build an ICO or a project. I've got this from my professor on college :

NOTE-REFERENCES :  Webster’s College Dictionary (Random House/McGraw Hill)
What is an Entrepreneur?
Entrepreneur: A person who organizes and manages an enterprise, especially a business, usually with considerable initiative and risk.
Initiative: Readiness and ability in initiating action.
Risk: The hazard or chance of loss.

NOTE-REFERENCES : The Portable MBA in Entrepreneurship, 2nd Ed.; William D. Bygrave, Editor. John Wiley and Sons Publishers, 1997.
What Does it Take to Be Successful?

• “In entrepreneurship, luck is where preparation and opportunity meet.”

• “The idea is not what is important. In entrepreneurship; ideas are a dime a dozen. Developing the idea, implementing it, and building a successful business are the important things.”

• “Would-be entrepreneurs who are unable to name customers are not ready to start a business. They have only found an idea and have not yet identified a market need.”

• Somehow, someday… you are going to have to earn POSITIVE CASH FLOW. You need more than a revenue model (but you do need that). You need a VALUE model.
  

• Market share is great, but you can’t pay bills with it.
  

• You can do some financially stupid things to build market share.
  

Where Do You Start?
Think about WHO is going to want your product/service, what they will PAY for it, what you will NEED to carry it off, and how you will MAKE MONEY someday. That is, make a PLAN.

Success depends on
positive cash flow, growth,
 and value creation.

   Owners and investors who forget that tend to get “naturally deselected.”

The Importance of Value Creation

• A successful business is one that delivers value to its customers and creates value for its owners.

Value is delivered to your customers when you do something for them
Better
Cheaper
Faster
Cooler
Different
However, it is likely that none of these will work for long, so continuous improvement and innovation are essential.

Value is created for the owners when:
-You do more with their money than they could do with it themselves
-You invest in productive activities that earn rates of return greater than their risk-adjusted costs of capital.
-The present value of future cash flows exceeds the startup costs.

Value is created by:
-Exploiting proprietary physical resources
-Possessing proprietary knowledge or expertise
-Creating a new or improved product, process, or service
-Staying ahead of the competition through constant improvement and innovation
   
Planning for Success

-Don’t plan a business for today – Plan it for at least a year from now.
-Moore’s Law: Computing power will roughly double every 18 months.
-Bandwidth will continue to increase for most users almost ad infinitum.
-People will live longer and maintain active lifestyles far after retirement.
-Energy sources and consumption patterns will change drastically.
-The world will continue to be a very dangerous place.

How To Not Get Funded


-Have a half-baked idea
-Have a meatless business plan
-Can’t articulate your value proposition
-Can’t identify your market potential
-Can’t justify your sales projections
-Can’t show your investors an exit
-Can’t show your investors a reasonable expectation of a reasonable return on investment
-Don’t think about risk
-Take no risk yourself
-Don’t take time to do your homework
-Try to fund a “lifestyle” venture

Funding Your Venture

-The hardest funding to raise is the first funding. You are probably on your own.
-Later funding gets progressively easier depending on the results you can show to investors and what you need to fund.
-BANKS are probably not going to help.
-The best funding is INTERNAL funding (reinvested earnings).
-PRIVATE EQUITY is the current buzzword for the major capital source for business ventures.
Closing thoughts

picture source :https://wealthygorilla.com/23-wise-warren-buffett-quotes-on-success/

I somehow agree to your ideas above but i can share another technique that I learned from a multi millionnaire Dan Lok. He is known to have a triangle rule or anything, i forgot the exact name. It is stated there that first you should develop your high income skills, second make your investment and third build your business. This is more strategic since you have the foundation in case your business fails. You can build it up again since you have the high income skills.

[CoinChili]

Very useful information for a person who wish to build a business. We can consider also yhe feasibility study, the place where the consumers are living, the competition and the demand of business in which it relies what business should we plan to start.

[bison]

Well theres so many things will be consider to start a business because if your not prepared in many things it may cause of unsuccessful business. Like in crypto before they do a project and do everything that needs in the project because they want the project will be successful.

I think from the many cryptocurrencies that are created then you must be able to find coin projects that are truly beneficial and can have potential price increases, not to buy coins that don't have good development.

[iMark]

The most important thing that one to consider when putting up business is capital. Well some would say that even if there is low capital if one who do the business is well discipline it will be able to grow the business and yes they are right but in my way if i have to put up a business i should need a huge capital to work things out completely doing business.

In my opinion, capital does not have a big impact on starting a business, but an opportunity because without a business opportunity it will not run smoothly. The profits earned will be hampered. Whatever the initial capital to do business without opportunities is the same, meaningless.

I agree, many seem to think you need a huge amount of money so you can start a business but what you really need is to have a great idea, many of the biggest business that you see started in the garage of someone with an idea and a desire to create something new and out of it they created a business that made them millions, so instead of concentrating on how much money you need it is better to concentrate on how you can improve something.

I think strong capital does not mean large capital, in my opinion capital is also needed to start a business, without your capital,
then your ideas is only a thought and is useless, make a plan and collect capital, then start it!

[Thanasis]

Even if you follow the business fundamentals correctly there’s no guarantee that you can hit the jackpot in return. Doing a successful business requires planning and effective execution. If you love what your doing and your passionate about it, it will reward you in return. Just like getting involved crypto if you know what your doing and know your investing there’s a higher chance that you will succeed in return.

Business is completely different from investments,in business you need to put your effort mentally and physically to get succeed but on investments you need capital and skills to find the product which is going to make you successful.

[Tungsten-1]

Very useful information for a person who wish to build a business. We can consider also yhe feasibility study, the place where the consumers are living, the competition and the demand of business in which it relies what business should we plan to start.

Today it is very competitive time where so many technologies are to support us we can use them to get financial freedom in any kind of business, but some are scammers as you have given solution for it is essential studies, try to increase your knowledge about what we are planning to start and never jump in river without knowing how to swim, investing in ICO and crypto is best option ever, try to choose the promising one.

[gowobonyok]

the first is don't be easily scared and don't give up easily.

the second, not easy to be satisfied, because it can cause us to take small profits just to buy goods that are not important. it would be better if the investment is increased again.

marketing, this is very important as our strategy in seeing many situations.

[rika0223]

Thank you! I've been reading a lot of articles about how to start a business because I really want to start one.
I have a stable job but I want to have my own business as well.
This is very informative.

before starting any business, any investment and must indeed understand all the risks that will be obtained by knowing all the risks investors can start safely and not experience a very large loss of course

[Choyor]

This is an innovative reading. I currently have a permanent job, but besides having a permanent job I also want to have my own business, so before I start I often read articles which of course have something to do with the business world, because in my opinion it is very important for my learning.

[mersal]

The success is not depends on only your hard works it needs everything to be perfect and match it in your work it needs intelligence, smart work, talent, good thinking and making ability for your work so when all the things compared to your work will give the success at the end I think it definitely be in the right way also when you are starting a business.

[playboy654]

Yes you are right when comes to enter into a business are doing the business will not be a easiest way if it was not being comfortable way to get the the things properly will be not succeed in it so before starting a business we will definitely need to be more preplaned in everything.

[virasog]

Very useful information for a person who wish to build a business. We can consider also yhe feasibility study, the place where the consumers are living, the competition and the demand of business in which it relies what business should we plan to start.

Today it is very competitive time where so many technologies are to support us we can use them to get financial freedom in any kind of business, but some are scammers as you have given solution for it is essential studies, try to increase your knowledge about what we are planning to start and never jump in river without knowing how to swim, investing in ICO and crypto is best option ever, try to choose the promising one.

With crypto, you can start a lot of businesses and earn good amount of money. You can also do part time online work and earn in crypto.

Whatever  business you're looking to start, the first and far most important thing is that you have full knwledge of it. Like if you want to start trading, you should have complete knowledge of it. Without knowledge you will only end up losing your money.

[finaleshot2016]

The success is not depends on only your hard works it needs everything to be perfect and match it in your work it needs intelligence, smart work, talent, good thinking and making ability for your work so when all the things compared to your work will give the success at the end I think it definitely be in the right way also when you are starting a business.

Agree to that, there are several factors when having a successful thing so we must consider those. The abilities of a good person is also a factor so he/she can make all the plans work with a great strategy to meet the goals. Business is business, but you must consider a thousands of things to have a good business

[erikoy]

Starting a business does not need any notes or things needed in order to be successful if you would like to start a small one. But, if you wish to start a huge capital business then it comes with a lot of things to consider. A one pager note will not going to be enough for there are so many considerations. That is why many of the new graduates will tend to be an employee rather than an employer because they know how hard it will be to start it. It needs time, effort and money to be successful.

[Opnsrc]

the first is don't be easily scared and don't give up easily.

the second, not easy to be satisfied, because it can cause us to take small profits just to buy goods that are not important. it would be better if the investment is increased again.

marketing, this is very important as our strategy in seeing many situations.

Before starting any business, you need to "look into the future". I mean, you need to understand what this business can bring to you, and if you are ready to deal with it for a very long time.

[mrdeposit]

the first is don't be easily scared and don't give up easily.

the second, not easy to be satisfied, because it can cause us to take small profits just to buy goods that are not important. it would be better if the investment is increased again.

marketing, this is very important as our strategy in seeing many situations.

Before starting any business, you need to "look into the future". I mean, you need to understand what this business can bring to you, and if you are ready to deal with it for a very long time.

Especially in the market which has volatile price trading. For this, you should learn everything thoroughly, learn enough information to survive, and accept risks which you have never seen in other places.

[sngwinner]

Everything in your post is very fantastic. I just shared your lost with a colleague who is struggling to start a business.
I think the whole thing depends on having a realistic business plan considering factors such as the environment whete you want to set up the business and the nature of services you want to provide.

[Crypto24hrs]

Adequate knowledge, been innovative and knowing your consumers are the most paramount factors to consider before anyone should venture into business, a good knowledge about the business you are about entering will help you to no when to buy and when not to buy, where to buy, been innovative will help you to compete effectively, while knowing your targeted audience will help you will sitting your business.