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Author Topic: Some things to consider before starting a business  (Read 3701 times)
fayrouz
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December 19, 2017, 02:49:43 PM
 #161

You should know first the place where you want to build business, know what business is fit to that place and always start in a small business as you're making an experiment, if that business work, then you can invest high  capital to have higher profit too..
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kkukkugaga
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December 19, 2017, 02:53:03 PM
 #162

There are so many factors to consider in starting business, one of them is the capital. Of course in starting any business you need fund. You need money to serve as your capital, for the raw materials, for the location and etc. Aside from that, you need to be optimistic and have the confidence in taking risk and challenges.

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December 26, 2017, 01:48:27 PM
 #163

Maybe before involving yourself into business,make sure that you know what your into,what kind of business you want to put up
You should also understand and be ready about the risk. The high and lows of sales and demands. And most of all be positive always.

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December 26, 2017, 02:03:48 PM
 #164

To start a business, on need to make some survey on environmental response to the product- it should be what is needed by the people, nearness to supply- ability to have the products always ready when people begin to accept and patronize, infrastructural facilities that also supports the business should also considered, such as electricity and road- for easy transportation of the goods.
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December 26, 2017, 02:07:18 PM
 #165

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 choose and run the business we want.

There are a few things we need to consider and start preparing the business prepares capital, the second prepares the workforce, the third is the provision of raw materials as well as the 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
Make sure you are confident about the business survival and growth opportunities. Capital is another consideration and repayment methods when the capital is borrowed. plus learn about your competition and make sure to take decisions under complete patience.
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December 26, 2017, 02:36:36 PM
 #166

I remember when my mother starts her business few years ago, she first think a business that ahe really wants and she really knows. Why? Because if she lpve what she is doing she will never get tired of doing this thing and also because she wants to manage well the business. If she can manage it well, her time, effort, and her money will not be wasted. She can earn a big profit. After that she now set the capital she will use.

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kendra1107
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December 26, 2017, 03:04:01 PM
 #167

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 choose and run the business we want.

There are a few things we need to consider and start preparing the business prepares capital, the second prepares the workforce, the third is the provision of raw materials as well as the 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
Basically, the first factor to consider is the capital. This is what you will work around with. Then of course, you must first come up with a plan. And one of the most basic requirement when putting up a business is conducting a feasibility study. This is very important in order to come up with your pros and cons.

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December 26, 2017, 03:48:27 PM
Last edit: December 29, 2017, 09:00:12 PM by btcmayumana
 #168

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 choose and run the business we want.

There are a few things we need to consider and start preparing the business prepares capital, the second prepares the workforce, the third is the provision of raw materials as well as the 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
Some startup business build with good project concept, solid teamwork, time effort, raw materials supply. In business, there are required a important things about good plan marketing. With recent technology we can promoting the product in social media, blog articles, search engine submission, forum discussion, etc. success in marketing is decisive in achieving the target of a successful business or failing to compete with other competitors.
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December 26, 2017, 04:20:09 PM
 #169

1. Define your goals
2 Choose an idea
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Gandam23
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December 26, 2017, 05:52:18 PM
 #170

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 choose and run the business we want.

There are a few things we need to consider and start preparing the business prepares capital, the second prepares the workforce, the third is the provision of raw materials as well as the 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
There are many things to consider before starting here in bitcoin. First you need to know what bitcoin really is or what does the features of bitcoin that you need to know. Know bitcoin's background. Second you need to have a gadget and internet connection for you to start here. And third you must know how to join in a signature campaign or any ways of earning here. Just study on your own.
Direwolve735
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December 26, 2017, 06:05:12 PM
 #171

In my opinion, there are 7 questions you need to answer yourself before starting a business.
1. What chances of success do you have in the absence of a clear plan?
2. Decide: are you an entrepreneur or an inventor?
3. Does your business idea have value for the consumer?
4. Do you have the necessary seed money to start your business at any time?
5. Are you ready to be a jack of all trades?
6. How will you cope with failures and disappointments?
7. What is the peculiarity of your business?
The answers to this questions are your business plan. If you know the answers, you`ll succeed.
dmamigo
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December 26, 2017, 07:53:37 PM
 #172

Business initiation is not a problem but to sustain it is a greatest challenge. To ensure sustainability the following are important aspects.

Opportunity
People and Networks(Specially important for online based business)
Customers and Competitors
Process of the Business
Financial Management
Arranging funds for the business

The above are rough few main aspect which if not followed or taken care of the root of any particular business will not be strong and it will collapse.

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December 26, 2017, 11:25:01 PM
 #173

Important aspects should be considered before starting a business are; capital, location, customers, strategic planning to sustain or make the business grow. Capital is the first because you can't start a business without it. The location also is important, need to study and made some analysis on the location of your planned business because here are the customers come from, without the customers the business will not grow. Some strategic planning on what you are going to do in the long run, the marketing on how you market your business and the most important is the management team and the pepole that help you run the business.
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December 26, 2017, 11:48:18 PM
 #174

Before you start your own business, you need to research the market, place of business or service with that business. In addition, you should consider the budget as well as the cost, whether there are sufficient funds to maintain the company within the first year. Because it may not be profitable for the first year, you still have to pay for office space, staff salaries, and taxes. Think and consider carefully before starting your business.

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December 27, 2017, 12:45:33 AM
 #175

Before deciding to engage into any business venture you must study carefully the kind of business you want becuase it's a risky thing to invest that's why you need to consider many things like the location, the people you work with, what's in today and permit for to run a business.
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December 27, 2017, 01:15:29 AM
 #176

Getting a new business up and running is exciting but it's incredibly stressful and hectic too. Factors to consider are know your market(people),capital, and location-accessible to people and most important is legallity (permit to operate business). Make sure you are willing and have the full pledge to sacrifice for you to be a successful businessman.
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December 27, 2017, 01:49:04 AM
 #177

Capital, location, good business proposal and products, know your market. Those are the commonly things that need to consider whe putting up a business.

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December 27, 2017, 03:56:22 AM
 #178

Capital, location, good business proposal and products, know your market. Those are the commonly things that need to consider whe putting up a business.

Couple of things which are crucial to decide of doing any business is first is it a legitimate business and approved by government. Second the capital and investment required and its ROI period . Third is can that business be easily copied by other competitors . Fourth is is the business scalable in near future?
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December 27, 2017, 09:50:10 AM
 #179

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 choose and run the business we want.

Not quite true. In fact if you approach is wel planned then you could succeed in the business you want. As far as pure online business person must have liking for what he is doing. Otherwise lack of interest or passion will shun all doors of innovative ways to advance your business.
* Understand what you like has business potential or not.
* Survey your potential customers, market area
* Calculate amount of initial investment needed
* If possible meet some people who are already doing it already successfully (aka internship) this is optional.

These good for to begin with preparation of business.
If you want to start your own business then I want to suggest you
To start your business from low level investing and get expriance
Keep in contact with big investors
Keep in contact with your users
Be patience and be honest.
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December 27, 2017, 11:40:49 AM
 #180

Ofcourse there are many things to consider before starting a business. First hand is the capital, if you are able to manage the business produce. Another thing is the capability of the product to be sold. If it is on trend or if is not. Also, the business or marketing strategy is important because this will tell the road you are taking your business onto. Lastly, is the urge to be successful in the business.

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