Some things to consider before starting a business

[KennyR]

It's good to take into consideration the need for the specific service around the locality chosen for business implementation. Next thing important is, whether the business is production based, research based or service based. This will let you have a clear understanding and go for business. Along with it having an alternate plan is good, which might help when primary plan fails.

[Kong Hey Pakboy]

Well business is so broad when in terms of starting it. Entrepreneurship will be also included. The things you will consider are: your business plan, you should have a plan on what business you will take, is it a product or is it a service; your SWOT analysis, there should be a predicted strength, weaknesses, opportunity and threats for your business and will be updated once you have started; the time, is your product or service is appropriate for the time you will start it?; your rivals, there will be rivals when it comes to business, same product, same service and others; and of course your sources such as money, suppliers and others.

[Vaculin]

Of the few points you mentioned, I think the most important of all is to pay attention to Business Management

because, no matter how small a business, it requires a good management because it is very related to the way we manage a business. Some people do have a natural ability in business management, but if you feel the need to learn more there is no harm in learning from others or hiring someone else's services to build a good business management.

Even before you start the business, you should research and make sure that the services or the products that you are going to sell to the people is going to be well received. if not people are not going to patronize your services.

Agreed.If you plan to start a business,make sure that it will attract the interest of most people,not just the high-class people.It should be very significant in a man's daily living so people would really look into it and definitely buy it.

[JTEN18]

Of the few points you mentioned, I think the most important of all is to pay attention to Business Management

because, no matter how small a business, it requires a good management because it is very related to the way we manage a business. Some people do have a natural ability in business management, but if you feel the need to learn more there is no harm in learning from others or hiring someone else's services to build a good business management.

Even before you start the business, you should research and make sure that the services or the products that you are going to sell to the people is going to be well received. if not people are not going to patronize your services.

Agreed.If you plan to start a business,make sure that it will attract the interest of most people,not just the high-class people.It should be very significant in a man's daily living so people would really look into it and definitely buy it.

Yes that is important things to consider to make sure that what you are going to do is the one you really love and of course make sure also that you can make time to deal with it. Focus first in one business at a time, when your business already grows that is the time where in you can add additional business or a franchise.

[Prettyme]

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

Putting up a business is really hard because you need to consider a lot of things to make your business successful. First of course you consider your clients if they really need your products and second you must have the quality of the products. And I believe that with that simple thing it will help you to put a business effectively.

[streetlight]

The number one rule before starting any business is to have a solid plan. And the second rule is to understand the business will almost never come out or end up just like your original plan. However, it will usually be very similar. It will just evolve when you discover which things are possible and what things aren't possible, and adjust accordingly.

[zhea]

We need to consider plenty of things before starting up a business in order for it to become successful. First the location where your business is, the people that is wiling to help you, some strategic planning to long run the business, the capital, the team that will bring you to the top. Another thing to consider is the product you are going to introduce to the market and make sure that it is sellable, the harmonious relationship of the employees to the customers and i think this is very important so that customers wil patronize your products.

[PETES]

When you want to start a business you have first to know the business your taking in. You have to careful on choosing the right facility that fits to your business,choose the right employee, make a business plan and make sure you put enough money on your savings incase of emergency.

[Sexie]

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

.          To start for a business, we should consider a good location , where there is a continuous flow of people in and out. Next to consider is  the kind of products  you wanted to sell. Is it parlor , restaurant or boutique and any other  kind that  will satisfies their needs. One thing more the most important is that ON How you deal to your customers  in good Service for them to come back and the consistency of the qualify of your products.

[bronasan]

You should know about all the risks you could  take in this business. Don't force yourself to the dangerous area.

[Fantastic33]

Things to consider before starting a business:
1. What business do you want to have? First you must know what business do you want to have, is it a restaurant, having a boutique, bar, bake shop, etc. Choose the one that you are intersted at. Also know if there will be a market on that type of business. Also consider if there will be possible competitors.
2. How to start the business? Do you have any capital in form of money or facilities?? Does the business that you want suits your budget? What facilities/equipment do you need? Do you have raw materials? Where will you get it?
3. Where will you put up your business? Consider the place where you want to put it. Is it near school?? Chrurch? Or in the market? Always choose the area where people can easily see and recognize your store/shop.
4. Who will be your workers?

[poging.unique]

Things to consider before starting a business:
1. What business do you want to have? First you must know what business do you want to have, is it a restaurant, having a boutique, bar, bake shop, etc. Choose the one that you are intersted at. Also know if there will be a market on that type of business. Also consider if there will be possible competitors.
2. How to start the business? Do you have any capital in form of money or facilities?? Does the business that you want suits your budget? What facilities/equipment do you need? Do you have raw materials? Where will you get it?
3. Where will you put up your business? Consider the place where you want to put it. Is it near school?? Chrurch? Or in the market? Always choose the area where people can easily see and recognize your store/shop.
4. Who will be your workers?

And in addition, Prepare your self before starting any business.

1. Upgrade your knowledge. Skills is different to knowledge.
2. Knowledge can be acquire through continuous studying of the specific field or area of specialization. Business is a division of labor, meaning you are not the one who work hard. Let others share their thought and ideas to have a better outcome.
3. Attend seminars related to your business. Let us accept that we are able learn different things everyday. Meaning, we are not perfect to learn all things around us in one shot.
4. Be friendly, fair, good leader, manager, and good worker to everyone to gain respect and successful business as a return.

[Rayner77]

I can think of a few things you need to be ready with before starting a business: You starting capital, your competition, your location, your monthly expenses, how many months are you willing to cover your losses since obviously you won't earn big right at the start.

[NavI_027]

I'm not a businessman or even a business expert but in my own perspective I think the factor that will greatly affect the success of the business you are planning to build is DEMAND and you should focus here before anything else.

When you are making a new business, it must be based on what mostly people needs in your area and not only based on what you likes. If you do this, I'm very sure that you will earn lots of money in return even if you are only quite efficient in management because everyone is willing to spend for their needs and you are the one who are fulfilling it.

[RavenHood]

In my opinion, the things to consider before starting a business with bitcoin is to know how you will manage it very well. If you will start a business, first you need to see the demand for your product, if it is affordable, attractive, engaging and accessible. Now the statistic value and volume of it. Even we all know bitcoin is popular you still need to analyze and set some plan for it if you can do some project A-Z it will be much better because you know that you have some backup idea if you plan A doesn’t work.

[purangko]

You should know about all the risks you could  take in this business. Don't force yourself to the dangerous area.

That's right. Know your limitation and capabilities before entering such business. If you have that skills and knowledge to start the business then go. In my school there is a case study that comes up with the conclusion that:

1. Never be happy to be an employee all the time. Most of the successful individuals are creating their own business and they are the boss of their life.
2. Some businesses starts in a very small investment. So, don't under estimate that one because that small entrepreneur could be the millionaire some day.

[zanezane]

I can think of a few things you need to be ready with before starting a business: You starting capital, your competition, your location, your monthly expenses, how many months are you willing to cover your losses since obviously you won't earn big right at the start.

Yeah there are many things to consider in starting a business and this will be a big risk to take. Above are some factors and also consider before you start is you need to have your passion and dedication to your business that you'll put up. Because without this, it'll be just nothing as we should give our heart and love whatever we do.

[trako]

Before I get to work, let me explain an error I made. I did not evaluate the space and environmental factors. I opened a business place that can always be consumed in a good place. but I could not imagine that the sports facility around it would have a negative impact on business. I suffered for lack of feasibility.

[worle1bm]

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 of the neccesary things or aspects that should be kept in mind while starting of new business are:
1.) Good human resource or personal that boost up your profits and help to compete with your rivals
2.) The business in which you are dealing should capture large market base by targeting huge customers
3.) Make plans and policies according to the government regulations and economy period
4.) Good technical equipments which helps to increase your profits and less work load.
So these are some of the characteristics that should be kept in mind before hand.

[Allura74]

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 of the neccesary things or aspects that should be kept in mind while starting of new business are:
1.) Good human resource or personal that boost up your profits and help to compete with your rivals
2.) The business in which you are dealing should capture large market base by targeting huge customers
3.) Make plans and policies according to the government regulations and economy period
4.) Good technical equipments which helps to increase your profits and less work load.
So these are some of the characteristics that should be kept in mind before hand.

Yes, with respect from the quotes above i think its clearly elaborated of what is should be considered before starting a business but on my own opinion even if i am not a business man maybe the best thing to consider is to know and study the return of your investment if it is feasible based on your capital money.