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Author Topic: Some things to consider before starting a business  (Read 1855 times)
butcherme
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April 26, 2018, 02:26:06 PM
 #121

I think you should consider what people wants and what they need ,
And also the price of your product must be budget friendly and something trendy.

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April 26, 2018, 02:54:28 PM
 #122

Some things to consider before starting a business, First is good planning, you need to plan all the things first so that it will guide all through out your way, Second things to consider were your resources, one is your capital, you need money to buy goods and properties that will use in your business. Second was your human resources who will run your business and also the employees you will hire.

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April 26, 2018, 03:07:19 PM
 #123

You gave some good suggestions but I do not like the idea of partners. I have seen that in most of the cases it ends badly thus affecting the business.
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April 26, 2018, 03:18:12 PM
 #124

Regarding the price aspect, I do not think that you can really convince a customer to pay more than average price these days. There is so much competition and people are ready to provide same service for cheaper.
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April 30, 2018, 08:00:14 AM
 #125

Some things to consider before starting a business, First is good planning, you need to plan all the things first so that it will guide all through out your way, Second things to consider were your resources, one is your capital, you need money to buy goods and properties that will use in your business. Second was your human resources who will run your business and also the employees you will hire.
Before starting a business certain things are necessary to face the challenges out in the market and only with limited knowledge one can not step in even. Rather wasting your time in doing other business that is you think time wasting then before step in to Bitcoin learns about it. Take your own decisions according to the market and principals. These days Bitcoin is the most rated business among all the other businesses.

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April 30, 2018, 08:22:13 AM
 #126

Yes, there are some things that are considered to start the business.But first have to know the business knowledge and good strategy.Besides patience, intelligence, capital, devotion, timelines should be accompanied.And the business needs to be done so that the loss can be overcome.And be smart also.

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April 30, 2018, 09:05:49 AM
 #127

First you need to consider what kind of business you will put up because you need to know more about this than your employees in other words this must be your expertise so you know the front and back of operations, next is the place of business because each place has different customs people want their you need to consider what they want and their status of living this involves your pricing, volume and choice of product.

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May 02, 2018, 11:29:15 AM
 #128

You need to consider the following things
 1. Consider the environment
2 consider the consumer /customer if they are readily available
3. Consider the means of transportation if the location is easily accessible or not
4 money is also an important thing. You av to consider the capital you have and capital you will spend
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May 02, 2018, 11:34:23 AM
 #129

I guess i agree and what you said is sound. But then again it's all about timing and the creativity of a product or service. You could say that you don't sell ice in Antarctica type of deal. Another tip is, don't gey into business with your friends. I guess alot of business that started out amongst friends didn't workout.

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May 02, 2018, 11:37:49 AM
 #130

Things you need to consider before starting a business is the capital, the location of the building that you are planning to built your business, the customers, the number workers, and etc.


Actually there are lot of things to consider before starting a business, the nature or type of business you are going to start. The  location if it is accessable to costumer, study the pros and cons and the most important is the capital.

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May 03, 2018, 03:40:38 AM
 #131

Things you need to consider before starting a business is the capital, the location of the building that you are planning to built your business, the customers, the number workers, and etc.


Actually there are lot of things to consider before starting a business, the nature or type of business you are going to start. The  location if it is accessable to costumer, study the pros and cons and the most important is the capital.

I agree, we need to conduct a feasibility study first prior starting a business. A lot of things to consider like the people, places, product, and price.

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May 03, 2018, 03:52:11 AM
 #132

1. Do not invest your own money

Since most businesses are risky, seek partners. So, if things do not go all the way, you will not go bankrupt because of the start-up funds, and not pursued debt.



2. Work hard



If you are not willing to work hard, overtime, forget personal gain and health, then entrepreneurship is not for you. At first, you definitely will not be able to pay employees, even if the employees are cheap. So, your employees are your own.

3. Use the latest technology

New technologies such as software and data storage with small companies are able to compete with large companies. Take advantage of low cost technologies on the market.

4. Respect the time

Rate the money in your time, for example Rp20 thousand per hour. This will help when you have to make a decision: If a store charges Rp10 thousand for shipping every week, and it takes you 2 hours to go to the store itself, then pay for the postage from the company, because it is cheaper.

5. Realistic

When creating a business model, look around and look for a successful example of the business model you want, then learn. If you can not find, whether you are an incredible genius, or your business model will not work in the real world.

6. Sell excess, not price

You start a business, you are naturally frustrated marketing it. But, if you compete on the price, you will end up selling at barely or even under capital. Master the skills of communicating with customers, to explain that your product price is higher because it has a better value
For me before you start a business try to consider first if it is worthy or if this can gain you financially and most of all that nobody would get hurt because of your business this things should be considered since it is very good if we can be rich having business without hurting people meaning we did not scam anybody so we have our business legally. Things should be hurtful at the start because you will not recognise at first with your business but later on as people knows about the good faith in your business they will support you and that is the time of your success.

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May 03, 2018, 04:39:42 AM
 #133

I may not agree with you on number 1.Yes, having a partner would ease the problem on the start-up funds, it is impossible to say that there will be no arguments with your partner in terms of decision-making, this is were the problem starts on most business failures. Therefore, in my own opinion it is better to start a business on your own.

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May 03, 2018, 04:48:01 AM
 #134

1. Do not invest your own money

Since most businesses are risky, seek partners. So, if things do not go all the way, you will not go bankrupt because of the start-up funds, and not pursued debt.

I disagreed on this,at start you must do it youre self so if ever you don't succeed atleast theres noone to be blame,and better start in small business for smaller risk but bigger the chance of learning,thats the essence of being businessmen

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May 03, 2018, 10:38:41 AM
 #135

first thing is we need to determine how much money we want to use for starting a business and what kind of business that we want to create, who will be managing our business and how we can spend our time to control and run that business. this is important because we want our business to works and give the best service to our customer so our business can grow. besides that, we need to think about how we can promote our business and how much money we need to spend on promoting our business.

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May 06, 2018, 06:34:17 PM
 #136

The assurance of having return from your investment at first is just only 30%,  because the rest will falls into expenses. One year from the start, investment is not gaining at all. Best marketing trategies are very vital things in running business, as I will continue for another years that's the time your earned more.
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May 06, 2018, 06:53:47 PM
 #137

It sounds great but where is your concurrent advantage, an idea? If everything were so simple that most of active people would be businessmen but it is not so. There are not a complete guide or a comprehensive reference which covers all aspects of difficulties. I consider that business is a war.

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May 07, 2018, 11:59:00 AM
 #138

Before you get started, you should learn the basics, conduct market research, find out what it is better to invest in and how long you will need to wait for the profit. after you weigh all pros and cons and take into account all smallest details, you will be able to start

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May 07, 2018, 07:37:29 PM
 #139

Before you get started, you should learn the basics, conduct market research, find out what it is better to invest in and how long you will need to wait for the profit. after you weigh all pros and cons and take into account all smallest details, you will be able to start
Exactly don’t start using bitcoin with blank mind at any cost, first make research and learn about using bitcoin accurately. Always try to choose long time investment and long time trading. never neglect even the small point which can help you making profit, search about market demand of that thing you are going to start business, try to choose something well demanded before starting your business.

   

 
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May 07, 2018, 08:06:14 PM
 #140

1. Do not invest your own money

Since most businesses are risky, seek partners. So, if things do not go all the way, you will not go bankrupt because of the start-up funds, and not pursued debt.



2. Work hard



If you are not willing to work hard, overtime, forget personal gain and health, then entrepreneurship is not for you. At first, you definitely will not be able to pay employees, even if the employees are cheap. So, your employees are your own.

3. Use the latest technology

New technologies such as software and data storage with small companies are able to compete with large companies. Take advantage of low cost technologies on the market.

4. Respect the time

Rate the money in your time, for example Rp20 thousand per hour. This will help when you have to make a decision: If a store charges Rp10 thousand for shipping every week, and it takes you 2 hours to go to the store itself, then pay for the postage from the company, because it is cheaper.

5. Realistic

When creating a business model, look around and look for a successful example of the business model you want, then learn. If you can not find, whether you are an incredible genius, or your business model will not work in the real world.

6. Sell excess, not price

You start a business, you are naturally frustrated marketing it. But, if you compete on the price, you will end up selling at barely or even under capital. Master the skills of communicating with customers, to explain that your product price is higher because it has a better value
This is quite a good idea since it can give a good returns of you but you need to take into the consideration that you have to give a capital because in building a business if you want to have a good profit you need to put a capital of course that is your business so you need to work hard for it. This is only for my own opinion. One thing if I build a business it is good to have on our own not to have partners it just ruin our business.

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