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Author Topic: Some things to consider before starting a business  (Read 1721 times)
shiki3226
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May 07, 2018, 10:39:43 PM
 #141

In starting a business, you have to first decide which kind of business would you want to establish. Businesses such as food would be a great option.

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May 08, 2018, 12:53:29 AM
 #142

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
Good opinion, I just want to add that you also need the knowledge to work it right and to overcome it, good strategy and know it if you love your business

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May 08, 2018, 01:44:17 AM
 #143

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
That is a good idea. But first you need to think what business you would like to start. It mudt be profitable. You must have plans for thay not only plan a but also plan b,c,d and so on so in case the plan a doesn't work you have many plans to guide. Have a budget for that business. And work hard for it.

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May 08, 2018, 02:02:09 AM
 #144

Entering in business world is lot of consideration.

First, is High risk to all aspect;

Second, is place or location where you put your business;

Third, acceptance of people to you product and business offered;

Forth, future of your buseness;

Fith, mental aspect;

Six, Physical aspect;

Sevent, Finacial capacity and capabiltiy;

And, many more you need to consider. This are basic consideration when you putting a business.

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May 08, 2018, 02:03:15 AM
 #145

One of the major factor before starting a business is time factor and capital.
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May 08, 2018, 02:19:04 AM
 #146

the most important thing to consider when starting a business are the market, your capital, and the profit that you'll receive.

theres a lot of fundamental that we can consider before we start a business. just like be organize on all of your things. then you should be a money saver. you must earn a lot of money of some reason. example you are in crucial moment.the unexpected expenses. you must make own research about what you will sell.

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May 08, 2018, 02:34:00 AM
 #147

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

 Wow. This is great ! What you have listed above about the things to consider  are true. Especially the number 2. Working hard is the primary key to success in businesses or jobs.  We have to be persevere because that's where good things start.
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May 08, 2018, 04:43:50 AM
 #148

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
Why need to seek for partners?because if we fails theres someone to blame with?lol i am in a business but i started on my own,with the help of my wife I succeeded and now doing great while no other partners around.
One of the major factor before starting a business is time factor and capital.

Its not about the time and capital,but about the knowledge in that business,because how c we manage the business good when we know nothing aobout this

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May 08, 2018, 05:01:07 AM
 #149

First of all you must be familiar with the kind of business you want to start to, it should be at your interest and passion too so that you are always inspired and motivated to work hard everyday, and course you must be prepared also on how to run your business from budgetting to marketing lines and proper management, in that way, you can easily see the road to success

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May 08, 2018, 05:55:24 AM
 #150

the most important thing to consider when starting a business are the market, your capital, and the profit that you'll receive.

Actually, you just need a decent amount of capital in order to start but if you want your business to grow then you should have the best idea or concept in order for the consumers to avail your services or to be interested in your platform.

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May 09, 2018, 10:01:44 AM
 #151

First of all you must be familiar with the kind of business you want to start to, it should be at your interest and passion too so that you are always inspired and motivated to work hard everyday, and course you must be prepared also on how to run your business from budgetting to marketing lines and proper management, in that way, you can easily see the road to success
In success of a business, what really matters is market which someone is targeting and where he is establishing it.  A person who wants to start a business of fast foods but open its shops in areas where either people don’t like eating such stuff much or there are already many well established competitors that are largely trusted by common public. Other than this, my advices would be the same as yours.


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May 09, 2018, 10:07:18 AM
 #152

Thanks for your information.
I think what you say is true.
many things to consider in starting a business.
if you want to successfully do business honestly, prioritize the service of the results.
if the service is good then the results will follow.
profit loss is also taken into account.

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May 09, 2018, 10:24:31 AM
 #153

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
Everything you said is true and right, in business the most important thing is to focus on our goals and do not despair when losing, make a loss as a lesson for success and profit.


 
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May 09, 2018, 11:02:50 AM
 #154

The most important thing before we run the business, of course we need capital to start. This capital can come from various sources, for example from own savings, loan capital, or from investors. Knowing the need for capital will be better because we already estimate the initial cost and business operating costs, so you are not confused in managing business finances.

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May 09, 2018, 11:08:57 AM
 #155

if you are doing a job you do not know You should accept that you are taking the priority risk then the work and the history and the sales policy The lower the prices of our business should be so high that you are always in a job you do not know is inevitable


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May 09, 2018, 11:28:37 AM
 #156

The most sweetest thing one can start a business is having it financed from a money that is acquired for free. What i am trying to imply is that since bounty campaign can make you earn bitcoin for free through your bounty token rewards, then you can already have a capital for you to start a business. So when you have already the money, planning and having a business plan is already essential.

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May 09, 2018, 01:30:58 PM
 #157

Surely starting a business is not easy, there are many things that need to be prepared before starting a new business. The following are some of the things that should be considered for your business preparation considerations:
1,type of business entity 2,Your Largest Competitor 3,Target Pas 4,Business Plan Mature 5,Company Name 6,Source Funding 7,Certification and Document Legal
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May 09, 2018, 01:54:17 PM
 #158

the most important thing before starting a business is the ability to be able to motivate themselves in the face of all obstacles and temptations while running the business. Because starting a business will not be as smooth as we expected, because the law of the jungle also takes place in the business world. Who is strong is he who wins, and who is weak will be eliminated. If you have a little creativity and motivation, you should start learning first.
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May 09, 2018, 02:02:04 PM
 #159

for me the things that need to be considered in the business is to prepare capital, marketing, profit and loss business, risks in business, and business competition.

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May 09, 2018, 02:05:07 PM
 #160

if you are doing a job you do not know You should accept that you are taking the priority risk then the work and the history and the sales policy The lower the prices of our business should be so high that you are always in a job you do not know is inevitable
That’s why there is a saying that goes on to say that when your hobby is a business you can make it a success because you are always happy doing something that you really love.



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