Some things to consider before starting a business

[MorganFreemanBeard]

Create a marketing strategy. Focus on that strategy to ensure your plan will flourish. Be realistic with your aims and as much as possible never be involved with debt. Be dedicated and committed to your pursuit, this is not for the faint of heart.

[Destnhel]

Do study or maybe make some research about business. Make plans and list all the needs. Set your mind for your goal to make thing complete. And most important is financially prepared to make your business become real and successful.

[Elips1]

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

,,,Usually, in doing any business, we should prepare for everything, like you had mentioned above and the common things are the knowledge  and the capital amount for the business. Actually, preparing is the best strategy for any plan that we wanted.

[newgal2017]

You should assess the status of the economy first hand. Create a business plan, with the complete idea of what your business would be, your staffs, your target market, location, the competition, your knowledge and expertise in the industry where your business is align, how to legally structure it, the financing which total project cost and emergency funds should be included and prepare techniques to make people draw their attention to your business because marketing strategies are essential in this world full of entrepreneurs. Also, keep in mind that your business shall grow, expand and upgrade.

[Faxmate]

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.

Interest and happiness is the most important thing for starting a business, when we like something we really involve in it, and we put all our effort for it to make it succeed,  if you want to be an investor then invest on right time don’t sell it at panic and wait, I want to save my bitcoin, I want to invest as much as possible at low price and will hold it till the end for sure, then again will buy at low and hold for high.

[Vinz1978]

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

To start a business,  you should have your own money. Do not borrow from lending institutions or from people with interest. What if your business didnt work well? How will you pay your debts? Next ask yourself,  are you ready to have a business? Are you ready to face any risk or problems you will encounter as a businessman? Know your passion and interest as your guide to what kind of business you will put up. Ask for experts advice.

[maydna]

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

To start a business,  you should have your own money. Do not borrow from lending institutions or from people with interest. What if your business didnt work well? How will you pay your debts? Next ask yourself,  are you ready to have a business? Are you ready to face any risk or problems you will encounter as a businessman? Know your passion and interest as your guide to what kind of business you will put up. Ask for experts advice.

money is the most thing that we should have before we starting a business but I think there is any business that will not require money to start. and if the business related to our real life, then yes, it needs money to start. but if the business related on the internet online, then I think there is any business or jobs that don't need money to start except the internet connection.

there are a lot of things that we need to prepare to start a business in online or offline and we need to have money just in case if for some urgent situations. before we started, we need to take a look the opportunity of what kind business type that we want to start, is there any chance for us to grow our business, and how about our competitor and the market of the product that we want to sell.

[TiffanyLien23]

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

First of all, you said that you have to start your business without investing your own money and rely on partners contributions which is not possible for all those trying to start a new business because when it comes to money no one will trust you to invest his money.
The other point is the one about working hard, maybe at the beginning of your project you have to do all the work by your self, but you have to think about the time when you start making good income and enjoying your time as well.

[gabmen]

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.

Interest and happiness is the most important thing for starting a business, when we like something we really involve in it, and we put all our effort for it to make it succeed,  if you want to be an investor then invest on right time don’t sell it at panic and wait, I want to save my bitcoin, I want to invest as much as possible at low price and will hold it till the end for sure, then again will buy at low and hold for high.

Exactly. If you have much interest in what you're doing then everything will comr smoothly and naturally. Don't force it. If you can, deal in a business that you're fond of. It's going to be a lot easier. Don't think about the profit first since that will eventually come if your business grows

[malbano2099]

You must also add here that lean on the Lord is the best thing to do, ask him for everything that you do and ask him if your idea will be great or nah. I'm sure, if you trust in the Lord, everything will be succeed

[kisscoin]

I think given this topic the analysis is too superficial! You can invest your own money wisely, you can spend a little time and get a good project. The main thing will depend on the profitability of your idea and the demand for it! Good luck!

[Ryanpogi]

The simplest answer is to check that you study carefully so that you will not be able to side by side in your every decision.

[jennygamilo]

Well, you should think about the situation before you start your business, for example: is my money enough? , is the business I'm about to do in the present day, should I be out of place to see the products I have ?, and one would think if you could spin the money you now hold

[Odebode5]

To start a business the followings needs to put into  consideration,namely: location of the busines, addressable customers, marketing strategy, etc

[ajeef]

Even if this post was published 2017 I don't know why but I haven't read it is most realistic and interesting post that I've read today. I'll be starting my own bussiness soon, so I really enjoy reading this post and comments here.

[mimienamphine]

Many people now want to have their own businesses but they do not have brilliant ideas about starting and running a business.Business has a lot to do than just desiring for the flashy aspect.You need to have a clear  concept  and be willing to make millions of sacrifices to be able to  get the business on the feet.

[Dudeperfect]

Definitely, these are the useful tips, we are living ina  21st century and now things are going to transform like never before. The process of transformation will start with the evolution of Industry 4.0 and that would be the biggest challenge for the unskilled people. In this new era, money would not be the prime factor of business, in fact, money would not be the actual money, I believe that knowledge/information would be a new form of money. Thus, we will see most of the business will not follow the traditional models of making money and the new experiments are going to disrupt the economies around the world and let's hope, it will bring a positive impact on our lives.

[Pemburu dollar]

you may to add in your list is start bussines from what you like, so you can enjoy that bussines.

I think starting a business is good and not too risky unless you do not know the things you need to do before and during your business.
The only thing you should do before starting a business is to learn business and learn what you can do in your business that can generate higher returns in the future.

[nilstairsa]

I think you should open an youtube channel regarding btcs and their applications. You are good at explaining for sure

[neonshium]

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.

The main points you have to work on them and make them perfect are the history of Bitcoin, the market actions and reactions, the overall processes, for what you are starting s business means profit and productivity. These are the most important points you must have to work on them in order to become rich and stable according to any business. The modern world is crypto world and people have this simple and easy tool to earn huge profit.