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Author Topic: Some things to consider before starting a business  (Read 1717 times)
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December 02, 2017, 12:34:47 PM
 #81

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.
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December 02, 2017, 12:54:56 PM
 #82

It's very hard to start a business of your own it's very risky so before you start study first the business you want to open look for a good location and select the right business that is new to the public.

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December 02, 2017, 01:12:38 PM
 #83

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


You know it doesnt always about the profit you can instantly get, but a great entrepreneur think about what do really matter. Since you are puting your own money in your business I think having a business plan is great technique to lessen the unwelcomed event that you may encountered.

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December 02, 2017, 05:52:08 PM
 #84

For my own opinion there are 6 things to be considered before starting a business. First is money. In starting a business you need money, because it is your starting point for buying your raw materials for your product or services. Second is self-confidence and courage. In starting a business self-confidence and courage lots of them, because it is your own money to be wasted if your business doesn't succeed. Another to be considered before starting a business is your competitors, because if there are so many other business out there your competitors will bring you down because they are the first who builds that business in your area. Another is trusted persons to be working with, you need to be aware of who you are hiring in your business, because there's a possibility to fool you. Also in starting a business you need a business plan, which can help your business to be successful. Lastly, equipment or tools. It is also important to consider your equipments and tools, it is one of your foundation in making your products or services easily.

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December 02, 2017, 07:03:25 PM
 #85

1. Do not invest your own money = really, we better find a partner at the time will start the business ...

2. Work hard = hard work alone I think is not enough, we must work smart as well so that business that we will start to run smoothly ...

3. Use the latest technology = we do have to utilize all the latest technology to start our new business ...

4. Respect the time = this is important too

5. Realistic = lol, I agree with this, do not be too much fantasy

6. Sell excess, not price = this is the most important of all, in my opinion, do not sell the price, but sell the quality ...



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December 03, 2017, 02:42:19 AM
 #86

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

there are lots of things to consider before you start your business ..you have to consider what are the demands of community  you have to search for every detail... search for the ideal place ...and for me one most important thing to consider is start a business depends on the things you love..like me I love to cook so I am planning to start a small business in food industry...ofcourse capital is given that's the first that we need to consider...
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December 03, 2017, 02:58:46 AM
 #87

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.

It depends on the situation. You are just starting your business so the one that will trust you first is family and friends so you will end up in a sole proprietorship or partnership and you will end up investing your own money as part of capital.  It's hard to set-up a corporation if you are just starting a business.

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.

Well as what they say, if you decide to be an entrepreneur, you will be working hard more than you are an employee. You leave your job working 40 hours a week for someone else to work on your own 100 hours a week. It definitely will be harder but it will be rewarding as well.


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December 03, 2017, 03:02:42 AM
 #88

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

there are lots of things to consider before you start your business ..you have to consider what are the demands of community  you have to search for every detail... search for the ideal place ...and for me one most important thing to consider is start a business depends on the things you love..like me I love to cook so I am planning to start a small business in food industry...ofcourse capital is given that's the first that we need to consider...
I agree and that is what the other people should depend before they start their own business. They should follow their passion and do the things that they love in order to make their business work. I really like starting a business that i want because if you will start something that you really like then it will result for you for doing your best and you will have a higher chance to become successful in pursuing that business.

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December 03, 2017, 03:30:39 AM
 #89

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 thing first, one must consider before putting up a business is the feasibility of the business itself. Can it be done or can it be achieved? The most important one is the capital. It is not enough to have a capital taht you can start with but one must also have an extra money for emergency purposes. Expect to incur losses on the early stages of the business and one must have the capacity to fill up this losses.

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January 19, 2018, 09:50:48 AM
 #90

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
Think all your needed , Planned ahead specially those the person you wants to be a partner in the business. Think of all the expenses you will going to spend.Do and love your passion  thats the best thing you can do for choosing your own business.Work hard and put your  heart and mind when starting a business. Not all the times you will  at the top consider everything might happens to your business.

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January 19, 2018, 09:55:39 AM
 #91

I would also add: consider if there is actually a real demand for the product/service, and also is the market already saturated with it and will you be facing stiff competition.

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January 19, 2018, 10:28:45 AM
 #92

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 have enough money to start a business then a employee that you trust even if you leave that business to him you know that your business is in good hand,
the place  that you stand your business, then be sure that you know or you have a skills to start that business.

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January 19, 2018, 12:44:11 PM
 #93

many things to keep in mind before starting a business:
1. Do As Your Interest
2. prepare mentally
3. Learn the selected franchise
4. Choose the right place of business
5. think about additional promotions
6. hard work and creative thinking.

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January 19, 2018, 02:33:05 PM
 #94

Someone starting a business must have an idea and must dare to take a loss therefore before starting a business we have to see our business first or the factors that make our business more advanced slah only factor location and what business you think is in tune people in.

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January 19, 2018, 02:34:05 PM
 #95

You need to know who is your target market in your business and you need to sure the place of your business.

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January 19, 2018, 02:44:42 PM
 #96

Before starting business, you need a capital. You cannot create a business without it.
Next is the idea, you need a good idea. It must be attractive, and many more. All those factors are things to be considered in starting business. It is too risky.
So you have to be patient, always think positive, be wise, and work hard.

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January 19, 2018, 02:51:56 PM
 #97

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


There are things to consider before putting up a business. First, you must be sure that you have enough capital to sustain the needs of the business that you'll going to start. Next, be sure about your product. Make sure that your product will produce a good profit. Consider also the location of your business, make sure the the place of set up will be good for suitable for your business.

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micloop
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January 19, 2018, 06:53:34 PM
 #98

I was talking about business with a friend these times and we finished talking about how important is the "how you do" rather than "what you do". The process is more important, I guess. Because it can determinate howw far you'll go, how high you're gonna fly.

if you have a company that consumes all your time, you can't do anything else and all your profit has to come trough this company. But if it consumes a lil bit less from you, you can do something else that can make an extra profit to you.

That's my point of view.

heninur
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January 20, 2018, 11:56:33 PM
 #99

I think the first thing to be prepared when starting a business is
1. Capital preparation, if you do not have enough capital, I do not think first start a business because it will hinder the business to be started.
2. the amount of labor, before starting a business to think about first who will work, can you work alone or you need others to help each other.
3. How to market, no matter how good your business is if not supported by good marketing it will be in vain
4. a strategic place to do business
5. profit, every job or business has the same goal that is profit, if we do not see profit from business that we run of course very risky.

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January 21, 2018, 12:27:12 AM
 #100

The first thing to consider before starting a business is know your market or customer because they are the most part of your business, coz they are one of your backbone whatever businees you may have, without your customers then your business wont exist. Next is the location it is important that every business aspirants would see to it the importance of location where they want to put up their business if it is accessible to the market or the patronizers can easily remember where your business is. Lastly the products that you can offer to the customers that they can enjoy and they are being satisfied of it.

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