Some things to consider before starting a business

[khaled0111]

You stated many rules here but i disagree with some of them. First, 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.

[Fasunathan]

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.

[Tamilson]

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 am 50/50 on this one, why would I seek partners if I see there's a big risk? It is like inviting someone to suffer the losses too in case shit hits the fan. Another is investors also think about their money so before they let go their money and invest on your business they will weigh in and see how big is the risk.

Yeah I would agree to this, for me having a business partner is just another future problem. Yeah it may help you somehow if things turned out unfavorably and you two are just a beginner in this field. The two of you will just sink together. It's better to be independent in a business so you can't blame each other. It's not that you're a negative thinker but you're just thinking ahead of the circumstances.

[jeanpadel14]

Things to consider before starting a business first the money you invest..you need to be sure that your business will return your investment and second is the place where you put your business..

[jekjekman]

1. Do not invest your own money
2. Work hard
3. Use the latest technology
4. Respect the time
5. Realistic
6. Sell excess, not price

1. Unless you have a good business in mind that would entice investors to fund your business you are good with this.
2. Working hard is not the only thing that you need to do, I would suggest working smart. Efficiency over effectiveness.
3. Of course latest technology is a must especially if the business needs it.
4. People now a days really value their time and a business who values the same has a higher chance to succeed.
5. This is a must for you to get number 1
6. Depends on your market and your marketing strategy. may also consider the type of business you have.

[pearlmen]

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 listed there are things that are not only faulty but also impracticable taking the first one for example if you have a business you yourself don't invest in, how exactly do you expect others to invest in you that would entirely a gamble. Any right thinking investor, would want to see if this individual even believed in this project but if that cannot be established, what is now the drive to run with? People don't invest in dreams but actions practicable and running already.

[miltonpogi]

It depends on what business you are staring for, but in general to start a good and progressive business here are the things to consider, first ask yourself if your business plan will become progressive in the long run, second sight all the information that needed in your business plan, for example, you are planning to start a restaurant, in this case you need to considered the location and the menu, but most important to considered in the business is the hard and smart work and positive thinking to face all the hindrances of your business.

[Vannie12]

There are lot of things you need to consider when you are starting a business some of these are your plans on how these business will become successful but we all know that in business you need to face all the challenges, in this, it can measure you strength and weaknesses as a businessman/businesswoman. Secondly, the materials you need to use. You can't even start a business without the materials. Third is time, a successful business has a working hard businessman/businesswoman whom value most of their time, spend their time in precious things that can improve or even enhance their business. And most especially is the money, you should be wise in handling or managing because we all know that money is important thing in business. You need to invest a lot of money for the success of it.

[AmXProX]

Important things that you needs to consider when starting a business.
1. Capital - need to have a capital to start the business and even a reserve for the buffer just in case.
2. Market - you need to have a good market for a successful business.

[Ahiaba]

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

Some of your point are something one need to take into consederation before you start a business although not all your point are necessary at begening of a business.
First thing to consider is capital followed by your knowledge about the business, location for the business as to whether is close to the buyers or market and raw material, feasibility on whether the business is worth doing or not and the lastly point is good marketing strategies of the business. 

[Asmonist]

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

These are helpful  ideas. I'm planning to have my own business soon. I believe in doing business it requires a lot of perseverance and dedication. Its like your own self that you want to flourish and sustain. As of now I'm still working on my profession and everyday is always a time for me to learn and grow that I may able to apply it soon in my future business. I want to have a business that is something so significant to me or something personalized business that I can relate or loved to do. I guess its also one of the main thing to consider. Something that I love to do. The passion in doing business.

[Palmerson]

For any business there are no universal rules. In the success there's always room for luck. All the options are incalculable. Now many people think that if you would have kept your coins in 2010, now would be millionaires. I think that it is not. The price of bitcoin rises due to speculators. There is no certainty that until they bought all the coins in those years had they not raised the price so high.

[Lykslyks]

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, this is not an approlriate standards when putting up a business, you need to invest your money although it's risky because no one will finance you. Work hard? Of course you obviously need to do hard work to broaden your market, and to earn clients to invest in your firm. I agree with the idea of using the latest technology, because by this way you can compete to your competitiors in a fair competition. Realistic, you will surely fail with this one, your considerations in starting a business is a trash because it is full of what you think needs to be considered. You need to have business plans, your strategy in promoting your business, your business policies should be implemented in order for the employees to know the rules and regulations, and you need to have vision, mission and core values of the company. Lastly, it's not about communicating with your customers. You should've known who are your target market. I suggest that before opening a business, read some books or try searching online what are the things that could possibly help you in putting up a business.

[Naughty Princess]

Things to consider before starting a business first the money you invest..you need to be sure that your business will return your investment and second is the place where you put your business..

Consider all the aspects of building up a business with sufficient amount of money to fund it and also the people who your going to serve with your products and services. You need to know if the market needs that kind of business, if it will help everyone. And what is the advantages of your business to other competitors in the industry.

[Bagaji]

Some of the major factors that need to be considered before you start a business are as follows. Capital is very important for without capital one cannot set up a successful business, location of the business, market feasibility study in relation to the business. 

[LogitechMouse]

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

I agree with the ones you said but one thing to consider is the location I think. Find a location that have many customers around. Even you have that 6 things to consider if you are starting a business in a place where you don't know the location, its useless. So before you start a business, find a good location where you will start your business.

[Kidmat]

Some of the major factors that need to be considered before you start a business are as follows. Capital is very important for without capital one cannot set up a successful business, location of the business, market feasibility study in relation to the business. 

Absolutely yes there are many things to be consider before starting a business; capital and location ofcourse. In order to be a successful in business it is also important your location and marketing strategy to attratct more investors. By these way you can have more investors.

[cpfreeplz]

Using someone else's money is such a luxury. It's naive to think everyone would have that opportunity. Are these your guidelines to a bitcoin business? It seems far too generic. Use tech? Well obviously lol.

[Genemind]

Don’t forget one of the most important of all, marketing strategy. I believe that in order for a product or service to be successful the people must be aware of it, to attract more buyers or customers.

[detector]

After I know bitcoin, it's change my life a a bit. Yes , bitcoin makes me richer $ 5000 over 3 years and I just figure this forum out that I'm able to earn bitcoin even more.
I'm try to open some franchise like Hoka Hoka Bento at canteen with my bits profit because I seen a good prospect !