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Author Topic: Some things to consider before starting a business  (Read 1856 times)
Scavagers
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May 12, 2018, 05:02:40 AM
 #181

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
Before starting a business, you should have knowledge to run a business. You should know that there are always competition in the business world. Even if that is a small business, you can succeed if you know how to deal with challenges. You should have swot analysis, you should maximize your strengths and anticipate threats to your business. You should also know where is your weakpoint so that you can prevent that as early as possible.

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May 12, 2018, 05:21:47 AM
 #182

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

Before you start doing business, you must make an analysis first, because by making a first analysis is very good for your business, and can help to the success of your business.

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May 12, 2018, 07:15:11 AM
 #183

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.
Apparently in business with crypto currency you need to be cautious enough, because this type of activity is quite new, but promising. And In such cases, there are always newcomers and scammers who try to cash in at the expense of others.

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May 12, 2018, 08:46:23 AM
 #184

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 love the idea of Seeking a friend or partners atleast if you failed you have someone to cry for together .

But nice views on opening a business,i guess you a good business in real life op?would you share some business type to open since you have a experience on those?im planning to invest but im not that good about it

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May 12, 2018, 09:46:37 AM
 #185

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.
Starting a business is not one day event. It takes much time and struggle, moreover it is not easy to sum up what are essential things that should be kept in mind while starting a business. Interest and courage are very important because without that, you won’t be able to withstand harsh and hard times in business. Moreover a great plan and good execution is required.

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May 12, 2018, 05:53:20 PM
 #186

I would add from my own experience of business owning, never think that you have already agnowledged everything and you dont need to learn!

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May 12, 2018, 06:00:52 PM
 #187

I would add from my own experience of business owning, never think that you have already agnowledged everything and you dont need to learn!
Most businesses are successful because the people saw a need in their society and decided to meet it and when that happens, you see that everyone needed that product or services always patronize it.



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May 12, 2018, 07:04:37 PM
 #188

In the first place, how about we take a gander at what every single effective business do:

1.Successful organizations have items and administrations which fulfill a need.

Individuals should have the capacity to call individuals when they aren't home and need to have the capacity to browse email in a hurry. Apple and Samsung fulfill this need with their cell phones Individuals need to sustenance and drink to survive Ranchers and supermarkets fulfill this need Another case is a sure sort of eatery that you think may be fruitful in a specific zone. Imagine a scenario where before, a similar sort of eatery has bombed in the area you need to attempt one. For what reason does it bode well to open another up of a similar assortment in a similar place?

2.Successful organizations are beneficial

Your opportunity is significant, and furthermore your cash is additionally important. In the event that it costs $5 to make or accomplish something, and you can just offer it for $2, it won't work out. Similarly, in the event that it takes 10 hours to make or help out $3 and you just can offer it for $4, at that point it won't not be justified, despite all the trouble.

3.Successful organizations have items which can possibly speak to numerous

It's a considerable measure less demanding to influence your business to work in the event that you have an objective market of 10 million individuals versus 1,000 individuals.

4.Successful organizations are in business sectors where they have an edge and the abilities to succeed

Center is enter in anything a man or business does. Attorneys wouldn't begin doing charges since they don't know bookkeeping laws. That is the thing that bookkeepers are for (and the other way around). For instance, relatively few organizations are endeavoring to fabricate web indexes on the grounds that Google makes such an astounding showing with regards to ordering and serving seeks (and to get the point where an organization may even have a shot, they would need to burn through a huge number of dollars to get the correct ability, equipment and programming set up.

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May 14, 2018, 12:17:18 AM
 #189

Its better to keep in mind that you are here at uncertainty and prepare yourself as it is. You should be mentally prepared for any shocks.
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May 14, 2018, 01:42:22 AM
 #190

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
Maybe we can add the know what yoe NEED and what you WANT. So we can manage our money better. You can master you skill especially how you create your products so you can assure that you are giving the quality and the best products that you can give.

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May 14, 2018, 01:58:35 AM
 #191

I think most important things to consider are "your target customers and what you sell."You always make sure that your products you have plan to sell should have customers who will buy it. Also,you should study first if there is a market for it before you begin.

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May 14, 2018, 02:12:46 PM
 #192

You should first learn to distribute your money to best baskets and then try to learn the exact time of releasing your money.
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May 14, 2018, 04:10:25 PM
 #193

Well we should also not forget that one needs to get to know the target market, their preferences and also the gap available to fill. You can do what everybody does but it should be very unique. You just don't start anything. And I love the point saying not to spend from the business capital but from profits. That's good

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May 14, 2018, 04:15:11 PM
 #194

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

Everything is really important but you really need to have a great idea if you want your business to bloom in the future because people will only believe you if they are attracted to your platform and services.

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May 14, 2018, 04:22:30 PM
 #195

Some things to consider is the customers needs things, foods etc. Research some goods idea and have plans. Make sure to put in all you wants and be sure to make it safe for all. Last is financially prepared. 

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May 15, 2018, 01:52:01 PM
 #196

Without efficient risk management techniques you should keep away from this system.
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May 15, 2018, 03:30:27 PM
 #197

The main key of a business is patience, because which ever business you start the return will start to come after six months or more. So you can expect profit immediately. Apart from that you have to be giving your full time to business and add new ideas and marketing strategy so that your company name and products get more awareness in the market. This will boost your business development in a positive way.

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May 15, 2018, 03:40:10 PM
 #198

sacrificing time and sometimes own money.

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May 15, 2018, 03:43:07 PM
 #199

Many thing needs to be considered in setting up a business, location of the business, market target and so on.
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May 15, 2018, 04:27:30 PM
 #200

I believe that these are the best things that a person must really put into his mind whenever he want's to start his own business. People nowadays just go in and jump into anything without even thinking too much about it. I think that if people only were thinking like the op, there would be lesser people that would be suffering bankruptcy. Sad thing is, not everyone is like op or has what it takes to stick to this plan. Which is probably why there are only a few people that are rich.

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