Some things to consider before starting a business

[gurang]

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

you should think wisely and you must have that to handle your business before you start to handle it correctly so you can do it well and to overcome it without regret because you finish it based on your methods.

[basyang]

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

In my opinion about you stated about are these:
Number one
Why would you not invest your own money? typically you have to use your own money or else no one will trust in your business and for sure they would think you are a scammer.

Number two
Working hard is all we need to accomplish our job and to earn money.

Number three
You need to use a new technology because you need to keep up with other businesses.

Number four
You need to have a time management in all of your works

Number five
If you want to build a business you need to go with the trend so that many people can relate to it or appreciate it.

Number six
Learn to know your customer better and that is a key to your success in the industry.

[jovs]

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

Sometimes, business guidelines for success is essential, but it does not mean that it really applies in any kind of business you do or planning to put up. If you are really looking for a successful diversification of investment, trust your natural senses while expanding your knowledge on how to multiply your profit and become a productive citizen.

[cluit]

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

LOL… do you know that you just made a very funny comment? 😂How can you say that we shouldn’t invest our own money to avoid going bankrupt? If we don’t invest our own money in starting up a business, then whose money should we invest? If you invest another man’s money and it happens it be a failure, then you’ve gotten yourself into debt and a very big problem, so I’m sorry for you.

You shouldn’t be saying that. First thing you have to do when starting a business is to consider the kind of competition you’re putting yourself into and knowing whether you can be able to cope with it. If it’s something you can’t cope with, then quit.

[gamalzour]

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

You should also add the importance of the location of the business. Know your competitors and your neighbourhood so in that way you know what's their most need and want. You shoulf study people well (this is a form of marketing strategy where you also have to specify your target audience or consumers.

Yes, it is necessary to think about the getting experience about an appointed of selected source of investment and in the crypto world it is possible to observe the markets to get experience or one can perform practically by investing in it either short term or long term. After getting knowledge and experience of the market a person can be a successful investor or business person.

[maydna]

and don't be afraid if somehow you cannot make any profit and still try no matter how hard. and if you can do this, with all of your experiences and your skills, not take too long to make a profit and even I am sure that you can make a big profit. making business is really difficult especially if this is our first time to create a business that might be different than the others because we need to analyze the market first, decide the capital that we want to use, how long we can work on our business, makes a strategy to attract more people to come to our business and etc.

[ScottDominic]

I think the most important thing is whether this business will become fruitful or not.

[TonyCallahan]

thanks for this information and hoping this it would be helpful for everyone.

[royalfestus]

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.

Of all the business idea on the list, am struggling to accept the idea of not using your money, at least to certain percentage. What will be the risk the business owner is taking? If he can put his money. A reasonable investor except for ICOs will expect a level of sacrifice from the inventor or startup owner.

[cross_over100]

Factors you need before starting a business are you need a capital or money, location when you put your business, plans or idea what kind of business you want. After that you need a work hard team for the growth of your entire business.

[Phaal]

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.

[Julth]

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.

[Cebonk]

Modal , tempat usaha dan kerugian.

[edzleochico6]

You are not going to know everything.In fact, you probably won't know anything when you first start. Start anyway. When I first got into real-estate investing, I had no idea how to buy a property, rent a house, or evict a tenant. I figured it all out "on the job." You will too.

[ololesia]

Working hard is the main point I think

[Exeus]

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

Your analysis is very good, it seems this is complete to be a consideration when we invest money. actually a lot of things that we must prepare when investing our money including the risk of analysis.

You have a point and besides people are getting greedy when it talks about money they don't know what are the risk could it possibly be happened. Well it has a good side also because it is an opportunity but we should consider that we need enough knowledge and analysis when you want start a businesses.

[lakana]

Some things to consider before starting a business:
1. Products
The product you create needs to directly meet the needs of customers. Do not be confused by adding features or messaging to the product. This can distract customers and dilute the value of the product you bring.
2. Time
Each market has a certain life cycle, and the opportunity does not last long. In the early stages of a new market, you will be very easy to join. But getting too early is also a risk. If the potential of the market has not been determined, you will fail, or be unprofitable after many years of operation.
3. Competition
Fierce competition and saturated markets have made the situation worse for new entrants. This is a common condition in the second half of the life cycle of the market. That is also why you should focus on the market at an early stage. Then you will have many opportunities to develop differentiated strategies for your business.
4. Finance
How much initial investment do you need to develop your product? Do you anticipate the difference between payables and receivables? Both of these represent the financial risks that you need to weigh and compare with the expected return.
5. Personnel
If you consider this a fierce battle, are you confident enough that your warriors can win? If resources are limited, you should ignore the front lines without enough confidence and preserve the personnel for the next opportunity. Build a core team that understands the customer. Beside that, you also need a good specialist who can design the product that exactly meets the needs of the user. Consider whether you have established good relationships with suppliers and distributors to remain competitive.

[hbxin]

In fact, you don't have to think too much. If you want to think about it but don't implement it, you can only think about it.

[Osaaah]

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 wish to start an bakery and these are few things i have considered.
An adequate start up capital
1. to help me secure a land/place for my bakery
2. to purchase my raw materials and equipment
3. to purchase my oven
4. to hire workers
5. to pay bills
6. to support the business in case of bad market

with this on my mind and in written, i am ready to get my capital to commence my bakery.

[JohnLowry]

thanks for sharing this valuable things because it is really helpful for us.