Essentials to starting A business

[isaac_clarke22]

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No wonder a lot of startup businesses look for full-stack developer. There were still some really great clients from a startup company that I worked with in creating their website as a freelancer but lowballers/cheap clients here really common in the field of web dev. Aside from those you mentioned, you'll still need the developer to maintain the website.

A full-stack could possibly do all of those you mentioned except for the marketing part, but it won't be that of a quality for sure especially if you're looking to get your website running quickly.

[uswa56]

I think the most important thing in business is to have the courage to start and don't think too much if you fail or lose, in 2 or 3 months I will also create a new business, namely the production of children's clothes, I have prepared several sewing machines and the marketing strategy is to combine offline and online marketing.

The business that you are running by combining these two marketing strategies is absolutely not wrong as long as you are able to do it very well. But when someone starts to lose or fail with the business he has run, he needs to put wiser thoughts in when he wants to open a new business so that the bad experiences that have befallen him in previous businesses will no longer be repeated in new businesses.

So every business thing must always have thought from the start because it is also impossible to run a business without thinking anything which will not make the business more advanced. For example, when you start thinking about opening a children's clothing production business with the two marketing strategies that you apply, you also have to think about it before you run it.

in running a business, there must be a lot to consider, especially a business that spends a lot of capital, of course, with such a big risk that is carried on, it makes someone touched to think very carefully before running it.
I think almost everyone who starts a business is ready with all the risks they face, which means they have learned a lot.

everyone has different strategies and preparations for starting a business, knowledge, relationships, knowledge about the business to be run and many other things must be learned.
but what you shouldn't be is doubtful or afraid because even though starting a business has a lot of risks, it's really worth it with all the lessons or experience you will get to be better in the future.

[Smartprofit]

There are several key things you should have in place before starting a business to increase your chances of success. Here are some suggestions:

A clear business idea: Your business idea should be well-defined and specific. You should have a good understanding of your target audience, competition, and the problem your business solves.

A business plan: A comprehensive business plan can help you identify potential obstacles and create a roadmap for success. Your plan should include a market analysis, financial projections, and a marketing strategy.

Sufficient funding: You'll need enough money to cover startup costs, ongoing expenses, and to keep the business running until it starts making a profit.

Legal and regulatory compliance: Make sure you're aware of any licenses, permits, or certifications required to operate your business legally. You should also consult with a lawyer to ensure you have all the necessary legal documents in place.

A support network: Starting a business can be stressful, so it's important to have a support network of family, friends, or mentors who can offer advice and encouragement.

A marketing strategy: A solid marketing strategy can help you attract customers and establish your brand. You should identify your target audience, research your competition, and choose the most effective marketing channels for your business.

A strong online presence: In today's digital age, having a strong online presence is critical. You should have a professional website, social media accounts, and other digital marketing strategies in place.

A team: You may need to hire employees, contractors, or consultants to help you run your business. Make sure you have a plan for finding and retaining the best talent.

These are just a few of the key things you should have in place before starting a business. By taking the time to plan and prepare, you can increase your chances of success and build a strong foundation for your new venture.

In my opinion, you are considering an ideal situation where you have all the resources, knowledge, skills to create your business. 

However, in practice, you may not have the resources, the knowledge, or the skills. 

Either way, the most important thing is to get started.  As you begin to act, you will begin to ask the right questions.  And when you start asking the right questions, you will start getting answers.  There are only two ways to reach the goal. 

The first is to receive detailed instructions on how to achieve this goal.  For example, you can purchase a franchise. 

The second way is to act by trial and error, focusing on the feedback system.

[bettercrypto]

What @franky1 said is right that you should know your niche first, because if you don't know what your niche is, what will probably happen to you is that you will just be like others who will change the business you will do because you will not succeed.

       But if you can see in which business people will enjoy you, that's where you should focus, because there are usually people who build a business because they are just jealous, or because they just want to, or because they just saw from other acquaintances that the business was successful, but they don't want to. say that's what will happen to you.

[Rruchi man]

...

All the tips you have given are all valid tips, but there are still a few off the book tips that were discovered from practical experience.

- Some of the most successful business people in a business are people that have had some sort of experience in business before , maybe like a business they tried and it failed but they learned from or people that have learned from other people's experience, maybe from watching closely as a staff or from reading about many businesses and business people. In all, some kind of experience is necessary.

- Ask yourself if you are the type that want to be in business for the long term. This may sound funny, but some people have started businesses that became a burden to them after they got a job elsewhere, maybe the company of their dreams. Before you start a business, try to know if you intend to stay committed to its progress for life before you begin to make plans.

[Sakanwa]

When involving in  a new business you as a person need to have the business  idea first the business terrain is another thing  to consider in our society nigeria today were there is no cultural risk I think it is the best place to carry out your business as an entrepreneur or an investor most people do believe that business does not require experience or any qualifications but it's a lie i think everything in life requires experience lack of knowledge has brought us back in past when going into business but today it all gone by. Government policy is something that a good business man or woman needs to understand in other to maintain a long term business or to grow your business risk taken is also important most people today do not have a good business strategy which has been affecting them every entreprise has it own way of operations and it is good to understand them and most of all before starting a business ensure there is enough staring capital

[virasisog]

What @franky1 said is right that you should know your niche first, because if you don't know what your niche is, what will probably happen to you is that you will just be like others who will change the business you will do because you will not succeed.

       But if you can see in which business people will enjoy you, that's where you should focus, because there are usually people who build a business because they are just jealous, or because they just want to, or because they just saw from other acquaintances that the business was successful, but they don't want to. say that's what will happen to you.

It is necessary that our business is somehow related to our interests so we'll know how to run it by applying our strengths. Knowing our target market is also an important thing.
Our location, target costumers and our product should be closely related for our business to succeed.

A proper marketing strategy won't be a problem if we have an effective team that could empower effective advertisements both online and offline.

[teosanru]

I would say there are two more things that'll be required here. One obviously is the spirit to do the business. Because if it's just for earning money then eventually you'll get bored of trying again and again and end up losing interest in it. Second is your definition of success of this business idea. Honestly these days we all know to scale up you need funds and for funds you need dillution of equity, so the decision is how much? Are you planning to eventually sell your business to a VC? Or you are planning to go public by your own. Basically at what point you'll be considering it a success. This is important if you want to be happy.

[siniminomorocomunisakito]

I would say there are two more things that'll be required here. One obviously is the spirit to do the business. Because if it's just for earning money then eventually you'll get bored of trying again and again and end up losing interest in it. Second is your definition of success of this business idea. Honestly these days we all know to scale up you need funds and for funds you need dillution of equity, so the decision is how much? Are you planning to eventually sell your business to a VC? Or you are planning to go public by your own. Basically at what point you'll be considering it a success. This is important if you want to be happy.

It is true that this is a challenging but rewarding journey that requires a combination of passion, drive, and strategic decision making and when seeking funding and considering equity dilution, which can have an impact on the ultimate goal and definition of business success. Hence, the question arises, how do entrepreneurs navigate this balance and achieve financial success and personal satisfaction?

[AnonBitCoiner]

A business plan: A comprehensive business plan can help you identify potential obstacles and create a roadmap for success. Your plan should include a market analysis, financial projections, and a marketing strategy.

All of the things which you mentioned are really beneficial for those who wants to have a successful business. Actually planning before doing something is necessary because if you don't have any idea that how you will manage it and what will be your fortune by doing such business then it's not an easy thing to get the desired result. Putting money is not easy in some business without planning and knowledge because there is a greater risk associated with it.

A team: You may need to hire employees, contractors, or consultants to help you run your business. Make sure you have a plan for finding and retaining the best talent.

While talking about the teams so I think that if a person is doing an online business then there is no need of having an employ or helper but in the case of investment you have to gather information related to coin but it also don't have any need of employ so you can easily get the idea from YouTube and groups.

[Silberman]

I would say there are two more things that'll be required here. One obviously is the spirit to do the business. Because if it's just for earning money then eventually you'll get bored of trying again and again and end up losing interest in it. Second is your definition of success of this business idea. Honestly these days we all know to scale up you need funds and for funds you need dillution of equity, so the decision is how much? Are you planning to eventually sell your business to a VC? Or you are planning to go public by your own. Basically at what point you'll be considering it a success. This is important if you want to be happy.

It is true that this is a challenging but rewarding journey that requires a combination of passion, drive, and strategic decision making and when seeking funding and considering equity dilution, which can have an impact on the ultimate goal and definition of business success. Hence, the question arises, how do entrepreneurs navigate this balance and achieve financial success and personal satisfaction?

That is a very difficult balance to get it and for what I can see many people fail on that step, they are so concentrated on getting to live the life they want that they dedicate a great deal of their efforts to increase the amount of money they earn disregarding everything else, like their family or even their health, then one day they open their eyes and realize decades have passed already and while they got more money to spend they failed at living the life they want for themselves and their families.

[Jody.Drummer]

A team: You may need to hire employees, contractors, or consultants to help you run your business. Make sure you have a plan for finding and retaining the best talent.

While talking about the teams so I think that if a person is doing an online business then there is no need of having an employ or helper but in the case of investment you have to gather information related to coin but it also don't have any need of employ so you can easily get the idea from YouTube and groups.

Yes, I agree with you, starting a business doesn't have to start with forming a team because that will incur costs that will be incurred, especially if we can do the business ourselves, unless it's a big business that requires a team to do it. But if our business becomes big and we can't do it alone then we have to form a team.
Maybe I'll add one more thing in starting a business, namely determination and intention. Because if our intentions and determination are only half and half (doubtful) it will make our business not go well. After we take a step then never pull our feet and come back.

[Silberman]

A team: You may need to hire employees, contractors, or consultants to help you run your business. Make sure you have a plan for finding and retaining the best talent.

While talking about the teams so I think that if a person is doing an online business then there is no need of having an employ or helper but in the case of investment you have to gather information related to coin but it also don't have any need of employ so you can easily get the idea from YouTube and groups.

Yes, I agree with you, starting a business doesn't have to start with forming a team because that will incur costs that will be incurred, especially if we can do the business ourselves, unless it's a big business that requires a team to do it. But if our business becomes big and we can't do it alone then we have to form a team.
Maybe I'll add one more thing in starting a business, namely determination and intention. Because if our intentions and determination are only half and half (doubtful) it will make our business not go well. After we take a step then never pull our feet and come back.

One of the  most important factors which determine the success of a business or not at the early stages is the appropriate use of the limited capital you have at the moment, and hiring a team at such an early stage is a mistake, you need to make do with your abilities and learn whatever you do not know, only once the business has become incredibly successful and its size has increased several times then you can consider the use of a team to help you out on your daily activities.

[lizarder]

A clear business idea: Your business idea should be well-defined and specific. You should have a good understanding of your target audience, competition, and the problem your business solves.

I like your ideas on developing a business, but I want to say this. Business has a pattern that must be binding and you work with a team or individual is an endeavor, but you have to understand the business and different places have different strategies that must be applied. All the data that you enter is something that is really needed in running a business and we should also consider what business is suitable for development.

For example you are trying to build a business on internet devices and if in the area where you live the internet is still quite difficult to access, then the business you are running will take a long time to develop because the infrastructure is not fully supported. It is this precision that must be paid much greater attention so that your business does not stagnate in place.

[panganib999]

Might I just add here, Discipline.

You can have all of those things you listed down and more, but the ones who really prevail as entrepreneurs are those who have the discipline and drive to keep going and not mess their whole system up. I saw business owners shoot themselves in the foot with wacky business ideas and unsustainable business practices. I saw businesses with no right to prevail and had still succeeded because of discipline and perseverance alone. There are so many people in the entrepreneurship field, create an edge by being the last man standing

[AmoreJaz]

Might I just add here, Discipline.

You can have all of those things you listed down and more, but the ones who really prevail as entrepreneurs are those who have the discipline and drive to keep going and not mess their whole system up. I saw business owners shoot themselves in the foot with wacky business ideas and unsustainable business practices. I saw businesses with no right to prevail and had still succeeded because of discipline and perseverance alone. There are so many people in the entrepreneurship field, create an edge by being the last man standing

the perseverance attitude is indeed needed to move forward given any unforeseen circumstances. a can-do attitude is very important for the business to survive despite of the bottlenecks. without it, even with sufficient funding, the owner can give up if he is not up to the challenges.
to grow a business is no easy task. only few people can carry such mission.
many have the will to set-up a business, but only few of them can follow thru such desire.

[serjent05]

There are several key things you should have in place before starting a business to increase your chances of success. Here are some suggestions:

A clear business idea:
A business plan:
Sufficient funding:
Legal and regulatory compliance:
A support network:
A marketing strategy:
A strong online presence:
A team:

These are all important but the one that has major effect on the success in business is finding a business that we have strong knowledge and comfortable performing with. It is also great if we start a business that we have a strong passion so that we can't get tired of it.  Most businesses failed despite of all the needed factors in hand is because of lack of passion.  They get easily tired and give up when things got tough.  We also need to know the right equipment in order for us to minimize cost of production and or service maintenance.

Also, it is important to know when to ask for help.  Creating a business is one tough project.  As a starter, we might not have enough knowledge so asking for advice is an essential part of establishing a business. 

You can read more advice here: https://startups.co.uk/strategy/7-important-factors-to-consider-before-starting-a-business/

[dothebeats]

I have known some people who never had a great idea to begin with but still ended up being successful because they put in the effort and the hard work. You don't have to have a solid idea, if you think it will work, just do it. There might be some other people around there that already thought of the same and are just waiting for the capital to start. If it's something that fills a very specific niche, you can charge a premium for your services or items. The most important part is knowing that your business may crumble at a moment's notice, but you have the tools to prevent it from doing so.

[Joshapat]

To find information on managing a business, of course there are lots of articles to YouTube videos, but starting a business is a difficult thing to do, I was like that at first, confused about choosing a business that had good potential and the least risk, at first I opened a restaurant but failed and now it has been running the children's clothing production business for almost a year and already has 4 employees.

[BVeyron]

There are several key things you should have in place before starting a business to increase your chances of success. Here are some suggestions:

A clear business idea: Your business idea should be well-defined and specific. You should have a good understanding of your target audience, competition, and the problem your business solves.

A business plan: A comprehensive business plan can help you identify potential obstacles and create a roadmap for success. Your plan should include a market analysis, financial projections, and a marketing strategy.

Sufficient funding: You'll need enough money to cover startup costs, ongoing expenses, and to keep the business running until it starts making a profit.

Legal and regulatory compliance: Make sure you're aware of any licenses, permits, or certifications required to operate your business legally. You should also consult with a lawyer to ensure you have all the necessary legal documents in place.

A support network: Starting a business can be stressful, so it's important to have a support network of family, friends, or mentors who can offer advice and encouragement.

A marketing strategy: A solid marketing strategy can help you attract customers and establish your brand. You should identify your target audience, research your competition, and choose the most effective marketing channels for your business.

A strong online presence: In today's digital age, having a strong online presence is critical. You should have a professional website, social media accounts, and other digital marketing strategies in place.

A team: You may need to hire employees, contractors, or consultants to help you run your business. Make sure you have a plan for finding and retaining the best talent.

These are just a few of the key things you should have in place before starting a business. By taking the time to plan and prepare, you can increase your chances of success and build a strong foundation for your new venture.

These are surely essential things to manage before starting business. And I'd like to add that strategies to hold up with rivals are so essential that this should be an extra point. Most business models become ruined not because of poor business plan but because of rivals, since every business is a structure which should be competitive enough to hold up the position,  and every business idea has rivals, but some rivals seem to not exist until business is actually run (hidden at the initial point). One of the main problems with rivals is that all the employees are potential agents of rivals, so hiring is the thing that should be done properly too, hired personnel should not be in excessive use.