Planning on starting any business?

[MarissaLopez]

A business idea without proper management plan is one that can be considered to be dead on arrival. Business success revolves around excellent management plan first before capital size. With a large capital chunk into any business that's lacking in proper planning, such business can inevitably collapse, turning into a wasted investment.

A Good planning begets lots of benefits and i observed that when I began my journey into my business,the experience I had made me nurture myself and be prepared all round.it started when i made plans on starting my business and due to a low planning system I failed and I started over again and the same thing occurred again.

Then I sat back and had a long thought ok what's happening and how to tackle it, then I observe I was planning the wrong way and wrong management, then I decided to re strategize it took me a long while to have a proper detailed tutoring on how to manage and run the business effectively and that's how I executed it gradually and I tell you it's what has helped me out in my business.

[toryn388]

You’re right, without a serious management plan there’s no way to build something sustainable. Started a small project and quickly realized the need to bring order to procurement and contracts. Turned to Scanmarket, a cloud-based Source-to-Contract platform, and it greatly simplified the supplier and document side of things.

[bubilas]

You're right capital is not the first requirement but having the idea about how to make a successful business is where everything lyes, because you can't wake up one day and rise capital and all of a sudden you commence a business this way the business won't last long not to talk of getting to the middle sometimes the business can just collapse one week after. So before attempting to invest into any business you must take your time to learn and master some strategies to enable you carry out a good business and one other thing that every business man or woman should learn is how to manage your capital I have seen a lot of business woman that started thier business with a little capital but looking at them this current stage there business have grown big like 10x the way it was before, so that's the perfect example of a good business woman.

When we see big businessmen, we start thinking that they have always been like that. Although, in fact, no one is born with a big wad of money in their pockets (except perhaps those who are born into rich families, but this is a very big exception). As a rule, big businessmen start with some small projects, for example, I recently read about a director of a metallurgical plant who started with some small pasta production, and he spent several years improving this production. Then he sold it and decided to play big, and he succeeded.

[Peanutswar]

I always thinking about starting a business because for sure most of us dont want to get just slave with the corporate world and we want that we handle our time and at the same time earning at our own phase so business is an ideal source of income but first you need to consider a question with What, what does the community if yours need or what are the services, and goods lacking to your community of course its not ideal to have a ride with your competitors instead innovate something new. Next is the capital like how much you are willing to risk to have this business again not all business becomes a success.

[junder]

I always thinking about starting a business because for sure most of us dont want to get just slave with the corporate world and we want that we handle our time and at the same time earning at our own phase so business is an ideal source of income but first you need to consider a question with What, what does the community if yours need or what are the services, and goods lacking to your community of course its not ideal to have a ride with your competitors instead innovate something new. Next is the capital like how much you are willing to risk to have this business again not all business becomes a success.

Honestly, I'm someone who prefers working behind the scenes, but on the other hand, I sometimes think about starting a business because I've considered owning one and employing my unemployed friends. This happened when I was on a break from work and the idea of ​​starting a business occurred to me, but there are many things to consider, as you mentioned.
There are many aspects to consider when starting a business, and it's true that business doesn't just succeed overnight; it also requires a strong mentality to run it.

[Y3shot]

When we see big businessmen, we start thinking that they have always been like that. Although, in fact, no one is born with a big wad of money in their pockets (except perhaps those who are born into rich families, but this is a very big exception). As a rule, big businessmen start with some small projects, for example, I recently read about a director of a metallurgical plant who started with some small pasta production, and he spent several years improving this production. Then he sold it and decided to play big, and he succeeded.

Growth in business is all about good planning and readiness to solve problems,  you may have have a good plan for business but if you are not ready or strong to embrace every challenge it can affect the business. Another thing that sustain a business and to be proflductive is to be consistent even if the growth is slow, and this shouldn't be a problem to be worried about a business but instead it is better to think of the solution of making the business better.  No big business you see right now started small but because of patience of still keeping on with business despite the challenges that is what has been the reason for the grow of the business.

[bubilas]

When we see big businessmen, we start thinking that they have always been like that. Although, in fact, no one is born with a big wad of money in their pockets (except perhaps those who are born into rich families, but this is a very big exception). As a rule, big businessmen start with some small projects, for example, I recently read about a director of a metallurgical plant who started with some small pasta production, and he spent several years improving this production. Then he sold it and decided to play big, and he succeeded.

Growth in business is all about good planning and readiness to solve problems,  you may have have a good plan for business but if you are not ready or strong to embrace every challenge it can affect the business. Another thing that sustain a business and to be proflductive is to be consistent even if the growth is slow, and this shouldn't be a problem to be worried about a business but instead it is better to think of the solution of making the business better.  No big business you see right now started small but because of patience of still keeping on with business despite the challenges that is what has been the reason for the grow of the business.

It was a big discovery for me when I learned that some businesses are really developing extremely slowly, but stability is very important in this business. And a business that adds five percent profit a year is an incredibly good business. And, of course, it is much better than a business that sometimes adds 30% profit a year, and then it falls by 30%.

[Rockson1]

You're right capital is not the first requirement but having the idea about how to make a successful business is where everything lyes, because you can't wake up one day and rise capital and all of a sudden you commence a business this way the business won't last long not to talk of getting to the middle sometimes the business can just collapse one week after. So before attempting to invest into any business you must take your time to learn and master some strategies to enable you carry out a good business and one other thing that every business man or woman should learn is how to manage your capital I have seen a lot of business woman that started thier business with a little capital but looking at them this current stage there business have grown big like 10x the way it was before, so that's the perfect example of a good business woman.

As someone who wants to set up a business, you must know much about the business you want to venture into because that's the major thing that leads to failure, many people has failed in their business because of this, you should not just jump into any business because for some reasons, every business has a secret and you can only know that secrete if you calm down and make your findings about the business before starting, so you are very correct by saying that setting out a business is not only about the capital, some people think that once they have money they can open any business but that's not true because it they do without knowing what has to be known, they might just end up wasting their capital.

[DiMarxist]

You're right capital is not the first requirement but having the idea about how to make a successful business is where everything lyes, because you can't wake up one day and rise capital and all of a sudden you commence a business this way the business won't last long not to talk of getting to the middle sometimes the business can just collapse one week after. So before attempting to invest into any business you must take your time to learn and master some strategies to enable you carry out a good business and one other thing that every business man or woman should learn is how to manage your capital I have seen a lot of business woman that started thier business with a little capital but looking at them this current stage there business have grown big like 10x the way it was before, so that's the perfect example of a good business woman.

As someone who wants to set up a business, you must know much about the business you want to venture into because that's the major thing that leads to failure, many people has failed in their business because of this, you should not just jump into any business because for some reasons, every business has a secret and you can only know that secrete if you calm down and make your findings about the business before starting, so you are very correct by saying that setting out a business is not only about the capital, some people think that once they have money they can open any business but that's not true because it they do without knowing what has to be known, they might just end up wasting their capital.

You're absolutely right. Capital is very very important, but knowledge and understanding of the business are even more critical. A lot of people do jump into business just  because they saw someone else succeed in it, forgetting that behind every success there's a strategy.
Every business has its own strategy, target market, customer behavior, competition, challenges, and if you don’t take time to study these, even with all the money in the world, a person could loose it all. I would also say capital alone doesn't just grow a business taking time to get experience and learn and to grow, most expecially asking questions it actually helps the business grow and help you not go make mistake you will actually regret.

[Unknown Op]

You're right capital is not the first requirement but having the idea about how to make a successful business is where everything lyes, because you can't wake up one day and rise capital and all of a sudden you commence a business this way the business won't last long not to talk of getting to the middle sometimes the business can just collapse one week after. So before attempting to invest into any business you must take your time to learn and master some strategies to enable you carry out a good business and one other thing that every business man or woman should learn is how to manage your capital I have seen a lot of business woman that started thier business with a little capital but looking at them this current stage there business have grown big like 10x the way it was before, so that's the perfect example of a good business woman.

As someone who wants to set up a business, you must know much about the business you want to venture into because that's the major thing that leads to failure, many people has failed in their business because of this, you should not just jump into any business because for some reasons, every business has a secret and you can only know that secrete if you calm down and make your findings about the business before starting, so you are very correct by saying that setting out a business is not only about the capital, some people think that once they have money they can open any business but that's not true because it they do without knowing what has to be known, they might just end up wasting their capital.

You're absolutely right. Capital is very very important, but knowledge and understanding of the business are even more critical. A lot of people do jump into business just  because they saw someone else succeed in it, forgetting that behind every success there's a strategy.
Every business has its own strategy, target market, customer behavior, competition, challenges, and if you don’t take time to study these, even with all the money in the world, a person could loose it all. I would also say capital alone doesn't just grow a business taking time to get experience and learn and to grow, most expecially asking questions it actually helps the business grow and help you not go make mistake you will actually regret.

Starting new business is good step but most of the people of our society are stuck in the job because they have no money to do business because they think that without money, business is not possible but actually business is important to understand then we can do that by different ways and we can earn by different platforms. If we know the marketing strategies then we can earn more in less time , there are thousands of people who are doing business but they are not in profit because they didn't work on learning skills which are required to start a particular business but  same kind of business are successful but experienced persons are running this . They know how to deal with people and how people will engage them and how they will get more profit with time . People are going to their market Ang buying the product with trust .

[Rockson1]

I would also say capital alone doesn't just grow a business taking time to get experience and learn and to grow, most expecially asking questions it actually helps the business grow and help you not go make mistake you will actually regret.

Capital is just like the business financier which is also very vital in any business but getting to know how to go about the business, how you can actually get profit in it, is the key to the success of any business that is we see two people doing the same business, one peeons will be progressing and the other is not, we must not be in a haste to make business decisions because there are many things we have to consider before injecting our capital to it, for anyone that wants to be successful in his business, you must have your own strategy and that strat must be in way that aligns to the type of business you choose to do.

[mvdheuvel1983]

As someone who wants to set up a business, you must know much about the business you want to venture into because that's the major thing that leads to failure, many people has failed in their business because of this, you should not just jump into any business because for some reasons, every business has a secret and you can only know that secrete if you calm down and make your findings about the business before starting, so you are very correct by saying that setting out a business is not only about the capital, some people think that once they have money they can open any business but that's not true because it they do without knowing what has to be known, they might just end up wasting their capital.

Every business has it's own procedures and having a successful business there is a need to have the experience to the business before establishing the business not just about having the capital to start up but the ability to keep the business going after the establishment, you can learn from someone who has the experience of the business before going into the business and you should also go for market surveys to know exactly what you need to do in the business to attract your customers, having this little knowledge about your business and making everything possible to make it grow makes you a good business person and the business will turn experience growth and give out profit.

[Yablee0]

Just a nugget.

A business idea without proper management plan is one that can be considered to be dead on arrival. Business success revolves around excellent management plan first before capital size. With a large capital chunk into any business that's lacking in proper planning, such business can inevitably collapse, turning into a wasted investment.

But on account of proper management structure on ground with even the small size of capital, it can be sustaining to such business's success in the long ... Experience should be considered as a key asset in business planning and as a key factor it's important to always involve those with experience in the area of business when planning. Never neglect this!

You have said it all experience is the greatest tool that can fasting the growth of any business, building a successful business is never bend on the huge capital you have got but it all lies on how experienced you are on that line of business.

why we sometimes failed in our various businesses is because their wasn't any adequate experience on that line therefore lacking the necessary strategy or adequate measures that can initiate smooth going of that business.

Further more, it is advisable you have at least 90% knowledge about what you are actually going into before embarking to avoid crashing at the end.

[eightdots]

Just a nugget.

A business idea without proper management plan is one that can be considered to be dead on arrival. Business success revolves around excellent management plan first before capital size. With a large capital chunk into any business that's lacking in proper planning, such business can inevitably collapse, turning into a wasted investment.

But on account of proper management structure on ground with even the small size of capital, it can be sustaining to such business's success in the long ... Experience should be considered as a key asset in business planning and as a key factor it's important to always involve those with experience in the area of business when planning. Never neglect this!

You have said it all experience is the greatest tool that can fasting the growth of any business, building a successful business is never bend on the huge capital you have got but it all lies on how experienced you are on that line of business.

why we sometimes failed in our various businesses is because their wasn't any adequate experience on that line therefore lacking the necessary strategy or adequate measures that can initiate smooth going of that business.

Further more, it is advisable you have at least 90% knowledge about what you are actually going into before embarking to avoid crashing at the end.

Experience is a crucial element in starting a business and is beneficial, but it shouldn't mean that an inexperienced person will fail. Sometimes, when a good idea is combined with a sound plan, great things can happen. Experience certainly benefits businesses, but there are many factors that can positively impact a business.

Creating a good plan, gaining knowledge about the business, and conducting research can help us address some of the challenges that may arise before starting a business.

[Zaka1221]

Just a nugget.

A business idea without proper management plan is one that can be considered to be dead on arrival. Business success revolves around excellent management plan first before capital size. With a large capital chunk into any business that's lacking in proper planning, such business can inevitably collapse, turning into a wasted investment.

But on account of proper management structure on ground with even the small size of capital, it can be sustaining to such business's success in the long ... Experience should be considered as a key asset in business planning and as a key factor it's important to always involve those with experience in the area of business when planning. Never neglect this!
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Absolutely agree! A solid management plan is the backbone of any successful business. Even with limited capital, proper planning and strategy can sustain growth and prevent costly mistakes. Experience is invaluable—bringing in knowledgeable people ensures informed decisions and avoids common pitfalls. Many new entrepreneurs focus too much on funding while neglecting structure, which often leads to failure. Prioritizing management, clear processes, and expert guidance can turn even a small venture into a long-term success. Capital alone can’t save a poorly planned business—strategy and experience always come first.

In my country,  most of the businesses are fail because there is no traffic in these areas and people want to do work but there is saturation in the market and people want to do job in the foreign country because there they are getting high income and stable job . People are earning good income in these countries because government in stable And there is more work in these countries. We are watching most of labour is going towards Dubai And Europe countries because these are giving good amount of money to these people.Everyone want a stable income in life because we want to pay bills which have to be paid before due date because if we will not pay these bills then bills will be more in the future.

[ejikeme24]

i know a friend who owns a company and hired his brother to work there. His experience is basically zero, and he’s actually a beginner in that job. And yet my friend pays him more than all the other employees and even gives him bonuses. Because of that, he’s already running at a loss the way he’s doing things.

That's one of the disadvantages of employing someone who is not well educated in a particular Field, in this case i think I would have his brother to be blamed. that's the owner of the company he wouldn't have allowed his brother to work alone since he's yet to know how the company operate he's supposed to bring someone who is well educated in that field to guide him until he get the full knowledge, since he failed to do the needful so what did he expect?
 
This mistake is very common among people, you will see that your brother is not well educated in a particular business just because you're the owner of the company instead of bringing those that already know about it, instead you will have to go for your brother without a guidance, this is the reason why most companies is folding.

[Out of mind]

Planning is the most important thing in every case. When a person wants to start his business, he needs to have a plan in advance. The important thing is that along with planning, it is also important to have capital because without sufficient capital, it is very difficult to succeed in business. In recent times, most people are more interested in business than in jobs. Nowadays, people are more confident and think that it is possible to succeed in business. When starting a business, it is best to plan for the long term because it takes time to establish a business, so plan long in the beginning. Before starting a business, it is very important to take advice from successful people who need skills and experience, so every new businessman must take such steps in advance. If you make a long-term plan and start a business with sufficient capital and experience, you will definitely achieve success.

[knowngunman]

Planning is the most important thing in every case. When a person wants to start his business, he needs to have a plan in advance. The important thing is that along with planning, it is also important to have capital because without sufficient capital, it is very difficult to succeed in business. In recent times, most people are more interested in business than in jobs. Nowadays, people are more confident and think that it is possible to succeed in business.

Planning is the theory aspect of business and of course, you need capital to execute the plan you draft. Without capital, your drafted plan will be nothing but a mere imagination. Lately, I discovered that capital is not longer the problem people face in business but the major challenge is proper planning. People can approach a bank to request for a loan to start a business or get grant from government but unfortunately they can not spend their time to draft achievable plan for their business to succeed in the long run. Not only business but anything that's not on solid foundation will crumble as quickly as possible.

[Lida93]

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In my country,  most of the businesses are fail because there is no traffic in these areas and people want to do work but there is saturation in the market and people want to do job in the foreign country because there they are getting high income and stable job . People are earning good income in these countries because government in stable And there is more work in these countries. We are watching most of labour is going towards Dubai And Europe countries because these are giving good amount of money to these people.Everyone want a stable income in life because we want to pay bills which have to be paid before due date because if we will not pay these bills then bills will be more in the future.

No sweet feeling could be much sweeter to a responsible man with responsibilities when he's able to have just enough funds in his disposal to pay his bills even to upfront bills. Is your country in the South pole? Obviously it's mostly citizens from those countries that captions a move to Europe and places like Dubai in search for a job as a means to a better life and this is due to the stability of socioeconomic standard there and strength of the currency. All this rebound to a brain drain in the departure country.

[KeenanEl19]

Planning is the most important thing in every case. When a person wants to start his business, he needs to have a plan in advance. The important thing is that along with planning, it is also important to have capital because without sufficient capital, it is very difficult to succeed in business. In recent times, most people are more interested in business than in jobs. Nowadays, people are more confident and think that it is possible to succeed in business.

Planning is the theory aspect of business and of course, you need capital to execute the plan you draft. Without capital, your drafted plan will be nothing but a mere imagination. Lately, I discovered that capital is not longer the problem people face in business but the major challenge is proper planning. People can approach a bank to request for a loan to start a business or get grant from government but unfortunately they can not spend their time to draft achievable plan for their business to succeed in the long run. Not only business but anything that's not on solid foundation will crumble as quickly as possible.

I agree with you, anything without a solid foundation can collapse at any time. Therefore, careful consideration is essential to avoid making the wrong decision.

Capital is one of the things needed to get started. Currently, I believe many people don't have capital, but they start their desired business by borrowing from a bank and agreeing to the terms and conditions set by the bank. While this is inherently risky, I don't think it's a problem for those who are truly dedicated to their business. Some have even succeeded and have established multiple branches.