Planning on starting any business?

[Geleve]

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!

I agree with everything you said. But based on my experience, I also know that there are many factors that cannot be planned.
Especially, similar or even identical planning structures can yield very different results in different times, different periods.
And sometimes, there’s no way of knowing these time related differences in advance.

[mvdheuvel1983]

A business that has no serious planning is never a business, but it’s real gambling. You are only risking your capital to lose, that’s why as much as possible, know your business well and make clear target goals that you are sure to be attainable. Otherwise, everything will turn into gambling, like entrusting everything into luck, instead of building your business from a knowledgeable and skillful point of view.

Number one thing is to get a detailed planning on the business you intend to establish the next thing is to have the capital to start the business which is the main problem of the most business people but in a state there the capital is available without good planning you can not become successful in the business because without planning you can be doing everything possible to stand the business but you will not make profit. The first thing is to undertake the learning process from an expert on the business you intend to establish, start very some then once you have gained knowledge you can invest more money then you can sit and watch how you will flourish in the business.

[Cryptmuster]

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!

The business does not necessarily have to be big, some businesses start small, but there must be a plan to understand how to act, where to start and where to find clients. This is for the beginning, because only a plan is not enough, although small, but start-up capital is also needed, and preferably with a reserve, because when you are just starting out you are not able to take everything into account and you will learn as you go. Any business is difficult and will require your presence, so be prepared to devote much more time to it than to regular work.

[bubilas]

Yesterday I met with a friend of mine, whose rich husband gave her money to start her own business where children learn foreign languages.
I want to say that this friend is a very frivolous person. And I always thought it was very strange that such a person wants to start her own business despite the fact that she has never read a book on business or self-discipline.
So, she shared the interim results and they are terrible: she barely earns enough to pay the rent for the premises.

And I'm not surprised. Business is a sea of greedy evil sharks, and if someone neglects his own education, he will drown in it.

[ASloveapg]

Without proper management, a business ends before it starts. Many people think that a business needs a large capital to be successful. However, in reality, no matter how large the capital is, if there is no proper management or planning, that business cannot survive. In many cases, even if the capital is small and there is a planned and well-structured plan, it is successful in the long run. Effective planning, experience and sustainable management are three things that should not be neglected before starting a business. If someone cannot make a refined plan for income, expenses, capital, profit, loss, then his business will have no financial accounts.

[Fredomago]

Actually it doesnt matter about having that big or small capital but cant be able to deny that there would be always that main differences and advntage in between the two on which we know that bigger capital could be having that bigger margin and could have that broader opportunities if ever you would be trying out to test certain ideas on which this isnt something that would be possible when you do only have a small capital. This is why they would be having that advantage but come to think that not all the time that big capital will be having that high success rate because come to think that there are businesses out there on which no matter how big their start up is but it didnt push through or succeed due to some known factors. Building up a business could neither only have two possible outcomes and this is why its important that you do need up at least the idea on what you are gonna be doing when dealing up with it. When trying out to run a business then it would be always recommended that you should be having that proper planning if you do want to have that at least some shot on making your business that successful. Although it is that sometimes that you do need up some luck too when running it up but its not something a metric that you would be needing to rely on because we do know that proper planning and good management will always be the key for a successful business. It is just that its not something that would be that easily be achieved or having that assurance that it would happen but at least you are on the right path on trying out to achieve that success on which of course it wont be that set on stone but you have done the best approach on here.

Agree to that statement, if you have larger capital there are things that you can execute and if you have good knowledge about the market, then there are strategies that you can follow and test if that may work or not, while when you have limited amount of capital, that also follow that your access to execute is limited as well, and adding to that is the benefits, same with your statement, large capital with good executions can bring huge amount of profits.

[Oshio-man]

Without proper management, a business ends before it starts. Many people think that a business needs a large capital to be successful. However, in reality, no matter how large the capital is, if there is no proper management or planning, that business cannot survive. In many cases, even if the capital is small and there is a planned and well-structured plan, it is successful in the long run. Effective planning, experience and sustainable management are three things that should not be neglected before starting a business.

It frustrate the owner of the business because there is no proper planning, were the owner of the business will be comfortable with the business than to be receiving losses that will frustrate him or her out of the business,  when you have a good plan towards your business, it doesn't matter whether the capital is big or small to approach the business but you will improve with that capital because you have the idea on how your business will look like to attract customers that will boost your capital in the future, this is the reason we keep talking about business knowledge before going into any business of your choice, it will give you direction that will make you profitable all through in your business, just because you have the knowledge of the business.

[mvdheuvel1983]

Without proper management, a business ends before it starts. Many people think that a business needs a large capital to be successful. However, in reality, no matter how large the capital is, if there is no proper management or planning, that business cannot survive. In many cases, even if the capital is small and there is a planned and well-structured plan, it is successful in the long run. Effective planning, experience and sustainable management are three things that should not be neglected before starting a business. If someone cannot make a refined plan for income, expenses, capital, profit, loss, then his business will have no financial accounts.

Before establishing a a business I believe there should be proper knowledge on the kind of business to start which should be something that is well known to the business owner but starting a business without proper planning you can't get good management when the planning is wrong. If the business owner knows what he or she is going investing large capital should not be neglected because it will boast the sells and attract more customers to patronize the business or company. Check and balance is the best way to measure a growing business so if the business owner has form of keeping records and knowing if the business is bringing profits or losses that means such person is not supposed to be into that business.

[Baki202]

Without proper management, a business ends before it starts. Many people think that a business needs a large capital to be successful. However, in reality, no matter how large the capital is, if there is no proper management or planning, that business cannot survive. In many cases, even if the capital is small and there is a planned and well-structured plan, it is successful in the long run. Effective planning, experience and sustainable management are three things that should not be neglected before starting a business. If someone cannot make a refined plan for income, expenses, capital, profit, loss, then his business will have no financial accounts.

One of the key things in business is management. When you manage your resources well, then even when you start managing a business, everything is okay because people don't even have a reason to see management as an issue because there are few principles that can be followed. to help manage everything that they have because the mismanagement of funds can also lead to the closure of that business, so there is enough need for people to take these things seriously before engaging in the establishment of the business.

And people don't even do research before they go ahead into establishing their business they don't even know the risk that most of these businesses come with, so there is a need to know all these things, and they can also consult anyone that is already in that line of business. for more knowledge.

[ASloveapg]

Someone that has he or her plans put together before starting a business, easily make out something tangible from the business, even when started with small funds.

Starting a business is not a days job without first having the business oriented in your head on how it should be done to run it successfully. Another most important thing someone should look into about a business is location. When you have the proper management structure, the next thing to look into is location that's another key factor of starting a business

The things you mentioned in business are planning, location and management structure. These are important things to start a business. In fact, starting a business without a plan is like walking in the dark. If the business location is not good, the businessman will not be able to offer his products or services and the sales volume, the recognition of his business and profits will be low and everything will be negatively affected. Again, if there is no skill, an efficient management structure cannot be built, so first you have to do proper and efficient management.

[harapan]

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!

Amidst proper management what hinders businesses is debt more especially when family and friends are involved, they'll want you to give them at a discounted price or even in debt and then your business suffers for it in the long run. So when planning any business one should avoid and not allow their family and friends to have such opportunity that's one thing that kills a business after much investment in everything.

[Lida93]

Snip

Amidst proper management what hinders businesses is debt more especially when family and friends are involved, they'll want you to give them at a discounted price or even in debt and then your business suffers for it in the long run. So when planning any business one should avoid and not allow their family and friends to have such opportunity that's one thing that kills a business after much investment in everything.

A well grounded business would know better to be impersonal with his business towards anybody irrespective of affinity. Except it's a family business then it can be run by and through the input of family members but where it's an individual business you risk the life of the business by either employing or selling to family members on credit. Such a person do also face the risk of estranging the good relationship because when they refuse to pay and it's causing trouble.

[BitBakerr1]

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!

Amidst proper management what hinders businesses is debt more especially when family and friends are involved, they'll want you to give them at a discounted price or even in debt and then your business suffers for it in the long run. So when planning any business one should avoid and not allow their family and friends to have such opportunity that's one thing that kills a business after much investment in everything.

Yeah you are very correct, when family and friends start coming to your business and patronizing you they will start making demands and telling you to reduce the price for them and because they are your family members or friends you may decide to reduce it for them so they won't say you didn't help them and from there you will start losing money, some of this family and friends even take things from your business in other to pay back later and some won't pay back, lot of people's business has fallen because of there family and friends, as a business man or woman you need to discipline yourself very well so you won't lose money, don't use your business for family or Friends charity be very discipline and always stand right don't joke with your business so you won't lose a lot of money.

[Berry2d]

A business that has no serious planning is never a business, but it’s real gambling. You are only risking your capital to lose, that’s why as much as possible, know your business well and make clear target goals that you are sure to be attainable. Otherwise, everything will turn into gambling, like entrusting everything into luck, instead of building your business from a knowledgeable and skillful point of view.

How can a potential entrepreneur think of investing in any business without proper planning on how, where and when  will the business be
 Established  to generate profits. The must important in business exterblishment is adequate planning before we talk about the capital required to exterblished the business because if not properly planned, it may indirectly lead to waste of capital. So we should learn how to practice the principle of planning in what ever we are doing if getting a positive result is our goal at last .

[hedgeh0g]

A business that has no serious planning is never a business, but it’s real gambling. You are only risking your capital to lose, that’s why as much as possible, know your business well and make clear target goals that you are sure to be attainable. Otherwise, everything will turn into gambling, like entrusting everything into luck, instead of building your business from a knowledgeable and skillful point of view.

How can a potential entrepreneur think of investing in any business without proper planning on how, where and when  will the business be
 Established  to generate profits. The must important in business exterblishment is adequate planning before we talk about the capital required to exterblished the business because if not properly planned, it may indirectly lead to waste of capital. So we should learn how to practice the principle of planning in what ever we are doing if getting a positive result is our goal at last .

Yes, but it is precisely the majority of people who do not know how to learn from the mistakes of others when they are advised that they need to plan very carefully and work through every moment and have several scenarios of how circumstances might develop.
Therefore, a very small percentage of businessmen are able to build their business empire on the first try, without unsuccessful experiences with huge waste of personal income, which will later become losses.

[Bitco55]

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!

Yes, I totally agree. Many successful entrepreneurs today didn't start with a large pile of money, but their ideas, vision and knowledge. Though I feel wanting the perfect plan can be a hindrance, one may continue to plan without taking action. So, I'd say make a realistic one, it doesn't have to be perfect, and start your business. Perfect plan or not, one is bound to make mistakes and meet downturn in business. I think that is inevitable. But you can always prepare for it with a proper risk management plan. Same thing applies for experience. Waiting for all the experience, you may not retire early. You may not start early. Instead employing people who have those experience and who are smart enough for their individual tasks would go a long way to help you. You don't need to know how to do everything. One important skill I think a successful entrepreneur should have is the ability to spot a good and up-to-the-task manpower and the ability to lead them.

[Xcode7]

A business that has no serious planning is never a business, but it’s real gambling. You are only risking your capital to lose, that’s why as much as possible, know your business well and make clear target goals that you are sure to be attainable. Otherwise, everything will turn into gambling, like entrusting everything into luck, instead of building your business from a knowledgeable and skillful point of view.

How can a potential entrepreneur think of investing in any business without proper planning on how, where and when  will the business be
 Established  to generate profits. The must important in business exterblishment is adequate planning before we talk about the capital required to exterblished the business because if not properly planned, it may indirectly lead to waste of capital. So we should learn how to practice the principle of planning in what ever we are doing if getting a positive result is our goal at last .

Sometimes, there are people who don't have a good plan for their business. They tend to be obsessed with profit without considering the risks, and that can be a major mistake in running a business.
Planning is essential, and in any case, we must plan carefully. However, in business, there are many other factors that are also quite important, including our experience in the business we run. I believe it can significantly influence the success or failure of our business.

[katanic97]

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!

Amidst proper management what hinders businesses is debt more especially when family and friends are involved, they'll want you to give them at a discounted price or even in debt and then your business suffers for it in the long run. So when planning any business one should avoid and not allow their family and friends to have such opportunity that's one thing that kills a business after much investment in everything.

You’re absolutely right, 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.

[Versatile_choice]

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.

[boyptc]

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.

You'll have no time in mastering if that's a requirement for some strategies.

What I've seen in the businessmen or entrepreneurs that did it. They'd only say to do what Nike says, "just do it".

That's what they did and how they've become successful in their business. Because with all of the prerequisites in building one business.

You can always follow up those but the application of doing the actual one, it will take balls for them to do it. And so, just do it if you have an idea in your mind that you think will click.