The most important factor when building a business

[dezoel]

A person must have very good observation skills to build a successful business. As you mentioned, if you open a business around a school, college, or university, you must know what the demand is mostly at that spot or location. We know that students have specific needs, like stationary, books, and if it's older students, like in college or university, they will be needing for a place where they can sit, drink some tea or coffee and have a conversation with friends. That's why, if you observe all these things, and then decide to open a business that has a demand, you will have success for sure.

Copying others is not a good thing, observing what they do and also observing the demands of the people, that's how you run a successful business. You mentioned about taking advice from those who are successful, it can be good, but I don't believe in that, because I believe most people wouldn't guide you well since you are going to become a competitor for them once you start the business. So, do everything yourself, but do it properly.

I mean "copying others" could technically be a good business idea, only depending on how well they are. If they have done a great job and you do the same and you make a great return too then yeah you are going to end up with a great return too (of course if you can execute like them).

The downside is, they already did it, so why would people prefer you, a knock off. That is why I think it's quite important for us to get the result we want based on our own methods and not what others are doing. This is not going to be easy, so we need to make sure all is well and not having any trouble with it. This is hard and difficult, so we need to take our time, and even consult others in the business to see what they would say about our ideas.

[DiMarxist]

You are actually right, understand your target audience is actually the foundation of any successful business. Taking time to study the people around you, actually helps a lot, like you highlighted earlier, having if there's a school  nearby, it's a great idea to start up something that student actually need to survive in school and make their studies possible, for example selling of books and pen, that'd writing materials, healthy and affordable snacks, or even a quiet park to relax and rest their Brian.
And also knowing people around you and those who patronize you help your business, when understanding what they like and can afford it becomes more easier for you to provide what they need and connect with them. So yes identifying and studying your target audience is the best way to keep a successful business.

[Adams0001]

The most important factor to consider when starting to build a business is the target audience. You have to think of who would you want to cater to. Who are the communities that you may profit off of. Like for example if there is a school near you, you should know that students would be your target audience. You should start a business where students can buy materials from or a place they can study or even hang out around. I believe that if you studied your target audience, the first step of your business is already successful enough.

One thing is knowing the business you want to do very well most people go into business without carefully understanding how the business works because they see people doing it and become successfull and they decides to try and they end up not been successful. Another thing to site is your location location matters alot and your business will be what the environment can't do without and it should also be in a populated area so your business can grow fast, school environment is always a good location to do any kind of business.

That is what is making many people failed doing a business, because they don't really have plan and they don't know how the business his, since they see someone successful in the business they will like to do too and see if they will achieve there goal on it too. The main thing you need to look at if you want to start a business is the environment that you are trying to start business. You need to observe it first and see if you are in the right place to do the business. Then you can go trough the target audience and see who you will offer your products too and make you successful. Not every business favours everyone they get some business that I will do and successful and if another person try to do it he can probably failed because the way you treat customers is not the way I will treat mine. To understand how to run a specific business help alot and he will make you achieve your goal easier. if you know how to treat customers well and you need to produce what customers need most in the environment you are doing the business.

[blockman]

I mean "copying others" could technically be a good business idea, only depending on how well they are. If they have done a great job and you do the same and you make a great return too then yeah you are going to end up with a great return too (of course if you can execute like them).

In my area, I see stores that sells almost the same products. We've got these small stores from each corner and they literally are copying each others products and business ideas. It's a common thing here in my country that what people see that's profitable, they're also going for that business. If the snacks are sellable, the other competitors will also do that. But this type of competition is weakening the market of someone who's got a good name already as it's taking the loyal customers from the new competitor.

The downside is, they already did it, so why would people prefer you, a knock off. That is why I think it's quite important for us to get the result we want based on our own methods and not what others are doing. This is not going to be easy, so we need to make sure all is well and not having any trouble with it. This is hard and difficult, so we need to take our time, and even consult others in the business to see what they would say about our ideas.

That is right, knocking off and selling cheaper which is giving both the established and competitor one lesser margin. They're both killing the market that they are in until expensive rent hits them badly.

[Ryu_Ar1]

I mean "copying others" could technically be a good business idea, only depending on how well they are. If they have done a great job and you do the same and you make a great return too then yeah you are going to end up with a great return too (of course if you can execute like them).

In my area, I see stores that sells almost the same products. We've got these small stores from each corner and they literally are copying each others products and business ideas. It's a common thing here in my country that what people see that's profitable, they're also going for that business. If the snacks are sellable, the other competitors will also do that. But this type of competition is weakening the market of someone who's got a good name already as it's taking the loyal customers from the new competitor.

It's the same as the area where I live now. Many people always follow what others have done for business under the pretext of competition, when in fact, if we look deeper, this kind of thing actually stems from a feeling of not accepting that others are capable of doing something while we are left behind and cannot reap the benefits, which makes them do exactly the same thing under the pretext of competition.

This kind of behavior should be reduced because, after all, if we want to succeed, we must find something that ultimately sets us apart. It's not just about the capital we have when it comes to business, but also about strategy and unique characteristics that can ultimately add value to support the business we run.

[SUPERSAIAN]

Before starting a project, it's important to learn the craft and succeed by working in it. After establishing a budget, selecting and reaching your target audience is crucial, and building a lasting audience requires a separate effort. In this case, you need to strengthen your connections and build a strong network.

You already know your target audience, assess their needs, and fulfill their desires. Don't forget to seek feedback, be consistent and dedicated.

[GeorgeJohn]

The most important factor to consider when starting to build a business is the target audience. You have to think of who would you want to cater to. Who are the communities that you may profit off of. Like for example if there is a school near you, you should know that students would be your target audience. You should start a business where students can buy materials from or a place they can study or even hang out around. I believe that if you studied your target audience, the first step of your business is already successful enough.

the factors to be considered before establishment of any business, are the following
1.The environment
2. If they're accessibility for the environment
3. Availability of social amenities
4. The population size of the environment

So all these are listed is the primary things that any person that want the establish a business or want to build a business have to look into before the establishment of any business in any environment you find yourself, this are called a market surveyor, you need to know if you have a strategic point to establish before you could beat up your business, without noticing or knowing the population size of the place if you will have a traffic when you establish, if you establish without this findings you will end up crashing

[Lanatsa]

The most important factor to consider when starting to build a business is the target audience. You have to think of who would you want to cater to. Who are the communities that you may profit off of. Like for example if there is a school near you, you should know that students would be your target audience. You should start a business where students can buy materials from or a place they can study or even hang out around. I believe that if you studied your target audience, the first step of your business is already successful enough.

One thing is knowing the business you want to do very well most people go into business without carefully understanding how the business works because they see people doing it and become successfull and they decides to try and they end up not been successful. Another thing to site is your location location matters alot and your business will be what the environment can't do without and it should also be in a populated area so your business can grow fast, school environment is always a good location to do any kind of business.

That is what is making many people failed doing a business, because they don't really have plan and they don't know how the business his, since they see someone successful in the business they will like to do too and see if they will achieve there goal on it too. The main thing you need to look at if you want to start a business is the environment that you are trying to start business. You need to observe it first and see if you are in the right place to do the business. Then you can go trough the target audience and see who you will offer your products too and make you successful. Not every business favours everyone they get some business that I will do and successful and if another person try to do it he can probably failed because the way you treat customers is not the way I will treat mine. To understand how to run a specific business help alot and he will make you achieve your goal easier. if you know how to treat customers well and you need to produce what customers need most in the environment you are doing the business.

Start by walking the area and talking to twenty people to learn what they buy and what they need and record short answers on a simple sheet so you can spot patterns and pick a service or product that matches daily habits and peak times of foot traffic and local routines.Create a tiny test offer with a one page reservation form that states the product or service price and simple delivery or pickup options so you can measure real interest without spending much. Drive traffic with a small boosted post or hand out flyers in targeted spots and aim to send fifty people to the page to see conversion rates and collect contact details for follow up and quick feedback.

Measure only what matters such as inquiries preorders conversion rate average order value and repeat customers and run a thirty day validation plan that tells you whether to pivot scale or stop based on simple numeric thresholds and honest review of customer feedback.

[junder]

I mean "copying others" could technically be a good business idea, only depending on how well they are. If they have done a great job and you do the same and you make a great return too then yeah you are going to end up with a great return too (of course if you can execute like them).

The downside is, they already did it, so why would people prefer you, a knock off. That is why I think it's quite important for us to get the result we want based on our own methods and not what others are doing. This is not going to be easy, so we need to make sure all is well and not having any trouble with it. This is hard and difficult, so we need to take our time, and even consult others in the business to see what they would say about our ideas.

I understand what you're saying, with the intention of coming up with your own results, not imitating others. Knowing their opinions on the business idea we're going to pursue might not be important, but I think it can actually be quite influential. Imagine when we've run out of viable ideas, but when we discuss it with friends, I think new ideas will emerge, but the initial idea won't be discarded. Considering that everyone's thinking is different, this is worth pursuing.

[blockman]

In my area, I see stores that sells almost the same products. We've got these small stores from each corner and they literally are copying each others products and business ideas. It's a common thing here in my country that what people see that's profitable, they're also going for that business. If the snacks are sellable, the other competitors will also do that. But this type of competition is weakening the market of someone who's got a good name already as it's taking the loyal customers from the new competitor.

It's the same as the area where I live now. Many people always follow what others have done for business under the pretext of competition, when in fact, if we look deeper, this kind of thing actually stems from a feeling of not accepting that others are capable of doing something while we are left behind and cannot reap the benefits, which makes them do exactly the same thing under the pretext of competition.

This kind of behavior should be reduced because, after all, if we want to succeed, we must find something that ultimately sets us apart. It's not just about the capital we have when it comes to business, but also about strategy and unique characteristics that can ultimately add value to support the business we run.

That's already in the roots of those people that keeps on doing it and unaccepting when others are thriving with their business. So no matter what type of business the others do as long as these people are bitter with their situation and can't accept other's success, they'll do it. You are right about that, we call that here 'crab mentality' because just like crabs, they're crawling to others just to be on top of them. But let's all just wish that all of them will be successful in their own different trades and also in their walks of their lives.

[Alone055]

Surely target audience is one of the major factors. To recognize them, their needs and spending capacity is a must. Along with that to win in a competitive market, good marketing and promotional campaigns are required. With new tools like adsense and all, it kinda have became easy to reach to a vast and right audiences online. Plus quality is something that can't be compromised. 

Marketing is basically the backbone of a business; you can't run a business successfully if you are not very good at marketing it. Adsense and social media platforms are good for online businesses, even some offline businesses such as fast food chains and stores can utilize them if they know they can get orders online and then deliver the product to the customer; however, for most businesses that are run in the actual world outside the internet, it's essential for them to beat their competition when it comes to promoting their brand and their products, so that they can attract as many customers as possible.

For this reason, it becomes very important for businesses to hire the best marketing managers and those who can create marketing ideas and then make the team do the rest, such as designing work, allocating the budget, and rolling down the schedules. It is also very important to pick the right spots for promoting your business, because you need people who might be interested in your business to see the promotions or marketing material. Like, you can't be promoting school bags on a promotional space in front of a hospital.

[batang_bitcoin]

Surely target audience is one of the major factors. To recognize them, their needs and spending capacity is a must. Along with that to win in a competitive market, good marketing and promotional campaigns are required. With new tools like adsense and all, it kinda have became easy to reach to a vast and right audiences online. Plus quality is something that can't be compromised. 

Reaching audiences can easily be done now because of the internet. Before, you need to publish to newspapers, book a radio and TV ad if you want wider reach. But this time, it's easier because of ads that people can apply and pay for so that they'll get their target customers and get into the niche. Good products won't be sellable if they are not known to the customers and so you need to introduce your product in the right area whether it is a physical area or give yourself an online presence which is easier and convertible to sales nowadays.

[Different patterns]

The most important factor to consider when starting to build a business is the target audience. You have to think of who would you want to cater to. Who are the communities that you may profit off of. Like for example if there is a school near you, you should know that students would be your target audience. You should start a business where students can buy materials from or a place they can study or even hang out around. I believe that if you studied your target audience, the first step of your business is already successful enough.

Every successful businessperson, or let me say, anyone who wants to start up a business, must at least know these: have a clear business idea by conducting market research to understand the customers and create a business plan that will bring out your strategy and financial needs. You also need to secure funding, then target the right audience in a suitable location.

[goldkingcoiner]

The most important factor to consider when starting to build a business is the target audience. You have to think of who would you want to cater to. Who are the communities that you may profit off of. Like for example if there is a school near you, you should know that students would be your target audience. You should start a business where students can buy materials from or a place they can study or even hang out around. I believe that if you studied your target audience, the first step of your business is already successful enough.

The most important factor is that anyone actually wants or needs whatever you sell/provide. Everything else comes after that. Not even the best and most perfect audience will help your business succeed if your business idea is not worth anything.

Many business ideas have been done again and again and again. There is too much competition to the point where opening another such a business will not bring in much or any profit.

If you have a good business idea the people will come.

[eightdots]

The most important factor to consider when starting to build a business is the target audience. You have to think of who would you want to cater to. Who are the communities that you may profit off of. Like for example if there is a school near you, you should know that students would be your target audience. You should start a business where students can buy materials from or a place they can study or even hang out around. I believe that if you studied your target audience, the first step of your business is already successful enough.

The most important factor is that anyone actually wants or needs whatever you sell/provide. Everything else comes after that. Not even the best and most perfect audience will help your business succeed if your business idea is not worth anything.

Many business ideas have been done again and again and again. There is too much competition to the point where opening another such a business will not bring in much or any profit.

If you have a good business idea the people will come.

A need is essential for a purchase to take place. If a product is needed in a region and you make it easy for people to access it, you're doing a good job. Of course, making a profit is also important. When planning to generate profit, understanding the region's needs and bringing in products to address their needs can be advantageous.

Many aspects must be considered when establishing a business, because for a business to generate profit, it must sell a product or service. To sell a product or service, the region needs to have a need for that product or service.

[Iamgoat]

Reaching audiences can easily be done now because of the internet. Before, you need to publish to newspapers, book a radio and TV ad if you want wider reach. But this time, it's easier because of ads that people can apply and pay for so that they'll get their target customers and get into the niche. Good products won't be sellable if they are not known to the customers and so you need to introduce your product in the right area whether it is a physical area or give yourself an online presence which is easier and convertible to sales nowadays.

What I think is the most important factor one must consider when building their business is quality. Quality of products, quality of services, quality of delivery, quality of branding and so on. It begin from such intentional idea. Before you go into any form of business, learn to understand the rudimental aspect of the business because it is what will determine your long stay in the business. There are so many people who are already doing what you intend to do, there are plenty others already reaching the audience you are trying to penetrate, so the only thing which is going to stand you out is the quality you put into your business as it will also determine your standards.

[Berry2d]

One important thing about business is starting a business while the other is making profit from it, some people go about exterblishing a business without proper investigation on what will yield high turn over within a particular environment. Identifying what will be needed within your environment at a particular time gives room for increase in profit therefore, the most important factor to consider in exterblishing a business is identifying what the people within that area needs before considering other factors like the price in other to attract more customers. Once the above mentioned factor is recognized, then we talk about customer service, treating customers with respect is also a good marketing strategy that helps in business development.

[ShowOff]

One important thing about business is starting a business while the other is making profit from it, some people go about exterblishing a business without proper investigation on what will yield high turn over within a particular environment. Identifying what will be needed within your environment at a particular time gives room for increase in profit therefore, the most important factor to consider in exterblishing a business is identifying what the people within that area needs before considering other factors like the price in other to attract more customers. Once the above mentioned factor is recognized, then we talk about customer service, treating customers with respect is also a good marketing strategy that helps in business development.

I have noticed over a long time that, building a business focused on household necessities can be one of the best options. Its movement tends to be more stable because it's always in demand, and because it's needed by everyone, it will be easier to attract customers. I think that kind of business model can last for the long term, even if the profit gained is smaller than other businesses.

I think it's a good idea for anyone who wants to build a business. The amount of capital needed is also not too large, especially if you plan to build a business far from the city center. The supply chain for basic necessities also almost never breaks, which means the risk of your business stalling is nearly impossible. Of course, there are many other businesses that can provide a greater profit, all you need to do is start.

[Ricardo11]

The most important factor to consider when starting to build a business is the target audience. You have to think of who would you want to cater to. Who are the communities that you may profit off of. Like for example if there is a school near you, you should know that students would be your target audience. You should start a business where students can buy materials from or a place they can study or even hang out around. I believe that if you studied your target audience, the first step of your business is already successful enough.

Not only in business but when starting any work, we must set goals. And when we start a business, it is essential to determine the target audience. If I understand the needs and preferences of those who will receive my product or service, then my business will run in the right direction.
Target audience analysis increases sales and provides valuable information for future business decisions. It also results in better implementation of product development, pricing and market strategies.
I think target audience is the initial and important step of business. It reduces business risks and leads to success.

[Accardo]

Every successful businessperson, or let me say, anyone who wants to start up a business, must at least know these: have a clear business idea by conducting market research to understand the customers and create a business plan that will bring out your strategy and financial needs. You also need to secure funding, then target the right audience in a suitable location.

Market survey is a compulsory strategy at harnessing the right approach of the market. Knowing the budget needed to push the business to the eyes of buyers comes through surveys, which is always affordable. It's a kind of way of being in the market without being established yet, the investor or business person isn't just going to the market for the first time when they open a shop or build an office. With that If the target audience is nice and responsive to the business they'll be no double mind in making the right decision on budgets and planning.