Topic: New business idea. - page 2. (Read 1690 times)

Every businessman starts his first career as a worker in a company or other business, they are not just looking for capital to launch a personal business in the future but they want to increase their knowledge for business management and make their business in the future better than the business they have previously worked in, they must set targets for starting a new career to launch a personal business and maybe the target of working for up to 5 years is enough to collect savings to create a new business.

Many successful businessmen followed this method to start their careers as workers and they have now become businessmen with millionaire assets which are divided into several companies, so there is nothing impossible to become a successful businessman in the future if you try hard with all your efforts to make your dreams come true.

The business idea is fantastic and it will be lucrative.

But there are lapses in your content which does not take account into licensing by Nafdac as the body in charge of food and drug registration.

Your content did not state the start up capital and the cost of the equipment under the current exchange rate. The type of raw materials needed in producing the groundnut oil was not also stated.

Please address these issues because I am very much interested in this business.

That's why I admire those businessmen who have started with little to no capital. Some might ask if it's actually possible to start with zero as capital, I'd say yes that it's really possible but you have to start somewhere to make the business bloom and you're going to make efforts, and when we say efforts, not just efforts that you're going to do but a lot of things. The grit that these businessmen did before they're experiencing the success of their lives now have come from something and even to nothing.

When it comes to business, we have to thoroughly discuss all aspects related to business, from capital to the place that we will make as our business place, in any business. Capital is the first thing on our minds when talking about business, capital becomes the outline only and it will be more conical about what we have to think about running the business we plan. We cannot forget any of the factors related to the business that we will run, if we forget it then most likely our business will not run smoothly.
Sometimes we always forget things that we consider small and simple, even though it also affects and greatly determines the journey of our business.

If the demand in your country is large, there is no harm in starting this business. Because this is a good step in starting a business because we already know the market is big and there are always improvements. Starting a business must be seen from a strategic location and high consumer demand. If these two elements are met, then your choice to invest in the red bean oil making business is quite promising in the future because red beans also have other benefits, not just the oil.

Apart from having a new business and being able to make a profit, at least you have helped people in your environment to work, so that unemployment can be reduced with your business, isn't that good? So continue with your business idea, because this is a brilliant idea.

Actually, you came up with a good idea of starting a business, but there is something that I think you are trying to miss because you start having an interest in joining the business when the demand for the product is high, which is good. I think you are trying to miss something, which is research based on the business itself, because if you have conducted accurate research and make sure you have known both the positive and negative sides of the business before you can even start doing business so that when the demand for the product gets low, you will understand that it self because you have conducted accurate research and you will know some strategies that will help you to increase your own demand. Knowing about business before starting it really helps a lot because you will end up regranting when ever the market demand is low.

And again, if you are trying to share the idea of the business with others, you need to provide adequate information about the business, not only the high rate of demand and equipment needed to start the business but real information like the amount you need to start investing, the time it will take to get a profit, the number of employees needed, and other various information aspects of the business. This will show that you are really interested in sharing the business idea with others.

Yeah, all of those aspects are essential when building this the same idea or any other ideas that you think that will help you to thrive in life. There will be a lot of tests and experiments that will be made upon doing any business and it's fine because that's all part of the process.

If that helps you out to build the business or the idea to become a business then you must just stick to it and make the most out of it for your own productivity.

Of course, everyone cannot avoid competition, and I can agree that ignoring it should actually provide more motivation to be able to appear confident that what we do will be better than existing competitors. So the same idea will not necessarily mean that the presentation of the final result will be the same. There will always be differences in many aspects that can occur, and that will encourage us to make a different appearance.

Doing any business always has to be seen from the many issues that we are going to face, not only qualified skills and, of course, sufficient funds, but also finding a location in accordance with the environmental situation that can accept it and be able to develop in the future. All aspects must also be considered carefully. mature before the determination becomes the final result that becomes decisive.But I agree that self-motivation must be maintained so that there is a desire to perform well and provide benefits when the time comes.

Not just about the skills but also the location where you are at. Like the businesses that require planting and you're also in the production of it, that's what is important with that business. The type of land you are and the climate in that area affect that type of business. That's why if you're a genius on doing business and it's all about the idea that you see the potential of it, don't mind the competition because if you truly believe of what you're doing is going to make you profit, go for it and never be bothered by these factors.

Even  though in business on which those common factors is something that should really be that causes for your business to succeed on which it is really that being the standard thing that someone should be followed but i do agree into those points that you would really be need up some mix of luck on which there are really instances and situations on which there's no way that it could be influenced on which it might really be that affecting in overall success rate of a particular business that you are dealing with. When making a new business then we do know on what are the steps and things to be considered. Everything should come in plan but just
like on what i have said earlier that there are factors on which it isnt something that you could be able to get a hold with.

Ex. Demand and recognition.. These things arent something that you could be able to assure with. There's no way that you could be able to determine on what are the things that would
happen ahead. This is why you should really be that snappy in terms to those times or moments on which direct adjustments is ndeed.

I think everyone has different business ideas depending on the skills they have, even if there are people who have the same idea, it's even better because there will be competition between the two. There is no guarantee that no one in the area where you live is working on the same business, there is very often competition between business people that is more than you ever imagined. There needs to be competition in business because it will help consumers in terms of price and quality. You need to develop your business with additional ideas so that consumers prefer to buy goods from you because the price is affordable and the quality is good.

Sometimes luck is the collaborator in achievement, is it not? The influence of other forces, which are frequently out of our control, cannot be denied. For example, customer preferences or market trends - are these not purely random factors? Indeed, diligent labor and wise planning are essential. Could we, however, contend that opportunity and preparedness typically come together at this point, with luck possibly tipping the scales?

Conversely, believing that luck is the only factor in success compromises the tenacity and acumen needed in the commercial world. Success, as you correctly stated, is the result of continuous progress and work. Isn't the key to long-term success one's capacity for innovation, adaptation, and learning from mistakes? While chance may create opportunities, our abilities and perseverance allow us to pass through them and succeed, don't you think?

  Agriculture impacts society in many ways, including: supporting livelihoods through food, habitat, and jobs; providing raw materials for food and other products.
Groundnut oil production business is a profitable one to startup,its health benefits and packed nutrients makes its demand high in Nigeria and Africa continent.
 Ensure that you have conducted a proper research over the business you intend to start,considering the pitfalls and hazards involved in the business sector.

Every business development idea that we have must be seen to see the extent of its potential for success and this is more about developing promising local businesses and however, there must be a way for its development to be broader and not just limited to a small scale If you think this idea has good prospects in the long term, maybe you need to think about how to fund the business so that it develops further and it is entirely your responsibility to find capital.

I like people who have ideas for developing a business because actually developing a business will be quite fun and we can open up jobs for other people. I quite support business development efforts because the more small businesses that develop, the more people will be helped to find work and you have to work on making the business bigger.

Do you think someone who runs a business and its success only depends on luck? even if they do their best for their business, does it only depend on luck?
I think not, because in my opinion someone who runs a business of course they must want success, and success depends on how they manage their business, if they manage their business well, chances are they will be successful, because as far as I know success is in people who want to try and struggle and work hard, not with success in favor of those who are lucky. if success sides with those who are lucky, it will make them have the principle of "no need to work hard, because if we are lucky we will be successful", is that appropriate to sound?

I don't think so my friend, luck does not have a big role in terms of success, someone who wants to be successful of course they have to go through various processes, it's impossible for him to just stand still and because of luck he becomes successful, it's very beyond reason.

Thank you for sharing this good business idea, but in my country I doubt this business will be a big success because there is no market demand for it yet. I also still really remember what my lecturer said, the business with the best profits is the business from nature (gardening - raising livestock - farming)
btw, any business will be a big success if you are consistent in it and also work hard to grow it. Apart from that, good market demand also influences the success of the business you are building.
In my country, people are still busy looking at the palm oil business, they are willing to work hard for it even though the EU embargo on palm oil from Indonesia continues to be implemented.

To start any business ,we can't say it will be successful in future. Business success mostly depends on luck,luck plays important role in every success.I see many people at the peak and at the ground.I see Many who invested on Russian Salid business ,but he didn't successful in this business and after in the same area, another person started the same business ,he invested a little amount of money but he is successful in my area and he is respected by a lot of people. In my opinion,luck plays vital role in every field of life.First person invested a lot but he didn't see the need and choice of people,he cannot get success but after little investment gave a unique taste to people and get became successful.

The business is not the easy one,we should increase our skill towards that business.If the business is based on the service oriented the business can be teach by some private sector,So you should join such things and update your skills in that business.After you learned,you can start the business with the less capital.Incase you had loss the less capital means,it won’t affect your business and the financial situation.Learning needs some dollars to earn some skills.The risk was the common one in the business,if you had earned some knowledge it help you to stay away from the loss.


The business first needed the disciplined person for the successful career.Because the business need of regular money for the rotating,until you live the discipline life you can’t save the money for the business.This was reason for business man to make yearly one vacation as compared to others.

Maybe what you mean is that before someone starts a business they must first do market research which means finding out about what products now have a high level of demand from most of the community, of course that is one of the important actions that must be taken before someone starts running their business, starting from knowing what products have great potential in public demand and after that building plans and strategies carefully and preparing capital that is able to sustain the course of the business by also preparing mentally and strong patience then I think they will be able to run it smoothly even though any difficulties are still not avoidable.

We must understand that the business world is very tight especially along with the development of increasingly modern or sophisticated times, this makes it possible for competitors to make many advantages with something more that they have and of course we don't have, and that is one of the risks that will very likely occur. Anyone will never know if they will succeed and get success from the business they run but what is certain is that if we really want to try and work hard then I think nothing is impossible.

This is what a businessman should do, they must have their own skills or they can recruit people who are good at marketing, because it can help the development of their business quickly. the business that is run must be successfully run to make a profit so that it can make us happy. the marketing that is done must be maximized so that it can generate profits and also make developments in the business that is run.

Your story is proof of good marketing, where your friend can recycle from used goods into a work of art that generates profit, also with the support of good marketing makes your friend have a workshop to produce what he does, and of course he needs other people in this case, no matter how great someone with his business must have employees who help their work.