Some things to consider before starting a business - page 12.

d1ceplayer

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Quote from: pearlmen on October 27, 2017, 10:39:12 PM

Quote from: Sabar90 on September 10, 2017, 12:58:38 PM

1. Do not invest your own money

Since most businesses are risky, seek partners. So, if things do not go all the way, you will not go bankrupt because of the start-up funds, and not pursued debt.

2. Work hard

If you are not willing to work hard, overtime, forget personal gain and health, then entrepreneurship is not for you. At first, you definitely will not be able to pay employees, even if the employees are cheap. So, your employees are your own.

3. Use the latest technology

New technologies such as software and data storage with small companies are able to compete with large companies. Take advantage of low cost technologies on the market.

4. Respect the time

Rate the money in your time, for example Rp20 thousand per hour. This will help when you have to make a decision: If a store charges Rp10 thousand for shipping every week, and it takes you 2 hours to go to the store itself, then pay for the postage from the company, because it is cheaper.

5. Realistic

When creating a business model, look around and look for a successful example of the business model you want, then learn. If you can not find, whether you are an incredible genius, or your business model will not work in the real world.

6. Sell excess, not price

You start a business, you are naturally frustrated marketing it. But, if you compete on the price, you will end up selling at barely or even under capital. Master the skills of communicating with customers, to explain that your product price is higher because it has a better value

Everything you listed there are things that are not only faulty but also impracticable taking the first one for example if you have a business you yourself don't invest in, how exactly do you expect others to invest in you that would entirely a gamble. Any right thinking investor, would want to see if this individual even believed in this project but if that cannot be established, what is now the drive to run with? People don't invest in dreams but actions practicable and running already.

A lot of thing to consider and search before starting a business. As a student of MBA we have been taught that when you want to start a new business the first thing is environmental scanning then the place where to start what to start from where you should buy materials.

The same is here in bitcoin. Although it is a currency but still needs some search about the market, the value, predictions of the future of bitcoin. So you will be relaxed to invest in bitcoin.

Chanock

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There are a lot of consideration when you put up or start a business. Yes your analysis is true and all of your statement is need to considered. But mental aspect is the one consideration you need to do because all of your unexpected to your business will affect your mental preposition in business. Especially when your capital is not to big and you are expecting that you are gaining with high profit but you get failed to get it. Another consideration is your market place and what people needs including your items price is affordable.

maydna

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Quote from: Bitcoinjheta on October 29, 2017, 02:26:07 AM

Quote from: valentinen39 on October 29, 2017, 02:04:09 AM

Many things to consider before starting a business..consider first your capital..you have much money in order to run your business..the product into days market should also be consider..also the better place should be plan etc,..etc.. Kiss

Before starting a business we should first conduct a feasibility study as to how we gonna earn from that business and if its location is accessible enough to your target market. Also we must consider if we have enough capital to run the business including the grace period during opening days since it will really not get high income right after the operation starts. There should be marketing and adjustment periods where in you will introduce your product but it is more advantageous if prior opening you already have marketing approaches.

the most important that we should consider is preparing the money to start a business if we want to start in offline business but if we want to start in online business then we can start with free one. we need to determine what kind of business we want to start and what we want to use so we can figure out what we need to do. there will need a lot of things to prepare before we can start our business and we need to spend our time to study what business that might be work for a long term.

Bitcoinjheta

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Quote from: valentinen39 on October 29, 2017, 02:04:09 AM

Many things to consider before starting a business..consider first your capital..you have much money in order to run your business..the product into days market should also be consider..also the better place should be plan etc,..etc.. Kiss

Before starting a business we should first conduct a feasibility study as to how we gonna earn from that business and if its location is accessible enough to your target market. Also we must consider if we have enough capital to run the business including the grace period during opening days since it will really not get high income right after the operation starts. There should be marketing and adjustment periods where in you will introduce your product but it is more advantageous if prior opening you already have marketing approaches.

valentinen39

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Many things to consider before starting a business..consider first your capital..you have much money in order to run your business..the product into days market should also be consider..also the better place should be plan etc,..etc.. Kiss

moanamakeway

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Quote from: Sabar90 on September 10, 2017, 12:58:38 PM

1. Do not invest your own money

Since most businesses are risky, seek partners. So, if things do not go all the way, you will not go bankrupt because of the start-up funds, and not pursued debt.

2. Work hard

If you are not willing to work hard, overtime, forget personal gain and health, then entrepreneurship is not for you. At first, you definitely will not be able to pay employees, even if the employees are cheap. So, your employees are your own.

3. Use the latest technology

New technologies such as software and data storage with small companies are able to compete with large companies. Take advantage of low cost technologies on the market.

4. Respect the time

Rate the money in your time, for example Rp20 thousand per hour. This will help when you have to make a decision: If a store charges Rp10 thousand for shipping every week, and it takes you 2 hours to go to the store itself, then pay for the postage from the company, because it is cheaper.

5. Realistic

When creating a business model, look around and look for a successful example of the business model you want, then learn. If you can not find, whether you are an incredible genius, or your business model will not work in the real world.

6. Sell excess, not price

You start a business, you are naturally frustrated marketing it. But, if you compete on the price, you will end up selling at barely or even under capital. Master the skills of communicating with customers, to explain that your product price is higher because it has a better value

Your post is very interesting! I for myself am wanting to start up a business. But I am considering to put up a food business. If I am to put up a business like this, I want it that I am familiar with how it operates and the people I want to cater.
My advise to business minded people like me: choose your passion.

selectaselectine

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You have to consider your market, the availability of the products you need, location, and ofcourse the profit. Since you're starting a business, you need to set a goal on how many should be sold on the first quarter and so on so that you can control the expenses.

Ctn

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Yeah some good points but too much honesty never pays the electricity bills. Getting partner is not as easy as we think because we are talking about money here which doesn’t come free. The mutual understanding is first aspect if I want to make business with someone. Honestly speaking last point of your guide pokes me little more than others. Sell excess and not the price, that’s correct but that’s also very difficult to achieve and that’s why people often fall for tricking the prices and try to make the profits from less sell more price. But that’s upto how your business is and it’s nature too. Good read though.

Sidas_Crew669

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Quote from: Naughty Princess on October 28, 2017, 05:44:15 PM

Quote from: jeanpadel14 on October 27, 2017, 07:34:43 PM

Things to consider before starting a business first the money you invest..you need to be sure that your business will return your investment and second is the place where you put your business..

Consider all the aspects of building up a business with sufficient amount of money to fund it and also the people who your going to serve with your products and services. You need to know if the market needs that kind of business, if it will help everyone. And what is the advantages of your business to other competitors in the industry.

Exactly once. Indeed before starting a business the main steps that we have to do is analyze all the things there are in it. Because the business is not an easy thing to do, because a lot of things that must be thought of the complex by the businessman if not then everything will end in a big loss. But of all my business category analysis, only marketing that has always had a lot of enthusiasts.

Rufsilf

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Before you start your own business, you should know first if you are doing it with a good analytical thinking. You need to analyze things first before doing anything because if you will not do it with a good analytical then there is a higher chance that you will not make any good outcome from starting a business. So if i were you, i will do analyzation first.

Yamifoud

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Quote from: jeanpadel14 on October 27, 2017, 07:34:43 PM

Things to consider before starting a business first the money you invest..you need to be sure that your business will return your investment and second is the place where you put your business..

The assurance of having return from your investment at first is just only 30%, because the rest will falls into expenses. One year from the start, investment is not gaining at all. Best marketing trategies are very vital things in running business, as I will continue for another years that's the time your earned more.

detector

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★

After I know bitcoin, it's change my life a a bit. Yes , bitcoin makes me richer $ 5000 over 3 years and I just figure this forum out that I'm able to earn bitcoin even more.
I'm try to open some franchise like Hoka Hoka Bento at canteen with my bits profit because I seen a good prospect !

Genemind

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Don’t forget one of the most important of all, marketing strategy. I believe that in order for a product or service to be successful the people must be aware of it, to attract more buyers or customers.

cpfreeplz

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Using someone else's money is such a luxury. It's naive to think everyone would have that opportunity. Are these your guidelines to a bitcoin business? It seems far too generic. Use tech? Well obviously lol.

Kidmat

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Quote from: Bagaji on October 28, 2017, 06:37:35 PM

Some of the major factors that need to be considered before you start a business are as follows. Capital is very important for without capital one cannot set up a successful business, location of the business, market feasibility study in relation to the business.

Absolutely yes there are many things to be consider before starting a business; capital and location ofcourse. In order to be a successful in business it is also important your location and marketing strategy to attratct more investors. By these way you can have more investors.

LogitechMouse

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Quote from: Sabar90 on September 10, 2017, 12:58:38 PM

1. Do not invest your own money

Since most businesses are risky, seek partners. So, if things do not go all the way, you will not go bankrupt because of the start-up funds, and not pursued debt.

2. Work hard

If you are not willing to work hard, overtime, forget personal gain and health, then entrepreneurship is not for you. At first, you definitely will not be able to pay employees, even if the employees are cheap. So, your employees are your own.

3. Use the latest technology

New technologies such as software and data storage with small companies are able to compete with large companies. Take advantage of low cost technologies on the market.

4. Respect the time

Rate the money in your time, for example Rp20 thousand per hour. This will help when you have to make a decision: If a store charges Rp10 thousand for shipping every week, and it takes you 2 hours to go to the store itself, then pay for the postage from the company, because it is cheaper.

5. Realistic

When creating a business model, look around and look for a successful example of the business model you want, then learn. If you can not find, whether you are an incredible genius, or your business model will not work in the real world.

6. Sell excess, not price

You start a business, you are naturally frustrated marketing it. But, if you compete on the price, you will end up selling at barely or even under capital. Master the skills of communicating with customers, to explain that your product price is higher because it has a better value

I agree with the ones you said but one thing to consider is the location I think. Find a location that have many customers around. Even you have that 6 things to consider if you are starting a business in a place where you don't know the location, its useless. So before you start a business, find a good location where you will start your business.

Bagaji

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Some of the major factors that need to be considered before you start a business are as follows. Capital is very important for without capital one cannot set up a successful business, location of the business, market feasibility study in relation to the business.

Naughty Princess

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Quote from: jeanpadel14 on October 27, 2017, 07:34:43 PM

Things to consider before starting a business first the money you invest..you need to be sure that your business will return your investment and second is the place where you put your business..

Consider all the aspects of building up a business with sufficient amount of money to fund it and also the people who your going to serve with your products and services. You need to know if the market needs that kind of business, if it will help everyone. And what is the advantages of your business to other competitors in the industry.

Lykslyks

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Quote from: Sabar90 on September 10, 2017, 12:58:38 PM

1. Do not invest your own money

Since most businesses are risky, seek partners. So, if things do not go all the way, you will not go bankrupt because of the start-up funds, and not pursued debt.

2. Work hard

If you are not willing to work hard, overtime, forget personal gain and health, then entrepreneurship is not for you. At first, you definitely will not be able to pay employees, even if the employees are cheap. So, your employees are your own.

3. Use the latest technology

New technologies such as software and data storage with small companies are able to compete with large companies. Take advantage of low cost technologies on the market.

4. Respect the time

Rate the money in your time, for example Rp20 thousand per hour. This will help when you have to make a decision: If a store charges Rp10 thousand for shipping every week, and it takes you 2 hours to go to the store itself, then pay for the postage from the company, because it is cheaper.

5. Realistic

When creating a business model, look around and look for a successful example of the business model you want, then learn. If you can not find, whether you are an incredible genius, or your business model will not work in the real world.

6. Sell excess, not price

You start a business, you are naturally frustrated marketing it. But, if you compete on the price, you will end up selling at barely or even under capital. Master the skills of communicating with customers, to explain that your product price is higher because it has a better value

For me, this is not an approlriate standards when putting up a business, you need to invest your money although it's risky because no one will finance you. Work hard? Of course you obviously need to do hard work to broaden your market, and to earn clients to invest in your firm. I agree with the idea of using the latest technology, because by this way you can compete to your competitiors in a fair competition. Realistic, you will surely fail with this one, your considerations in starting a business is a trash because it is full of what you think needs to be considered. You need to have business plans, your strategy in promoting your business, your business policies should be implemented in order for the employees to know the rules and regulations, and you need to have vision, mission and core values of the company. Lastly, it's not about communicating with your customers. You should've known who are your target market. I suggest that before opening a business, read some books or try searching online what are the things that could possibly help you in putting up a business.

Palmerson

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Live cams shows pimped with cryptocurrency

For any business there are no universal rules. In the success there's always room for luck. All the options are incalculable. Now many people think that if you would have kept your coins in 2010, now would be millionaires. I think that it is not. The price of bitcoin rises due to speculators. There is no certainty that until they bought all the coins in those years had they not raised the price so high.

Topic: Some things to consider before starting a business - page 12. (Read 2213 times)