Do study or maybe make some research about business. Make plans and list all the needs. Set your mind for your goal to make thing complete. And most important is financially prepared to make your business become real and successful.
Topic: Some things to consider before starting a business - page 2. (Read 2213 times)
Factors you need before starting a business are you need a capital or money, location when you put your business, plans or idea what kind of business you want. After that you need a work hard team for the growth of your entire business.
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.
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.
Of all the business idea on the list, am struggling to accept the idea of not using your money, at least to certain percentage. What will be the risk the business owner is taking? If he can put his money. A reasonable investor except for ICOs will expect a level of sacrifice from the inventor or startup owner.
thanks for this information and hoping this it would be helpful for everyone.
I think the most important thing is whether this business will become fruitful or not.
and don't be afraid if somehow you cannot make any profit and still try no matter how hard. and if you can do this, with all of your experiences and your skills, not take too long to make a profit and even I am sure that you can make a big profit. making business is really difficult especially if this is our first time to create a business that might be different than the others because we need to analyze the market first, decide the capital that we want to use, how long we can work on our business, makes a strategy to attract more people to come to our business and etc.
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
You should also add the importance of the location of the business. Know your competitors and your neighbourhood so in that way you know what's their most need and want. You shoulf study people well (this is a form of marketing strategy where you also have to specify your target audience or consumers.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
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
LOL… do you know that you just made a very funny comment? 😂How can you say that we shouldn’t invest our own money to avoid going bankrupt? If we don’t invest our own money in starting up a business, then whose money should we invest? If you invest another man’s money and it happens it be a failure, then you’ve gotten yourself into debt and a very big problem, so I’m sorry for you. 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
You shouldn’t be saying that. First thing you have to do when starting a business is to consider the kind of competition you’re putting yourself into and knowing whether you can be able to cope with it. If it’s something you can’t cope with, then quit.
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
Sometimes, business guidelines for success is essential, but it does not mean that it really applies in any kind of business you do or planning to put up. If you are really looking for a successful diversification of investment, trust your natural senses while expanding your knowledge on how to multiply your profit and become a productive citizen. 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
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
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
In my opinion about you stated about are these:
Number one
Why would you not invest your own money? typically you have to use your own money or else no one will trust in your business and for sure they would think you are a scammer.
Number two
Working hard is all we need to accomplish our job and to earn money.
Number three
You need to use a new technology because you need to keep up with other businesses.
Number four
You need to have a time management in all of your works
Number five
If you want to build a business you need to go with the trend so that many people can relate to it or appreciate it.
Number six
Learn to know your customer better and that is a key to your success in the industry.
the most important thing to consider when starting a business are the market, your capital, and the profit that you'll receive.
you should think wisely and you must have that to handle your business before you start to handle it correctly so you can do it well and to overcome it without regret because you finish it based on your methods. 
From my own experience, before you start your own business, you have to consider several factors:
1. If demand for your product or service exist.
2. Clear idea and plan.
3. Finance
4. Market
5. Programing, technical work etc.
6. Legal matters
It's very difficult to start and run successful business.
I heard that maybe one third of new businesses collapse in first year.
1. If demand for your product or service exist.
2. Clear idea and plan.
3. Finance
4. Market
5. Programing, technical work etc.
6. Legal matters
It's very difficult to start and run successful business.
I heard that maybe one third of new businesses collapse in first year.
The most sweetest thing one can start a business is having it financed from a money that is acquired for free. What i am trying to imply is that since bounty campaign can make you earn bitcoin for free through your bounty token rewards, then you can already have a capital for you to start a business. So when you have already the money, planning and having a business plan is already essential.
A lot of things are to be consider in starting a business.One of those is what type of business you are creating,is it in demand or not?Second is your location of choice whether it is accessible or not.And finally is how much capital you will be needing to start a business.
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 first point is not possible most of the time, after all if you want to invest the money of other people then you need to prove that you are the kind of people they can trust with their money and that you can multiply their money as well, and if you have no experience doing that no one is going to give you their money, so at least when you are starting out your journey as a businessman you have no option but to use 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
Regarding the price aspect, I do not think that you can really convince a customer to pay more than average price these days. There is so much competition and people are ready to provide same service for cheaper.
You need to be aware of:
1. Your market (Target Audience)
2. Correct advertising
3. It will take alot of time. Do not expect instant results
4. Do not give up on your ideas
(IF YOU ARE WORKING WITH OTHERS)
5. Know your team INSIDE OUT.
1. Your market (Target Audience)
2. Correct advertising
3. It will take alot of time. Do not expect instant results
4. Do not give up on your ideas
(IF YOU ARE WORKING WITH OTHERS)
5. Know your team INSIDE OUT.
you are correct. besides that, we need to know who is our competitor and how we can give more good services to our customer so our customer will move to our business and buy some product in our store. we need to have a plan and strategy to make our business grow from time to time so we can expand our business to a new level and reach more customer in the future. maybe it will be difficult for the first time, but I think if we keep trying, then we can get success like the others.
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.
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.
These are the best pointers to consider in starting up a business. I believe that these 3 are the most important and basic step to consider if you will start up a business of your own. Being realistic always creates a real profit over a profitable plan, it makes sense anyway. Would like to try those in starting up a business by the way and see how it will help me in creating a success.
In starting up a business I think you have to consider your target market. Make some surveys in different places or in social media Before putting up a business plan plan. Think of different ideas, concepts or even ask a family member for some good ideas that might help you in the long run. Most importantly make sure you have the capital for your business, and also consider the location of your business. You can also ask ideas
I think most important things to consider are "your target customers and what you sell."You always make sure that your products you have plan to sell should have customers who will buy it. Also,you should study first if there is a market for it before you begin.
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