Topic: Some things to consider before starting a business - page 5. (Read 2213 times)
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.
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
Maybe we can add the know what yoe NEED and what you WANT. So we can manage our money better. You can master you skill especially how you create your products so you can assure that you are giving the quality and the best products that you can give. 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
Its better to keep in mind that you are here at uncertainty and prepare yourself as it is. You should be mentally prepared for any shocks.
In the first place, how about we take a gander at what every single effective business do:
1.Successful organizations have items and administrations which fulfill a need.
Individuals should have the capacity to call individuals when they aren't home and need to have the capacity to browse email in a hurry. Apple and Samsung fulfill this need with their cell phones Individuals need to sustenance and drink to survive Ranchers and supermarkets fulfill this need Another case is a sure sort of eatery that you think may be fruitful in a specific zone. Imagine a scenario where before, a similar sort of eatery has bombed in the area you need to attempt one. For what reason does it bode well to open another up of a similar assortment in a similar place?
2.Successful organizations are beneficial
Your opportunity is significant, and furthermore your cash is additionally important. In the event that it costs $5 to make or accomplish something, and you can just offer it for $2, it won't work out. Similarly, in the event that it takes 10 hours to make or help out $3 and you just can offer it for $4, at that point it won't not be justified, despite all the trouble.
3.Successful organizations have items which can possibly speak to numerous
It's a considerable measure less demanding to influence your business to work in the event that you have an objective market of 10 million individuals versus 1,000 individuals.
4.Successful organizations are in business sectors where they have an edge and the abilities to succeed
Center is enter in anything a man or business does. Attorneys wouldn't begin doing charges since they don't know bookkeeping laws. That is the thing that bookkeepers are for (and the other way around). For instance, relatively few organizations are endeavoring to fabricate web indexes on the grounds that Google makes such an astounding showing with regards to ordering and serving seeks (and to get the point where an organization may even have a shot, they would need to burn through a huge number of dollars to get the correct ability, equipment and programming set up.
1.Successful organizations have items and administrations which fulfill a need.
Individuals should have the capacity to call individuals when they aren't home and need to have the capacity to browse email in a hurry. Apple and Samsung fulfill this need with their cell phones Individuals need to sustenance and drink to survive Ranchers and supermarkets fulfill this need Another case is a sure sort of eatery that you think may be fruitful in a specific zone. Imagine a scenario where before, a similar sort of eatery has bombed in the area you need to attempt one. For what reason does it bode well to open another up of a similar assortment in a similar place?
2.Successful organizations are beneficial
Your opportunity is significant, and furthermore your cash is additionally important. In the event that it costs $5 to make or accomplish something, and you can just offer it for $2, it won't work out. Similarly, in the event that it takes 10 hours to make or help out $3 and you just can offer it for $4, at that point it won't not be justified, despite all the trouble.
3.Successful organizations have items which can possibly speak to numerous
It's a considerable measure less demanding to influence your business to work in the event that you have an objective market of 10 million individuals versus 1,000 individuals.
4.Successful organizations are in business sectors where they have an edge and the abilities to succeed
Center is enter in anything a man or business does. Attorneys wouldn't begin doing charges since they don't know bookkeeping laws. That is the thing that bookkeepers are for (and the other way around). For instance, relatively few organizations are endeavoring to fabricate web indexes on the grounds that Google makes such an astounding showing with regards to ordering and serving seeks (and to get the point where an organization may even have a shot, they would need to burn through a huge number of dollars to get the correct ability, equipment and programming set up.
I would add from my own experience of business owning, never think that you have already agnowledged everything and you dont need to learn!
Most businesses are successful because the people saw a need in their society and decided to meet it and when that happens, you see that everyone needed that product or services always patronize it.
I would add from my own experience of business owning, never think that you have already agnowledged everything and you dont need to learn!
if you are doing a job you do not know You should accept that you are taking the priority risk then the work and the history and the sales policy The lower the prices of our business should be so high that you are always in a job you do not know is inevitable
That’s why there is a saying that goes on to say that when your hobby is a business you can make it a success because you are always happy doing something that you really love.
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
I love the idea of Seeking a friend or partners atleast if you failed you have someone to cry for together .
But nice views on opening a business,i guess you a good business in real life op?would you share some business type to open since you have a experience on those?im planning to invest but im not that good about it
if you are doing a job you do not know You should accept that you are taking the priority risk then the work and the history and the sales policy The lower the prices of our business should be so high that you are always in a job you do not know is inevitable
That’s why there is a saying that goes on to say that when your hobby is a business you can make it a success because you are always happy doing something that you really love.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
Before you start doing business, you must make an analysis first, because by making a first analysis is very good for your business, and can help to the success of your 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
Before starting a business, you should have knowledge to run a business. You should know that there are always competition in the business world. Even if that is a small business, you can succeed if you know how to deal with challenges. You should have swot analysis, you should maximize your strengths and anticipate threats to your business. You should also know where is your weakpoint so that you can prevent that as early as possible. 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
if you are doing a job you do not know You should accept that you are taking the priority risk then the work and the history and the sales policy The lower the prices of our business should be so high that you are always in a job you do not know is inevitable
That’s why there is a saying that goes on to say that when your hobby is a business you can make it a success because you are always happy doing something that you really love.
I think you should open an youtube channel regarding btcs and their applications. You are good at explaining for sure
you may to add in your list is start bussines from what you like, so you can enjoy that bussines.
I think starting a business is good and not too risky unless you do not know the things you need to do before and during your business.
The only thing you should do before starting a business is to learn business and learn what you can do in your business that can generate higher returns in the future.
Definitely, these are the useful tips, we are living ina 21st century and now things are going to transform like never before. The process of transformation will start with the evolution of Industry 4.0 and that would be the biggest challenge for the unskilled people. In this new era, money would not be the prime factor of business, in fact, money would not be the actual money, I believe that knowledge/information would be a new form of money. Thus, we will see most of the business will not follow the traditional models of making money and the new experiments are going to disrupt the economies around the world and let's hope, it will bring a positive impact on our lives.
Many people now want to have their own businesses but they do not have brilliant ideas about starting and running a business.Business has a lot to do than just desiring for the flashy aspect.You need to have a clear concept and be willing to make millions of sacrifices to be able to get the business on the feet.
Even if this post was published 2017 I don't know why but I haven't read it is most realistic and interesting post that I've read today. I'll be starting my own bussiness soon, so I really enjoy reading this post and comments here.
To start a business the followings needs to put into consideration,namely: location of the busines, addressable customers, marketing strategy, etc
Well, you should think about the situation before you start your business, for example: is my money enough? , is the business I'm about to do in the present day, should I be out of place to see the products I have ?, and one would think if you could spin the money you now hold
The simplest answer is to check that you study carefully so that you will not be able to side by side in your every decision.
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