5 simple tips to keep in mind before starting a business

[Kennysplash]

1. Capital: A business man should know that there are two types of capital: financial and human. Financial capital is the money that is needed to start a business, while human capital is the skills, knowledge, and expertise that are needed to run a successful enterprise. Do you have your capital ready?

2. Goals: In order to succeed in business, one needs to have clear goals in mind. These goals should be measurable and achievable. There needs to be a clear understanding of what the company wants to achieve within a certain time frame. The company should also understand how much time it will take for them to reach their goals and what resources they need in order for this process to happen effectively. What do you want your company to be like in 5 years? How much capital do you need? What are your long-term goals? What is your short-term goal for the first year?

3. Resources: In today's day and age, it is not enough to just have a good idea. You need to have the right tools and know-how to get your business off the ground.

4. Deciding on a name: Make sure that your name is catchy and memorable. You should also make sure that it does not infringe on another company’s trademark. If there is already a company with the same name as yours, you might want to change yours.

5. Getting your work or office space: Where will people work when they come into the office? Do they need desks or will they be working remotely? These questions are very important and requires deep thinking.

 

[Jasz]

Nice thread. You should also look into these important steps.You're about to start a business, and you're pumped. You've gotten everything organized, and now it's time to get started. But what are the first steps you should take? Here are a few simple tips to help get you started:

1. Get some business cards printed. You don't need much—just something with your name and contact information on it in case someone wants to reach out to you. And if they ask for more info? Write it down.

2. Set up an email account for your business. It doesn't have to be fancy—just something that's easy to use and is set up so people can easily contact you.

3. Start building a website for yourself or your company (or both!). This will be helpful when potential customers want more details about what they can expect from your product/service/business. Plus, it gives people who may not know what they want yet an easy way to find out more information about what you offer (which could lead them down the path of buying from you).

4. Create some social media accounts for yourself (and maybe one for your business too!). Social media is huge these days.

However, it's important that you find out if there are any barriers in your way. For example, if you're planning on selling products or services online, you'll need to know whether or not your target audience has access to the internet or if they prefer to use other forms of media such as television or radio instead. Finally, make sure that you have enough money saved up so that you can cover expenses while starting up your business.