Ideas on how to chose and manage business

[Mastergp]

Management of business require commitment, understanding and experience one can not set up a business he or she can't manage or understand,
Before one chose a business he needs to acquire skills related such business he is trying to venture in.
Another thing one need to bear in mind when managing business is to chose business that best fit the capital use to start up the business. And one also need to know ways to solve problem when one arise in the business.

 

[Augusta]

You have mentioned the core things that one needs to carry out a business effectively and that's all that is needed. People talks a lot about money but at the end of the day it isn't money at will ruin the business but lack of effective running of the business.
To run a business you need to first get the right knowledge because you might have the money but putting this money into a business you know nothing about will only land you in distress because you have thrown the money into what you can't run to success.

So you would need patience , consistency and smartness to run any business. Another thing beginners in business need to know is that they need a mentor. These are people that have been there and have done that. So they have the right knowledge and information that can help newbies excel in their businesses.

 

[btaliat]

Managing a business is not a day's job. In fact it should be borne out of passion and not really because of money. This is the mistake that most people that want to start busineses do make. They are starting their business with the sole aim of making money and not really because of passion.

The first things is to plan on what to sell. One cannot just decide to be selling or start any business without consider what he or she wants to sell. This will be motivating him or her and also gives him direction on what to do.

What we will sell should be borne out of passion for hr business, observation from our environment or may e inspiration. And sometimes it may be because we have consulted some experts on business that have advised us on what to do.


Another thing is that we need to make sure we have enough money to start up the business. It is not a joke that we will always need for many reasons when we set up business. So there must be enough money when we start the business to cater for whatever things that we may require while running the business.