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Business strategy
Things You Should Consider Before You Invest In Start Up Business
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[QUOTE="Rachael, post: 244441, member: 68963"] Before investing in a start-up business, there are actually many things to consider based on your order of preference. To me, the first thing needed is the motivation. Yes, motivation is very important and speak volume in any sphere of life. If as an individual, you have the urge to begin a business but you are pushed merely by the profit, sooner or later if you face some challenges, it is only normal that you might keep changing your line of business. Motivation before starting a business gives you a direction and a sense of confidence that no matter the challenges faced which of course is inevitable in any business must have solutions. Secondly, the business idea should rhyme with your passion and it should be feasible enough in such a way that, it can solve the needs of the people in the location in which the business operates. Thirdly, you should be able to assess your target audience. It is a flaw to consider that virtually everyone is your target audience. Finally, the source of funding should be available ad secured. The potential business owner should be disciplined in managing funds and also be professional when dealing with customers. [/QUOTE]
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