Yugocean
Valued Contributor
Many ideas for trading are taught in business schools, and many books are written on different ideas. But behind these ideas, everyone has their own experience. You will also get ideas from your experiences, but the beginning will be from understanding the technology. This is the first step.
You need to find out what the arrangements are for what you are going to do before starting the business. You will take a risk if you do not understand this. Study your needs and know the facilities available.
For examples - if you want to start a factory, then find out for which products there is cheap labour available, what products get licenses easily, or get an exemption from the requirement of a licence. Producing what is exempted from tax by the government? Whose machinery will you easily find? Which product is in great demand in the market? Which product has less competition?
You need to find out what the arrangements are for what you are going to do before starting the business. You will take a risk if you do not understand this. Study your needs and know the facilities available.
For examples - if you want to start a factory, then find out for which products there is cheap labour available, what products get licenses easily, or get an exemption from the requirement of a licence. Producing what is exempted from tax by the government? Whose machinery will you easily find? Which product is in great demand in the market? Which product has less competition?