Business Ideas What to take seriously before starting business

Ridorz

New member
Many people want and wish to have a own business when they have a capital, but there are some things that you have to take seriously before you start a business if you want the business to run successfully, and I will like to elaborate the things. Firstly, you have to take knowledge or Idea seriously; it's very important to have sound knowledge about a business you want to start or establish, because business is not a what you can jump into without having a knowledge/Idea on it, if you do not want to lose your money.
Another one is PLAN; before you start a business, you have to make a strong plan because plan is a foundation of a business, if you no make it and take it seriously your business will collapsed.
Then research; This is the another the main thing to take seriously before you start a business, you have to make a good research in which to know the suitable/appropriate location for the business you want to start, because every businesses have the location that good for them.
 

btaliat

VIP Contributor
Business is not just what one can go into just because there is enough money for it. It goes more beyond money. There are many things to take care and pay attention to to make sure there is proper management of the business.

There is need to pay attention to the competition in the business. An intending business owner must know the importance of those that are likely be in rivalry with him for selling the same thing. Ways to figure them out and how to fight against them must be one of his ambitions

There is also need to for a business owner to pay attention to time. Time truly is money, there should be more reasons why a business owner must pay attention to time while managing his business.
 

PICKFORD

Verified member
Before starting , establishing , or opening a business there are various factors do you have to put into consideration. A lot of businesses fail to put some certain factors into consideration before establishing or implementing business ideas such businesses are set to not be up for a long time thereby leading to shut down, bankruptcy, and business failure. To avoid this from happening there are various factor an enterpreneur, a businessmana woman should put into consideration before thinking of opening or establishing a business Enterprise.

Some of these factors are the location in which the business will be cited. it is not compulsory to build a warehouse or rent a warehouse where they are big number of people you know the ones where there are large population of people, but when it come to businesses that satisfy some of the human want and need it is important to put population and location of your business into consideration. For example if you are about to open a sole proprietorship business that deals on groceries it is wise to site such businesses in a location where they are great number of people to encourage patronage.

But if your business is that of agriculture that is wearing of animals like pigs, fish , goat , cows etc, it's necessary not need to be in an area with great population because rearing of animals like this producers cohesive and pungent odour which code destruct destruct the peace and concentration of various inhabitants living in the area.
 

sincerem

VIP Contributor
Do your business plan, have the right capital start up, go for better location if you're operating offline. But if you're operating online and delivering it using a shipping truck or whatever, then location doesn't matter at all. Because you can simply stay anywhere and promote your business online, get the targeted customers to buy your products and drive lots of sales from it. You simply need exposure in your business, if your business isn't well marketed it wouldn't attract customers, that's why you simply have to offer incentive to people who knows about digital marketing to help you out promote your business products.
 

Chibson

VIP Contributor
Starting a business is not an easy journey and anyone that wants to go into any kind of business must have a lot of things in mind and also make a lot of considerations. Many people jumping to different kinds of businesses without having proper knowledge and understanding of how that particular business works and they end up not becoming successful or making any profit.
It is quite very important you to plan very well before you venture into any business because your inability to plan well will definitely affect your business greatly on the long run. some of the things you need to plan on is your location. The location of any business is very important and it can determine if you will succeed or not. the only place where location does not really matter is online business but as long as any offline business is concerned your location is very much important. Another thing you need to determine is your amount of capital. It is quite very important you estimate the size of your business and know the amount of capital needed to start and run the business for some time. You also need to employ competent people because your employees will also have a very big role to play whether your business will succeed or not.
 
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