What you should know before starting a business

[Ayuba Ernest]

Starting a business is not for the faint of heart. It takes a lot of hard work, dedication, and tenacity to get a business off the ground. Before you take the plunge, make sure you understand the basics and have a clear idea of what you want to achieve.

There are a few key things you should know before starting your own business.

Firstly, it’s important to have a clear idea of what you want your business to achieve. What are your goals and objectives? What can you realistically achieve in the short and long term?

Secondly, you need to have a good understanding of the market you’re entering. What needs does this market have that aren’t currently being met? What is the competition like?

Finally, you need to have a solid business plan in place. A business plan is like a route which leads and guide one towards achieving one goal.

 

[Bard Racheal]

If you are blessed with money,it is really easy to start up a business.

But, without putting your thoughts to how that business will be managed and nurtured to it's growth,is one of the main problems people face when it comes to erecting a business.

Your business plans should start from the scratch.
The plans should start from the very time you haven't started at all.

If you go ahead to start a business,just with the advice of your friends who may not have the knowledge of how a business should be; you won't be getting it right.
And when you happen to start it up,then you get to notice that you did not lay the proper foundation meant for such a scope of business; it may seem hard to fix it at that point in time.

Now, you got the money to start up one,and you do not have any idea of how to start where to start it, even to the point that you don't know the kind of business you want to embark on; it will be best if you catch up with a business counselor. Yea,a good one.

The main point is,so you can have good ideas of what you are embarking on, and how to go about it.

 

[eldavis]

I believe the first thing one should pay attention to when starting a business is to actually learn about the business. Does the business requires you learning a particular skill? Take your time and learn all that there is to learn about the business, cause if you do not have proper knowledge about the business you are about to go into, it would be impossible to know the full potential of the business, hence stating a clear plan of what you hope to achieve might not be accurate.

 

[blessingc]

Before starting a business there are alot of things one need to out into consideration. To have a successful business, you need to be prepared, you need to make a good business plan. A plan that can help you know know your way around when you get confused or you go through some set back. A short and long term plan is very much important.

You should consider the environment you are about starting up your business, what do the people there want, what are they interested in, what business will be a boom in such an environment. before having a business in a particular environment, knowing the safety of that environment for you business will help alot. An environment with high crime rate will hinder you from having as much customers as you ought to due to the fear of them getting entangled with the crises the environment breeds, so you need to keep that in mind. Also, check out the road, if the road is good and can be easily accessible to customers and investors. Check also if you have a big competitor there, if there is a company or business in that environment that deliver same goods and services as you are to deliver and your business is small you might loose all your customers to them.

Having capital is the number one, you need to have the capital to start up the business, borrowing is a NO to a business start up. It is not advisable, it is not a good thing to lay the foundation of your business on borrowed money, have a capital before starting up a business.​

 

[btaliat]

Starting up a business is not s child's play. There are many things to know before we start our businesses. The more we know, the more we make as business owners. The major reason why some people don't make ad much they need to make is that they don't really know some facts before starting up a business.

The first thing to do is to know the reason why we want to start the business. There are many reasons why we need to start a business. While some may want to start because they want to make money, others want to make to be independent. We need to also know what the business will be all about. Is it problem solving or maybe we want to have a business for satisfaction of customers.

Then we need to the market segment. This can be done by going to the market for some surveys. We need to know the people that we want to focus. We should realize that nit everybody will patronise us. So we need to know how to make sure we captivate those that we see as our potential buyers. We can do this by putting in place advertisment and marketing.

 

[Holicent]

Starting a business is hard, but it's also worth it. It's difficult to know where to start and what to include when you're laying the foundation for a success that could last a lifetime or fizzle out after a few months. The question of which resources are necessary to get your company up and running is also something that can be challenging to answer, especially if you're bootstrapping the whole thing and worried about spending money in areas that aren't vital.

That's why we've compiled this list of the top 5 things you need before starting your business:

1. An idea

2. A business plan

3. A mission statement

4. A budget for all of the above (this includes additional costs like legal fees, marketing expenses, etc.)

5. A plan for how to implement all 4 of those things Listed earlier.

 

[allison001]

There are so many things we must put into consideration before starting a particular business. We have so many profitable business in which we can indulge ourselves in. A lot of business owners find it very difficult to grow their business because they did not plan ahead before starting the business.

Before starting a particular business about choice, we must first of all know how the business works, how we can operate it in order to make profit daily, workers needed for the particular business to move and grow faster.

Another important thing we must put into consideration before starting a particular business is the location. Location has an important role to play in business establishment because this will determine your sales statistics daily.
Establishing your business in a crowded area will surely boost your sales and as well bringing or generating more income.

Sometimes we do loss during the process of generating profit from a business, so before starting any business you must have this at the back of your mind, some days are good some days are bad, so you must prepare for the loss.

We must put all these things into consideration before starting any business of our choice.

.

 

[Bluejettravel 70]

Starting a business is not for the faint of heart. It takes a lot of hard work, dedication, and tenacity to get a business off the ground. Before you take the plunge, make sure you understand the basics and have a clear idea of what you want to achieve.

There are a few key things you should know before starting your own business.

Firstly, it’s important to have a clear idea of what you want your business to achieve. What are your goals and objectives? What can you realistically achieve in the short and long term?

Secondly, you need to have a good understanding of the market you’re entering. What needs does this market have that aren’t currently being met? What is the competition like?

Finally, you need to have a solid business plan in place. A business plan is like a route which leads and guide one towards achieving one goal.

Starting a business is not for the faint of heart. It takes a lot of hard work, dedication, and tenacity to get a business off the ground. Before you take the plunge, make sure you understand the basics and have a clear idea of what you want to achieve.

There are a few key things you should know before starting your own business.

Firstly, it’s important to have a clear idea of what you want your business to achieve. What are your goals and objectives? What can you realistically achieve in the short and long term?

Secondly, you need to have a good understanding of the market you’re entering. What needs does this market have that aren’t currently being met? What is the competition like?

Finally, you need to have a solid business plan in place. A business plan is like a route which leads and guide one towards achieving one goal.

First of all be careful to much scam out there, take a background check, the cost, what is the leadership like, is it the pyramid scam?

 

[Kendy]

Before starting a business, there are many things that should be known. It is unwise to venture into a business due to its popularity without even accepting the feasibility behind the business. At times, we pass by and we see that a particular business is flourishing and all that comes to our mindset is the progit that is been accumulated by the business owner without realizing that there are certain challenges and risk involved in the business. Some people even go as far as taking up loans without even having a back-up plan to solidify for incase of unforeseen circumstances and in turn they incur bad debts, that's because of lack of research and lack of creative skills.


As a potential business owner. Firstly, you need to look out for the demabds that suits or tallies with the target or specific audience. You do not go around doing a business in which would not solve the needs of a particular Society which you want to venture. For instance, if I'm in Africa and I am selling tampons believe me, it will not sell as much as if I were in the United States of America selling tampons it will move but in Africa, we have been so use to making reference to sanitary towels and as such any business owner that sells sanitary towels would make more than someone that is selling tampons in the same African setting.

 

[Rachael]

Many people rush into starting a business and just the same way they rush in, they also rush out. Before starting a business, there are certain decisions that should be kept in place before the main deal. Setting up a business and ensuring its sustainability is not a day's job and it requires a whole lot of; commitment, hard work, perseverance and adequate motivation. There is no business that can thrive if the business owner involved does not have something which inspires him or her to keep the business moving.


In my opinion, when you want to start a business, you should not just rely on hearsay but go deep into further investigation and also look for ways in which you can also stand out among the competitors. Businesses today is very competitive and it you are not creative enough to attract the audience, it would suffer decline and all the blame would fall back on you. The capital should be available which is very important, the location plays a very important role either offline or online, the strategies employed and also the services rendered to your customers should not decline if not, they would look out for other competitors.

 

[Flow-er]

Before starting up a business you need to so many thing to be put in place and those things that you needed must be profit oriented ideas just like what you pointed out in your thread. you must first have a clear idea of what you want to do before you venture into it. you cannot act on instinct and just watch to see if it will be a successful one . you must be able to picture the business that you want to venture into in your heart and look for ways to materialize it. At the point of picturing it in your heart , you must have had plans already on ground on how to materialize it. There are so many business ideas that will not be easy to turn into real life business but you will have to look for a way around it or better still you get an expert to explain your ideas then you'll be able to interpret it to a real life event. This is the basics of how to establish a business and it is also very important to ensure that you get your hands on businesses that you know very well.

 

[TOZZIBLINKZ]

First and foremost that is absolutely something you must understand before intending to establish a business or before intending to implement a particular business idea of yours . First of all you must understand that is absolutely a different thing to establish a business and is absolutely a totally different thing also to facilitate and manage a business . Establishing a business could be easy possibly because you have the requisite and sufficient capital to do so but managing and facilitating a business totally he needs creativity and their right mind attitude . Secondly you must understand the business have series of risk and to be able to pass this risk you must indeed be creative so as to support our business areas and activities that may lead to business mistakes and errors .

Finally you must understand that the ability for the business to be successful totally depends on how the customer service of a business is . Your business customer service must be actually very conducive and appropriate for the existence of customers and clients to come in and to go out . And also the goods or services that you sell or render must be of high and well valued quality so as to win over your customers loyalty and trust .