Steps to consider while starting up a business.

[tray59]

Many go into business just like that without doing the needed and end up falling or failing. Before starting a business you must have a good knowledge about such businesses and most importantly have a mentor in that area too to help you along the way

Knowledge is the first thing which anyone need to have while starting a business,infact let me tell you something before you even start a business there are some basic plans you must have for your business such as how will the business grow in the future and how will the location which the business is being sited affect your business then calculate and know how to spend your profit

 

[Toyoabasi]

Most importantly a business plan should be laid down, seek professional advice from experts and learn to be disciplined if your not. Can you share more lights on this...

Before you start any business, it is important to do your research and get to know the rudiments of the intended business before even writing a business plan.

 

[Laurentta]

First thing that is needed when starting up a business is a business plan. Things rarely go smoothly without a plan. A good business location should also be considered.

 

[Lucy ID]

Before starting a business there are many things that should be done but launching out, first you need a good research about the business all it entails, then a good business plan on it and have a connection or communication with someone who is already and successful in the business

 

[Nomad]

If you want to start a business, you need to check whether you actually have interest or not, also, you need to see of you have relevant skills and knowledge. A lot of people start a business just because they see other people making money with it. This is wrong.

 

[HayKay]

As much as that's important, I feel that one of the very important things to do is to carry out a proper feasibility report that's a good assessment of how successful the business would turn out.

 

[Toyoabasi]

The most important thing you need while starting up a business is your business plan, this plan will set out how you intend to start up your business, who are your customers, how will they influence demand, how to source for funds, if you can have a clear picture of all this, then I believe you are almost there

Yes. Drafting a business plan is the first step because all other factors to consider would be embedded in the plan; capital for the business, target audience, how to deal with risks and opportunities, business location, etc.

 

[YERUS]

Most importantly a business plan should be laid down, seek professional advice from experts and learn to be disciplined if your not. Can you share more lights on this...

You have mentioned important points.
A business plan should always come foremost, it would act as a guide to the potential business owner.
It is also good to learn from those experienced in the same field or line of business, get a mentor if possible.

 

[Ononivami]

Before starting up a business, you will have to know about the pros and cons of the business. This will project you for a successful business journey. You should also get mentorship.

 

[tyrim88]

Professional advise I important to get the right step to follow and also it should also be planned the following, what to produce, how to produce and for whom to produce, if a company gets this right then it should start well with proper planning.

Post automatically merged: Jun 20, 2021

Professional advise I important to get the right step to follow and also it should also be planned the following, what to produce, how to produce and for whom to produce, if a company gets this right then it should start well with proper planning.

That aspect of mentoring is very paramount and key,because ones you get good mentoring,you will be avioding some mistakes in the business.Then the aspect of financial management is very important,as one will need to balnce his income and expenses very well.

 

[Syldan]

The first step requires to start a business, is mentorship that's having someone whom you will look up to in dealing with your business as to more experienced than you in the field.
Before starting a business, you need guidance from someone who is more experienced in the field than you to helped put you through after which you invest the resources you have for the business.

 

[Bookwormlux]

Go for the service or goods that are on demand in your target market. This is what would be sufficient to help you to get along and not be running into losses always.

 

[Syldan]

Market surveys is very important because that will helped you to know those kind of goods that are needed by the society and how they can be served to meet up the needs of the people.

 

[Robust]

To me the first thing one needs to do before starting a new business is: Capital, follows by location, follows by type of product ( it should be what the customers want) and any other ideas come later.

 

[Syldan]

I think the first needed to start a business is knowledge. you are expected to make a study and evaluation about the business and the market. that will give you enough insight on how to plan and raise capital for the business.

 

[Castelione]

Yes, whatever plan it is, still before you start a business, planning is essential. Know everything you need in the business that you want. Just like you cannot drive a car if you don't know how to drive.

 

[Syldan]

Actually it's not advisable to go into any business when you dont have knowledge a out the business. knowledge helps you to know how you can plan best to start the business and so also budgeting.

 

[Lens]

The location of the business should be taken very seriously and that is basically what is should be taken into cognisance.. then, one should come up with the best business plans.

 

[Sincerem]

Here are some of the things you might need to consider while setting up a business:-

1) Location

2) Amount of money you are willing to invest

3) Hiring employees and setting up their pay structure

4) Analysing the profitability factor

5) Planning properly and preparing a proper marketing strategy

Location is a really important factor you need to consider before starting any business as this has a very important role to play in terms of the kind of patronage you will be getting in the business.

 

[Ononivami]

The Steps to consider while starting up a business is also of utmost importance for the success of the business. One of the important steps is a have a result oriented plans on ground.