Tips for successful business

[Richard92]

Another key to business success is inculcating the habit of minimizing how much we spend on liabilities that do not help us to generate money. This helps to have more in our assets column.

Most tips you have to apply another to make your business successfully is to always have a plan and maximise and minimise your capital.

 

[Setho]

It is very true that you need a very resounding discipline before you go to any business and one of the ways that you can achieve this is by looking for someone who has done it before too mentor you.

 

[Sotherefore]

With capital alone you might not succeed in business if you do not have what it takes to run or manage the business, the business will fail within a short period of time.

If I am learning a skill I need a capital first to pay to learn it, from there I can understand what I am trying to do, I just believe that with money people will be very much interested to know and understand what it takes to run the type of business they are interested.

 

[Senator]

Yes it is true that with capital alone at your disposal to start that business, you might fail in it if you have neither skill nor knowledge to run that business. So, get the knowledge first to run any business

 

[Thinker009]

One important key I know of is to always try out new innovation in your business , if you want to make a business successful , because there are certain innovation that increase your business patronage

 

[Yusuf]

This is really a good business tip from you. As an aspiring entrepreneur or Business owner, it's very important for the person to learn whatever he or she wants to put his or her money into before saying his commiting any money into this business

 

[Bookwormlux]

It is very true that you need a very resounding discipline before you go to any business and one of the ways that you can achieve this is by looking for someone who has done it before too mentor you.

This is sure going to make things more easy seriously, as it is not easy for an individual to just decide to learn anything on their own.

 

[kayode10]

Learn how to make other people's time and other people's money to your advantage. You are using other people's time when you are hire them to do the tedious work for you. You are using other people's time when you take money from investor to build up your business.

 

[Alexandoy]

Learn how to make other people's time and other people's money to your advantage. You are using other people's time when you are hire them to do the tedious work for you. You are using other people's time when you take money from investor to build up your business.

I agree that we are using the time of our workers or employees that we have to be considerate when it comes to compensation. There is a saying that you can succeed in business if you love your business. Loving your business means also loving the workers that you have to consider as partners.

 

[Hena101]

There are many tips for successful business, but the first and foremost is to have the plan of the business and the capital required to execute it.

 

[kayode10]

There are many tips for successful business, but the first and foremost is to have the plan of the business and the capital required to execute it.

This is the the reason why most of the venture capitalist always advise a new startup entrepreneur to get a business plan for their companies. It is pretty much easy to convince a potential investor when you have a well-written business plan.

 

[Setfragil]

If I am learning a skill I need a capital first to pay to learn it, from there I can understand what I am trying to do, I just believe that with money people will be very much interested to know and understand what it takes to run the type of business they are interested.

The money that you have to learn a skill is not capital. The money available at your disposal to use for a business is what is called capital. At times you will have capital but you will struggle with ideas to establish a business.

 

[Sotherefore]

The money that you have to learn a skill is not capital. The money available at your disposal to use for a business is what is called capital. At times you will have capital but you will struggle with ideas to establish a business.

It depends on the type of business ,if it is an online business that is the capital because after you have learn the required skill ,you may not need so much money to start up anything again, this only happen in off line business.

 

[Shigobad2020]

A good business plan and a good and proper business management is one of the best tip for a succesful business, a bood business plan always have a positive impacts on the business when its been initiated.

The best tips for a successful business is to have a plan and also good Management with these you can be able to be successful in your business.

 

[Grandeur]

Really important points, if I would add anything it would be to butress your first point, learn first earn later. Each business or venture need to pick up from somewhere so one would do good to learn how best to earn

 

[Senator]

One important tips for you to take not of in business is that you must or should be able to always have something to trade. Be it services or products sales. Just have something to bring to the table for yourself

 

[Razor1911]

Really important points, if I would add anything it would be to butress your first point, learn first earn later. Each business or venture need to pick up from somewhere so one would do good to learn how best to earn

That's the ultimate mantra. It becomes easy to earn when we have adequate knowledge about the subject we are dealing with. For every newbie trader it is important that they should learn first.

 

[Setfragil]

It depends on the type of business ,if it is an online business that is the capital because after you have learn the required skill ,you may not need so much money to start up anything again, this only happen in off line business.

No matter the type of business that you do, the money you use to finance your business is the capital. Even on online businesses you will still have to invest or buy some equipments to do the business, that's the capital.

 

[Sotherefore]

No matter the type of business that you do, the money you use to finance your business is the capital. Even on online businesses you will still have to invest or buy some equipments to do the business, that's the capital.

Ok I understand your point now, then how are we going to raise money that is needed for us to start up a business, most times people always advise us to get a loan but I believe it is not the best option.

 

[Setfragil]

Ok I understand your point now, then how are we going to raise money that is needed for us to start up a business, most times people always advise us to get a loan but I believe it is not the best option.

The business that you intend to do will determine how you will source capital for it. If you do not save any amount of money, you can take a loan to finance it.