What are the steps to successfully starting and managing your own business?

[Ofonime6]

I agree with you because from what I see I think that employing someone to manage your business for you is not bad but when you are doing that then you need to try and employ someone you know because he is going to deal with the financial aspect of your business

such fellow must be a God fearing type a person who wont do away with your money,
so I think that there is absolutely nothing wrong with that.another thing is that you must monitor the quality of his transaction to ensure that he dosnt missuse the company money

 

[Sincerem]

Yes understood, at were I am. Even if you can not handle a business well, you can employe someone who will try best to make sure your business grow and manage the running of the business.

Well I don't know how you want to do it, I don't know if it is advisable for people to hire other into a business they can't do on their own. I can only hire people into a business I can do perfectly on my own.

 

[tray59]

To manage your business you must be a good risk taker and you must also be so deligent and commited to what you are doing,you must have a good business idea and plans.

You must know how to recycle the little profit that come your way for you to earn more

 

[tyrim88]

Very apt I must confess. A lot of business owners today just go into business because they see others profiting not thinking about the work that's involved while majority of existing ones don't have a roadmap and thus are outdated in running their business.
A lot of work goes into managing a business, including planning, experimenting and measuring various indices.

That is the reason you see lots of business that have been for a very long time without a delibrate plan to move to the next level in the life span of the business,this could be as a result of lack of fresh ideas towards the business.

 

[Good-Person]

The best way to start a business is to create a strategy and analyse the business idea properly before investing money. Many people make the mistake of investing without thinking.

 

[tray59]

To start and manage your own business I think that the best and the first steps is for you to try and know when to reinvest your profit.

When you make profit dont just use it rather invest it for future,

proper planing control and technical know how of how your business work can be additional advantages

 

[Chibson]

before you venture into a business there are two things I consider very essential. One of it is idea and proper knowledge of the business and the second one is capital. If you have these two things you can succeed in any business.

 

[Good-Person]

Starting a business is a very good idea but first I beleive that you need to have a good business plan, idea and insight on how to successfully run the business,in this case I think that doing research and coming up with tangible way to manage your business is the best,you can also take loan to start your business if you run out of money

Creation of strategy is one of the main factors that could lead to the success of business. But the main issue is that it is not possible for each and every person to create such kind of great strategy that could help him or her.

 

[Chibson]

Anyone who is serious in succeeding in any business venture must try as much as possible to plan very well. without proper planning and implementation there is no way you can be able to succeed.

 

[Good-Person]

Many good and promising business idea are left in the mental banks of their owners because of the lack of the appropriate approach that should be assumed to successfully bring those ideas to existence. It is quite unfortunate that with the lack of proper information many aspiring entrepreneur are still trapped in the web of indecision whether to implement their ideas or to overlook it and stick to what they are already engaged in.


It is quite evident that starting and running your own business can be a really enormous tasks as one need to put in place a working system whereby his or her business can thrive which includes proper planning, availability of capital, proper location and promotion or advertisement. In cases where capital is not available the individual is then faced with the problem of convincing prospective investors to invest their funds into the said ideas.

A good approach to all this cumbersome but yet easy task is to first draft out a working plan, when this ideas come in the individual should go through a process called planning this would include all the visions and goals, the amount needed, the targeted audience, the products or service to provided and also it's location, this would help the individual approach every problem with a sense of direction and purpose.

The very first thing you may need is capital. You may have a lots of time to think about how you would start a business, but you have a very limited amount of time in your life to generate enough capital to make money.

 

[tyrim88]

The first step is to make sure that you acquire as much knowledge as possible from the right sources as this knowledge is what has the capacity to sustain and grow a business.

Knowledge is very important in the business one want to go into,because lack of adequate knowledge can lead to great loss in the business,and also the managerial and financial skill to manage resources is another.

 

[tray59]

The first thing is that you must have knowledge and skills about the business which you venture into if you dont have the knowledge and skills then its going to bring down your business.

Constant practice and seeking knowledge from the existence business personal is always another key for that.

 

[Chibson]

The first thing is that you must have knowledge and skills about the business which you venture into if you dont have the knowledge and skills then its going to bring down your business.

Constant practice and seeking knowledge from the existence business personal is always another key for that.

Anyone who does not have enough knowledge of the business he or she is going into is not going to succeed. That is why it is important you take enough time to learn the necessary things if possible go into mentorship.

 

[Potuse]

The step to take to successfully launch your own business is to get yourself the needed knowledge around the business. It is going to be very critical if you do not have a good knowledge on the business that you about establish. It could make the business crumble.

 

[Good-Person]

The very first thing you should do is trust Allah Almighty and try to gain much knowledge and information about the business you intend to start. This is because it is a really unwise thing to start a business without having the right amount of knowledge.

 

[Popular]

There will be a need for a mentor who you find their own method of operation appealing . Making plans on how you want yours to be too and possibly listing the obstacles you might likely encounter and finding a way around it.

 

[Setho]

1. You have to identify your business idea and when you want to start it in the first place.
2. Plan for how you are going to execute it including funding and marketing.
3. Is that the actual business and then make preparations to it and incorporate technology.

 

[Danny4cash]

Acquiring knowledge is the first important step in starting a business. I can't start a business without getting knowledge about it. The reason a lot business fail is because they don't take time to learn it's rudiments.

 

[Honny143]

Run a business successfully needed a good business plan determination plus hard work, I have noticed some peoples in my surrounding they have a good plan, but they are not working hard, as much the business needed, so now they are closed their business.

 

[Shigobad2020]

Consistency and dedication is the key to starting and running a succesful business either online and offline , you need to have a good business plan and be determined