What is the number one question to ask yourself when you are thinking about opening a business?

[CeeJase]

Business location matter very well for me when it comes to setting up a new business because it's going to be instrumental to the success of the business.

 

[Dagm1]

When you're about to start a business, you'll have a lot of questions. Before you begin, you may wonder how you will manage, when you will open your business, and how you will attract customers. Because everything is difficult at first, but after that you will be able to manage everything.

 

[Toyoabasi]

At some point or the other we have all had the thought to open a business based on what we think will be profitable within our region. And at that point that we talked about developing a business they were serious questions that crossed our mind. Some might ask themselves about the profit that they are able to achieve from their business, whilst others will ask themselves about what business would be the best for the area that they are in. These questions of course will continue to vary depending on the person and what their desired outcome of the business is. In my opinion I believe that these questions are goal-oriented.

However, I think that the first thing that we should ask ourselves when opening up a new business is how committed am I to this venture that I am going into? To a large extent our commitment to a certain venture is what determines its success or failure. Therefore, if we are able to answer this first question there may be a lot more potential for us in developing a business even if it does not go along the path which we initially planned.

What were your first questions to yourself when you consider the opening of the business?

The first question I ask myself in such a case is how much funds do i have for the business startup?
I may also ask myself...
Is the business strategically positioned?
Do I have a target market?
What profits do I intend making weekly?
Are my products high demand products?

 

[joy101]

When starting a business you need to ask yourself question about the kind of business you will start that actually bring people to your business.

 

[Sotherefore]

You only have to ask yourself if you have all the money that will be needed to run the business because money is always the most important thing in a business followed by a good understanding of what the business is, with this 2 there is 75% possibilities of succeeding.

 

[Adecyptii]

You are right by saying that,I totally agree with you,but also when opening any business one has to make sure that the reason of opening the business is to get profit at last.

 

[Lucy ID]

Before you start a business you have to ask yourself if you are ready for no matter what happened and how it's will go, if you have the necessary things to start, the right people to patronise you and a lot of other things

 

[Nomad]

The main question to as is what if I fail. If you don't have a proper answer, you should never attempt to do the business. You need to know how you can come out of debt when business fails

 

[HayKay]

In opening a business, the first thing I consider is what need is the business meeting? Once my business isn't meeting any need, it shows I'm just there to occupy space and I'm not positioning myself strategically to gain the best from my market or carve a niche for myself.

 

[tyrim88]

As we know that we are starting a business because will want to be earning a money. So as we are thinking about to start a business we would have already thinks about the money we are going to making. But as for me the first thing that usually come to my mind if I want to start Business is that how do I get a customers to patronize me.

Getting a good customer aqusition strategy is very important,but commitment towards delivering a good product is very key.Our main aim is to always seek a way towards solving genuine needs with the best of approach couple with a touch of professionalism,with this customers will naturally come.

 

[Ghost]

The number question I ask myself, I believe it would be number 1 for most people would be how much profit do I stand to get. Profit making is the sole reason people go into business

 

[kayode10]

I think about solution to the problem facing a lot of people around me. I think of a better way to solve their problems at a reasonable price. I also think of how I can make myself stand out among the competitors in the marketplace.

 

[Sincerem]

Before starting a business it is best to ask your self about the goals you intend to achieve in the long run and the impact you want to make on the society and the customers which human related problems are you going to solve with the business you are venturing into.

 

[LadAckerman]

These are questions that run through my mind. How much cash will I have at risk?
How much time will it consume?
How much energy will it take? Do I currently have other obligations that will prevent me from giving the business 100 percent? Would there be a much better time for me to start a business other than now?. It's not only one question.

 

[Shigobad2020]

The number one question you need to ask yourself before starting a business is that, "am I fit enough to run The business,"? Did I have what it takes , i mean the amount needed to start.

 

[Sotherefore]

The most important question I will ask myself will be how capable I am to manage the business. I put this into consideration when thinking of establishing any business.

 

[Shigobad2020]

Thats the number one question you need to ask yourself , am I capable of handling this business alone without anybodys support ? Did I have enough fund and resources to start the business.

The most important question I will ask myself will be how capable I am to manage the business. I put this into consideration when thinking of establishing any business.

 

[Sotherefore]

Thats the number one question you need to ask yourself , am I capable of handling this business alone without anybodys support ? Did I have enough fund and resources to start the business.

I don't see the need for me to still ask myself if I have enough capital needed to establish the business. Someone who is going into a new business have to research and also to know the right amount of money needed to establish a successful business .

 

[Shigobad2020]

I don't see the need for me to still ask myself if I have enough capital needed to establish the business. Someone who is going into a new business have to research and also to know the right amount of money needed to establish a successful business .

You might have some money kept yo start your business as the start up capital but after having your business plan and making a research survey concerning the amounts needed for the business, You might later realise the money you have at hand is not enough to start the business.
What I am saying in essence is that you are not sure about the amount needed to start the business until you do your estimation.

 

[Kelly5]

If you're thinking of opening a business, the number one question or first question you should be asking yourself is what type of business are you actually intending on going into or starting? If you can answer this very simple question, that's a stepping stone ahead in actualizing the business.