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

[BrolySSJ]

I once here from a friend who told me that there was a business man who make plans of lose in the business he's yet to launch, and he was prepared for it. But the following this year he was able to gain 3 folds of his capital although he losed some capital the first year

The first year is often the hardest when you are establishing your business, because there is a lot of costs that you may not have planned for or that are unexpected and in that way you will end up in a lower financial position than you were planning. However, with time you often find that if you stick with it the years after that, when your business becomes more well known will be much more profitable.

 

[Azam786]

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?

You're right, but first of all, if you want to start a business, this is the first thing that comes to mind Whether any business will work or not Before starting any business, one should know about it thoroughly Then we need to know where we're going to start and where we're going.

 

[Ifective]

The first question to ask oneself is if you are capable of starting a business and ready to build it to its apex. It is very important to ask yourself such questions because the answer will determine how long you are going to stay in the business, if you will even survive in the business.
Such question will help you know if you are to withdraw or not

 

[Ayokex]

The number one question to ask myself if I want to start a business is "I'm ready to face the to succeed in this business?" This is typical question anyone should ask himself whenever he/she want to embark on anything in life. Asking yourself this kind of question and sincerely answering yourself will always put you in check of the vow you made to yourself whenever you want back down.

 

[Oluwole]

You can start livestock business with your pension, plan ahead your retirement so you will be able to do the business well well, there's money in farming business no doubt about that so with good plan you will succeed in the business

 

[Neeta313]

The main purpose of starting a business is for customer satisfaction and profit making. The first question that should come to your mind is if this business will yield profit. Because the two are closely related, when there is customer satisfaction, you will surely yield profit and if you were able to make profit, its because your customers were satisfied with your products.

 

[Akinwale701]

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?

There are many questions that run through my head, I ask myself if I'm actually ready to do the business, I ask my self what made me conclude and choose the business, I ask my self if in actually ready for all the challenges and everything that comes with doing business and a lot of other stuff like that.

 

[Eodine]

The first question that comes to my mind when I want to start a business is "how far will I go in this business"? When I know that, then I put my time, effort and the resources needed because I know that when challenges comes I will be thinking of where I am going

 

[Veetos12]

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.

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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.

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

The first question that comes to my mind when I am about to open or start a business is how do I raise capital for that business? I know without capital on ground, all the ideas I have flowing in my head are just a waste. I think about how to source for find first before any other thing.

 

[Milz]

Firstly ask yourself what are the plans for your business? Do you have a winning product? Do you have a customer base who are your target audience? Fo you have the financial strength to compete with your competitions?

 

[Olubayo12]

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?

I ask myself if I am ready enough to go into the business, if I am equipped enough to face the challenges that come with starting a business you have not done before, if am ready to tackle and conquer the challenges that lie ahead of me. Those are the questions I ask myself to know if I'm fit or not.

 

[Mostee501]

Before starting or opening a business,you should think of the possibilities of you wanting to do that very business because if your not fully convinced by yourself about the business,then their is no need venturing into such businesses,rather start a business your concentrated in.

 

[Pauljonnes1000]

The first question to ask is 'what to produce' what to produce' is a very big question as iy determine whether what you will sell will be acceptable or not. After that is 'where to produce' and lastly 'how to produce'. All this three question are very important.

 

[GoldenLady]

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 should be to ask yourself if that business is a profitable venture, in the long term scenario.

But I think the most important question before starting a business should be, if it doesn't make you any money, would you still do it?

If you're passionate about it, the challenges won't bother you and you can stick around long enough to see it succeed.

 

[Abu4exel]

In setting up a business, the number one question to ask one self is, how serious am I to carry on with this business and how long will I continue this business for. When setting up a business, what should consider the future of the business, the difficulties to encounter at long run and how re we going to keep strong when it happen

 

[FreshKaz11]

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?

How long will the business last,and what am about to venture into,is it what people want in my vicinity and I hope they could afford to buy my products with the price tag am putting on it. So if you could give yourself a good answer on all that you have no problem in starting your business,and how profitable will what am about to sell is going to be bringing to for me. Because we all start a business in other to gain more profit in it .

 

[BrolySSJ]

The first should be to ask yourself if that business is a profitable venture, in the long term scenario.

But I think the most important question before starting a business should be, if it doesn't make you any money, would you still do it?

If you're passionate about it, the challenges won't bother you and you can stick around long enough to see it succeed.

I think that at the end of the day, not how passionate that you can be about something that you still have to make money from it in order to be able to sustain it and keep it going in the future. That is very important in my opinion.

 

[Princeeffiong]

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.

 

[GoldenLady]

I think that at the end of the day, not how passionate that you can be about something that you still have to make money from it in order to be able to sustain it and keep it going in the future. That is very important in my opinion.

It's important to make money from it, that's true. But I've seen and experi9 personally where a business makes a lot of money for the person, but it makes their lives hell.

They always dread the next day,the next task, and the next challenge.

 

[Prettyjanie]

There are several questions you need to ask yourself when you are about to start a new business. The financial implication that is the amount of capital you will need, are you going to meet the needs of the final consumers with your products, where will the business be situated.