Basic things to ask yourself before stating a business

[Jlife]

Capital ability to handle the business from the first day to the last day till the business will be capable of generating enough money is the first thing you really need to consider, the ability to manage stress in a business is what we must be ready for.

 

[GIFTMICHAEL]

One needs steady cash flow to keep the business afloat. Without cash flow their is nothing driven the business higher. We need cash flow to keep the business working for long.

 

[joy101]

Before going into business you need ask yourself if you can make the business grow very well, because before thinking about to start a business you have to be ready for it.

 

[eLdavis]

Many persons today go Into various businesses without actually understanding what it means or what amount of value the business can bring into the society. Some go into a particular business because they see other succeed

 

[Shaffy]

I remember when I first started my online business. I loved it, but the business model itself did not love me. It was fit for extroverts and as hard as I tried, I couldn't do it. It helps to check if you have or can develop a personality compatible with the business too.

 

[BrolySSJ]

These are very good questions that you should be asking yourself for everything to one of the most important questions to ask before you start a business is what is the customer acceptance of the product that you are preparing to sell. This can generally give you a very good indication as to the successfulness of your business.

 

[Shigobad20201]

A lot of folks around the globe wants to start doing business, both large and small scale but after starting out, it ends up crashing. To avoid same predicaments which failed businesses have gone through,I'm going to share with you few basics of building a solid business.
So, before you consider starting up a business which you plan will turn into a conglomerate someday, main questions you need to ask yourself includes;

1) Why are you planning to start a company? Before you do something else, this is the most important question to answer. ...

2)What capital have you got access to? Where do you plan to get your funds from,is it self funding or an investor, choose that yourself.

3) What is it that you know how to do? Your main area of concentration that will help the business in all entirety.

4) If this business didn't get to workout, will you regret it?
Will I be depressed it turns out sour, why you should ask yourself this question includes that, will you be able to brace up your self from where it ended and start all over or not.

After answering these questions genuinely(right answers),crosscheck over again like a week,then if you are settled with concrete answers. You are good to go!

Asking our self why did we want to start the business is the first question while the gain you at trying to make there is the second thing you need to ask yourself , and what exactly did you want to start doing.

 

[BrolySSJ]

Asking our self why did we want to start the business is the first question while the gain you at trying to make there is the second thing you need to ask yourself , and what exactly did you want to start doing.

This is a good point. The reason why you are starting a business will attribute to your passion as well and that can be a major motivating factor for many people as well.

 

[Melanie Marie]

👆 All good points.
For me the #1 question would be:
Will this make me happy, or will this cause me stress.
If it’s stressful, it’s out. Byee

 

[Hena101]

Before starting any business there are number of questions you must answers otherwise you will regret starting it. Why do you need to start the business in the first place? What will happen or what with you do if the business did not come as expect it? Do you have a plan B of it failed? And so many questions.

 

[skyliequiz]

What's your WHY'S?? Make a list of all the reasons WHY you want to start your own business. Go through them one at a time. Look for a WHY that is powerful enough to withstand adversity and compelling enough to survive a significant loss in quality of life in other areas. Your WHY might be linked to a specific concept you desire to bring to life. The cause for which you are fighting. The fire that fires within you.

 

[Bousine123]

A lot of folks around the globe wants to start doing business, both large and small scale but after starting out, it ends up crashing. To avoid same predicaments which failed businesses have gone through,I'm going to share with you few basics of building a solid business.
So, before you consider starting up a business which you plan will turn into a conglomerate someday, main questions you need to ask yourself includes;

1) Why are you planning to start a company? Before you do something else, this is the most important question to answer. ...

2)What capital have you got access to? Where do you plan to get your funds from,is it self funding or an investor, choose that yourself.

3) What is it that you know how to do? Your main area of concentration that will help the business in all entirety.

4) If this business didn't get to workout, will you regret it?
Will I be depressed it turns out sour, why you should ask yourself this question includes that, will you be able to brace up your self from where it ended and start all over or not.

After answering these questions genuinely(right answers),crosscheck over again like a week,then if you are settled with concrete answers. You are good to go!

Nice tips you've got op. Failure of some individuals to ask themselves such questions, is the reason why startups dont make it to a good level.

 

[kayode10]

You need to ask yourself that who are your competitors and come up with a plan on how to beat them to their games. Come up with competitive advantage to beat them to have more share in the marketplace.

 

[Alexandoy]

Capital ability to handle the business from the first day to the last day till the business will be capable of generating enough money is the first thing you really need to consider, the ability to manage stress in a business is what we must be ready for.

I agree that capital is the most important element when making a start up. My advice now based on my sad experience is to have a capital that is double of the amount that you have estimated for your needs in the start up. That extra capital will give you the confidence that you have enough funds so the operation will be smooth.

 

[Jlife]

I agree that capital is the most important element when making a start up. My advice now based on my sad experience is to have a capital that is double of the amount that you have estimated for your needs in the start up. That extra capital will give you the confidence that you have enough funds so the operation will be smooth.

This will be the best thing but sometimes some people may not have enough money to start the business talk less of having double of what the business demand, don't you think we can manage the normal estimated amount ?

 

[delnovem]

Why do I want to start a business?
Can this business idea make me money now and in the future?
Who is my target audience for my business?
Who are my competitors?
How will I market my business?
How will I price my products?

 

[Yusuf1]

This is really a good thing to do if one wants to start or setup a business. With this method, a lot of people will have headway for their business in times of challenges

 

[Hena101]

The basic things to asked yourself before starting any business is that did i have a well design plan for the business I'm intended to start and the capital.

 

[Setfragil]

You first need to ask yourself if you have the knowledge of the business. You also need to ask yourself if you have the resources to finance the business for it to be successful.

 

[kayode10]

One of the question you should ask yourself when starting a new business is to know how fast you can race capital for this business? Once you're able to answer this, you are good to go.