Basic things to ask yourself before stating a business

[solomonmali]

entrepreneurship doesn’t come without its own set of challenges. What we usually perceive is a lot different than what the reality is. But if you have made up your mind, ask yourself these 6 questions before going any further. Most people underestimate the challenges of building a profitable and sustainable business.

 

[Khezo]

You have to ask yourself is this business going to be profitable for me will I be able to fix it and do it well how am I going to get customers the location I'm going to use is it going to be flooded with customers how will I advertise my product how much capital do I need to get started all these awards you have to consider

 

[Hamza1]

Most important thing that any beginner should ask himself should be is he ready for that. What kind of business do they want? What kind of business can I handle easily? Do I have enough knowledge about it? Do I have experience how to deal with different clients? Do I really need to start a business?

 

[Rimsha kanwal]

Starting a business sounds appealing doesn’t it? You get to be your own boss, do what you love and work your own hours (which really means choosing which 10-18 hours to work). But there are things you need to ask yourself before you start a business which you may not think about in the moment.

 

[Janita]

I will first see that do I have sufficient amount of money to start business or not.
What will give me more profit and what will be good to start in the beginning becasue first main thing is money than your proper planning related to business.
We have to ask these things ourself before continuing the business or any work.

 

[Fabulous]

Yes is very important to ask yourself some questions before starting a business, the first should be are you able to face the risks in that business, are you sure you have enough capital for that business to move forward.
Next is your location for that business, is your location a favorable one for your customers.

 

[Xerryl]

Below are the questions I will ask myself before starting a new business. Is this business sustainable? What is the expected turnover? What is the profit margin? Who are my targeted customers? What is the pay back period of this business?

 

[Setfragil]

The basic things to ask yourself before starting a business is raising the needed capital to fund the business. Location of the business also matters in increasing the daily sales of the business. Marketing it beyond the location of the business to promote it in order to improve sales is very sacrosanct.

 

[Aramide]

Think about the business idea, is it something you really want to do?, how will you fund the business? What if the business fail,is there a plan B, how will the business be in the next 5years

 

[Sotherefore]

You do not need to ask yourself difficult question because the question you'll be asking yourself can put a change for doubt or insecurity to step in, you only have to be expert in what you are doing and have money to start with and you are good to go that is all.

 

[Kelly5]

So many contributions from everyone on the subject of discussion. You must be very determined to venture into whatever endeavour you intend to go into as this is the starting point of your success or failure

 

[BuchiBankz]

The basic things to ask your self before starting a business are
1 Find a nurturing environment for your business to grow
2 Follow your passion no matter the obstacles
3 Be flexible
4 Self discipline and control
5 First step turn your idea into a plan

 

[Milz]

Before you start a business, ask yourself what's the motive behind the business? Again ask if you have enough capital, and if you don't how fo you intend to raise it? The product you want to sell, do you have a customer has it been tested?

 

[Caali]

The basic question to ask yourself is,
“Are you ready to give whatever it takes?”
Don't say YES right away. Take some time and think about it. It's going to be the hardest and the most rewarding thing you will do.

 

[Kinglegend01]

I think the basic questions you need to ask yourself when opening a new business on your own are:
• If you are ready to be on your own now ( if you are actually knowledgeable about the business type you want to establish)
• how much capital you have on you to start the business (and where you would be able to obtain more money to add to the one you already have if the one you are having is not going to be enough)

 

[Ub40]

You have really given detailed explanation. And I totally agree with your points. But the first question I will ask myself is, do I have the necessary knowledge or information about this particular business i want to start? In the process of carrying out research I will be able to find out every other necessary information. Just my take.

 

[Doradorwa]

Are you emotionally ready for the drama that comes with being a business person... The weird attitude of some of your clients or the thought of your business failing... Are you ready to mix business with your relationship... Relationship with your family or your spouse .

 

[Mostee501]

Before starting a business,there are lots of questions that should be asked and you should receive answers and advice from experts. Basic things to look out for are market surveys, location, potential outcomes when you start.

 

[Kehinde]

Conduct market research. Market research will tell you if there's an opportunity to turn your idea into a successful business. ...
Write your business plan. ...
Fund your business. ...
Pick your business location. ...
Choose a business structure. ...
Choose your business name. ...
Register your business. ...
Get federal and state tax IDs.

 

[Jomarie05]

Before starting a business there are some essential awareness that you need to be aware of like conducting a background check on some factors which can help in dealing and developing the business such as the best location for such business,the successful business owners involved and the number f failed personnel involved.