business management for beginners Do you have to prepare a lot of capital?

[Kelly5]

Before starting up the business in that location, you should ask yourself, are there already competitors to your business at that location? Can you maneuver this competition to your advantage if they seem to be very formidable?

 

[Snazzy001]

Managing a business for the first time might be hard on the beginner especially the capital part because it is new to the person and planning it might be a little bit difficult

 

[Shigobad20201]

Everyone will want to be successful in running a business, in starting a business, what things need priority or priority so that the business can run smoothly? Do you have to prepare a lot of capital?

The capital you at going to need in starting a business depends on the type of business you are running , you don't have to prepare a lot of fund when you don't actually need a lot of money.

 

[Lordfalcao]

Well its all depends on the type and nature of the kind of business you are going in to a small scale business need small capital so as a large scale business require a large capital too..

 

[Setho]

This would depend on the idea that you have and also how you want to start but I always advice that you should sort to start a business as small as possible.

 

[Josemendez]

I think this is where having a survey of the cost and with a plan is important because it will help you have the right budget for the business. And even when you don't have , you can still be able to make do with what you have

 

[Sariana23]

Well its all depends on the type and nature of the kind of business you are going in to a small scale business need small capital so as a large scale business require a large capital too..

Your statement is correct, everything goes hand in hand with the size of the company you want. If it is small so will be the capital, but if it is on a large scale the necessary capital will be greater. Besides the capital it is necessary to make a survey, to place the right business.

 

[Sotherefore]

That is right. You will hardly start a business without capital. I think researching should start earlier so that you figure out exactly how much capital you need to start a business.

Research should not be the most important thing in business because it is something you can do within a period of one month ,money should be the first thing because it might be difficult for you to raise the required money,you need to have money first

 

[Setfragil]

You do not actually need to prepare a lot of capital to start a business. The type of business and the size will determine the amounts of money needed to start the business.

 

[Bousine123]

The fear of not having enough capital is the major reason why most people don't start up anything they hope to start. Such feelings will hold you back from a lot of things.

 

[Richard92]

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Every man wants to be successful in life ,and in most cases people consider money as a success. This may not be criteria for every person but holds in most ofvthe cases. To prepare a lot of capital you need to earn money first and then you have to start ha business.

You can be able to start up a business for new beginners with at least small capital it's not a must like it must be a large capital for startups.
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[automerge]1609266437[/automerge]
Every man wants to be successful in life ,and in most cases people consider money as a success. This may not be criteria for every person but holds in most ofvthe cases. To prepare a lot of capital you need to earn money first and then you have to start ha business.

When starting a real estate business you need to have enough capital because it requires lots of capital because of how lucrative it is.

 

[Jlife]

The fear of not having enough capital is the major reason why most people don't start up anything they hope to start. Such feelings will hold you back from a lot of things.

Most people are just afraid of going into a business because they are afraid of what people will say, business can be easier if you understand what you are really going there to do and how you can achieve them all.

 

[Ub40]

I think different business has different size of capital as we have small business and large size business. For instance, the capital to start fish farming can never be the same with the one needed to start fruit business. Of course capital for fish farming will be more. That is my take.

 

[Chibson]

Definitely if you have entering into any business you need to prepare financially because it is not easy to run a business and it depends on the kind of business you are into.

 

[Yusuf1]

I think the best way to make a business more successful is just to start small with the little capital at hand and grow as times goes on in the business. And again alot of marketing most be done

 

[Godspower]

Capital is very important to a business but there are other vital factors that will also affect if a business is successful or not. A good business plan, labour, marketing and advertising can all influence the growth of a business.

 

[Thinker009]

You need more capital ,if obviously your aim is to increase the capacity of the business and get more customers to place interest in the product you are selling too

 

[kinqzbitz]

Well of course you actually need to keep a lot of capital just in case the one you intended to keep is not enough,the goal is to always be prepared for anything

 

[Ghost1]

You would need enough capital. As a matter of fact if you don't have enough resources you can as well stop with planning for it. This is one of the reasons business fail

 

[Toyoabasi]

Everyone will want to be successful in running a business, in starting a business, what things need priority or priority so that the business can run smoothly? Do you have to prepare a lot of capital?

Your capital should be dependent on the scale you intend running your business.
To be successful, you should know a lot about your intended business, you should also consider your target market.