Difficult aspect in starting a new business?

[Toyoabasi]

Starting a business involves a lot because you need all the necessary factors considered for a business to begin. Most people face the raising of a capital as a pressing issue which may differ from what others may not find difficult.

The planning stage happens to be the most difficult stage for me.
I feel like if I don't make good plans, the business is likely to fail.

 

[Good-Person]

Many people usually do not have much experience when they get into a new business and such new businessmen could be at a disadvantage.

 

[ganibade]

The most difficult aspect of business is where to get money to run the business. Where to locate the business for business rivals not to forfeit the business.

 

[Good-Person]

Starting a new business can be difficult and challenging especially when you have not done any business in the past. Lack of idea and finance is one of the most difficulties faced while starting new business.

Yes, a lack of experience can definitely cause problem and many people suffer from loss as a result of not having enough experience in the field. However, by the passage of time, they tend to gain experience and some of the talented people even become successful. It is, therefore, recommended to gain experience by becoming an internee, as I mentioned in one of the posts.

 

[Ebro01]

Difficult aspect in starting a new business, as we know that it is not easy to start or do business. The major determinant of any business so ever is capital and with it, business will be able to kick start at any period of time. After money my brother others set in.

 

[eLdavis]

The most difficult aspect of business is where to get money to run the business. Where to locate the business for business rivals not to forfeit the business.

Is it actually possible to find a place where there are no rivals? Personally I don't think it's actually possible, there would always be one from of competition or the other what do you think?

 

[Laurentta]

In my opinion, the most difficult aspect of startinv a business is acquiring capital. Once one has been able to acquire capital for one's business then with a good business plan, one is good to go.

 

[Heatman]

For me, the most difficult part of the business planning is the acquisition of the capital. That is the usual problem of budding entrepreneurs that it is like a trap. You make a start up with insufficient capital and that would cost you big time.

Whenever starting a new business is concerned you are always going to be faced with the challenges of making your own new customers for your business product and services which is not going to be very easy.

 

[jay]

There are different stages involved in starting a new business right for point of conceiving idea, planning the business, feasibility studies, raising of capitals and setting up the business up to the point of marketing the business till it begins to good profit in your opinion which aspect of stage is the most difficult?.

You will definitely have to worry so much about the competition that you're going to face in the business which will directly affect the number of sales that you are going to be making on daily basis because you are still new and you're looking for new customers.

 

[Shigobad20201]

The planning stage happens to be the most difficult stage for me.
I feel like if I don't make good plans, the business is likely to fail.

For a layman , they don't plan and just start the business , thereby having problems along the way but in order to have a successful business outcome , you must have a good business plan and make research on it.

 

[greenie]

I believe there are a lot of aspects you need to watch out for when starting a business. Crossing the capital hurdle is a big deal, then employing the right people, constantly thinking of methods and ways to innovate and move beyond a standardised point. Having a full plan helps with these things.

 

[Grandeur]

Starting a new business is like the manifestation of one's ideas and plans which is why it's important to plan very well to be able to provide a good business plan and implement them slowly.

 

[ahmedo24]

Starting a new business is like the manifestation of one's ideas and plans which is why it's important to plan very well to be able to provide a good business plan and implement them slowly.

Absolutely, when you have a good plan before starting a new business there is every possibility that you will succeed or breakeven in the business though marketing is mostly the challenge of new busineses.

 

[kayode10]

Raising business capital has been one of the major problems of new entrepreneurs. Entrepreneur also face a great deal of rejection whenever they want to raise capital for their business even from their friends and close families.

 

[Grandeur]

There are different stages involved in starting a new business right for point of conceiving idea, planning the business, feasibility studies, raising of capitals and setting up the business up to the point of marketing the business till it begins to good profit in your opinion which aspect of stage is the most difficult?.

Each of the stages of establishing a business as you have mentioned have their complexities but the planning, setting up and all is being shown in the setting up of the business which may make that most challenging.

 

[Heatman]

Raising capital is the most difficult. There are various people who have conceived different ideas and even nice ideas but to start the business, the capital is always the problem for them.

Some people who actually want to start a new business have a very serious problem when it comes to writing their business plan because without a perfect plan it is very rare starting a business.

 

[ahmedo24]

Some people who actually want to start a new business have a very serious problem when it comes to writing their business plan because without a perfect plan it is very rare starting a business.

writing a business plan should not be a big challenge now because the other templates which you can follow to write a business plan what is very important is knowing the business and the technicalities behind it.

 

[Heatman]

Raising capital is the most difficult. There are various people who have conceived different ideas and even nice ideas but to start the business, the capital is always the problem for them.

It is never easy when you want to start any business because all the necessary requirements that are needed to set up the business must be provided by you otherwise it is not going to be feasible to start the business.

 

[jay]

Raising business capital has been one of the major problems of new entrepreneurs. Entrepreneur also face a great deal of rejection whenever they want to raise capital for their business even from their friends and close families.

People will always stay with that knowledge is very important when you are starting your own business and I actually agree to that but having the capital to start the business is more important for me.

 

[kayode10]

People will always stay with that knowledge is very important when you are starting your own business and I actually agree to that but having the capital to start the business is more important for me.

That is the reason why they said raising capital is the most important job of an entrepreneur. an entrepreneur must know how to raise capital for their business idea and make profit with it. But the case is quite different as this can be very hard in my country.