Difficult aspect in starting a new business?

[Sariana23]

You need to do a business in a location or niche that has not been massively explored. For example, if you want to do ecommerce, do it in a small town where there not not many ecommerce sites operating.

This is also very important "a business in a location or niche that has not been massively explored." The lesser the competition, the more likely it is to emerge quickly and always taking into account a good marketing to attract potential customers.

 

[Kane]

In my home country, ecommerce business is still lucrative. There is not much completion. You will have to choose a niche that is not much explored.

 

[Good-Person]

One of the most difficult aspects of a beginning a new business is predicting the profitability of the business. Even with perfect planning, there is always a chance that you might suffer from loss in a new business and you might not be able to gain profits at all. This is where luck plays a major role. You need to start a business at a populous location and maintain the quality of your product.

 

[Richard92]

One of the difficult aspect in starting a business involves location idea and capital. Sometimes the most difficult for people is the idea to start up a business and others might be capital.

 

[Kelly5]

conceptualization of the business may not really be the most difficult aspect for starting the business, it is the availability of the capital that matters in the end. If you can't secure the required funds to start, the business can never kickoff

 

[Sheyemanu]

In reply to your question in the above post concerning the difficult parts in statting a business, well I am of the opinion that there are a lot of difficult aspects involved ins starting a business and that really shouldn't be your focus

 

[Spicywilfred]

The most difficult part of starting a business for me is the planning and set up stage the set up stage has to do with acquisition of materials and setting up of the company equipment, arrangement and the likes, it can be really very stressful its like bringing your ideas to materialization.

 

[Senator]

The aspect that might actually pose a challenge is in the aspect of choosing which business to go into and where to site the business. If you can get the right business with the right location correctly at the end, you're on track

 

[Richard92]

The aspect that might actually pose a challenge is in the aspect of choosing which business to go into and where to site the business. If you can get the right business with the right location correctly at the end, you're on track

One of the most difficult aspect in starting up a business is the ideation stage, many people do not know the kind not business they want to venture into, this becomes a problem

 

[GIFTMICHAEL]

Raising the needed capital to stand the business is always the hardest part in any entrepreneurs business career. Having enough capital can go along way in stabilising a business to operate as long as the plans are worthwhile.

 

[FreshKaz11]

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?.

I guess the most difficult stage is to get a good place to start up the business,like getting a store or shop in a good selling area is the most difficult I guess. So once one could get that and have the capital to start up the business and pay for the place or store is all good then.

 

[Chibson]

There are several factors that hinders people to start businesses. Some of the factors is lack of ideas is lack of enough finance. Any business that is not well finance will not really succeed.

 

[Felixko]

there are so many ways of starting a business but I think the most difficult part is the source of capital. many people find it difficult to their capital for starting their business.

 

[Kelly5]

Another difficult aspect for one to start a business is the knowledge that there are competitors you already know are in the business. And you will have to develop a smarter way to outdo your competitors one way or another which is also not easy

 

[Ralphjoe]

The most difficult aspect of setting up a business is sourcing for the business startup capital because getting this capital to start up your business is always quite difficult because no one will give you such an amount of money easily.

 

[Setfragil]

The most difficult aspect f business is start-up capital. It is easy to come up with good business ideas but very difficult sometimes to generate money to fund the business. So many businesses have collapsed as a result of poor funding or no funds at all.

 

[tyrim88]

Some times when the capital is already avialable, the next hurdle to cross is how to get customers,which is the soul of the business.Satisfaction of the needs and customers retention is also another.

 

[Kelly5]

Infact, no aspect of a particular business is really that easy. Every aspect requires that you properly follow one stage to another stage in the setting up of that business. And this process alone can be discouraging sometimes

 

[Senator]

Now that you have set up your business and made all arangement to get the proper staff working for you. You must have to start marketing campaigns to bring the customers to you. That's a very hard knot to crack don't you think?

 

[Shigobad20201]

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?.

One of the difficult aspect of staring a business is getting a business start up fund , if you don't have enough money it can never be easy to start a business without money, another problem is location problem.