How do I start a business in the right way?

[Mama]

Starting a business the right way is not something that's hard to do all you have to do is simply follow some guidelines and rules that will help you to see the business to success and you can also read books by other successful businessman

 

[Hasan Raza]

It is vital and basic to make great examination and research on an any sort of business we mean to do in which to know more on it. Start a business at the correct area, right item to sell, and right customers to pick as an objective.

 

[Judee201]

Register your business

A registered business is a legal entity within the country it’s situated. In Nigeria you need to register your business (irrespective of its structure) with the CAC. For employers of labour, you’ll also have to register with the FIRS and the IRS of your state of residence. This is where you file monthly and annual returns.

 

[Sotherefore]

Yes there is a right way you can actually start a business and you will succeed in that type of business the best and the right way to start up a business is for you to start a business you are hundred percent sure you can do because that should be the first step to start

 

[Thosynho]

Starting a business in the right way entail proper understanding of the business and dealing with many issues that you must have solved ranging, financing, sales and marketing, intellectual property protection, liability protection, human resources, and Staff members. Almost everybody wants to be an entrepreneur but they lack the Understanding, Commitment and Challenges Involved.

What are the implications of not starting a business the right way?

This is right and I concur with your post here. For anyone start business in the right way, that person must understand the business he/she is going into, understand the kind of customers and environment you need for the business to thrive and lastly get the required fund to finance the business.

 

[gbadebo9]

To starting business vin right way we need capital which can come as a result of borrowing or saving from previous job.Borrowing is good but it came with interest that someone has to pay when returned the money. With prevailing situation in our banking industry the interest that is being is outrageous compare to profit to be getting from the business. Therefore we need to negotiate well before agreed to borrowed money from bank so that the company will not go bankruptcy.

 

[Shahrukh irshad]

The best way to start a business is 1st you learn yourself everything about it and can do it yourself too. So you don't have to depend on someone elae in it. 2nd thing is know benefits and cons of it too. You should have your own investment and never do a partnership un businesses it is worst thing to do and will end no matter how close friends you are with that

 

[Jlife]

The right way to start a business is for you to have a good business plan as this is what will guide you on your business journey because with the right business plan you will succeed in a business you know. I think this can actually help. Another thing is for you to register your business with the government.

 

[Onachukwu]

1. Address excuses. Countless people dream of becoming entrepreneurs, but they never do. ...
2. Absorb everything. Listen to what others have to say—friends, family, experts, even yourself. ...
3. Be a solution. ...
4. Keep it simple. ...
5. Count the costs. ...
6. Imagine yourself with zero money. ...
7. Earn while you build. ...
8. Speak up about your business.

 

[Sana Diyar]

Starting a business in the right way entail proper understanding of the business and dealing with many issues that you must have solved ranging, financing, sales and marketing, intellectual property protection, liability protection, human resources, and Staff members. Almost everybody wants to be an entrepreneur but they lack the Understanding, Commitment and Challenges Involved.

What are the implications of not starting a business the right way?

U can start a business in the right way

1. Fund your business.
2. Pick your business location. .
3. Choose a business structure.
4. Choose your business name.
5. Register your business.
6. Get federal and state tax IDs.

7.conduct market research

 

[Hdre3m3n]

To start a business in a right way need your concentration, planning ahead of the business, keeping all necessary things that the business will need in future.
When starting a business, you should ensure that you have the knowledge on that particular business, disregard all challenges that u may face, follow the processes or strategies well.

You need to make all the resources available, plan vigorously and make sure your business is in line with the customers choices and demands. This will help your business grow rapidly

 

[Aotosyno]

Starting a business right means you have known what the business entails the challenges faced in the business. The amount you are likely to realise in days,weeks or months,this mainly is research on the business and also meeting people who are in the same line of business or reading about the business.

 

[mubinadaddy]

Understanding the business that you are about venturing into and starting it in the right way is what anyone who desires to achieve success are to do and those that are not doing it in a right way that's why they are facing challenges closure of business in a short term cause they just venture into it without not knowing what it entails.

 

[Dubai]

The implications of not starting business the right way is that the business is going to live shorter than expected. The life span will not only be short but the owner is more likely to have loses than not. In order to start any venture, you ought to have mapped out a plan as well as budget for effective running of the business.

 

[Adventurer]

Starting a business in the right way entail proper understanding of the business and dealing with many issues that you must have solved ranging, financing, sales and marketing, intellectual property protection, liability protection, human resources, and Staff members. Almost everybody wants to be an entrepreneur but they lack the Understanding, Commitment and Challenges Involved.

What are the implications of not starting a business the right way?

Of course the implementation of not starting in the right way is that the business could have problems or even fail. The best way to start a business is by carrying out research, write a business plan and hire the right staff.

 

[Akinwale701]

Starting a business in the right way entail proper understanding of the business and dealing with many issues that you must have solved ranging, financing, sales and marketing, intellectual property protection, liability protection, human resources, and Staff members. Almost everybody wants to be an entrepreneur but they lack the Understanding, Commitment and Challenges Involved.

What are the implications of not starting a business the right way?

the words right way is relative. This is because you can't actually say whether you are operating your business in the best way compared to others. so you have got to do your business in the right way by following your stated goals and objectives and making yourself subject to them by following them strictly.

 

[Nurudeen]

The best way to start or setup a business is through planning. You need to have a business plan and this is where all your execution of the business will be listed and make sure you also have a finanacial advisor that will put you through

 

[Eyiteepraise]

Starting a business in the right way entail proper understanding of the business and dealing with many issues that you must have solved ranging, financing, sales and marketing, intellectual property protection, liability protection, human resources, and Staff members. Almost everybody wants to be an entrepreneur but they lack the Understanding, Commitment and Challenges Involved.

What are the implications of not starting a business the right way?

There are many implications of starting a business in the wrong way.not planning before starting a business is actually the first wrong step taken by the business owner.this can make the business crash during challenges

 

[Dowenship]

Hm... This generation is so inpatient at times that we don't have the patience to wait for the fruit of there labor.
Quote of the day
Stay focused: don't be distracted with worldly activities, it will stray you out of course of destiny: always stay focused

 

[Godskid]

am gonna say if you want to start a business the right way you should know more about the business you are venturing into and also move with people who at least have good experience about it