Starting a small business

[Tanny]

Starting a business is not as easy as it looks ,one needs to conduct a market research to see if there is demand for the product and have a business plan.. apart from having enough capital ...you need dedication hardwork and passion for that business

 

[Ojonuyo]

You have said well, but you need beyond basic knowledge to start up a business. Whether the business is in a small scale or large scale. You would need adequate knowledge and experience to success in that field.

 

[Omonijo01]

Starting a small business the best way of moving forward. With the little financial support vwith the work at hand the small will become bigger

 

[Divulgence]

Starting a small business doesn't have to require a lot of money, but it will involve some initial investment as well as the ability to cover ongoing expenses before you are turning a profit. Put together a spreadsheet that estimates the one-time startup costs for your business (licenses and permits, equipment, legal fees, insurance, branding, market research, inventory, trademarking, grand opening events, property leases, etc.), as well as what you anticipate you will need to keep your business running for at least 12 months (rent, utilities, marketing and advertising, production, supplies, travel expenses, employee salaries, your own salary, etc.).

 

[kayode10]

I have read all the comments put out in this thread nobody talks about building teams. Team building is very vital if you want to build sustainable business. You teams are group of experts in different profession who guide you to make decision in their chosen field. Your team should consist of an attorney, tax accountant, social media expert, book keeper etc. Also you need mastermind which will consists of veteran in building business who can guide you when you have problems in your business.

 

[Kane]

Whether the business is big or small, the basic requirement to start a business is you already have knowledge and skills on the niche you have chosen. For example, if you want to start manufacturing business, you need to know everything related to manufacturing. If you are in the selling line, you need knowledge about the market and skills to drive sales.

 

[Mrallison]

Starting a small business requires a whole lot of patience because it may take time to see actual progress and you need to first look at pleasing your customers than look for profit.
And it depends on the business but online marketing will go a long way

 

[ranaabubakar263]

First of all if you want to start a business then first research it then start it. In the beginning you have to start from small scale and get full experience and when you expert in this business then start it on large scale.

 

[Oliver 20]

Pick your business location

Your business location is one of the most important decisions you’ll make. Whether you’re setting up a brick-and-mortar business or launching an online store, the choices you make could affect your taxes, legal requirements, and revenue.

 

[muhammad ahad]

What advice would you give to someone who wants to start a small business?

I think it is a better idea to start a small business rather than big business. In business we should to learn anything about it how to deal with the customer at how to deal with market system. I think it would be a nice voice for you.
Secondly you have to make a proper paperwork according to your business condition. You should examine about profit and loss. All basic things should be considered before starting any business.

 

[Asad Ali]

Businesses big or small do not work without proper planning and funding.Start your own business first and then focus on it۔Make a profit and invest that profit in it and grow this business This is what many businessmen do.In this way you will have business experience and business growth

 

[joy101]

Before planning to start up a business you need to study the business, because business is not what you can start without planing ahead, starting a small business does not require much capital, all you need to do is to be focus and dedicate time so to progress in the business.

 

[Farrukh Riaz]

What advice would you give to someone who wants to start a small business?

Well we can easily handle a small business. Before starting the new big business we should go with small business to learn lot of things. We need to learn about talking with customer and other market members. It is a good way to learn about things.
Before starting a small business we should make a proper homework about benefits and losses in the business to avoid from crucial circumstances. We also need to have a big heart who can suffer from any situations.
These qualities should be Hindi mind of a businessman who have to deal with entire system of business.

 

[Gilead]

1. You need to start
2. You need to make sure you have a niché
3. You need to start small, don't expect too much at first
4. Be patient and have the ability of endurance
5. Register your business if you can.

 

[Meerab]

I think it is good to start a small business.We can start the ghost little mount of money and make a knife in success..... In this, there is a less loss of loss... So in this way we can handle all difficulities very easily

 

[Patrik]

Small business either means small budget or a business for small profit, i would advice him to plan for it and think about expanding it, every existing big business was small once, so why not improving?

 

[Chumzy]

Small business are the engine of the economy of any country and not large businesses. Large businesses contributes too and have their roles in the system. We are saying these things to encourage more Small businesses so as to push the economy.

 

[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. .

 

[Oluwatobitomisin]

Starting a Business is kinda easy, but achieving the aim of the Business is what is not easy.
Starting a Business, you ought to have made a lot of research about the Business to have full idea of what you want to work with, then remember that every Aim of a Business is to maximize Profit, likewise make your Customers feel like King and Queen

 

[Mackoy30]

The problem is that it isn't hard to start a business, but it's very hard to make it work. We know this because most new start-ups will either fail or stumble into the mediocrity of competition. ... Of course, some start-up's do get it right and grow into profitable businesses