Steps to consider while starting up a business.

[Mostee501]

Most importantly a business plan should be laid down, seek professional advice from experts and learn to be disciplined if your not. Can you share more lights on this...

 

[Sincerem]

Mentorship is needed for any future entrepreneur in order to understand the scope of the business. Know when to take risk or not, learn many things as a business owner.

 

[Kane]

You need to do a lot of research to produce the right product. You also need to do a lot of research to find out whether your product is appropriate for the market or not. You also need to do competitor analysis.

 

[Sincerem]

Making researches is always instrumental to ascertain what's right for the business initiative.

 

[Justin]

When you start your business, you should always have a plan B. Plan B is what to do if you need more money for your business, or what to do if your business start making loss.

 

[Kane]

Good thinking. You always need an exit plan. You are starting the business with a great hop, but it may fail. When the business fails, you need to be prepared ahead.

 

[nimzy]

In starting a business it is expected you seek professional advice make a research that is survey about the business you want to invest if not you will end up investing what is not of peoples demand and is not alt all competitive in the market or end up running at lost.

 

[Setfragil]

The steps to be considered when starting a business is to know if the capital you have is enough to successfully establish the business. Another step is to have a good business plan on how to run the day to day activities of the business. Another step is to have a good marketing and advertising team.

 

[Koldej]

The most important thing you need while starting up a business is your business plan, this plan will set out how you intend to start up your business, who are your customers, how will they influence demand, how to source for funds, if you can have a clear picture of all this, then I believe you are almost there

 

[GIFTMICHAEL]

Having basic knowledge around business initiative should come faster and thicker on our mind. In order to have such experience we ought to learn about it on our own or from expert.

 

[Alexandoy]

The steps to consider while starting up a business? I guess it is more appropriate to say steps before starting. The capital is always my main concern because I have learned a neat lesson on that. When the cash flow becomes too tight it was like I was choking. There was too much stress when that happens. If I had an extra capital then business would be easier.

 

[Eodine]

To start up a business, the vital role is planning, planning for what to produce, how to produce and who the company intends to produce for and also planning for funds that would support the business.

 

[Kelly5]

Without a business plan on ground to be as a guide to the execution of your business, you are going to run that business down in no distant time. You must first of all get a plan.

 

[Kunkun]

It's good to have someone to talk to who is done what you intend to do like a mentor, also after proper and extensive research, a week thought out business plan should be in effect, research shouldn't end because there lots to be learnt and improved upon

 

[Promise]

You must have a business plan. Ask yourself which problem is your business going to solve and the people or persons that need that your service and the best possible way to render your services

 

[Senator]

Understanding the type of business you are planning on getting into matters a lot of the time. You should sit down and properly evaluate the cost it will take you to set up that business. And if need be too, seek the opinion of those already successful in that line of business

 

[Eodine]

Without a business plan on ground to be as a guide to the execution of your business, you are going to run that business down in no distant time. You must first of all get a plan.

True, that is why it is important to have a exit plan while planning to start a business so that one can be sure of what the next line of action would be after the business stops.

 

[Good-Person]

Here are some of the things you might need to consider while setting up a business:-

1) Location

2) Amount of money you are willing to invest

3) Hiring employees and setting up their pay structure

4) Analysing the profitability factor

5) Planning properly and preparing a proper marketing strategy

 

[Senator]

True, that is why it is important to have a exit plan while planning to start a business so that one can be sure of what the next line of action would be after the business stops.

Very brilliant one there. An exit plan. We will need to factor this aspect into things as well to be as more practical in all angle of thoughts as possible for eventualities

 

[Eodine]

Very brilliant one there. An exit plan. We will need to factor this aspect into things as well to be as more practical in all angle of thoughts as possible for eventualities

Thank you, have you ever considered an exit plan in a planning you had to do? It is vital so as to know the next step to do to avoid starting from the lost angle again.