Things to avoid when starting a business

[Cissé]

It's good to be aware of things that can ruin business.
Firstly, always go for a business that you know about, don't just start any business that you know no nothing about.

Secondly, find a suitable location that goes well with the type of business you want to start because location is also part of things that sells product.

Lastly, Don't go into a business because you friend or partner succeed in doing it. Find yourself a business that goes well with you.

 

[Segat]

Things to avoid when starting a business is not universal in my view but it depends on the business type, location, targeted customers and the individual person who owns the business. But ultimately profit making should be prioritized.

 

[Mostee501]

When starting a business their are certain procedures to follow in other to become successful in that business. One of the first things to lookout for is a business plan, market survey, marketing strategies and so on. Failure to do so may end you up in loss of finances.

 

[Planet408]

Many people put in so much efforts in their businesses but they have inappropriate management of funds. To be a successful business person, you need to be very accountable to yourself on how you manage your funds. There are things you overlook buying in other to have good savings as a business person.

 

[Milz]

Avoid not going to business without a strategic plan. Avoid selling a product because you like it, your target customers might not. Use social media to advertise new product test them in various ways to see audience response before you begin to sell.

 

[Thosynho]

I have never known about somebody beginning a business in a bid to fall flat or get misfortunes. We as a whole get into business with the expectation that we will be effective and appreciate great benefits that will acquire you be able to cover tabs. On the off chance that we are all in understanding that we need fruitful organizations, at that point we should go into it decidedly ready constantly to invest the exertion and caution needed for another dare to be effective. What's more, there are huge numbers of those incredible advices and procedures to make another endeavor fruitful, yet that is a story for one more day. Today, I need to possibly zero in on those things that should be kept away from when beginning another business. Evading them will save you from the dissatisfaction of a failling business and take you closer to making the best decision that brings you achievement.

Does Anyone have any idea about what and what I should avoid when starting a business???

As a new business owner, always try to avoid extravagant spending. You need time and resources to nuture and grow the business to maturity stage. A real entrepreneur does not spend anyhow and on everything.

 

[Dubai]

I have never known about somebody beginning a business in a bid to fall flat or get misfortunes. We as a whole get into business with the expectation that we will be effective and appreciate great benefits that will acquire you be able to cover tabs. On the off chance that we are all in understanding that we need fruitful organizations, at that point we should go into it decidedly ready constantly to invest the exertion and caution needed for another dare to be effective. What's more, there are huge numbers of those incredible advices and procedures to make another endeavor fruitful, yet that is a story for one more day. Today, I need to possibly zero in on those things that should be kept away from when beginning another business. Evading them will save you from the dissatisfaction of a failling business and take you closer to making the best decision that brings you achievement.

Does Anyone have any idea about what and what I should avoid when starting a business???

When staring a business, I would advise you not to borrow more than you can pay back. This is because you do not know how the business would turn out to be. Secondly, do not let family and friends take from your business without paying you for it. This could crumble your start up. lastly, it is important that you do a proper background check around the location of your business as there could be other competitors there. This will make you prepare well.

 

[Ibrahim1]

As for me you really need to avoid not doing business plan, you have to avoid not doing market prize and value and you need to avoid does that never want you to do good or does trying not to allow you do the business because they also have interest, you really need to avoid not having customers before jumping into the business

 

[Faani18]

Once you setup a business you must treat it with positivity. You must be pesimistic. Dont approach it with negititivy.always make bold decision to setup business because there are many things to tackle with patience.

 

[WhiteHouse]

NEVER start an organization with your companions or family members. I'm not saying that there are no exemptions for this standard, yet a large portion of the new businesses bomb when feelings are included. There is no feeling of power among companions subsequently nobody is liable to anybody for their activities.

 

[singlej007]

When you are starting a business, you need to avoid negative people coming close to you, and you need to stay fucus, you need to avoid over expectations at the beginning of your business, avoid spending too much at the beginning of your business, avoid anything available.

 

[Bookwormlux1]

In starting a business, avoid giving out things on credit to people simply because they are your friends or family members. Some people made this mistake and it ended in tears. Those people won't support you when things go south.

 

[idhans]

I have never known about somebody beginning a business in a bid to fall flat or get misfortunes. We as a whole get into business with the expectation that we will be effective and appreciate great benefits that will acquire you be able to cover tabs. On the off chance that we are all in understanding that we need fruitful organizations, at that point we should go into it decidedly ready constantly to invest the exertion and caution needed for another dare to be effective. What's more, there are huge numbers of those incredible advices and procedures to make another endeavor fruitful, yet that is a story for one more day. Today, I need to possibly zero in on those things that should be kept away from when beginning another business. Evading them will save you from the dissatisfaction of a failling business and take you closer to making the best decision that brings you achievement.

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Does Anyone have any idea about what and what I should avoid when starting a business???

The first thing you must avoid is to separate your relationship, and family issues with your business and allow your business to stand alone. You should always have it at the back of your mind that the profit will not come immediately when you start a business.

 

[Olahab]

Do what you love” is a piece of business advice that's been doled out ad nauseam. But for many people, it's a big business mistake.


The reality is there are a whole lot of people out there who love things they’re not good at. Bet you can name several you to know off hand.

 

[Caali]

Dreaming for easy profits without much hardwork and risk. This is most important thing one must avoid if starting own business. No matter what business you choose, investment needed, risk invovled, profit depend on how you n your staff perform on jobs.

 

[Ogbest]

I have never known about somebody beginning a business in a bid to fall flat or get misfortunes. We as a whole get into business with the expectation that we will be effective and appreciate great benefits that will acquire you be able to cover tabs. On the off chance that we are all in understanding that we need fruitful organizations, at that point we should go into it decidedly ready constantly to invest the exertion and caution needed for another dare to be effective. What's more, there are huge numbers of those incredible advices and procedures to make another endeavor fruitful, yet that is a story for one more day. Today, I need to possibly zero in on those things that should be kept away from when beginning another business. Evading them will save you from the dissatisfaction of a failling business and take you closer to making the best decision that brings you achievement.

Does Anyone have any idea about what and what I should avoid when starting a business???

In starting up a business, there are many things one needs to avoid. Things like wrong location, low quality of goods, bad services, even your packagings, your products should be well packaged. Then, you need bad services aside, attend to your customers with aplome.

 

[Josephjossy]

When starting a business avoid not doing some business planing. Plan the business very well. Also avoid doing what you love. Sometimes you need to consider what the business demands not what you love. Also do some business research

 

[Yunus]

Don't depend on one avenue for startup cash. I don't care if it's Friends and Family, loans, an angel investor, a key client or an SBIR grant - always be pursuing cash from everywhere. Consider arrangements where portions of the proceeds go to the investors without giving them actual shares. A contract can be just as profitable and binding without ceding control. The more control you cede the harder it will be to negotiate higher end funding, and the less likely that the original investors will be properly reimbursed.

 

[BuchiBankz]

There are things to avoiding especially when starting a business from the scratch.
*Not having plans
*Not having personal customers relationships
Not building your brands

 

[Themmy]

Do not start a business without having a business plan. A business plan helps you know your expectations. Also avoid getting into debts in the name of starting a business. Loan is forme but it should be reasonable. Also, consider your business location and the needs of your prospective customers before starting a business.