What is the number one question to ask yourself when you are thinking about opening a business?

[Hasan Raza]

Dear the first question which comes in mind is about capital with which we have yo start business.The second important thing that comes into my mind before starting a new business is PLANING...
If a person have proper planning about his business strategy, then he could handle it even in the worse conditions, second thing is to understand the demands and requirements of people in that area and to attract your audience.

 

[vashconfigs]

So you are opening a business. You should ask your self am i prepared on everything good or bad happens? Do i have enough materials, idea and money to start a business. If answer all this questions maybe you can decide if you will start or not your business.

 

[Seun4luv]

Why do I want to start? Can this business idea make me money now and in the future? Who is my target audience for my business? Who are my competitors? What is your USP?How will I market my business.

 

[chicnthin]

Will I be determined and consistent throughout the entire time of doing business is the question I'm gonna ask myself. One thing that I don't like about me is sometimes I'm inconsistent on some of the things I do. Also, I want to remain determined as if ever I fail, I would still try everything I can to achieve something.

 

[Robrown83]

To my own view, I think the first question you need to ask yourself is how much do I have at hand or in bank and how much is the expenses to incure on the propose business. This is very important because your capital will determine the kind of business you can do.

 

[Smithkid]

At some point or the other we have all had the thought to open a business based on what we think will be profitable within our region. And at that point that we talked about developing a business they were serious questions that crossed our mind. Some might ask themselves about the profit that they are able to achieve from their business, whilst others will ask themselves about what business would be the best for the area that they are in. These questions of course will continue to vary depending on the person and what their desired outcome of the business is. In my opinion I believe that these questions are goal-oriented.

However, I think that the first thing that we should ask ourselves when opening up a new business is how committed am I to this venture that I am going into? To a large extent our commitment to a certain venture is what determines its success or failure. Therefore, if we are able to answer this first question there may be a lot more potential for us in developing a business even if it does not go along the path which we initially planned.

What were your first questions to yourself when you consider the opening of the business?

 

[WhiteHouse]

Do you really trust in your products/item? This isn't only an issue of "do you like your thought" or "would you say you are resolved to do it no make a difference what." The inquiry is, can you truly glance yourself in the mirror and answer the over two inquiries in the certifiable? Do you genuinely - yet not "energetically," as energy suggests a passionate inclination, and this isn't for you to offer interruption to think about your "emotions" yet rather your target examination of your thought - do you really and judiciously trust in your item so much that you can cause others around you to put stock in it as well?

 

[Lyrrex]

the most important thing that comes into my mind before starting a new business is planing. If a person have proper planning about his business strategy, then he could handle it even in the worse conditions, second thing is to understand the demands and requirements of people in that area.

 

[Seyesystem]

The first question to ask when starting a new business is to consider whether you have the full knowledge of the business that you are embarking on because business is full of risk and the higher the risk the higher the return so many people may not have the required knowledge of the business they are going into which may lead to business failure. Secondly you must consider the targeted market of the business you are about to venture into before you start the business and lastly there must be available market for the blood products you are going into make sure you do your market research very well before going into such business.

 

[Ralphjoe]

Before I start up a business I ask myself some pertinent questions to which I must have an affirmative answers to before I will consider setting up the business if I can't give positive answers to these questions then I will discard the Business. Some of these questions that I normally do have ask myself is that am I really ready to start this business? do I have the capital requirement to start and run this business? do I see much potential in this business.

 

[Kehinde]

• Who are My Primary Competitors in the Industry? ...
• How Is the Market Responding to This Industry? ...
• How Is My Solution Different From My Competitors? ...
• Who Is My Ideal Customer? ...
• How Will I Market My Business?

 

[Sucrelove]

At some point or the other we have all had the thought to open a business based on what we think will be profitable within our region. And at that point that we talked about developing a business they were serious questions that crossed our mind. Some might ask themselves about the profit that they are able to achieve from their business, whilst others will ask themselves about what business would be the best for the area that they are in. These questions of course will continue to vary depending on the person and what their desired outcome of the business is. In my opinion I believe that these questions are goal-oriented.

However, I think that the first thing that we should ask ourselves when opening up a new business is how committed am I to this venture that I am going into? To a large extent our commitment to a certain venture is what determines its success or failure. Therefore, if we are able to answer this first question there may be a lot more potential for us in developing a business even if it does not go along the path which we initially planned.

What were your first questions to yourself when you consider the opening of the business?

Yea that is very true sometimes I ask myself those questions

 

[BrolySSJ]

• Who are My Primary Competitors in the Industry? ...
• How Is the Market Responding to This Industry? ...
• How Is My Solution Different From My Competitors? ...
• Who Is My Ideal Customer? ...
• How Will I Market My Business?

This is all very important questions that must be answered throughout the course of the research phase when you are investigating a busienss scenario. The first one is very important because without knowing the competition that is within the market you will be unsure of how to promote yoru product and how to advertise it in a way that encourages the customers to leave who they are already purchasing it from to come to your busienss. You must be able to offer them something different in order to be a successful business.

 

[Kamon c4]

There’re questions that pops up when trying to think of a business idea. These questions are based on the elements of why,who and how. The first question that comes to mind is why do I need to set up this businesses? The answer to this question set the aim and goals for the business. The next question that comes to my mind is who needs my products? This question will help you understand your market and set a distribution chain for your business. Lastly, how do I sell my products? This answer to this particular question will be your market strategy and advertisement techniques

 

[Highflyer]

Before starting a business I will ask myself if I'm well prepared to face challenges, if I'm ready to take the risks involved and damn consequences in the journey. I will do a strategic planning of everything I need to succeed in the business before venturing into it.

 

[Sunnytee]

• Why do I want to start a business?
• Can this business idea make me money now and in the future?
• Who is my target audience for my business?
• Who are my competitors?
• What is your USP?
• How will I market my business?
• How will I price my products?
• Do I have the funds to start this business

 

[Sake]

For me it is, how far do i want it to grow? What can i offer more to secure my business sales? Can i handle the pressure? Because I've been pressured a lot by my own expectations which my previous business hasn't met. Having a business goal is now a must for me.

 

[Profuk57]

I think they are many question to be asked when opening a business especially if you have not had any experience whatsoever in business before the number one question I will ask myself if I am to go into business is do I really like this business? will it be profitable? how will I help solve mans problem? am I setting this business in a good location?

 

[Diamond07]

You need to ask yourself if you are really ready. There should be as strong motivation behind you starting a new business, to make money and to solve other people's problem through that.

 

[Quert]

Why should I start a company?

It can look obvious, but sometimes without even thinking about the why we want to start a company. What inspired your business idea, and are you still excited about it?