Your tips at starting a successful business

[Tracee]

Always have a winner's mindset, so after researching on your choice business, get a mentor on that business so you continue learning as you strive to succeed.

 

[McIrx]

You must have a plan, you should have a mentor someone who will guide you,you must be ready to accept failure and learn from it

Having a plan is good but recent events has shown that having more than just one plan is crucial to business success. Those with just one plan were forced to close their business when Covid struck last year.

 

[Jhayms07]

Well for me,the first thing must be a solid plan, capital isn't the first thing you think about. The business idea mist have been thought through,plans laid down,then a survey must be done as regards the business. Capital also is very key

 

[eLdavis]

Well for me,the first thing must be a solid plan, capital isn't the first thing you think about. The business idea mist have been thought through,plans laid down,then a survey must be done as regards the business. Capital also is very key

Nice one, many feel they need the capital first before they make a plan. Personally I also think that having a plan first is most important, because if you do not have a plan you would end up spending the money on wrong things.

 

[Ralphjoe]

If you want to start a successful business then you should be aware about all the little details. You should be aware about your competitors and also the kind of customers that you are looking for.

I think this has to do with the research for a business so that you will know everything about the business before you even think about starting of the business hours of business is a very delicate activity that can stand the chance of failure.

 

[Trexxxy]

I think we have gone over this so many times on these forums, there are lots of factors that ensure a successful business operation right from the start. The first is capital, business plans and utilization as well.

 

[Seno inyang]

Business plan and survey
Capital needed depending on business type
Skill needed to help business grow
Avoid unnecessary spending
Personally, No sales on credit

 

[kayode10]

Do market research to know the weakness of your competitor. Spend more time and resources on promoting your products or services for proper awareness.

 

[nimzy]

The first tips which i always consider and will advise alot of people to also engage is the knowledge which is always the first thing to.be done in any kind of business because with the knowledge it will be very difficult to run the business effectively.

 

[Yhubee]

Enough capital, A perfect business plan, Adequate knowledge about the business and learning more from mentors who have been experienced for years.

 

[kayode10]

Don't treat your worker is like a machine. Always encourage them to do more by rewarding their hard work attitude. Find a way to beat your computer in the marketplace.

 

[Nsisong]

Firstly have a plan a well marked out business plan or strategy, then work hard towards executing the strategy, Then save up enough capital for the business. A business plan is very essential so you don't go jumping into the business without a plan . The plan includes the business, the strategy,how you gain ,how you lose,location, demand and supply, expenses, market strategy and many more things this plan will guide you to success

 

[eLdavis]

Don't treat your worker is like a machine. Always encourage them to do more by rewarding their hard work attitude. Find a way to beat your computer in the marketplace.

Lots of business owners make this same mistake, they feel their are trying to get good and quick results. While some they do not actually do it on purpose, they are just hard workers on their own but they fail to realize that not everyone is as hard working as them.

 

[Ralphjoe]

The first tips which i always consider and will advise alot of people to also engage is the knowledge which is always the first thing to.be done in any kind of business because with the knowledge it will be very difficult to run the business effectively.

A lot of people used to say that the capital is so most important aspect of the business and I will say that that is not true because knowledge appens to be one of the most important aspect of a business that even if you have the whole wide world capital today and you had the knowledge of the business that you want to go into then that business will surely fail.

 

[Ghost1]

Beginning a company you should truly have actually a great strategy in the direction of is actually so as to have actually an effective company, you should find out about business prior to entering into it.

Exactly, every thing boils down to plan and proper information. Before starting a business one should be able to gather as much info as he needs and plan for it

 

[Shigobad20201]

The tips to starting a successful business include;
1. Research and survey on your business idea to know if it is going to solve people's problems.
2. Writing a business plan.
3. Looking for the required capital or making sure you have enough.
4. Setting the business in a good location.
5. Implementing all skills required to make the business successful.

Writing a business plan is a good way of making a succesful business, and normally in order to start a business , you need to make a good research and have a huge amount of money to execute your plan.

 

[Setho]

If you want to be successful in business then you should not be running away from competition instead you should embrace them and learn from them. This will also help you to improve your own business.

 

[Kvngsammy]

The first thing for you is to get in-depth knowledge and analysis of your desired market. Never start a business you're not well informed about.
Next is to carry out a proper market survey to know what opportunities are available for you
Then you draft a good plan and implement

 

[Heatman]

Before starting a new business in my opinion, you should always make sure that you have everything sorted out in terms of research about the business to know it's strength and weaknesses before you jump into it.

 

[Essy]

I would agree that proper planning would be a great way to start a business but also it would be if great importance to have a team, a team of advisors, a legal team to provide information and support