Your tips at starting a successful business

[ganibade]

To make a successful business, you need to set up your plans to follow when start your business. First thing to do is to have an ideas from your mentor that will give you real ideas of that business you what to do. You try to get standby money in bank and at hand.

 

[Good-Person]

I think experience might be really important, so it is advisable to become an internee in a company and gather some great experience about how businesses work. There are many successful businessmen who first worked for a company and later started their own business.

 

[Kane]

You might think your idea is great, but it may not be a great business. IN fact great idea does not build a great business, you need great strategies to build a great business. Business success with only proper marketing strategy

 

[Abasiama40]

To start a business that will be successful, you have to set business goals and objectives, and work towards achieving them. You must have enough capital ready, choose the best location for the business, know your target customers.

 

[kayode10]

Business is all about seeing a problem and solve it. The business you are going to establish must solve a problem. And you can do this by researching the market first to see the problem people are facing. Then you can create a solution in terms of product or service.

 

[greenie]

The only two tips for a successful business that I have in mind are plan for the business and enough capital. For a business to be successful it will need good plan and also enough money to start the business because of it get to a stage that he needs to buy some materials for the business but the amount he has might not be enough and the business owner might buy bad quality material and this will affect the business

 

[mayumi97]

You have to make sure that you know the ins and outs of the business. Never start one just because someone else was successful at it. Sit down and think about the vision and mission of your business. Determine how the business intends to achieve its objectives. Set up internal control systems for the business to ensure that it is operating efficiently and that its assets are protected. Hire the right team. Work relentlessly towards your goals.

 

[kayode10]

My advice for you is that you need to have a mentor who have already build couple of successful business. You should also surround yourself with entrepreneur of the same mindset. This is going to help you a lot whenever you are not motivated to continue building the business.

 

[Alexandoy]

The only tip that I can share to the newcomer in the business industry is to have an emergency fund that is equal to 50% of the capital that you intend for the business. I know that 50% is big money and more likely you cannot afford but you need that otherwise you will go to lenders that will charge you a high interest rate. That can happen to a business.

 

[Shigobad20201]

The business tip for begginer is that they should always make a research before venturing into any business and location is very important and to get the money to fund the business ready,

 

[Ononivami1]

The tips to starting a successful business is to have a good business plan on ground. This business plan will enable you to make the right business decisions and will guide you through your business journey.
The tips to starting a successful business is to have a good business plan on ground. This business plan will enable you to make the right business decisions and will guide you through your business journey.

 

[Syldan]

Some of the tips for starting a successful business, first of all you generate a good business idea, plan and then find out those strategies that will generate fund for you to start the business.

 

[Josephjossy]

The first and the most important tip is to have a good understanding about the business, you can only succeed on business you have good knowledge o. and also to have a good business plan

 

[Sotherefore]

It's just for you to have the required capital needed to start up a business, your understanding of the business you are establishing also play a very important factors in determining the success of your business. Educate yourself and get adequate information of any business you are interested to established

 

[Shigobad20201]

The first and the most important tip is to have a good understanding about the business, you can only succeed on business you have good knowledge o. and also to have a good business plan

If you want your business to be succesful , you must first get a good business idea and plan , make research on it to know how the business is being run, getting getting good and better location is also important.

 

[Sincerem]

For any aspiring entrepreneur you would be faced with some certain challenges but with proper planning and set out strategies you can overcome them. Before venturing into any business first understand what your goals are and the kind of customers your wish to serve, this will go a long way to determination the sustainability of your business.

 

[Shigobad20201]

It's just for you to have the required capital needed to start up a business, your understanding of the business you are establishing also play a very important factors in determining the success of your business. Educate yourself and get adequate information of any business you are interested to established

In order to be able to have a succesful business , you need the actual required capital in business so that you won't start your business with a loan that might affect your business.

 

[Sotherefore]

In order to be able to have a succesful business , you need the actual required capital in business so that you won't start your business with a loan that might affect your business.

Lolz, I don't know if people are still establishing their businesses with the loan nowadays even with a repeated warnings that sometimes getting a loan to start up a business may be risky. Well sha i am surprised.

 

[Shigobad20201]

Lolz, I don't know if people are still establishing their businesses with the loan nowadays even with a repeated warnings that sometimes getting a loan to start up a business may be risky. Well sha i am surprised.

Imagine when you started a business with a loan and you don't have any other source of income to pay back the loan, you have make sales and you need to restock your store with goods and at the same time you need to pay your debt, if you don't repay your debt on time , you interest will keep increasing and if you pay , there won't any goods in your store anymore.

 

[Sotherefore]

Imagine when you started a business with a loan and you don't have any other source of income to pay back the loan, you have make sales and you need to restock your store with goods and at the same time you need to pay your debt, if you don't repay your debt on time , you interest will keep increasing and if you pay , there won't any goods in your store anymore.

I have said it before that it is absolutely necessary for people to have an external source of income first before thinking of starting a business with a loan.. that is just the reason why there is a lot of challenges with loans. Thanks for the explanation.