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Questions and StoriesCategory: Questions🎰 What Do You Think Is Most Important When Starting a Business?
Shane Collins asked 2 months ago

🎰 What Do You Think Is Most Important When Starting a Business?

When we start a business we face so many challenges raising the capital, finding a business plan that works, finding trust worthy people to work for you, managing your accounts where does all the stresses and worries end? How do cope with with these challenges and what do you think is the most important things to focus on while planning to start a business?

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15 Answers
Jackson Mugarura answered 2 months ago

Capital availability is the most important to me. Because without capital no business can exist.

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Nnaemeka Victor answered 2 months ago

Most important thing is the business plan

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Nnaemeka Victor answered 2 months ago

Closely followed by the capital

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Leno Jean Pierre answered 2 months ago

The most important is knowing How that business works and Armed yourself with skills that will help you to run it. If don’t know these two things you will not be able how to start, where to start and which strategy to use.

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Gareth White answered 2 months ago

Understanding what it is you are selling. So many people start a business not really understanding their product, whether it be professional services like finance or a physical product like a toy. You have to know the ins and outs of it otherwise you cant sell it to its full potential. Once you have this then you can move onto the business plan, financing etc

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Kenneth Ogbonnaya answered 2 months ago

Is business plan followed and by survey .

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Leno Jean Pierre answered 2 months ago

Yes Mr Gareth, whatever we decided to do, we have to understand it very clear how it works.
If you don’t know for example the product you want to sell and how to sell it, i think you plan yourself to fail. We must ask always these questions before starting a business :what, how, where, when and why. The answers will help you to build up a good plan to start your business .

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Kenneth Ogbonnaya answered 2 months ago

Starting up a business requires a profound business plan and survey, so I think these 2 are the most important thing to do

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Gareth White answered 2 months ago

What is the survey you are referring to? Do you mean market research?

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David Matlala answered 2 months ago

To have the proper mindset of a businessman and the rest will fall into place.

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Edward Duffy answered 2 months ago

A business plan is extremely important as this is your roadmap to success

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Kenneth Ogbonnaya answered 2 months ago

Starting up a business requires stringent plan and business survey.

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Eli Davis Keinamura answered 2 months ago

Proper systems planning procedures is the most important factor in starting business. Planning for factors of production like land , capital and labour,is more important than mere having capital without a plan.

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Kenneth Ogbonnaya answered 2 months ago

Capital availability, the area in which u want to institute the business, knowing if the business will be suitable for it, and u always rebrand, and advertise your product in order to attract customers for u

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adharad answered 1 month ago

I think capital and inner readiness. Readiness for capital in building business and inner readiness to face failure. Besides that, business skills also need to be improved.

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