🎰 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?
Capital availability is the most important to me. Because without capital no business can exist.
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.
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
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 .
Starting up a business requires a profound business plan and survey, so I think these 2 are the most important thing to do
What is the survey you are referring to? Do you mean market research?
To have the proper mindset of a businessman and the rest will fall into place.
A business plan is extremely important as this is your roadmap to success
Starting up a business requires stringent plan and business survey.
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.
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