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[Medowriter]

If one want to start a business, there are lots of factors to be considered before starting the business but there are few basic one to be primarily considered. In my own opinion Environment should be the first. What your opinion?

 

[anilmr]

If one want to start a business, there are lots of factors to be considered before starting the business but there are few basic one to be primarily considered. In my own opinion Environment should be the first. What your opinion?

In my opinion, the most important factors for your business to succeed are the business concept should be innovative and unique, you should have the right skills and talent to run the business, hard work is another key factor, also you need to have a wide network and conntacts and lastly how you boost your sales is very important.

 

[Brain]

My most for me is knowledge of the business, without knowledge to you might just waste your capital on a business you know nothing about.so first do all the needed reserach and take all the market survey before starting.

 

[Nocturnal Writer]

My most for me is knowledge of the business, without knowledge to you might just waste your capital on a business you know nothing about.so first do all the needed reserach and take all the market survey before starting.

Be particular on what knowledge is important in business. Can you enumerate them? We're interested to know them for they might be very useful for us when we want to go into business.

 

[Brain]

Be particular on what knowledge is important in business. Can you enumerate them? We're interested to know them for they might be very useful for us when we want to go into business.

This is self explanatory,don't go into a business that you have not gather enough information about. You will do better with the right knowledge.it just like one jumping in to start a paid forum with no knowledge of how it actually works,before you know you might close it down and might be owing users. So bottom line know how a business works before venturing into it.

 

[SCAMEXPOSER]

You are right @Brain, every business requires background checks and detailed feasibility studies so that you don't end up wasting your money.

 

[Bilalgul]

I think the first thing one should consider is his or her on per financial status and one should take into account that how much money one can invest safely and how much can we export to Los completely goes in business all of your money can be lost to so first you should take into account that you can lose all of your money and usually investment you are very close

 

[SCAMEXPOSER]

I think the first thing one should consider is his or her on per financial status and one should take into account that how much money one can invest safely and how much can we export to Los completely goes in business all of your money can be lost to so first you should take into account that you can lose all of your money and usually investment you are very close

You are right though regardless your financial status, good financial management skills limit the risk of loss in every business. It is important to the risk assessment of the business before going into it.

 

[Reznov]

The first factor is the financial situation, you have to take that you will spend a lot of money on that business to reach its success on consideration, if you don't have enough money you will just stop in the middle with no success and with all of your money spent on an unaccomplished project, another factor is that you always have to put alternative and calculate the exceptions, so whenever something that's out of the usual happens you know how to deal with it.

 

[SCAMEXPOSER]

That's the essence of business plan and feasibility studies , without this two in place the business may not see the light of the day to be sincere. Clear financial commitment is key .

 

[SCAMEXPOSER]

There are critical factors that every business must put into consideration whether online or offline. Business plan, feasibility studies, potential customers and competitive analysis.

 

[Mbwolf]

I think before starting a business you need really know what you are diving yourself into
because if you have no clue about you are doing you are not gonna go up you will just lost the game form the first second
so after starting something do research

 

[SCAMEXPOSER]

Once an idea is conceive the next is planning and research to see the possibilities or feasibility while execution follows then management grows and sustain the business.

 

[Spider]

every business is based on the financial side at the first place, also known as if you have to enough money to set up your business on , you will not succeed

 

[SCAMEXPOSER]

every business is based on the financial side at the first place, also known as if you have to enough money to set up your business on , you will not succeed

Probably you meant if one doesn't have enough money he may not succeed in business, if that what you meant you might be right to an extent but excess money is not a guarantee to business success only good financial manager succeed in business.

 

[RaOne]

Money, money and money, if you don't have the enough basic financement capital for that, you might end up in the middle of the road without achieving anything, so think about before even thinking about starting a business.

 

[Brain]

You are right @Brain, every business requires background checks and detailed feasibility studies so that you don't end up wasting your money.

A business might not leave it's foundational stage with an owner without the right information regarding the business. To succeed in business having a bit of knowledge about it is King.

 

[SCAMEXPOSER]

That is why it is better not to rush launching a business, you take your time, learn it, plan it before you execute. It is most times advisable to start small them expand.

 

[Balint098]

Knowing what to do, plan ahead and plan in long-term, be ready to adapt to sudden change since the current world is dynamic and the ability to survive.

 

[Balint098]

online business don't take environment factor

What do you mean by this? Some online business I know take environmental problems very seriously, they even donated some of their profit to plant more trees.

 

[Balint098]

What I meant is not this but in terms of marketing the business , some on Bangladesh doing online businesses might get aales from his country but from other countries.

I see. Well, America and most western countries are far more richer than eastern countries and they have better living standards, that's why they can spend more.