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[Razor1911]

Setting up a new business is not easy. You need to do extensive research about everything. It is a time taking process but if done correctly, it will yield better profits for your business.

The first thing a business starter needs to do is to build a proper market plan. Planning consists or how much money you have to put, what will be the Manpower requirements, advertising criteria etc. Once a plan is successfully drafted then only you go for the next step which is capital building.

 

[Razor1911]

Pertaining to the question on the first thing to do when you are about to start your own business. Well, the article above have said it all , planning is most essential in creating or owning a business. Proper planning with visibility studies on the area of establishment are very good to know before raising capital

Most people thrust on capital gaining at first. I think, a properly scripted plan is more important. Specially, the money management is necessary before depositing the money. It will ensure there is no short or ooverflow of liquidity.

 

[Niftyicon]

Most people thrust on capital gaining at first. I think, a properly scripted plan is more important. Specially, the money management is necessary before depositing the money. It will ensure there is no short or ooverflow of liquidity.

Having the capital at hand without a good and realistic plan before hand can lead to squandering of such funds even before the business sees the light of day.

 

[Razor1911]

Having the capital at hand without a good and realistic plan before hand can lead to squandering of such funds even before the business sees the light of day.

The capital is a vital asset, which needs to be managed properly. Without plan, if the capital is invested, then there will be high chance of loss due to lack of knowhow about the market and it's depth.

 

[Ridorz]

I think the first thing to do when about to start a business has been mentioned by you guys already. Plan is the first step to take, and because plan contained a lot of business processing. So, after good then we can go ahead to use capital.

 

[Razor1911]

I think the first thing to do when about to start a business has been mentioned by you guys already. Plan is the first step to take, and because plan contained a lot of business processing. So, after good then we can go ahead to use capital.

I would say market research is the first thing, then only you can plan for your business. For example, after your research is complete you found Apple is in high demand in the market. Then you can search for any plan for procurement of apple and selling it.

 

[brinceaabi]

for 100% success in business you need to write a planning on paper that how you start and how to end this with success like investment amount where to invest but do a survey before start.

 

[Razor1911]

for 100% success in business you need to write a planning on paper that how you start and how to end this with success like investment amount where to invest but do a survey before start.

Writing down the plan is the very important in business. Drafting of the plan should be done meticulously. Because your business will walk in that direction that created by your planning. That is how important it is.

 

[TAH123]

First of all you need some strong plans for future to establish your bussiness before starting a bussiness. But I think market research is also very important to know that what people like and what people dislike.

 

[LutherKing]

You made a golden point , there should be made calculations about of each quarterly possible and according to results make changes to make sure you stay in profits

 

[microunit]

Well the first thing obviously is the pre-planning, whether the business you are trying to create is viable in the space or in the audience the you are targeting , Also ask yourself if you can really devote yourself to your business

 

[a_jerobon]

I agree with you that planning is the first and most important step in business. Through great planning, you will know the amount of capital, best location for business and the customer needs that you need to provide.

 

[Ridorz]

I agree with you that planning is the first and most important step in business. Through great planning, you will know the amount of capital, best location for business and the customer needs that you need to provide.

Yes, plan is very imperative before establish a any kind of business. And under the plan, the first thing to do if you want to make a good plan is that you have to make a research.

 

[kaycee001]

The first thing to do is to study your business plan .Do finishing touches erase the spirit of fear and be positive that the business will succeed .Also take a final survey ask questions nd study the market.

 

[LutherKing]

Agreeable best location and best advisors along with a good marketing strategy can loft a business up any where present in a way short amount of time

 

[Corzhens]

If the business is about to start up it is important to have guests for the lucky vibes of the business. Even a new office is inaugurated whether in simple or not simple celebration. I go for the ritual of having people in the business place upon opening.

 

[BullyMaguire]

Agreed. Every business needs a plan or it wouldn't work for a long time. I find it hard at first always because I don't know what to do.. how to handle things and how to separate income and profits

 

[Ridorz]

The first thing to do is to study your business plan .Do finishing touches erase the spirit of fear and be positive that the business will succeed .Also take a final survey ask questions nd study the market.

You are really right of what you said. Having a positive thoughts about the business and believing in your self is the key to run the business successfully.

 

[Setfragil]

The first thing to do when you are starting a new business is to examine yourself to know if you really have what it takes to starts the business. You need to know if the resources available at your disposal will be enough to run the business successfully.

 

[Ofonime]

The first thing to do when you are starting a new business is to examine yourself to know if you really have what it takes to starts the business. You need to know if the resources available at your disposal will be enough to run the business successfully.

You seems to make a good point here the first step should be for you to examine yourself and know if you will be enough to manage your propose business also focus on capital management,you need to know how to manage the startup capital and others ways so it wont end you half way this are some of the basic features you need to check before starting a business