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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.

 

[ashim kate]

If you are just wanting to start your business and you should be able to analyse how the business growth is going to look like in the next couple of years. You should be able to ask yourself question about whether the products that you plan to sell will be useful to people in the coming years or whether it is just for short-term gains.

 

[Dav1d]

I agree with you on this, the very first thing to do would be to make a business plan, but before you can actually make a good business plan, there are certain things you need to put into consideration. What business do you plan on going into and why that particular business. Remember if there is no passion for what you do, you might easily give up. After sorting this out, try to determine your target audience, does your products and services are ment for, this would play a major role in terms of how you make your plans.

 

[Kubiat-Abasi]

One of the first thing to do when you're about starting a business is to have a cogent business plan, and that plan must have a 'B' plan incase of unforseen circumstances such as; the covid-19 pandemic. Also, you need to be specific about the capital, the location and the number of manpower you wish to employ. You should also avoid the urge of unnecessary loan and excessive spending as well.

 

[ELSA-ELI]

You have to do a comprehensive market research and determine how your idea will be turned into a business.Only then can you be able to roll out your business or launch because you now have the basic findings on wat is expected in the business.

 

[Kubiat-Abasi]

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're right! One of the first things to do when starting a business is to examine and re-examine yourself, if you're capable and if you have passion for the business. You see, most people venture into a business because of how popular it seems to be, and at the end of the day the business will either decline or collapse because there was no passion. Also, you need to be acquainted with the available resources and manage your resources. You should be able to develop a feasible business plan which has a plan B that could salvage losses incase of unforeseen circumstances like the Covid-19 pandemic.

 

[Desmond opara]

At first you have to seek for ideas and also look for a suitable place so that you will be able to sale in any kind of business you are opening because some people don't like going to a dirty area to eat or to buy something so you must make sure you kept everywhere nice and you have to calculate your self very well see if you have enough at hand before thinking of opening a business, If the capital is good enough then pay for a rent that is if you are a tenant after all this i think the business we be opened successfully.

 

[dorcasy]

Planning to me is not the priority for starting a business, idea is the first factor that needs urgency before you even think of planning.
Many business we see today had so many plans on ground that in couple of months they should be at sky scraper but today they are no more.
You can have a plan but idea will give the direction on how the plan should be executed.

 

[Ononivami1]

The first thing to do when you are about to start a business is that you must be fully ready and everything must be well planned. You need to have raised enough capital for the business in other to have a huge profit.

Well articulated! It's very correct that you've got to make serious plans for the business and you needed capital to successfully launch it. The business plan should come first because it would reveal the amount needed to start off. In short, the most important aspect for a startup is the well designed business plans.

 

[ashim kate]

When you have a business in mind that you want to start the first thing you should do is research. You should be able to find out about your target audience and the kind of demographic that are that they have. You should also study your competition to see the best way in which you are going to be the leading person in the market.

 

[Ridorz]

Well, to start a new business need some steps to take before the business can be take in which to make the business foundation strong. The first thing is a business idea after that you will make a research in which to know the amount of capital you will need to start the business and the suitable Location to the business, and then, you will make a strong plan on how to be running the business.

 

[ashim kate]

The first thing you should actually do whenever you want to start the business is that you should first ensure that the product that you are trying to build this relevant and something that customers are willing to pay money to have. There are a lot of people who have made mistakes in businesses because they had enough money to invest or they were just investing into something that they saw other people doing it and it was becoming profitable.There are a lot of people who have made mistakes in business is because they had enough money to invest all they were just investing into something that they saw other people doing it and it was becoming profitable.

 

[Ridorz]

When you are about to start a business, the first thing to do is to make a proper research in which to know the right location and the amount of capital you will need to start the business. After that, you will now make a good and strong plan on how to run the business, you can even make all this done before you get a capital.

 

[Chibson]

Any one who wants to venture into any business must do proper market plan. it is quite very important for you to do a very good research before venturing into a business. Another thing you should estimate is the amount of money you are going into it the business. Location is also quite very much important and should be put into consideration.

 

[Chibson]

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

Definitely, before going into a business it is very important you are emotionally fit to manage a business very well. Sometimes problems can be overwhelming in business and if you're not emotionally strong will you cannot be able to manage your business well. Determining the amount of capital you have is also very important that you have stated.

 

[Chibson]

First thing to do when you are about to start a business is that you must have a well laid business plan. The plan must contain the business process's like the surveys, location and all that. Also I think you should examine your self to actually Know if you really have the skills or what it takes to start that particular business also ensure resources are available at your disposal to run the business smoothly and successful.

Conducting proper survey before venturing into a business is very important. it will help you to determine the needs of the people that is in the location in which you want to situate the business. It is one of the most important aspect of business planning. Knowing the needs of your potential customers is quite very much important for you to run a successful business.

 

[Chibson]

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.

Of course it is very much important you're right down the business plan. There are some people that keep business journals and this helps them to stay in track and also keep to their plans. This will also help you to be very disciplined in business and to be able to record everything that should be done and should not be done when you start the business.

 

[Marcelino1]

Building marketing plan is very important for a new business because when it is properly built it there is a high probability that your business will be a success. This is where a lot of people who venture into new businesses make mistakes and of course that will lead to a decline in their business progress. When you have a proper marketing plan there is a high probability that your business will succeed in a very short period of time.

 

[a_jerobon]

Building marketing plan is very important for a new business because when it is properly built it there is a high probability that your business will be a success. This is where a lot of people who venture into new businesses make mistakes and of course that will lead to a decline in their business progress. When you have a proper marketing plan there is a high probability that your business will succeed in a very short period of time.

That is very right. A business that starts with planning a marketing strategy actually has so much potential of succeeding faster than one that just let's the business advertise itself. That is why it is important to start with surveys and research about what people will need from the business. It is through taking surveys that you inform people what you will be selling and make them aware before you start.

 

[Marcelino1]

That is very right. A business that starts with planning a marketing strategy actually has so much potential of succeeding faster than one that just let's the business advertise itself. That is why it is important to start with surveys and research about what people will need from the business. It is through taking surveys that you inform people what you will be selling and make them aware before you start.

A lot of people who wants to venture into businesses and downplay the importance of taking surveys before starting a business. that alone can give you a lot of information about what people want in a particular business and if you do that you already have an edge over competitors. Business needs a lot of strategy and methodology for you to succeed.

 

[Shigobad2020]

The first thing you need to do when you are about to start your own personal business in my own opinion is to get ready your business idea, and you should research on it to make it a good and a better business idea that's ready to be used for an actual business.