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[AudraMiller]

When you start a business there is a time period between having the idea and then actually being able to implement the idea. It is very rare that you are able to see someone that has an idea and can immediately begin with the business within the next few days. How long do you think is a sufficient time frame that you should be doing research on a business idea before starting to take it into reality? Typically my opinion would be around four to six month to ensure in depth research over a sufficient time frame.

 

[gammarays]

I think many business should have this , I think some refer to it as contingency fund ,just Incase the business is actually having problem of financial growth they would actually refer back to the fund and probably make use of it

Yes it's very necessary for every business. Just that we have so many carefree business owners who just joined the bandwagon to do business. Every project should have backup funds for critical periods.

 

[Wisdom01]

Yes it's very necessary for every business. Just that we have so many carefree business owners who just joined the bandwagon to do business. Every project should have backup funds for critical periods.

Definitely and the back up funds should not be too small that it would not have effect Incase of urgency , atleast some backup funds that are actually worth it is already enough for the person to actually put into consideration

 

[Franca01]

True good management is part of the importance of business ,because a lot of business have gone bankrupt because of bad dealings

Business will always sustain long depending on the way it is always been manage, Most business failed just because the business was badly managed and this can always usually caused by the managers.

 

[Player1]

Starting a business usually requires time. Before you can fully start a business, you need an idea, then from there you create a business plan. A lot of research is needed and if possible training before you can go into the business. There is no specific time frame for this.

 

[IB DD]

The timeline taken to start a business is hugely dependent on the kind of business and the resources available to the entrepreneur. All things being equal, I think it should take about 6 months from ideation to the eventual kickoff of the business.

 

[Paras.sun]

To setup a new business takes lots of time and energy it depends on your effort and capital the more energy and more capital you have help you to start as soon as the idea comes in your mind but it better to learn complete things that are essential to start any type of business you must have proper strategy.

 

[btaliat]

You can start a business at any point in time when you are sure that you have gained experience and as well have some capital to start this business, otherwise you may run into some issues if not.

 

[Bolajimi]

Depends in the business that you want to start and the basic knowledge gives more adventage to learn it fast and with good skills

I think the best time to start a business is when you already have enough knowledge and also enough money to start the business so that you will not lack in any way

 

[IB DD]

Despite every other factor every idea should have a gestation period of 6 months so that tweaks can be implemented and grey areas in the idea sorted out. I am not a fan of rushing to start a business.

 

[Japhnet]

It's important to use that time wisely to do research and make sure the idea is viable and has potential to succeed. Four to six months is a good estimate of how long this process might take. During that time, you can look at factors like market demand, competition, and costs to make sure the business is feasible.

 

[freelancermariagrace]

Well, it depends on a lot of factors, such as the location of the business, the type of business you want to set up, and so on. The type of business you want to start today will affect the start-up costs. You might need to hire employees including a lawyer.

 

[Crystal247]

Time determination or time frame may be depends on you personally. Because you will consider if you're capable or if your financial ability would carried the kind of business you want to run till success. You have to think about it.

 

[Skylark]

The time it takes to start a business can vary depending on a number of factors, such as the type of business, the industry, the location, and the individual's experience. Generally, it can take anywhere from a few weeks to several months to get a business up and running.