Things to take note when starting any business

Johnson2468 · Jan 13, 2023

Develop a business plan
Understand your industry and market
Choose a business structure
Obtain necessary licenses and permits
Create a budget
Create a website and establish an online presence
Develop a marketing strategy
Create a sales plan
Plan logistics and distribution
Secure funding

cherry123 · Jan 13, 2023

Yes it is always good to create a budget and work in it. you would be able to run a business better this way

Shavkat · Feb 22, 2023

All of these you mentioned are needed and can be covered when conducting a feasibility study. It is the main core of knowing if the proposed business is viable or not.

cherry123 · Feb 22, 2023

A good research would also help to give a business a better stance as you only be adopting methods that will work for your business and not against it all the time

IB D · Feb 23, 2023

Also, try and do market survey. It is very important. You won't want to finish setting up and no one is patronizing or they are pricing you down. This is also very important.

Starmix · Feb 23, 2023

What I did first was to save. I need some amount to have a start-up business. It was so timing for I was offered a franchising business then having the capital, I started right away, with no prejudice.

Heatman · Feb 23, 2023

Johnson2468 said:
Develop a business plan
Understand your industry and market
Choose a business structure
Obtain necessary licenses and permits
Create a budget
Create a website and establish an online presence
Develop a marketing strategy
Create a sales plan
Plan logistics and distribution
Secure funding

Without having a business plan there is no way you can be able to start up any business because it is the Foundation of any kind of business that you want to do.

Johnson2468 · Feb 23, 2023

Heatman said:
Without having a business plan there is no way you can be able to start up any business because it is the Foundation of any kind of business that you want to do.

After you have acquired the adequate knowledge about whatever business you want to do, the next thing is business plan. It serves as a road map that gives direction on how to move to get to the business goal.

Heatman · Feb 23, 2023

Johnson2468 said:
After you have acquired the adequate knowledge about whatever business you want to do, the next thing is business plan. It serves as a road map that gives direction on how to move to get to the business goal.

Exactly, you can't have a business plan without knowledge of the business. It's the first thing to work on, then the business plan and next capital.

Springtime · Feb 23, 2023

Johnson2468 said:
Develop a business plan
Understand your industry and market
Choose a business structure
Obtain necessary licenses and permits
Create a budget
Create a website and establish an online presence
Develop a marketing stra
Create a sales plan
Plan logistics and distribution
Secure funding

I think all the things you listed are needed when someone is starting a business. I just want to add that the entrepreneur needs to have passion in his/her business and must have self confidence and determination in what s(he) is doing

eldavis · Feb 24, 2023

Another important factor to take note of is your business location. Where do you plan on placing the business, is this place a good enough site to reach out to your target audience?

Reedex · Mar 11, 2023

The most important thing that should be taken into consideration is the risk that is in the business.

Niyi Briggs · Mar 12, 2023

You have to take note of the proposed location that the business would be sited. Also, you need to take note of the market trends in that business.

Things to take note when starting any business

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cherry123

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cherry123

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IB D

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Heatman

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