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Discussion in 'Starting a Business' started by ufxmarkets, Apr 23, 2013.
Basic things for start the buisness?
Venkat do you have a specific question? You really won't learn much from posting such general questions.
Firsty let me what type of business you want to start then i will tell you what basic requirement you need to start a new business.
capital is the basic thing to start a business
As per my suggestion, go for managing the financial and physical assets, develop your business plan, product development process, funding process, managing human resources, leverage information technology, billing and revenue collection, customer service and support.
What kind business your are looking for - Local, Global, Online, Domestic...????
Analysis, Planning, Implementation, Capital, target audience - are some points that are important for the start of business...
What kind of business are you going to start?
It's start to thinks first what time of Business you want to do. After that think about the Finance. How much money you have to invest 1st. After that so many things or procedure you need to follow.
Do your research. I cannot stress this enough. Starting a business with no information on your potential customers will result in failure. You need to spend time, and yes, probably some money finding out as much as you can about your target market and their opinions on your business idea / product / service.
An entrepreneur’s life can be a real roller coaster. Having started a few businesses in my career, I thought it would be useful to highlight some of the hard-won experience I've learned throughout the process — the kind of advice I wish I’d known when I started my first, or even second, business.
1. Don’t Underestimate a Business Plan
2. Don’t Get Stuck in the Past
3. Don’t Hire Friends
4. Don’t Dive in Without a Plan
5. Don’t Fall Into a Discount Trap
6. Don’t Be Afraid to Fail
While you can’t guarantee the outcome of any new venture, you can stack the odds in your favor. These are six lessons I’ve learned over time and countless others are out there. If you’re open, you can gain wisdom from everything you try and gather insight from fellow entrepreneurs. What do you wish you knew when you started your first business?
Hope you are getting some benefits from my post. Thanks.
Have a charming day.
Many business expert say that, when you start new business that's time you must fulfill 5 Basic things. Such as-
4. creativity and