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Thread: 10 Tips To Start Your Own Business

  1. #31
    Join Date
    Jul 2019
    Posts
    4
    When it comes to starting a business both small and large scale business has there own needs. So, below I'll be mentioning those tips that are required for all types of businesses.
    Tips to start a business:-

    1) Study and keep a note on all pros and cons: When it comes to starting a business there are not many pro and cons associated with it. It's very important before starting a business to go through all risks, challenges, benefits, etc because it's better to take the right decision initially than changing it later.

    2) Keep it easy and not complex: As you know every business opportunity comes with a risk associated with it. So, it's very important to not spend or invest that much initially in the business till the time u start getting returns as if by chance the business doesn't give the expected results it'll get really difficult for u to look back and try some better ideas.

    3) Bring business online: Nowadays it's an era of digitalization. So, it's very important to move according to the trend and bring business online no matter whatever it may be. You can also contact a good web development company to develop a great website to bring your products and services online.

    4) Start Small: Every business that starts smart and small go far as it has less cost involved with it. For example, when Amazon was started they just started with selling books and later they expanded.

    I hope the above points with help you and your venture.

  2. #32
    Join Date
    Sep 2017
    Posts
    98
    Quote Originally Posted by Varnishakalra View Post
    When it comes to starting a business both small and large scale business has there own needs. So, below I'll be mentioning those tips that are required for all types of businesses.
    Tips to start a business:-

    1) Study and keep a note on all pros and cons: When it comes to starting a business there are not many pro and cons associated with it. It's very important before starting a business to go through all risks, challenges, benefits, etc because it's better to take the right decision initially than changing it later.

    2) Keep it easy and not complex: As you know every business opportunity comes with a risk associated with it. So, it's very important to not spend or invest that much initially in the business till the time u start getting returns as if by chance the business doesn't give the expected results it'll get really difficult for u to look back and try some better ideas.

    3) Bring business online: Nowadays it's an era of digitalization. So, it's very important to move according to the trend and bring business online no matter whatever it may be. You can also contact a good web development company to develop a great website to bring your products and services online.

    4) Start Small: Every business that starts smart and small go far as it has less cost involved with it. For example, when Amazon was started they just started with selling books and later they expanded.

    I hope the above points with help you and your venture.
    I like the point you bring it seems you focus alot on not starting big, Amazon is a great example of that. I must say you also say that every business is a risk. I know entrepreneurs with money tend to start big. Because they realize time is also money. They will roll the dice start 3 business go big and find one that is a cash cow ( makes a heck of a lot of money ) while you being cautious may still in that same period be building for the next 3 years on something that may end up being nothing. These entrepreneurs weill then take the moeny tey made from the cash cow invest it nd repeat the cycle or add the brand to their portfollio and repeat the cycle.

  3. #33
    Join Date
    Jun 2013
    Posts
    77
    I would focus on selling a very unique product or service. You need to stand out from the crowd.
    Chris
    IRS Registered Tax Preparer
    https://incometaxprepfillmore.com/

  4. #34
    Join Date
    Sep 2017
    Posts
    98
    You cant re invent the wheel and the odds of doing that is very low. What most coporates do so well they take a existing service or product and improve upon it, they innovate it.

  5. #35
    Join Date
    Jun 2013
    Posts
    77
    There are so many duplicate products. I agree it is very hard to find a unique product.
    Chris
    IRS Registered Tax Preparer
    https://incometaxprepfillmore.com/

  6. #36
    Join Date
    Sep 2019
    Location
    USA
    Posts
    20
    Tips for starting a small business
    Address excuses. Countless people dream of becoming entrepreneurs, but they never do.
    Absorb everything. Listen to what others have to say—friends, family, experts, even yourself.
    Be a solution.
    Keep it simple.
    Count the costs.
    Imagine yourself with zero money.
    Earn while you build.
    Speak up about your business.

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