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Business Ideas Forum
Funding a business
Primary concern when first starting your business!
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[QUOTE="Jasz, post: 206794, member: 61772"] The primary concern when starting any business is financial. The entrepreneur must have a solid idea of how much money is needed to start the company. If this is not done correctly, then investors will be reluctant to invest and the project may fail before it even begins. Potential investors are cautious due to the high risk involved in new companies. As the founder, you need to make sure that there is a solid plan in place. If you want to make money and build a successful business, you should also consideration should be the customer. What are their needs? What do they want? That sounds simple, but it's ignored far too often. Customers are not usually aware of how indispensable their needs really are. Starting a small business is an exciting and challenging experience. Fortunately, there are plenty of resources to help you make wise decisions, avoid rookie mistakes, and most importantly, realize your dream of becoming an entrepreneur. Lastly, I would say, aside from money which a lot of persons have for a startup, one should think about how to get customers, I don't think anybody brought that from heaven. You must define strategy to entice and get your customers to patronize you. [/QUOTE]
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Funding a business
Primary concern when first starting your business!
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