Starting a small scaled business

[Kinglegend01]

majority of us wants to own a business establishment or just a business of our own. A business is defined as an organization or enterprising entity engaged in commercial, industrial, or professional activities. Businesses can be for-profit entities or they can be non-profit organizations that operate to fulfill a charitable mission or further a social cause. I think to establish a business, you have to be absolutely sure that you have the passion and motivation to run and keep the business on its feet. You should take the following steps:
• Conduct market research. Market research will tell you if there's an opportunity to turn your idea into a successful business.
•Write your business plan
• Fund your business
•Pick your business location
• Choose a business structure.
• Register your business

 

[Ekuvero]

Before owning a business they are alot of things to put into consideration before running a business for example the commodity that strives in your demographic location that people often purchase outside your demographic location. affiliate marketing or making sales and comjng in contact with clients through social media, a strategic locations to set up your business, marker research about the inflow.demand and supply of the goods and registering your business inline with government directives. Though for a business to grow massively it do take upto 3years to 4years

 

[Georgeadawara]

Starting a small scale business is very important for a starter. For you to start a small business it is good for you to have your plans no matter how small the business is having a business plan will always gives you directions.
You can start by buy some needy product in your environment . Then people will be getting use of your from then they will be asking things that you may want to add to your business.

 

[Queentener]

majority of us wants to own a business establishment or just a business of our own. A business is defined as an organization or enterprising entity engaged in commercial, industrial, or professional activities. Businesses can be for-profit entities or they can be non-profit organizations that operate to fulfill a charitable mission or further a social cause. I think to establish a business, you have to be absolutely sure that you have the passion and motivation to run and keep the business on its feet. You should take the following steps:
• Conduct market research. Market research will tell you if there's an opportunity to turn your idea into a successful business.
•Write your business plan
• Fund your business
•Pick your business location
• Choose a business structure.
• Register your business

Starting a small scale business is not an easy peasy. Honesty,it takes a lot of grit and determination to start one. One major attribute to have a successful business start up is to be consistent. You have to be available 24/7. And try and tap from other people experience on your same line of business. All the best to the entrepreneurs out there

 

[Olajidey]

A small scale business and a large scale business, a business is a business and you have to follow all the rules guiding it in other to be successful in it, most import is the business plan make sure the business plan is well organised and also the capital to start the business. it is always advisable not to start up with loan.

 

[Hena101]

Majority of people want to start and established a business but their problem is is they don't want to start small or the don't know how to start small and this is doing more harm to our youth more than you know or expected but there is no voice to cry for them. But starting a small business scale is good but please always sell what is needed in the area not what you fell like selling because this is the major problem of our youth they just engaged in something they know nothing about only to came out crying.

 

[Ahmedo24]

Small scale businesses are very important because they feel the purpose of why they are established has lots of people live in different areas where are some basic needs might not be present so as a small-scale business starter or potential starter he just runs much as possible to do your findings to insure your business will break even in six months.

 

[Haypril]

Starting a small scale business Is almost the same thing as starting up a large scale business. The only difference is the capital involved. Nevertheless, whether it is small scale or large scale business, it has to put into consideration some of the things every business needs to succeed. Things like location of business, availability of the final consumers, good roads, availability of raw materials and resources.

 

[Doradorwa]

Starting a small scale business is very hard... I'm saying this from experience... Because it is so little that you can be bothered about the little income and therefore feeling insured or discouraged... Sometimes the little things we feel is within our reach sometimes proves to be a bit harder than we think...

 

[Mellorando]

To start a business like this proper location as well as proper initial capital must be considered to success in such a business failure to consider this will bring about shortage in profit someone who decides to start a small scale business must also consider availability of consumers in the area or location

 

[Ahmedo24]

Honestly having a very good business plan and the needed capital is very important because when you don't have enough capital you tend to manage and when you manage you may not be able to break even in your business as fast as possible so with all these factors in place and very good location because market is very important in business.

 

[Sotherefore]

Starting a small business if you are interested is the very important especially in a good location and if you think of going into this type of business you must understand that your business is not the best for you too joke around,you must not give someone a product or services uncredit except it is absolutely necessary and I advise you not to even do it at all.

 

[Samuel72]

Not all mini business require business plan when you are about to start it up, and mini business does not require marketing or advert. All you need is to give out promo on a business and you will get much customers. Mini business is very easy to start up and also it does not require much capital. When starting a mini business all you need is capital and your business idea.

 

[btaliat]

Aside from capital and ideas. There are still many factors to be considered when we want to start a buinsess. All these are to prevent dwindling of business and also to ensure maximization of profit. We need to consider the location and the target market. Location will ensure that we are the right target for our goods and products. While target market will let us know the type of goods to involve in.

 

[Alexandoy]

I know of someone who started a business without a business plan. When there was a problem he would call on me for consultation. That happened too often that I was forced to write a business plan for him so he would have a guide in the operation of his retailing business. Fortunately he learned the business after several months.