how to start?

June 7, 2008 9:19am CST
can anyone tell me how to start a business? what are the essential for conduct a good business?
2 responses
@chennai_b02 (1735)
• India
8 Jun 08
For every business, you should select the nature of business, need cash for investments.. you should have a knowledge about the product/services which you are going to provide in your business. for some of the business, you have to get some of the essencial approvals from the Government bodies. You should get the place where you can able to run the business, select the same.. The nature of capital needs to be decided, is it your own money, or borrowing capital, if borrowing, is it from your own relations, or from outside parties, if you get it from outside, is it considered as "LOAN" for which will you going to pay the interest or will you pay any share from your profit.. or will you treat them as your partner...?? Deside the same clearly.. Starting the new business is not easy.. even more things needs to be considered.. i have mentioned about are only the samples..
@jesbellaine (4157)
• Philippines
8 Jun 08
Hello There. Welcome to mylot. Hope you enjoy your stay here. Well, what type of business would you like to start? You should know the business before you start one. Happy Mylotting! Cheers!