how to start your own business?

India
May 3, 2009 9:13am CST
generally ,invetsment would be the main issue,isn'it? Finaicial support becomes a necessity.
1 person likes this
6 responses
@mommaj (23112)
• United States
3 May 09
Depending on what type of business you are starting you may only need credit. The biggest issue in any business is knowing what you are going to do, how, and how much money you are going to make. Nothing is 100% so the how much money you are going to make will only be an estimate and if you can't be sure of an income then your business will probably fail. There is also other things you need to consider more than money. One of the biggest things you need to consider is whether or not you are going to hire an employee. If you hire an employee all bets are off because you never know what type of person you will get.
3 May 09
It will also add a whole new level of costs, both in money and administration which will make it more difficult for your new business to succeed. Of course, you may be planning to do something that you can't do on your own, in which case you would be better off taking a partner who can also bring capital and expertise into the venture, than in just taking on an employee.
@ritika02 (214)
• India
12 May 09
yes, we always need to spend huge amount to start business, but in these days i am working on the site where you need to spend 13 dollar to join and then refer others, you get 5 dollar for each referal per month and there are products to sell you get 100 percent commission on them so i think it is n ot difficult to refer 20 person to get 100 dollar per month what do you think about it
@ralphido (842)
• India
3 May 09
nope.. the first and the foremost issue is to know how to make smart strategic moves.. the world is cruel out there.. and it shows no mercy to losers and mistakes are seldom forgotten.. so make sure you do the right kind of study on whatever you are planning. make sure that you have the edge over others for what you are trying to achieve.. study the market and learn its strength and weaknesses .. no what you can reap from the market... set specific goals for success..if once , you have a clear target,.. the path will turn itself around for you.. happy mylotting..
• India
3 May 09
You are exactly right buddy! But before investment there is an important thing you need to focus on, that is on what you are going to start the business and you need to collect information on that seriously to make it success. My best wishes :) Cheers and happy mylotting!
@benny128 (3615)
3 May 09
hiya there, there are a lot of ways of starting your own business I did it about 6 years ago with no financial investment. If you are starting your own real world business then yes it can be very very costly to start up, which is why I started an online business with virtually zero costs but alot of time investment. Depending on what type of business you want then I would say to anyone if you want to work for yourself then do it make it happen. You only get one life, so dont sit and think if only I had tried. Do it set your own business up and watch the money come in for your time investment.
• United States
3 May 09
My part time job is food services. I love it but sometimes it is trouble too... it is not everything easy to deal, especially with people in food services. But it is my part time job and it would be great for my freetime. Money is the main problem in business... you need to have a lot of buget and saving money for emergency situation might happen.