Anonymous
Anonymous asked in Business & FinanceSmall Business · 1 month ago

should I start my own business?

7 Answers

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  • 4 weeks ago

    Start your business when you are ready now. Your business might be what people have been looking for. As they say, you'll never know unless you start. Don't wait for another day as there are people who are possibly thinking of putting up the same business which you have in mind.

    And since you are about to start your business, here are some points which you have to consider when your business is already up and running to ensure its stability over the years:

    1. Cash flow management - It is vital to monitor unpaid invoices because if those are paid late, one's cash flow will be greatly affected in which no money will be generated which makes businesses go under.

    2. Hiring employees - It is best to hire the right applicants by requesting them to present their previous work as well as asking them behavioral questions. The tendency of hiring the unqualified is that there will be low levels of productivity.

    3. Time management - Not managing one's time will result to goals not achieved at a specific time; therefore, it is important to set goals/business plan that will guide one to complete tasks on time.

    4. Delegating tasks - As mentioned earlier, hiring employees that do not correspond to the needs of a company may have a negative feedback to one's business; thus, hire employees that are able to multi-task and handle different responsibilities wihout creating conflict.

    5. Choosing what to sell - Nowadays, there are a lot of competitors of a business. It is essential to execute a market research regarding products that will really hit target audience over time.

    6. Marketing strategy - It is not sufficient to have employees and products; digital marketing should be incorporated with one's business because there are billions of people that can be targeted which will make a successful grow.

    7. Capital - Capital is one of the biggest challenges in starting a business, for a business will not be complete without a capital; however, it is not necessary to have a huge amount of capital. 1 month or 2 months salary can be used to invest in a business. On the other hand, if one has to launch a multi-million dollar company, one may reach investors, traditional banks or family and friends.

    8. Business growth - Being complacent can be one of the factors that a business go under. With this, it is crucial to monitor every activity of a business as well as to appoint trusted employees regarding the situation.

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  • 1 month ago

    If you have that confidence than yes but i dont think that bcoz u r asking peoples openion it means u dnt trust urself than ...dont even try to do business 

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  • Anonymous
    1 month ago

    Based on this question? NO.

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  • Anonymous
    1 month ago

    Probably not if you have to ask strangers, don't have any expertise or capital. Doomed for failure.

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  • 1 month ago

    Maybe, that depends on many factors.

    If you just hate working for someone else but do not have a well thought out and financed plan, then no, you should not start a business.  However, if you have a well thought out plan and you have enough money to implement it, go for it.

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  • 1 month ago

    thats up to you, i heard they have grants around to start your own business

    • Wayne Z
      Lv 7
      1 month agoReport

      No.  There are not.

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  • Anonymous
    1 month ago

    Business on the toilet, yeah

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