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Thread: What are the essential steps to start a business?

  1. #1
    Junior Member Evakone's Avatar
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    What are the essential steps to start a business?



    To be successful in starting a business, what is required?

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    Member Phino's Avatar
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    Quote Originally Posted by Evakone View Post
    To be successful in starting a business, what is required?
    Shortly speaking, you have to have lots of knowledge, experience and money, of course. Entrepreneurship is a skill, you can't acquire it in a day. No matter what type of enterprise you will have, don't forget about fire prevention systems, it's really vital (just many ignoring this) https://www.americanbackflowprevention.com/

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    Junior Member Rilan's Avatar
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    Even during the earliest days of your startup, think about the bigger picture. Try to establish as much structure as possible so that your business will operate smoothly into the future. This means taking time to think about the responsibilities of co-founders as well as how you plan to attract investors.

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    A well-forecasted plan, sufficient investment, and co-operative organization is the first step towards starting a business.

  5. #5
    Member Stardust's Avatar
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    Depends on what type of business you want to develop. But having a start capital is almost always a must for any business.

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    Senior Member MoulanaRafi's Avatar
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    Impressive information it is. Thanks for share it.

  7. #7
    Junior Member AurelioOndricka's Avatar
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    Here are the essentials steps to start a business as follows:-
    Choose a Business Name
    Know the legal Structure
    Make Business Plan
    Get Licence and Permits
    Commercial Space
    Business Insurance
    Payment System, etc.

    Rather than this, you can also create a clone android application with the help of the clone script application which does not require any essential plan. Only need clone script and some creative ideas.

  8. #8
    Member GoyumV's Avatar
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    Documentation i.e. you need to register your shop with the government and get a PAN card and a bank account in the name of your shop.
    Define (write down) the activity you will like to perform and who your target customers are.
    Identify customer need.
    Identify the cost of raw materials and suppliers then calculate the cost of producing the end product.

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    Junior Member serebrina's Avatar
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    Sometimes the issue is solved easier. Calculate how much free money there is and what amount you are ready to risk. After all, business is not only profit. there are losses

  10. #10
    Member lincy's Avatar
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    Interesting post.Thanks for sharing this

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