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

  1. #1
    Banned 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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    Banned 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.

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    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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    Member MotifSky's Avatar
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    Like it was mentioned in previous replies, there are many of them and your general strategy will highly depend on the certain type of business you have.
    In general the most important things are having clear goals for your business development, well-made business plan, creating a professional and strong work team, developing an effective management system, building a network with your clients and business partners, investing in effective marketing strategy and so on. Keeping everything legal is very important for any business too, for example in case of trading with USA, Great Britain, Canada and so on it's necessary to know all their customs regulations and hiring different licensed customs brokers https://clearitusa.com/ for avoiding any illegal issues is a standard practice for any serious business.
    The blood in me gives me eyes to see (c)

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

  8. #8
    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.

  9. #9
    Junior 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.

  10. #10
    Member Mifso's Avatar
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    Thank you a lot for the great thread here. Do you have some tips about real estate too? I am thinking about Fort St Jon Real Estate, for example. I guess Fort St John is a very promising and interesting opportunity for businesses and investors. Have a look there to find out more
    Last edited by Mifso; 09-04-2019 at 09:37 AM.

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