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starting your own business

Mildredtabitha

Active member
Share your experiences in starting your own business.Tell us the challenges you have faced so far and how yo dealt with it.Being your own boss is fun but we actually dont have a plan to get there or that its not jus fun but hardwork.
 

Alexandoy

Well-known member
When the pandemic hit us last year more than several of our neighbors who lost their jobs shifted to small business. Mostly cooked food being sold in the neighborhood. Until now some of them are continuing the small business for their livelihood. The customers are used to the business that they automatically order for delivery the night before. It is good business because the capital is small, less than $100,
 

Wasarad

New member
The most important thing that you should have for business is an idea that you like and you are sure that other people will like it.
 

Nocturnal Writer

Active member
When this pandemic starting, everything seems paralyzed. The mobility of the people is being curtailed. Business being suppressed. People devise a plan to earn by putting up a small business. But it won't last long.
 

edsaqwer

New member
I agree that the idea determines a lot when creating and promoting a business. However, an idea without a clear plan is worthless. You need to calculate your company's fixed and variable costs, predict profits, and be prepared for both positive and adverse events. I lost my business because I mismanaged assets. I listened to you, not the figures in the reports, and made irrational decisions. As a result, I had to turn to insolvency specialists in antonybatty.com. The main thing is to have a good team. Good luck!
 
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Mildredtabitha

Active member
The one for cooking food that Alex has mentioned seems to be a good idea. A friend once suggested the idea of starting food business. The capital needed is very low. This friend told me that after preparing and packing the dish, all I need to do is give it out to few people for free so they can eat and if they like it they will start buying. Seems like an affordable way of marketing.

If I will ever venture in food business then I'll take my friend's advise.
 

Nocturnal Writer

Active member
I agree that the idea determines a lot when creating and promoting a business. However, an idea without a clear plan is worthless. You need to calculate your company's fixed and variable costs, predict profits, and be prepared for both positive and adverse events.
That could be achieved or realized when you have to make a feasiblity study considering all those influencing factors to make your plan workable and realistic.
 

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