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What Should I Think About Before Starting Up A Business?

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    Do you have something to sell, will people want to buy your goods or services? That's what you need to consider.  Think it through, don't invest a lot of money in a good idea if people won't buy it. You need to do some market research, people will go to convenient, well marketed places with decent prices, don't sell fruit and vegetables next door to a supermarket, only the insane will shop in your shop.

    Think about how you are going to staff your business, where will the premises be, how much money will you need to earn every month in order to have a turnover?

    You need to think through these kinds of things before you can start off. Make out a business plan, this is a good way to work out if you know how to run a business, it will help you decide if you should or should not invest your time and money into a big deal.
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    Epictetus  

    answered 3 years ago

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