2006-09-06 04:05:56 · 18 answers · asked by Shay J 1 in Business & Finance ➔ Small Business
The most important aspect in starting a new business is having the capital to sustain yourself for what ever time frame you think you will need to generate a profit. It is also important to have a solid business plan so you know where it is you are going and not just shoot from the hip.
2006-09-06 04:13:55 · answer #1 · answered by goldsteinandclegglaw 2 · 1⤊ 0⤋
Already some have answered capitol, an idea and motivation. All very good answers but I believe a good business plan can lead to capitol, form and refine your idea and set a road map to success that can be very motivational. Seek on line info, books at the library, or assistance from your local Small Business Administration on writing a good business plan. A bank will want to see it for a loan! Yeah, I gotta go with business plan.
2006-09-06 04:26:44 · answer #2 · answered by ranxerox666us 3 · 0⤊ 0⤋
If its a service, which i would recommend more than a product, the most important element is a customer...well, a lot of them. Figure out how to find them, and everything else will come together. good luck
2006-09-06 04:14:45 · answer #3 · answered by mickey48071 1 · 0⤊ 0⤋
There is no such thing. A business is a complicated undertaking that requires a combination of technical skills, people skills, capital, and sheer luck.
2006-09-06 04:22:30 · answer #4 · answered by NC 7 · 0⤊ 0⤋
Just like the other answers here...MONEY is most important.
As a rule of thumb, it costs you twice and much and takes you twice as long as you think it will to get a new business started.
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2006-09-07 08:12:31 · answer #5 · answered by nickdc1960 7 · 0⤊ 0⤋
Motivation !
Followed by money, commitment, people skills, patience, and a willingness to accept that your ideas are not always the best ideas and that you may need to change to stay in business.
2006-09-06 04:10:42 · answer #6 · answered by sirade1 4 · 0⤊ 0⤋
Enough working capital (cash or a secure line of credit) to get started and established.
It also doesn't hurt to know how to spell/type/proofread.
2006-09-06 04:10:05 · answer #7 · answered by LoneStar 6 · 0⤊ 0⤋
Understanding the target market, key benefits for your customers.
Also have a look at Porter's five forces. It is worth considering your competitive environment...
2006-09-06 04:22:10 · answer #8 · answered by mbnes 2 · 0⤊ 0⤋
The best answer is "customers". If you know how to drive sales, then everything else is easy.
2006-09-06 04:48:04 · answer #9 · answered by AngiesHusband 5 · 0⤊ 0⤋
an idea!!!!!
without that waht will start doing. When you ahve an idea you can look for capital etc
2006-09-06 04:11:33 · answer #10 · answered by Vaness 2 · 0⤊ 0⤋