2007-03-26 22:40:44 · 13 answers · asked by Rose 1 in Business & Finance ➔ Small Business
Starting a business is exciting but it can be scary. You don't say what business you are interested in starting or where you have an experience. Nor do you say if you have a product or service that will be the basis of your business.
The first step is to decide what business you are looking into starting. Will it be a service you are providing or a product you are selling? Do you have experience with this service or product? Who are your customers? How can you approach your customers? You will need a license depending upon where you live, you will need to keep accurate records. You may also need to get a tax id, or obtain insurance. How much will it take to start your business? How will you pay for your financial obligations while you are in the begining stages and may not have much income? How can you generate more sales and get more customers?
If you can afford it you may want to invest in a business consultant who can help you get started. There are also non profit organizations who may be able to help you in this area. If you are in the US contact the small business association they can help point you in the right direction and may have a workshop to help you with everything you need to consider.
I also suggest you visit the library and look into books and read up on the subject.
2007-03-26 23:55:39 · answer #1 · answered by Wicked Good 6 · 0⤊ 0⤋
hi
if u wanna start new business then the first thing u need to do is learn how the business works..i mean knowledge abt d product in wich u wud deal ..after dat arrande som capital and start d business ,,, if u have the capital ready then investing in business without knowing abt it wud nt be a clever decision ...so first thing u should do is learm abt the business first .. and i f u looking for finance then u can contact icici bank they really have some low interest rate plans on which they issue easy personal loans to people
2007-03-27 11:47:07 · answer #2 · answered by Nash 2 · 0⤊ 0⤋
It depends on what business it is you want to start but you need to thoroughly research the industry, competitors, start up costs, overhead costs, staff etc.
Once you have found out what you are dealing with you need to start a business plan. For example, you need to set aside a certain amount for marketing, for financial advice (possibly) etc.
Once you have your business plan you can see how long it will take for you to make a profit and how much money you will need to begin with and how much you can expect to make. This is important because you may find that the start up costs are so large that the end profit is not worth the bother.
2007-03-27 06:14:02 · answer #3 · answered by Anonymous · 1⤊ 0⤋
How to start a business? There are thousands of ways to start a business online. And it all depends on what you wan't your business to be. You may have your own products to sell online or you may wan't to promote associate/affiliate programs.You may have somthing in mind that you feel passionate about if you do then build your business around somthing that you love to do.
Best wishes,
Have a Great day.
2007-03-27 09:30:09 · answer #4 · answered by answer 3 · 0⤊ 0⤋
I found a really awesome business and it only costs $10 a month! Although your first 7 days are free!
Go to http://www.freedom.ws/money4ubiz and watch the video.
Once you have done that let me know and I can give you some more information on ways to promote that business and ensure that it works for you.
2007-03-27 12:55:01 · answer #5 · answered by jr2419h 1 · 0⤊ 0⤋
My husband and I have an online/offline retail business that might work for you. I can't give you details here since it's against the rules of this site but send me an email or check out my profile if you'd like more information.
2007-03-27 08:59:55 · answer #6 · answered by Anonymous · 0⤊ 0⤋
Plan. Plan. Plan. See the Small Business Planner at http://www.sba.gov/
2007-03-27 12:24:18 · answer #7 · answered by carl j 3 · 0⤊ 0⤋
It depends on what is the business what is the capital investment . To know more on type of business you can visit
http://a2zhomebusinesstips.blogspot.com
http://a2zhomebusinesstips3.blogspot.com
http://a2zhomebusinesstips4.blogspot.com
2007-03-27 05:46:29 · answer #8 · answered by Anonymous · 0⤊ 1⤋
Pick fresh rose from garden. Sell in market. You are in business. You are florist.
2007-03-27 05:52:33 · answer #9 · answered by Anonymous · 0⤊ 1⤋
study maket, purchasing power, infrastructure and competition . then u can start market with reseach in this sector
2007-03-27 07:52:17 · answer #10 · answered by kumar_subodh1984 2 · 0⤊ 0⤋