Your commercial activity to get income is what is tagged business. could be anything, either a profession or a trade.
It's a regular occupation that involves making money.
Having a business comes with bearing the risk alone and being responsible for the debts of the business and likewise working for someone can be so demanding and tiring.
The preferred one is owning a business to be free from the shackles of working tirelessly for others and the best part of owning a business is having a successful and progressive one.
These days everything is becoming so easy like staying home and having a successful business all that matters is your devotion to it
Owning a business can be demanding at first because it requires
Every one of us has an idea of what business to run if are asked randomly but the important thing is to go through that ideas thoroughly to do better than others.
just like @youngkedar98 made mention in post titled BUILDING WITH THE CONSUMER IN MIND:THE CONSUMER CENTRIC MODEL
he said:
Instead of thinking about what you want to build and finding a market for it, you work the other way round. Focusing on the market, watching the trends and demands. You then build accordingly, in this way what you create won't be out of touch with reality.
ask yourself why you intend in running the business
differentiate if your why is a person why or granting marketplace why
know the reason to work with your customers, to make life simple for them, or to bring attention and help their world better
This involves understanding those you intend to sell to , the purpose of what you want to venture into, the cost of setting up, how high the demand is, and your competitors.
Business plans help you overcome difficulties and to have a successful business
Capital is needed for business, consider the funds to start up
Talking about having a million dollars for business what business would that be.
When it comes to business the important thing is providing what is needed or what you feel is necessary, that way you get demand always and a successful one
The level of agriculture here is low even with the favored weather and soil,problems like inadequate storage tools and implements to cultivate a large piece is a challenge which makes the cost of foods high and in high demand.
Having a million dollars would make me invest in the agricultural business to provide the necessary tools for adequate production of foods in high demand.
It is sure the best one because food will never go into extinction and will always be in demand.
It a type of business to always get demands.
Agriculture is fine. Nice tips too.
It one cool business to invest in.
Thank you for dropping by.
All these you mentioned are very vital to starting a business. You don't just have a business idea you ensure the business idea solves a problem. People want to buy items that makes life easier for them. It's important to consider that first and once you have that figured out then your business plan should include how to get started, how to get funds, how to get customers and how to keep the customers.
It's also important to not be in a hurry to make profit because when it doesn't happen as fast as you wish it to, one ends up being discouraged. Business takes time and patience to grow.
Great post.
You've just summarized it.
Exactly that the way to have a better business.
Thank you for dropping by.
You are welcome