Thread: I want to start a business
11-14-2017, 11:14 AM #1
I want to start a business
I want to start a business as young and as early but I am afarid I might not be able to handle it well. I also do not know what to resell. Can you suggest something?
11-24-2017, 12:46 PM #2
Can you share which type of business you like to open depend upon that we can share some information
11-25-2017, 04:48 AM #3
If you still clueless of what or where you want to invest, if money is not the problem, is the things that interest you most that bring joy to you. Because if you are passionate in what you are dealing with, it will succeed. Fear is common, but it shouldn't stop you from achieving what you want and do.
11-25-2017, 05:18 PM #4
Without mentioning on what kind of business you really are planning to pursue on. I can give you a few tips though.
So to start a business, you first really need to have a capital, a starting amount for your business. And this applies to both offline and online businesses.
Another important matter would be budgeting. It is very important in a business to actually know how to handle money. Now, the usual computation will always be "Cash - Expenses = Capital, Income, or Excess Cash;" but the most advisable computation would be "Cash - Savings - Expenses = Capital, Income, or Excess Cash." You see, the good thing about the second computation is the existence of your "Savings" which can be used as either an extra income or for payment of your business liabilities and/or expenses.
Next one would be the products that you are planning to sell. Whether it be offline or online business, we all know that the best products to sell would be those trendy and new products that you surely know will eventually boom in a short span of time. However, there is a bit of a difference when it comes to offline businesses because this type of business actually requires you to have your own location on where to actually have this business happen but before even choosing the right place you still have to check on whether such place is accessible for your desired customers. And once you have that location, you then have to think again if your desired business will be demandable in such location. And if not, you either stay there and think of another business or go and look for another location which you think could be great for your business.
11-26-2017, 04:15 AM #5
The business will depend if you want to start it online or offline. You have to identify a market gap so that when you start a business, you are sure you will have people come to you to buy what you sell.
You need enough money to invest in the business. You also need a trusted supplier who will always bring products to you when your stock is over. You need to check the climate conditions and if they might likely affect your business.
You can choose to sell products for men, women, children or everyone in general.
11-27-2017, 05:49 AM #6
If money is not problem with you, then its good. But you must really think wisely what is your choice of business. You must evaluate what are the businesses that are on demand now.
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11-27-2017, 05:50 AM #7
You can do drop shipping, aleanna0926. Try to find a niche which you find interesting about or is a trending item for your online store. Through Shopify you're basically ready to go since they have a pre-made template for your website and from there you can add products which you may drop ship from AliExpress, EBay or Amazon. Finding the perfect niche and group of people who are really into your products can help you grow your business even faster.
11-27-2017, 06:28 AM #8
It is great that you are thinking of starting a business at your age. If you are afraid you can't handle a business well, don't worry, all businessmen had their worries before they succeed in the business world. You'll be fine. I can give you some tips:
1.) What are the current trends?
You must consider observing the market and ask yourself. What are the hot items today? If I sell or resell these, will anyone buy?"
You should know your budget or purchase of products.
Where will you sell your products? Physical store or Online Shop. Online shops are the trendiest nowadays. People can easily browse your shop's page and pick their item to buy and receive it a day or two after.
It's not a business if you don't spend money. You must consider budget for your operating expenses and other expenses like packaging of your products, shipping, transportation and others.
A well-promoted business is a business that becomes successful. You should think of ways on how to reach the public or much bigger audience. From them, there maybe some potential buyer.
Do not overprice products. The buyers can compare prices with your competitors. Be wise.
11-29-2017, 07:18 AM #9
- Skills to work for someone or any companies.
- Products to sell.
Other than that you need to have a website to present what about your business to your customers and start selling your products there. If you don't have a website, you can use social media to sell but this requires you have a good knowledge about social network marketing to find potential customers.
11-29-2017, 05:48 PM #10
That is great!
First think on what do like or where are you good at? Passion is the most important thing that you should have before you open any business. Make sure you really love and willing to sacrifice for it.
Secondly, set your mind and know yourself. It will be easy for you to handle any challenges in opening a business.
Third, have a thorough research about the product, target market, and costs.
I'm sorry, I know you a suggestion on what will be a good product. The truth is only you can answer that. Remember this just enjoy and be passionate about it and the answer to all of your questions will follows.
12-01-2017, 04:29 AM #11
1. Type of reseller business.
2. Your knowledge of that particular type of reseller business.
3. Your market.
4. Your competitors.
5. The feasibility.
Meanwhile, you can try to enroll a course or attend some pieces of training related to reselling. Also, there are a bunch of available information and e-books available online that you can study. good luck to you.
12-01-2017, 08:34 AM #12
Hello. Just like you I also want to start a business of my own. At present I am trying to gather tips as to how I can do business online since I prefer a similar kind of business. One thing I can share with you is that you choose a business or line that interests you a lot and you love doing. Like for me, I like baking, so I might start advertising my baked goodies via my Facebook account (it's free anyway :-)). I can spend a lot of time doing it, creating new flavors every now and then and sharing it with the friends and co-workers (aside from my family who loves my baked goodies too). So whether I succeed in doing it online or just offline, it doesn't matter, because what's important is I love doing it and I am willing to always improve my skills in baking. Good luck!
12-06-2017, 12:18 PM #13
The first thing you should do is gather your resources, ensure that you have enough funds to run your business. Try to check whether you have a good location for your business. Always gather information from your family and friends, try to brainstorm with them, answering all the "what if?" and always have a back-up plan for it.
Being a young entrepreneur will not be easy, ready yourself physically, mentally, financially and spiritually. Educate yourself by attending seminars related to your business style, meet-up with business minded people and be open minded by the ideas being presented to you.
Lastly, pray for it, let the will of God guide you in every decision you will make, let God manage your finances and I assure He will provide you with everything.
12-06-2017, 04:06 PM #14
Many people believe starting a business is a mysterious process. They know they want to start a business, but they don't know the first steps to take. If you want to start your own business first you need to ask your self where your good at? Can you really handle a business on your own? Do you need to shell out money before you can do your business? How and when your going to start? what kind of business is good to work on? A lot of young people start a business without considering those factors. So before we do action to what we want to achieve have those questions answered first. Those answer will lead you to a good way on starting your own business.
Starting your own business as young as possible is really good but a lot works needs to be done and learn.
12-11-2017, 07:03 AM #15
I hope this helps a little bit. Cheers and goodluck.
12-11-2017, 12:11 PM #16
If you know about programming or writing web content then go with upwork or freelancer sites, they can hire you for web projects.
12-14-2017, 02:33 AM #17
This all depends the direction you would like to go there are so many options when starting a business. You can invest with another big company as a part of there team. You can purchase items, refurbish, or up fit to be able to sell. It is important to create a direction, and it would not hurt to make a five to ten year plan. If your business turns profit and continues after five years you know you have something long lasting, keep it going. Having a plan of what you are wanting to invest is important too. There is always the option to gain share holders to help you if you are planning to open a large company. Good luck to you and I hope you can find the right direction to go when investing.
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