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6 Things To Do Before Starting A Business - Business - Nairaland

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6 Things To Do Before Starting A Business by flex04(m): 11:38am On Jul 26, 2017
Creating or starting a business is a huge commitment. It’s not an uncertain path, and often features details you may never have considered. To make sure you have covered all your bases before kicking off your business adventure, Jumia Travel, the leading online travel agency, shares some of the things you must do before starting a business.

Do your research

One of the essential things to do before starting a business is to research the competitive landscape. You do not venture into a business because you have a brilliant idea. If you can’t offer something better or cheaper than your competitors, you may want to re-think starting a business in that area.

Ask yourself why


Every entrepreneur should be able to answer the question, Why are you doing this? It seems like a simple question, but you may be going into it for the wrong reasons. It does not matter if it is for money or for the passion. What is needed is for you to have both and maintain focus. Outside of that, you are probably wasting your time.

Network

Networking helps you get potential partners and investors. You need to attend events where you will need to talk with many entrepreneurs, who have either succeeded or failed. The most helpful advice to learn is the impact of their lifestyle including finances, personal relationships, and health.

Get a mentor

A new business owner should have a mentor. The mentor will offer his advice as well as experience to keep you on track and ensure you do not lose focus.

Survey your target market

Determine and survey a focus group of the target demographic for the service or product you are offering. You must ensure that you are delivering what your customer wants, not what you want.

Seek legal advice

This is another important point entrepreneurs must take note of before officially opening a new business. They should seek legal counsel. Do not make the assumption that legal counsel is only necessary when you get into trouble with the law.


source: http://www.opinions.ng/6-things-starting-business/

cc: lalasticlala mynd44

16 Likes 1 Share

Re: 6 Things To Do Before Starting A Business by TINALETC3(f): 1:30pm On Jul 26, 2017
cool nice info, am starting mine by January

2 Likes

Re: 6 Things To Do Before Starting A Business by iMUMUweh(m): 1:31pm On Jul 26, 2017
shocked



lies!

when starting a business, never allow your village people to know!!



secondly, other people in the business will want to knock you out, so fortify yourself..

yes, get help from a strong witch (not from your village)


for one month, every midnight by 12am, walk nakeed (not unclad) into a thick forest close to a river carrying a black calabash tied with 7 red ribbons, and place your left hand on your chest shouting out loud:

"lions by my side, eagles above me; enemies of progress, be gone! go! go!"




do this and your business will boom


shocked

12 Likes

Re: 6 Things To Do Before Starting A Business by aezenkwu(m): 1:31pm On Jul 26, 2017
Nice write-up
Re: 6 Things To Do Before Starting A Business by Chidex2442(m): 1:32pm On Jul 26, 2017
Capital...... And plan b nko
Re: 6 Things To Do Before Starting A Business by Sambusiness(m): 1:32pm On Jul 26, 2017
Interested in Importation business?Am giving out Free guide A_Z just dm me pls only 5 people

2 Likes

Re: 6 Things To Do Before Starting A Business by Ladyisi1(f): 1:33pm On Jul 26, 2017
k
Re: 6 Things To Do Before Starting A Business by Arabiandude: 1:34pm On Jul 26, 2017
Your last point is so on point.
Re: 6 Things To Do Before Starting A Business by PointZerom: 1:35pm On Jul 26, 2017
TINALETC3:
cool nice info, am starting mine by January


Come lemme mentor you.
Re: 6 Things To Do Before Starting A Business by TINALETC3(f): 1:35pm On Jul 26, 2017
Really? U no even ask Wats d business like or cn u mentor on any type of business? cool
PointZerom:



Come lemme mentor you.

2 Likes

Re: 6 Things To Do Before Starting A Business by Arabiandude: 1:35pm On Jul 26, 2017
TINALETC3:
cool nice info, am starting mine by January
Which business do you have in mind?
Re: 6 Things To Do Before Starting A Business by PointZerom: 1:36pm On Jul 26, 2017
Sambusiness:
Interested in Importation business?Am giving out Free guide A_Z just dm me pls only 5 people


Why only 5 people?.
Re: 6 Things To Do Before Starting A Business by Drsheddy(m): 1:36pm On Jul 26, 2017
Nice!
Re: 6 Things To Do Before Starting A Business by Sambusiness(m): 1:37pm On Jul 26, 2017
That is the number of people am willing to give it out too
PointZerom:



Why only 5 people?.
Re: 6 Things To Do Before Starting A Business by brain54(m): 1:37pm On Jul 26, 2017
[quote author=Sambusiness post=58849412]Interested in Importation business?Am giving out Free guide A_Z just dm me pls only 5 people[/quote
abeg make it 200 people. mbok!
Re: 6 Things To Do Before Starting A Business by Arabiandude: 1:38pm On Jul 26, 2017
Chidex2442:
Capital...... And plan b nko
I think plan b is also very necessary, but having a plan b most times makes it seem that you think you might fail. But don't get me wrong, having a plan b is very important because a plan b will prevent you from falling totally if the business you re venturing into doesn't work out as planed.
Re: 6 Things To Do Before Starting A Business by TINALETC3(f): 1:39pm On Jul 26, 2017
Foods stuffs, only in bags(since I won't b dere 2 manage it, selling in bags wl b easier 4 me to supervise) ,
Arabiandude:

Which business do you have in mind?

1 Like

Re: 6 Things To Do Before Starting A Business by TINALETC3(f): 1:42pm On Jul 26, 2017
grin guy, u well so? grin
iMUMUweh:
shocked



lies!

when starting a business, never allow your village people to know!!



secondly, other people in the business will want to knock you out, so fortify yourself..

yes, get help from a strong witch (not from your village)


for one month, every midnight by 12am, walk nakeed (not unclad) into a thick forest close to a river carrying a black calabash tied with 7 red ribbons, and place your left hand on your chest shouting out loud:

"lions by my side, eagles above me; enemies of progress, be gone! go! go!"




do this and your business will boom


shocked
Re: 6 Things To Do Before Starting A Business by PointZerom: 1:43pm On Jul 26, 2017
TINALETC3:
Really? U no even ask Wats d business like or cn u mentor on any type of business? cool


I won't disappoint you.
Re: 6 Things To Do Before Starting A Business by iMUMUweh(m): 1:45pm On Jul 26, 2017
TINALETC3:
grin guy, u well so? grin

shocked

take my advice, thank me later
Re: 6 Things To Do Before Starting A Business by PointZerom: 1:46pm On Jul 26, 2017
TINALETC3:
Foods stuffs, only in bags(since I won't b dere 2 manage it, selling in bags wl b easier 4 me to supervise) ,


Where's your preferred location for this?.
Re: 6 Things To Do Before Starting A Business by PointZerom: 1:47pm On Jul 26, 2017
Sambusiness:
That is the number of people am willing to give it out too


Na so.
Re: 6 Things To Do Before Starting A Business by sekem: 1:48pm On Jul 26, 2017
Truly I'm surprised you didn't mention pray to God

And I think that's cool cool

1 Like

Re: 6 Things To Do Before Starting A Business by Iamsammy(m): 1:50pm On Jul 26, 2017
iMUMUweh:
shocked



lies!

when starting a business, never allow your village people to know!!



secondly, other people in the business will want to knock you out, so fortify yourself..

yes, get help from a strong witch (not from your village)


for one month, every midnight by 12am, walk nakeed (not unclad) into a thick forest close to a river carrying a black calabash tied with 7 red ribbons, and place your left hand on your chest shouting out loud:

"lions by my side, eagles above me; enemies of progress, be gone! go! go!"




do this and your business will boom


shocked
,guy are u doing this. just to b notice or na ur mumu reach dz level? Coz iv been following ur comments even since

1 Like

Re: 6 Things To Do Before Starting A Business by iykepromotions: 1:52pm On Jul 26, 2017
Great Points. Mentorship is quite important apart from capital.
Re: 6 Things To Do Before Starting A Business by Arabiandude: 1:53pm On Jul 26, 2017
TINALETC3:
Foods stuffs, only in bags(since I won't b dere 2 manage it, selling in bags wl b easier 4 me to supervise) ,
That's nice!
but hope you aren't thinking of buying these bags from cotonou because to the best of my knowledge, bringing these things from cotonou is illegal because most of them come into Nigeria through smuggling because they re contraband?
Re: 6 Things To Do Before Starting A Business by Abujalandlord: 1:54pm On Jul 26, 2017
One of the nicest posting on nairaland thanks
Re: 6 Things To Do Before Starting A Business by persius555(m): 1:56pm On Jul 26, 2017
iMUMUweh:
shocked



lies!

when starting a business, never allow your village people to know!!



secondly, other people in the business will want to knock you out, so fortify yourself..

yes, get help from a strong witch (not from your village)


for one month, every midnight by 12am, walk nakeed (not unclad) into a thick forest close to a river carrying a black calabash tied with 7 red ribbons, and place your left hand on your chest shouting out loud:

"lions by my side, eagles above me; enemies of progress, be gone! go! go!"




do this and your business will boom


shocked

Seun, is this the newest rabies patient on Nairaland or what?
Re: 6 Things To Do Before Starting A Business by PointZerom: 1:58pm On Jul 26, 2017
Arabiandude:

I think plan b is also very necessary, but having a plan b most times makes it seem that you think you might fail. But don't get me wrong, having a plan b is very important because a plan b will prevent you from falling totally if the business you re venturing into doesn't work out as planed.


Plan B' is only for those that doesn't know much about the business they're going into. If you pass through apprenticeship, you'll be equipped mentally for the business and what you'll need here is, capital, strategic place for your business, focus and mastering of money. You need to master money and its rules b'cos it has wings and can fly.

2 Likes 1 Share

Re: 6 Things To Do Before Starting A Business by 4tune490(m): 1:58pm On Jul 26, 2017
Thank you so much.
Re: 6 Things To Do Before Starting A Business by olaagbalagba: 2:03pm On Jul 26, 2017
Nice one. Garrit

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