What does starting a new business require?



  • What are some tips for starting up your own business? Requirements?



  • @Cifrvel welp,a single answer is not enough. Entrepreneurship is a skill, you can't acquire it in a day. Just try to do some research on this topic


  • Global Veteran Hella Assassins

    1. Garage
    2. One or two enlightened freaks
    3. Something to eat


  • @Cifrvel you just need a bunch of good ideas, nothing else to start a good business + Some necessary amount of money is also required to start and establish your own business and money amount depends on type of business, if you want to start small business thn dont think much about money ,start small business thn make money after that start big business by that money.



  • you must be passionate about something



  • Lots and lots of knowledge to not make the wrong decisions.
    And some wealth, sadly.
    Marketing skills.
    Advertisement.
    Support from your family and friends.
    Advice (Work in progress currently)
    Experience... Will be acquired.
    Look up people's recommendations and experiences on how to do it right in the first place.


  • Chocolate lovers ;)

    @Cifrvel
    You will need positive cash flow and/or adequate working capital for starting a business. Working capital = Assets- liabilities. Positive cash flow= Credit>debit and negative cash flow= debit>credit.
    Increase working capital by taking a loan or increasing your profit. You can insert equity in the form of capital or cash through stockholders for this purpose too



  • @Cifrvel Start by basic S.W.O.T analysis. It covers every main aspect of the private business which will open up new stages for you on which you should pay attention. You will find out the main requirements through the process, since not every type of private business relies on the same strengths and weaknesses



  • Firstly it is an idea. Then you need to have some possibilities and experience how to implement it. For example I want to start esport betting service. I found cool ready made software from Betinvest https://www.betinvest.com/esports/ with it I can start quite fast and without any problems. What do you think about my idea and esports betting in general?






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