How do I start a business?

I've earned enough money to start a business however I don;t know where to start. I'm not sure what kind of business I should do. I'm thinking of offering services or offering producs but i know I should only choose one for starters. What steps should I take before I start my own business and/or company?

User comments

No Name

Before starting a business you need to ythink about what you love to do most. It will take some time but your passion would lead you to your success.Polish your knowledge on the field and spend time knowing everything there is to know about it. Then find your clientel and eventually realize that you want to achieve more. You could always find a mentor to guide you. Launch your product. You wouldn't know if you wouldn't try. If it fails then turn to another product. Perfect your business model and then turn your knowledge into products and watch your business grow.

2020.03.24 15:44

Please leave your knowledge and opinion!

Related Forums

What are the biggest internet trends?

As time goes by, the sale and use of SmartPhones have increased. Due to this, advertisers are now advertising products through mobile devices however ad blockers are now emerging posing a threat to businesses. Google, Facebook, Twitter and Instagram are still on top of the list and a lot of business owners use these social media platforms to advertise. There are more mainstream trends however these are the most important ones to watch out for and consider.

How do I build customer trust in my website?

Make the first impression count. The first impression always lasts so make sure your layout is impressive. Being certified is another way to earn their trust as it proves your website's legitimacy. Always be transparent to your customers and show them all the comments about your website and products. Make sure that your website is also up-to-date. Lastly show that you care for your customers and prove that customers always comes first before the needs of the company.

What are the best communication apps for SmartPhones?

There are many apps that you can download but here are one of the best. A very popular communication app is Skype. You can use Skype to video or voice call anyone in the world; get up to 25 people together on a call; transmit video, photos and files of any size; share your computer screen; and send text or voice messages. Skype can also be used on Amazon Alexa devices. Fuze is a videoconferencing app that hosts online meetings for all devices which makes it very efficient for meetings. There are other apps you could try such as Addappt, Pushover and Slack.

What are the types of companies in Singapore?

There are two main types of companies in Singapore.. The first one is the public company which is listed on the Singapore Exchange and typically has more than 50 Employees. The second one is the private company which are not listed on the Singapore Exchange and can only have a maximum of 50 employees. For private companies there are a few different set-up options: Sole Proprietorship, Partnerships, and Private Limited Companies.

How do I spot loan scams?

Scammers have developed a lot of techniques to stip businesses of its money. There are general types of scams to look out for. First is the peer-to-peer lending scam. The second one isthe credit repair scam. New business owners should worry about this because they target new business owners offering to increase their credit scores for a certain fee but this is all a scam. The third one is the consultancy fee scam where the scammers convince to offer you assistance in getting a loan even though it is not that hard for you to need an assistant. There are many more to watch out for. Key is to alwayys be alert and analyze the situation.

Why is it good to start a business in Singapore?

Aside from being ranked the best place to start a business by the World Bank in 2019, singapore is also ranked the second most open economy in the world. Singapore has low tax, good government and minimal corruption. Singapore also has a strategically bsuperior location with good access to key SEA markets.