What are the things that we need to analyse before Starting a business ? 🤔 // 10% payout goes to @businessactivity || #club5050

Hi everyone, i hope y'all doing well !!
Since when i started posting in this community i have been posting the most typical content formally regarding my business but i thought that i should be more creative about posting so i have decided to from now on Sharing some creative content that could be more interesting for audience of the community and helpful for the newcomers in business.

Source

As i already wrote in the heading, i am going to share some important points that i think everyone should care about before starting a business because they effect a lot when come in combine as factors. So let's begin with one by one.

Are You Starting in right market?

This is an important point that many people neglect and don't care about it. Let me tell you what often happens. When someone looks at any business and it attracts him, he just decide to start it and don't care about the prominent difference of audience/customers. Actually it is really important because there are different customers for different businesses and different areas. No one would buy branded clothes in a poor area or where the people live a hard life. No one would like to traditional ornaments or special fruits if they are not at any tourism spot so you see all this matter and we have to look closely into it.

Does your budget analogues to all expenses of a proper start?

Yes! We have to keep it in consideration as well. I have seen people they just think about the idea and plunge into the the field while having no idea of all expenses and ultimately they have to quit because they can't achieve what they were dreaming for. If you don't want it to happen with you then you should completely study your business and calculate all the expenses and if they are in your budget, only then start your business otherwise if you don't take a good start you can't finish with good notes.

The best method is to make columns for each catagory of expenses and then ultimately collect them all and this method also allows you to check which catagory is costing you more and you can also take help form any expert of that specific business.

Are You aware of market trends ?

Now a days market trends keep changing and they change so dramatically that some businesses suffer to much. For example if you are going to start a clothing brand. You should be aware that which kind of stuff is getting more sales. Which type of designs have constant sales in market. This will help you a lot to decide at what you should really work on.

I have a tip for you to check trends and their repetition in market. You should start with checking yearly history and should select something that keep coming back into trend after trend because such things becomes part of the market for long term.

Are You mentally satisfied with it?

Money, fame, and success everything comes later. The first priority should be your mental peace. You should think that is this the thing that you always wanted to do? I always say that you should do what really pleases you. Being a kid we all dream about many things and you should look for something related to that. Because it's matter of years not of days or months so instead of regretting later chose wisely in first place.

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THANK YOU EVERYONE !!
THAT WAS ALL ABOUT THE THINGS THAT I WANTED YOU TO KNOW ABOUT. IF YOU HAVE ANY CONFUSIONS YOU CAN DROP THEM IN COMMENTS SECTION.

• 10% reward goes to @businessactivity.

• Special Thanks to ;
  @businessactivity
  @cindycam

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REGARDS ;
Shahid