Things to consider before starting a business

Here we go again ,some people or persons has reached out to me asking this one question ,which is, what should I consider before starting a business or investment as the case may be ? And I have always given them this same answer am about to discuss in detail with you in this blog.
Let's talk about the matter at hand which is what are to be considered before starting a business? We here are list of things I think should be considered before starting a business or investment as the case maybe.
Please read and understand the point listed below for proper analysis
1. Business or investment niche: in cases concerning business niche(Area of focus), I personally advise investing or business owners to be care about choosing the niche for investments or business ,here are my reasons
(i) focus and concentration: well just as those words sound when pronounced so are there explain in clear context as well but but for those who need more detail sit back I got you .what this entails is that when you choose a sector to focus on it will be more easy for you to make success take for instance two persons want to start a business or investment with same capital amount and one is focused in the Agriculture industry and the other is into real estate, Agriculture, Energy and other sectors which do you think we have more control and understanding of his sector ,well now I hope you understand what I mean if not you can ask your question in the comments section
(ii) market research and capital availability:just where it meant to be ,here you should consider researching your said niche market to determine how much capital can be need for a start and how the market structure of that sector works and how to alter in your favor .

2. Idea analysis : I like to use this two worlds idea analysis because starting a business or investment is not just about having capital and putting it into a business with out proper analysis as to why it should work ,so if you don't have a strategic idea on how to succeed in found niche your business will be as good as a savings account where you keep you money and wait for it value to depreciate with time. So in my opinion standing out or thinking out of the box in sector can give you an easy way to maximize your business/investment

3. Human capital: the crown of It all is the human capital which is different from normal capital because here it has to do with the human resources which includes the following

1. Training and education
2. Expertise and skills
3. Experience and seniority
4. Health and well-being
5. Personal qualities (e.g., creativity, problem-solving, leadership)
6. Social and communication skills
7. Adaptability and continuous learning

With the above list I believe you can come agreement with me that human capital is very important to every business even to the national economy at large.

4. Registration and licensing: know that they are rules and regulations guiding every sector ,it will be in the best interest of a business owner to register and obtain the necessary licenses needed to put a business out of regulation harms way.

Conclusion.
Let's group it all together in a simple way ,if all 4 points listed are been put in a business owner check list, that business owner is on his/her way to running a successful business.
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