If you are looking to Start a (New) Business, Open this thread.

Before you start a Business, make sure you have enough capital to run the Business for 6 months Without Profit.
If you make profit before then see it as a Bonus.

If you intend to take a Loan, Make sure you know the rudiments of the Loan. The terms and Condition if such loans.
Don’t just rush to accept a loan without proper scrutiny of its Terms and condition.

As much as possible, Avoid Bank Loans.

In every business, It’s always Good to start from Humble beginnings

BELIEVE IN YOUR BUSINESS

Even when your business is Failing, Always be positive about it.
it.

Don’t Employ Family Members as Workers.

Learn the art of Staff relationship.
Except your Business is an Online store, Your Relationship with your Staff will go a long way In defining the growth rate of your business

Always look to put a smile on faces of those working for you.
A happy staff will most likely look for the progress of their Boss. An unhappy staff... you know the rest.

As friendly as you can be with staffs and Customers, Be a strict Owner too.
Don’t let them take your Calmness for granted.

Be ruthless in your business Doings.
I mean, don’t tolerate Unjustly behaviors from Staff and Customers.

Think of your business as A Brand.
That way you can Project the growth of your business even from the beginning

Speak to a Business analyst.
Speak to and Request the service of a Lawyer when necessary.
Speak to a Business Mentor.
Learn from them all and apply the knowledge in your business.

DO NOT LOOK FOR SHORT CUT

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