There are 11 articles on this title. You are reading the article ranked and rated #8 by Helium's members.
The idea starts from the day one thinks that he/she should start a business. Basically what we see in the market is not the actual picture that's the main reason most of the people failed to run the business which leads to loss of time and money. Actually there are several categories of business which we should be well aware before starting or thinking to choose any.
Major point is what need of the markete is but more important that this is what you have and what you can do. Choose a category then see what type of business you can do in this category what is its market need.
1st of all you are a major investor and small one. One should keep in mind the balance of investment vs. profit vs. time. It's a triangle. Invest more will return more but again there are two types instant start if return and contest at all with little variation and other grows with time.
Start a any sale and support point (mobile, computer, cloth,...) with little investment in low area its operating expenditure (OpEX) will be low so easy to sustain but its output again low but will increase with time on the other hand invest more open same in some high fi Area and its OpEX too high bear the loss for some months but then return will be good.
One type is open a Store for daily items to cell instant return with respect to area and money one invested but one have to give too much time to it and can never estimate exactly how much earning etc.
One type is go for some industry if small you will have to face market threats and blockage of money but if you keep on supplying after a little more loss you will be successful. If start you a huge industry then it will run you have allot of money.
Enter into the world of telecom, you have to make too much initial investment and its return will take time but after few years its return increases more than 100% you have invested.
I advise to those who have little investment they should look for the operating expenses more then to initial investment as opening is allot easier then sustaining. So keep low, take time, understand the market and come up by building you brand you will be successful
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Learn more about this author, Muazzam Yazdani.
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