Your commercial activity to get income is what is tagged business. could be anything, either a profession or a trade.
It's a regular occupation that involves making money.
Having a business comes with bearing the risk alone and being responsible for the debts of the business and likewise working for someone can be so demanding and tiring.
The preferred one is owning a business to be free from the shackles of working tirelessly for others and the best part of owning a business is having a successful and progressive one.
These days everything is becoming so easy like staying home and having a successful business all that matters is your devotion to it
Owning a business can be demanding at first because it requires
REFINING YOUR IDEA
made mention in post titled BUILDING WITH THE CONSUMER IN MIND:THE CONSUMER CENTRIC MODELInstead of thinking about what you want to build and finding a market for it, you work the other way round. Focusing on the market, watching the trends and demands. You then build accordingly, in this way what you create won't be out of touch with reality.
ask yourself why you intend in running the business
differentiate if your why is a person why or granting marketplace why
know the reason to work with your customers, to make life simple for them, or to bring attention and help their world better
HAVING A BUSINESS PLAN
This involves understanding those you intend to sell to , the purpose of what you want to venture into, the cost of setting up, how high the demand is, and your competitors.
Business plans help you overcome difficulties and to have a successful business
CONSIDER YOU FINANCE
Capital is needed for business, consider the funds to start up
Talking about having a million dollars for business what business would that be.
When it comes to business the important thing is providing what is needed or what you feel is necessary, that way you get demand always and a successful one
The level of agriculture here is low even with the favored weather and soil,problems like inadequate storage tools and implements to cultivate a large piece is a challenge which makes the cost of foods high and in high demand.
Having a million dollars would make me invest in the agricultural business to provide the necessary tools for adequate production of foods in high demand.
It is sure the best one because food will never go into extinction and will always be in demand.
It a type of business to always get demands.
