{"id":1095,"date":"2020-09-18T14:05:26","date_gmt":"2020-09-18T14:05:26","guid":{"rendered":"https:\/\/businessyield.com\/?p=1095"},"modified":"2020-09-18T14:07:40","modified_gmt":"2020-09-18T14:07:40","slug":"start-a-business","status":"publish","type":"post","link":"https:\/\/businessyield.com\/bs-business\/start-a-business\/","title":{"rendered":"4 Tests You Must Pass Before Starting a Business","gt_translate_keys":[{"key":"rendered","format":"text"}]},"content":{"rendered":"\n
There are many reasons people would want to be an entrepreneur. No matter what your reasons are, intentions aren\u2019t enough. The question is not if you want to be but if you are ready to be. I have seen many people jump around celebrating their ideas as though they have started earning millions with it, designing logos and noising all around social media. Enthusiasm is not enough, that first enthusiasm will die off. Yes! more is needed. Having enough capital to spend doesn\u2019t mean you are ready, capital is not your biggest problem if you know how to negotiate or start a business. People telling you, you look like a good business person doesn\u2019t mean you really are. And sorry for this READING TOO MUCH BUSINESS BOOKS DOESN\u2019T MEAN YOU ARE READY TO START A BUSINESS!<\/p>\n\n\n\n
Go through these 4 tests to see if you are ready to be an entrepreneur<\/p>\n\n\n\n
This is the first thing to evaluate. You seeing a problem is not enough. I guess the right question is if you have a solution to a problem. Every single business you can think of is solving a problem. The issue most times is that people get a solution without knowing a problem it should solve. So they spend all their money looking for the problem to the solution. They then call this money-marketing expenses.<\/p>\n\n\n\n
How do I mean? E.g someone starts developing a product or imports a high quantity of a product and then start looking for who to buy. This is putting the cart before the horse. Find willing buyers and possibly have them pay in advance before purchasing. This is what Jumia<\/a>, Konga<\/a>, and your popular e-commerce business do. They only pay to purchasers when you buy.<\/p>\n\n\n\n