Your best tip for starting a business

[heathermalone]

Keep a clear goal and choose the best path to reach it. Peppers and chocolates are part of the business journey, so enjoy them with a balanced mind.

[Blurock]

Many people start a business for the wrong reasons.
Do you want to go on your own just because you do not like your boss or current job? NO
Do you want to make more money? NO

Starting a business requires a mindset that is much different from working for a salary or status or that CEO position.
As stated in the comments herewith, it may not be an easy ride and it takes hard work and perseverance to get a business off the ground.

Just when you think that you are well established and your mobile take-away is doing well, a MacDonalds or another francise will open across the street from you.
Just when your sales start booming, you are hit by a recession, or a strike or natural disaster hit your supply lines.

If you have a passion for your product or service and are prepared to sacrifice much of your current comforts, if there is a good opportunity where you can make an impact, then go for it! Just remember that the purpose of any business is to create a customer.
Customers are the ones who buy your product and bring in the money. Treat them well. Be passionate about service to them.
(the same goes for your suppliers)

[heathermalone]

Take small steps at a time and plan before you do. Rather than rushing towards making money, every business should have a concrete plan and a goal for the future. Without having a road-map and consistent efforts, it’s hard for a business to survive and grow. Plans and goals are like fuel that runs a business without halt.

[mightytrader]

Some tips which I followed religiously while setting up my business are:

- Know yourself, your true motivational level, the amount of money you can risk, and what you're willing to do to be successful.
- Choose the right business for you.
- Be sure there really is a market for what you want to sell.
- Research your competitors.
- Don't procrastinate.
- Embrace Digital Marketing.
- Never stop learning and trying new things.

[galileo]

Some tips which I followed religiously while setting up my business are:

- Know yourself, your true motivational level, the amount of money you can risk, and what you're willing to do to be successful.
- Choose the right business for you.
- Be sure there really is a market for what you want to sell.
- Research your competitors.
- Don't procrastinate.
- Embrace Digital Marketing.
- Never stop learning and trying new things.

Nice tips buddy!

[Blurock]

Some very good tips given.
I'd like to add that to sustain the business you have to put so much more effort into customer service.

After all, the purpose of a business is to create a customer. Why? Because the customer is your source of income!
If you do not have a customer to buy your product or service, you don't have a business.

I believe that the marketing guru, Peter Drucker, hit the nail on the head when he said that,
"Because the purpose of a business is to create a customer, the business enterprise has two - and only two basic functions;
Marketing and Innovation."

Marketing gets your message across and attracts customers, while innovation is adapting to customers needs and expectations.
Marketing and innovation produce results; all the rest are costs.

[tec0]

Do your homework when it comes to any business planning just do your homework when you think you did enough check it all out if you see any question you redo it until you see that you are happy that is good. But remember it is 100% risk 100% hard work.

[ians]

The best tip for running your own business ... never ever ever ever ever put your personal assets up as security for your business ... ever ... not for a bank loan ... not for an overdraft facility ... not for a business credit card ... and especially not accounts with suppliers.