Why You Should Research Before Starting A Business

Starting up a business can be difficult without being ready and properly researched.

As someone who has had an experience, I know what the feelings like while starting up a business, or firm.

It feels amazing, like as if before the next 6month's you have become massively successful.

But, it doesn't work that way especially when you are a dummy and have no knowledge about what the business is all about.

I once knew someone who is a successful business entrepreneur, while discussing with him about my new innovation... It's an E-commerce website.

We discussed, I told him about it and my ideas, he encouraged me and told me to do some research, and make sure that am ready to take anything that will come out of it.

Like he said, I made my research, then I found out that I'm not properly prepared and if I eventually invest any cash in it, I'm going to loose it. Why? Because am not prepared, while my spirit and dreams says I'm prepared.

I did my research, check the business environment, read books about E-commerce website, etc.

Although, apart from that, I did some practical research, like going into the market and ask people about the idea, to see if it will sell.. People do buy it, but with conditions which I supposed to meet first before proceeding.

I paused about my innovation, waiting for my next strike.

Note: When I said I Paused, I didn't mean that I stopped everything about the idea. No, I still have the idea in mind.

I passed through those test to know if am ready or not, likewise what I said earlier, make sure you did some proper research.

Meanwhile, having read my message and my experience, below is some of the businesses you shouldn't start without having the ideas.

1). Don't start up an E-commerce website without having the idea.

2). Don't start up business of any type without the idea. Make sure you have done your research and be ready for it. 

3). Don't start up Business Blog without having the idea. Although it can be easily started but difficult at times, in terms of managing... (I Will discuss about that in my next article). 

4). Online book store ( make proper research first, before starting)

Above is some of the list, but they are many to mention... Only make your research first before starting otherwise you will end up loosing your money and your time.