Posted On
3/28/2018
7:47:47 PM
by
Scorpio
Location matters a lot. Study the market before investing.
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Posted On
3/28/2018
9:57:18 PM
by
idea
Dear Rashid,
I don't know about business much. But if there is any business in Kuwait which even a blind man can run easily and profitably is Restaurant business.
But don't invest much. 4 table and 4 chair is enough. But concentrate on quality and varieties depending on your location. Concentrate more on home delivery and i am sure. after 1 year you will come to IIK saying you are 10 times more richer than you are now.
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Posted On
3/28/2018
10:57:50 PM
by
Businessman
Following points to be consider 1-Knowledge & idea of the field business 2-Location 3-Study about area customer buying nature and types of customer 4-Capital - Thinking of this that you can survive up to 6 months if you don't reach even break even. 5-How many competitors in that area for same type of business and always spend time before starting how many footfall of customers your competitor have to identify the area. More ever you should have good knowledge of purchasing because mobiles and mobile accessories are a kind of thing which updates on a daily basis and in this case you should know how to control on product inventory. and there are many things to know before starting business know one can teach you but only they can give you ideas finally you are the one who has to take step. Business is like a sea when you start to swim you will come to know about the depth.
My last suggestion please do not get in hurry if someone comes and tells you that invest X amount and i have a plan of business even if he is your close friend or relative. because from your hard work you have saved this amount.
I have a experience of business i am working in one of company and from 5 i am doing by own business now i have shop but 2 years i was doing freelancer business once i had confidence with my proper knowledge and research than i spent amount in shop but still everyday i am going to my shop and spend time of 5 hours.i will not leave my current job until i cross X amount of my expectation from running business.
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Posted On
3/29/2018
4:06:31 AM
by
Taj
Dear Rashid, If you have 5,000-10,000 KD. You can do business, but as you have already mentioned the current market situation is not good to open shop. As the rents are high. Surely, you can do supply business. Perfume supply. I’ve an ideo & experience in this. Thanks
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