Quote from: Weawant on Today at 01:58:55 PM

Quote from: Dunamisx on August 24, 2024, 07:01:48 PM

ADVICE SOMEONE READY TO ESTABLISH A GAMBLING PLATFORM BUSINESS

The intention for creating this thread is to hear about our general opinion, suggestions or best advise we could give to someone who is ready to establish a gambling platform as a business, if we are in the same position, what will be our response toward these few questions.

1. What are the first things to put in place before starting?
2. What are the strength and weakness to consider with gambling platform?
3. Can you hire a person to be in charge, for the business management of the gambling platform?
4. Is it a profitable business base on your own experience or from what you have seen others achieved from establishing one?

I do advise people wherever they come to saying they want to start a business, first thing I ask them is, so you understand the business well enough? If the answer is no, then I advise they go back and study the business again before putting in funds and setting up any aspect of such business because if you start up a business you don't understand well enough, the chances the business will collapse after a Short period of time is really high, some of such business may not get pass 4 years and some so just 3 years because the losses may come in a way that may be unbearable and since you don't understand d the business well enough you may not know how well to manage them so it's best you ask questions, make consultation, surveys and all necessary data needed to be at an advantage in rhe business as gambling business is very tasking.

Understanding a business is really important but what is more important is that you should have the money to start the gambling business or any other business. I think those who are gamblers they don't have the mind set of setting up a business or when you do not have the enough money for the said purpose Cheesy

You need to have a business background or team with you for the development and then marketing and then the running of the business and it is not a simple thing as regulations are also involved, it includes domains hosting and a lot of stuff which you will only know when you actually serious to start this business.