The most important factor to consider when starting to build a business is the target audience. You have to think of who would you want to cater to. Who are the communities that you may profit off of. Like for example if there is a school near you, you should know that students would be your target audience. You should start a business where students can buy materials from or a place they can study or even hang out around. I believe that if you studied your target audience, the first step of your business is already successful enough.
Of course, when building a business, you must have capital, whether small or large. And the business you start should be your passion, not something you just copied
or did because someone told you to, because if that's your only reason, your business will surely not succeed in the end.
And lastly, you should first scout the area to see if the community will be interested in the products you'll be selling in the area where you'll build the business.
As for characteristics, we must be patient, have self-control, and be truly dedicated.
There are many things to consider when building a business, and of course, we must have capital at the start. Beyond that, I'm most focused on market demand and our expertise in running a business. I believe these are two essential elements that are interconnected to ensure we can easily run a business and be accepted by the market.
There are many techniques for advancing a business, but it's important to remember that running a business carries significant risks, so we must battle with competitors in the market to advance. This is what we must consistently do.