Undoubtedly the first thing that must exist to make a business is the idea of what you are going to do, you can not go adventuring in this world because the consequences are suffered by our economy. Not only the idea but also the planning to develop it and adapt it in case the main plan, for some reason, does not work, something that is common since the obstacles challenge creativity. @tipu curate 2
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That is very true, the business idea is the first key factor that would determine whether the business would be a success or not. Once the the idea is good, a business can build from there into becoming successful with other factors in place