As business person who has been quite studying business for a longtime, l call it a game just because how it operates, once you messup you risk failing in business. Starting sometimes is not too difficult as some may think.
If you get access to finances for startup that's good to go but the most difficult condition is operating it effectively and generate profits.
Compared to the normal activities almost all activities which are very profitable are mostly associated with risks, problems and many others difficulties but as a business person just stick to a right position and just wait see your financial results because everything done rightfully always succeeds.
Business it's self has unlimited profits it depends on your potential.
Moving down to one of the disturbing part is business survival truly for an enterprise to survive, as operator you must be ready to face incoming challenges to run the business, this is where most operators fail to make it.
Most businesses fail mostly because the owners were not not ready to face business difficulties or were not a ware of problems which mostly fail enterprises.
When one is planning to enter into enterpreneurship aleast get some experience from experts who have been in the system for long, mostly in that very location you plan to startup from because not all areas have the same problems. Infact their are some areas with more problems affecting business than others so having some information about that particular area is very good for your planning either to face them or get another location you are comfortable with.
Another cause of business failure is the desire to acquire profits in a very short run this destroys your business reputation, build trust first form customers and fullfil their needs accordingly.
When we say business it means different firms or enterprises dealing in various products some may deal in real estate, manufacturer, retail, wholesales, and others most businesses fail due to it's complexity when a person decides to startup a particular enterprise which requires high level of experience and knowledge yet he/she lacks such and just picked the business idea because he can afford to startup in a long run his lack of experience creates a bigger loss to an enterprise resulting one to make a decision of givingup to a void more losses eventually registrating failure in business
Before starting up an enterprise , collect, info, cost, problems and possible solutions to be on a safer side.
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