Post
Topic
Board Economics
Merits 2 from 1 user
Re: Business failure among small-scale entrepreneurs
by
Dunamisx
on 28/09/2022, 12:01:16 UTC
⭐ Merited by fillippone (2)
Inadequate Financing

Let me talk about this point as I don't accept such as one reason why a small scale business should fail, we can consider what we often referred to as business growth as a process whereby an enterprise proceed from one developmental stage to another and just as we know that many businesses started from being small to expand to something big in the later future and we've got some good examples of some businesses that has little start up capital and remain committed to it and they eventually got advanced and the business turn big while some have started with huge amount of capital but ended in bankruptcy within the shortest period, so it's a responsibility of funds utilization in business expansion and its management, start small and grow big is better than starting big and ending up closed down.