Post
Topic
Board Economics
Merits 1 from 1 user
Re: Business failure among small-scale entrepreneurs
by
EarnOnVictor
on 07/10/2022, 10:05:21 UTC
⭐ Merited by JayJuanGee (1)
To become a successful entrepreneur, of course, requires a process and has failed a lot, the big entrepreneur we see today is successful when he tells it, he will say that he has experienced many failures and is almost desperate because of bankruptcy and so on, but with enthusiasm and learning from mistakes they can success.
You sound like a motivator, but business success is beyond that. Many factors have to be considered before success could be made in any business irrespective of the scale of the business. The first and most important of the factors is the resources at hand, are the needed money and human capital adequately available? It is also important to consider the location of the business, you might be entirely a failure if your business is located wrongly or targeted towards the wrong people. While the management of the business is important, the creativity of the entrepreneur, the employee and marketability are also crucial.