Quote from: Davidvictorson on March 31, 2023, 01:22:34 PM

-Have you had a business that even though it wasn't profitable in the first three (3) years, then it kicked off to bring in good returns in the fourth (4th) year?

I think it's too painful, doing business three years but not having a profit, I doubt that it is doing business. If the calculation is half a year or six months of not getting a profit from the business that is being carried out, I think many of us have experienced it because it is a marketing, adaptation, expedition and other step in doing business.
Doing business in the first three years and not profit, I personally have never felt it.

Quote from: Lorence.xD on March 31, 2023, 01:42:12 PM

I agree with his statement, imagine operating your business for three years without improvement, you should let go of it. Because if you're really into that business you would do something that will help for your business to boom. If its no progress then it would be consider as a hobby. However, there's a scenario where some businesses are not meant for you, therefore you can connect your hobbies to your business for example, you really like collecting shoes and you've decided to resell as a business. Then it would be easier for you to have an idea on how to run your businesses since you have a good background on how to handle shoes.

Yes, adjusting it to a hobby is indeed quite ideal, just like you like luxury cars so you understand and you are able to open a business related to luxury cars, or anything that suits your hobby. But if it is based too much on a hobby, then it is not a business but a hobby, which is profitable or not profitable, it will still be carried out even if it suffers a loss.
The most important thing in business is that in my opinion it doesn't have to be according to your hobby, but the most important thing is that you understand the business sector that you are running and secondly you have to be able to adapt to changing times so that your product or service sells well in the market.