Post
Topic
Board Economics
Re: New business idea.
by
Mao Sama
on 17/11/2023, 12:34:22 UTC

I agree, the fuelling station business is not considered a small business and it is really not as simple as what Patrol69 said, it is more complicated and bigger than the peanut oil business as OP mentioned. Furthermore, both are not new business ideas, both fields already exist in every country and there are many people doing business. When talking about business, we should not assume that one area will be profitable and another will not. The important thing is what the demand is in the area where you want to do business, so you need to survey to know what their needs are before starting your business.
I really agree with your statement, starting a business is not an easy thing, it requires thorough preparation starting from the capital we have, field surveys, what the people around you need, the right selling price according to the income of the surrounding community and most importantly competitive techniques. healthy one. everything needs to be designed well. We also need to look into the future, how the future will affect the business we start. Prepare for the situation when we lose, what should we do? No need to focus on one business field, look at other business opportunities.