Quote from: Mao Sama on November 17, 2023, 12:34:22 PM

Quote from: Tony116 on November 12, 2023, 12:43:54 PM

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.

It is necessary to learn a lot and understand things related to the business that we will run, because everyone basically does not want to experience losses in his business. it's no joke to open a business because all people want the business they run to grow big, including me who want to have a growing and big business. Therefore it is necessary to learn from the beginning to understand everything related to what business we want to open, for the beginning just pursue one business do not simultaneously open more than one business because if you are not experienced it will create more problems.

But if you are experienced, you can open more than one business because you are familiar with the risks and already know how to deal with the risks or problems that will come. I have also heard the saying "make your business a chair" meaning don't just have one business, because suppose one business goes bankrupt most likely it will die, but if you have another business when one business is destroyed then there is still another business to run, so consider the four legs of the chair as the businesses you have, because if it is broken one chair can still stand and not fall. the same thing with business.