Quote from: MarjorieZimmermanGinger on Today at 04:09:32 PM

Quote from: odunybiz on September 27, 2022, 07:41:00 PM

Any business can fail if not well manage. It is one thing to start a business and it another thing for the your business to stand firm for life. These are examples of Nigerian Businesses that Failed Within 5 Years:

Unfortunately, not many people have the ability to develop a business, apart from not having capital, there are also some people who don't have the skills to develop a business. Business must be run according to consumer needs and review is needed before someone opens a particular business because if the target market is wrong then the business being run will definitely fail.

Quote from: odunybiz on September 27, 2022, 07:41:00 PM

CONCLUSION
Establishing a strong and firm business doesn't come easy. It involves patient, time, passion and hardworking. Young entrepreneurs should try to learn from failed businesses and guide themselves with successful businesses.

The term building a business is not easy because it takes a long time to see the business develop, in fact many companies have to increase capital every year for the business they run and can only enjoy the results several years later when they have mastered the market Business requires large capital, skills and a good communication network, this is what makes it easier for many business people to develop because they receive encouragement and support from certain parties to develop it.

The world has changed within these few years. You don't need to know how to develop or manage a business before starting a business. There are people with the skills or talent to develop business. They are called business developers, business managers, and brand influencers. The function of this person in a business, specifically the business manager is to manage the business while the owner is not around. The person knows the nature of the business and it competent enough to handle the business and ensure growth and success. The business developers help the business by bringing customers and new ideas that will help the business grow. And lastly, the brand influencer, advertises the business just like marketing it to the public worldwide on social media e.t.c