Post
Topic
Board Economics
Re: Business failure among small-scale entrepreneurs
by
bocyaj
on 17/12/2023, 14:49:57 UTC

Initiation of business that will remains successful needs a skills about that business and before starting a business make a longer and clear research about the business as it will increase your knowledge and you will have control on it. Those who have skills are originating new ways for attraction of costumers therefore they don't have any fear about business declining.

For business an owner should hire those individuals for their business who know all necessary things and have skills to show the products in well manner to satisfy the customers. Setting a business is easy if you are financially stable but knowledge is needed to make it successful therefore if you don't have any idea of business then your finance will be at risk.

Every business need of the skills to be successful,the business man should learn the business before he use the money to inverse in the business.Because the skill only make the person to successful in business with the hard work.If you decode the previous business person you come to know about the fact that the person who work as the cook or server will start the hotel as the owner.So he may save the money and develop their skill when he working in the hotel.The person without any skills may leads to loss and the business person may get away from the business.

only those who work hard are able to build their business from zero to big, and this is what i see CEOs of large companies who set up their businesses from a small scale have, i am also trying to run a small business and to be honest there are many trials what i often encounter, especially when my customers are quiet, is that managing finances well is something that every entrepreneur and businessman must master, although it is not easy, but slowly you will definitely master it, as long as there is a strong will on the part of that person.

Every person who start the business will be the zero at the beginning,whether he become the hero or remain zero by their own actions.The self confidence was the important one in the business,because the self confidence will make the business man to stay strong at their hard time of the business.