Quote from: GigaBit on December 18, 2023, 10:42:35 AM

Quote from: Su-asa on November 06, 2023, 11:30:16 AM

The kind of business I want to share is what is called graundnut oil making. This business idea can help someone that doesn't even have a skill and someone that is not even educated, all the person just needs to have is the money to buy the manufacturing equipment that's all.
With this graundnut oil making business, one can get the kind of life he/she wanted because the demands in this graundnut oil making business are a bit high. One can even start with a little money. However, this business is also an investment. If one can dedicate more time to it, he/she can benefit from it (can make it a company).

To run a business, you must first understand the demand for the product you want to do business. It may be that the product you are trying to manufacture is a new product that is not in demand, but if you can give customers a good idea of your product and if it is really good quality, then you will be more likely to be profitable in that business. There will definitely be risks in business, but if you start, it is possible to get either positive or negative results. There are risks in business but once established there is a chance to be profitable for life. It will depend on the attitude of the entrepreneur. In my opinion you can start the business with a well researched. At first you won't get profit but as your business gets promoted and expanded there will definitely be opportunities to make profits.

Maybe what you mean is that before someone starts a business they must first do market research which means finding out about what products now have a high level of demand from most of the community, of course that is one of the important actions that must be taken before someone starts running their business, starting from knowing what products have great potential in public demand and after that building plans and strategies carefully and preparing capital that is able to sustain the course of the business by also preparing mentally and strong patience then I think they will be able to run it smoothly even though any difficulties are still not avoidable.

We must understand that the business world is very tight especially along with the development of increasingly modern or sophisticated times, this makes it possible for competitors to make many advantages with something more that they have and of course we don't have, and that is one of the risks that will very likely occur. Anyone will never know if they will succeed and get success from the business they run but what is certain is that if we really want to try and work hard then I think nothing is impossible.