Dear, I have seen many people losing money because they have no strong plan before starting a business and they just invest on saying of other people without any research and they themselves don't have strong plans or research on the business they are going to start.

In my case, it is very important to have good research and plans before starting any business because in case if your business gets not successful there should be another plan B. Another thing is that if you really know this business can give you a big amount of profit try to change your strategy not the idea of the business you started because in the end strategy does matter because if your strategy is not you will obviously lose your investment and if you have a good strategy you will obviously earn a good amount of money. That's All Dear!