Post
Topic
Board Economics
Re: TAKING UP BUSINESS OPPORTUNITIES
by
itorai
on 22/10/2024, 00:09:03 UTC

There is business opportunity everywhere but there are more to bringing business to life and how to make it successful. Even if yiu have the money with you and has all the plan, it doesn't guarantee anything because most business that you see that are successful today has their ups and down, they were challenges that were faced but they may not discuss them with the public because that's not what the public want to hear but they prefer to hear how you end the journey.

Another challenge about running a business that is not been discuss is the economy policy. You can't run a business without a friendly policy, you can't run a business when there is hike in taxes and also interest rates, this two are very essential any where in the world. If the government increases taxes, your take home profit in any business will not be feasible and interest rate can be devastating, you may need loan in way or the other to run your business in the future.

It is true that in running a business we must have adequate capital, and among them we have to borrow, that is what needs to be done so that the business we establish will continue to advance and develop, that is something that needs to be thought about from the start by borrowing and choosing low interest rates that is worth considering according to your ability.