Most businesses fail in the first couple of years. It’s just so hard to run a profitable business in the current climate so I am full of respect for anybody who is able to do so. It takes a lot of risk, but if you can be successful then I can envisage it being so rewarding.
Yes, running a business nowadays is not easy because the competition is very tight and most of them fail even before a year. And all of that is ensured with good planning and management, but the obstacle is the mental factor and this is what makes them fail without thinking that to be successful it takes a long process and most of them give up actually all of that is a process to be successful because for now nothing is instant. Giving up easily is not a true businessman and having a steel mentality, therefore a steel mentality is the most important thing that must be instilled in him and there is no point in having large or small capital if his mentality is weak which makes him give up easily.