Quote from: Lida93 on Today at 08:42:56 PM

Quote from: Plaguedeath on June 11, 2025, 05:15:56 PM

But, I'm not that agree with proper management plan, that's mostly for medium to big size business.

For me, skill is the number one, as long as you have skill, you know what you doing and how to execute it.

Thank you for disagreeing on this. It's well respected as a personal opinion. But I still do think that proper management plan doesn't only depend or necessitates a relevance by business size. Wether small, medium or large, if you don't plan properly such business will die out of poor planning and proper execution.

Yea, true about skill which resonate as experience. Because for you to have the skill it's means you have the experience to go with how to apply such skills in the right direction for your business success.

Quote from: WillyAp on Today at 08:21:51 PM

what you guys call a business plan I call control, or the lack of.
A business does not start with a million. Some empires have been started with a 400 US initial .

Skill and a minimum of quick thinking or good planning (ideally both) can make a business succeed, even with little capital to begin with.

There's no doubt that planning and structure will make things easier, though depending on the business, one's skills and ability to think and manage quickly (or better, a team) can make it possible to succeed. Then...

Quote from: Botnake on Today at 10:26:07 PM

Quote from: DeathAngel on June 11, 2025, 05:26:47 PM

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.

I think that’s the nature of any business, the first months and years will be prone to losses but after you have mastered running it, you develop the momentum to keep it going by improving your management with your business.

You need patience to create experience, and when you gained reliable experiences, that’s the time that you feel the comfort and confidence on running your own business until you achieve success and profitability. That’s everyone’s goal for any business.

Experience. Whether it be experience gained through improvisation and 'taking things as they come' (less planning more thinking on feet) or through the results of following a plan, it all comes down to getting to stage where you can rinse and repeat (replicate what works, and do it turn it into a system).