Post
Topic
Board Economics
Re: Planning on starting any business?
by
Altryist
on 13/06/2025, 09:28:40 UTC
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.
It shouldn’t be like that, a new business, cannot operate at a loss for several years. You simply won’t be able to endure such prolonged losses. Maybe it can happen during the first few months, including marketing expenses and other startup costs. But it should only last for those first few months. After that you need to start making a profit otherwise, you won’t be able to cover your costs, and you’ll realize there’s no point in continuing with this business.

Any business must start generating profit from the very beginning. Only after the first six months when you reach more or less stable profitability and already see how long it will take you to pay back your investment. But losses lasting several years will definitely doom any business to failure.