Quote from: Orpichukwu on June 13, 2025, 08:37:19 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.

Everything is all about hard work and working smart for anyone to become successful in this current economic condition. It shows how prepared they have been even long before they started that business; they have made every proper plan to make sure they are ready to face whatever challenges they are being faced with on their journey to raise that business up, although one can never be too prepared, as there are some unforeseen challenges which can just arise from anywhere, and it will affect your business, like unfavourable trade policies.

According to my personal opinion, building a business is not measured or consistent with the size of the capital, because I have seen many who have allocated a large capital for the business but only ran for a few months and then closed immediately, because lack of management and because of this the expenses are greater than the income they bring in.

This is often what happens to those who build a business, unlike those with only small capital but because they know how to handle business in the right way,
they are able to grow their business because they have a strategy that others do not have.