Post
Topic
Board Economics
Re: Planning on starting any business?
by
Franctoshi
on 18/06/2025, 10:52:30 UTC
Physical business is really not easy because is not just about profit, can the person take the danger or back side of it, some business did not even give the owner a chance to see what they spent alot for because of transportation danger
One thing about business is that if you only think of the profit side of it, it can become a serious problem down the line. One must also look into the risks and other aspects that can affect a business.

 If one is so desperate to make a profit in a business, anything that happens may come as a surprise and emergency because it was never expected. As profit is being considered in a business, it is also important to think about the challenges of the business, measure the risks, and be prepared to solve future problems. This is how to approach business because if risks and problems are not taken into consideration, the business might end up crashing due to poor management.

These are business set of people that fails or go out of business between the 1-2 years in running of their businesses, If you fail to plan ahead of time then you've successfully planned to fail. To run a successful business overtime you also need to look at the possible challenges you will face along the line and make plans ahead.