Post
Topic
Board Economics
Re: Planning on starting any business?
by
katanic97
on 30/06/2025, 20:54:14 UTC
A business that has no serious planning is never a business, but it’s real gambling. You are only risking your capital to lose, that’s why as much as possible, know your business well and make clear target goals that you are sure to be attainable. Otherwise, everything will turn into gambling, like entrusting everything into luck, instead of building your business from a knowledgeable and skillful point of view.
That's right - business without planning will be like gambling because most of the losses than the business survives because without careful planning it will end in vain, don't just be reckless but analyze your target market you must know for your business so that it can run and survive in its business.

The problem is seeing many businesses that fail because without careful planning and that was done by my own friend who ran a failed business because of that without planning.

Indeed in business there is an experience of failure at the beginning, but with planning I am sure that the second time he tries he can survive with the business, it depends on our own skills in running it.

You have to think carefully before starting your own business. As you said, planning is important . I agree but before planning anything, you need to ask yourself whether you're truly capable of doing it and how much you're willing to risk. Most "milliondollar" successful businesses started because people took risks but they planned to take those risks and simply made it work.Of course, as you mentioned, every beginning is difficult, but what matters is that after the first fall, you get back up and keep going. In most cases, things won’t go exactly as planned, but if the effort and risk eventually pay off, the business can turn out to be very successful.