Post
Topic
Board Economics
Re: Planning on starting any business?
by
salad daging
on 30/06/2025, 21:39:36 UTC
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.
Yes - planning is important and of course you have to ask yourself if we can do the business by taking risks, because risk is part of success if we can face it well.

So far, many people are still afraid to start a business, especially those who have limited funds to start a business, so here is where the business stalls and cannot grow, so careful planning must be thought about all possible risks that will occur.

If the business is running well slowly, then the possibility of asset evaluation will be great - of course it will be worth millions of dollars if it has grown big.