Post
Topic
Board Economics
Re: Planning on starting any business?
by
DanWalker
on 01/08/2025, 03:05:19 UTC
I prefer building a business for the long term rather than achieving short-term success because businesses that grow quickly also experience setbacks quickly. Capital is indeed a crucial factor in determining the steps we take to develop a business, but that doesn't mean having little capital means you can't start. To build a business with small capital, we must be able to see opportunities and how the business can become a necessity for most people.


The growth rate and longevity of your business depends on your planning, strategy and management skills. Fast growing businesses are those that make the right decisions from the start, so it would be incorrect to say that if a business grows fast it will also fail fast.

Also, you can start a business with a small capital but the chances of success will be lower than when you have a large capital no matter how perfect your vision and plan are. Because between theory and practice, between saying and doing, there is a huge gap. Things don't always turn out the way we think.

It is no coincidence that business is considered a battlefield where knowledge and theory without practical experience will be of no use. And that is why most people will have to go through a few failures before they can survive in the market, let alone grow and expand their business.