Post
Topic
Board Economics
Re: Planning on starting any business?
by
ancafe
on 02/08/2025, 04:00:59 UTC
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.
The question now is, do you want your business to grow quickly or slowly but sustainably? Fast-growing businesses are likely to only last a few years, while slow-growing businesses usually last longer. This is a phenomenon I've experienced myself: when I started a business, the growth rate was so rapid, but ultimately, it all disappeared within a relatively short time.

Business does require planning, strategy, and management, but the most important thing is how the business can survive. Not all businesses can survive long-term because sometimes they become outdated. Imagine when you built a manual dosmir business and now dosmir uses much more advanced technology.