Post
Topic
Board Economics
Re: Planning on starting any business?
by
MarjorieZimmermanGinger
on 06/08/2025, 04:38:30 UTC
But on account of proper management structure on ground with even the small size of capital, it can be sustaining to such business's success in the long ... Experience should be considered as a key asset in business planning and as a key factor it's important to always involve those with experience in the area of business when planning. Never neglect this!
While this is absolutely true, it's important to conduct research before starting a business because not all locations will have the same business suitability. I once built a small-scale business in my neighborhood, and from my experience, those businesses thrive when people need them. Small capital can be adjusted, and experience is also very important before deciding to start a business. The mistake many people make is building a business that doesn't meet the needs of the local community, which results in the business not growing as expected.