Without proper management, a business ends before it starts. Many people think that a business needs a large capital to be successful. However, in reality, no matter how large the capital is, if there is no proper management or planning, that business cannot survive. In many cases, even if the capital is small and there is a planned and well-structured plan, it is successful in the long run. Effective planning, experience and sustainable management are three things that should not be neglected before starting a business.
It frustrate the owner of the business because there is no proper planning, were the owner of the business will be comfortable with the business than to be receiving losses that will frustrate him or her out of the business, when you have a good plan towards your business, it doesn't matter whether the capital is big or small to approach the business but you will improve with that capital because you have the idea on how your business will look like to attract customers that will boost your capital in the future, this is the reason we keep talking about business knowledge before going into any business of your choice, it will give you direction that will make you profitable all through in your business, just because you have the knowledge.