Post
Topic
Board Economics
Re: The most important factor when building a business
by
Cryptmuster
on 26/08/2025, 08:08:22 UTC

There are many things to consider when building a business, and of course, we must have capital at the start. Beyond that, I'm most focused on market demand and our expertise in running a business. I believe these are two essential elements that are interconnected to ensure we can easily run a business and be accepted by the market.

There are many techniques for advancing a business, but it's important to remember that running a business carries significant risks, so we must battle with competitors in the market to advance. This is what we must consistently do.

And how do those who have no experience start a business? And a business can be started even without capital, for example, with the help of other people's money or with the help of credit money. So this is important, but it is possible to find another solution, and it is more important to find the right niche that will be in demand in the market and where the competition will not be very high, because for a new business it will be more difficult, or you will have to get less profit in order to be more competitive.