Quote from: harapan on Today at 07:02:14 AM

Quote from: Lida93 on June 11, 2025, 05:04:43 PM

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!

Amidst proper management what hinders businesses is debt more especially when family and friends are involved, they'll want you to give them at a discounted price or even in debt and then your business suffers for it in the long run. So when planning any business one should avoid and not allow their family and friends to have such opportunity that's one thing that kills a business after much investment in everything.

Yeah you are very correct, when family and friends start coming to your business and patronizing you they will start making demands and telling you to reduce the price for them and because they are your family members or friends you may decide to reduce it for them so they won't say you didn't help them and from there you will start losing money, some of this family and friends even take things from your business in other to pay back later and some won't pay back, lot of people's business has fallen because of there family and friends, as a business man or woman you need to discipline yourself very well so you won't lose money, don't use your business for family or Friends charity be very discipline and always stand right don't joke with your business so you won't lose a lot of money.