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❓ASK My old business

MrUnderpants

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First to say hi this is my first post on beermoneyforum so Hi.
I wanted to know what businesses did you make but it didn't work in the end.Maybe your business idea can help someobody else.Example
I try to made online shop for pregnant woman because i thought the market is bad in my part of country i would order from AliExpress and try to sell bigger price but obviously it didn't work so i want to know what was your idea that didnt work
 
Mine was a food stall.. it's doing pretty good it's located outside a highschool so it's costumers are no problem but then the pandemic hits and everyone is homeschooling.. i just it's a failed because of the wrong timing of.pandemic
This is actually not good to hear that such a promising business has been distracted by the pandemic. I will advise that you should look for something doing before it is lifted and at that time you should try creating an online website or even an application where people can be able to order for their food and have it delivered home.
 
First of all I believe that you gave up on the business very early even as there are a lot of business opportunities that you can be able to take advantage of. First of all you should try to consider the kind of products that you tried to order from AliExpress and it is possible that maybe people are not interested in them or you are going into the wrong side of business. You can try to check out the website for what people want or for a change of quality.
 
First to say hi this is my first post on beermoneyforum so Hi.
I wanted to know what businesses did you make but it didn't work in the end.Maybe your business idea can help someobody else.Example
I try to made online shop for pregnant woman because i thought the market is bad in my part of country i would order from AliExpress and try to sell bigger price but obviously it didn't work so i want to know what was your idea that didnt work
I made a gambling betting shop and today the business as shut down,which I can say is a mistake from my end because I actually opened the shop just because a friend of mine did same and it's flourishing,I did not consider the location and the season which the business will flourish.
 
Mine was laundry business. When i moved into my former area i noticed there wasn't any laundry around there.so i made from inquiry and started the business. I was getting customers until the area electricity got so bad that i solely had to depend on generators to wash and iron my customers clothes. this was putting a strain in my business, had to change 2 generators under a year and half that i run the business.so the business wasn't too productive and i left it for other ventures.
 
First to say hi this is my first post on beermoneyforum so Hi.
I wanted to know what businesses did you make but it didn't work in the end.Maybe your business idea can help someobody else.Example
I try to made online shop for pregnant woman because i thought the market is bad in my part of country i would order from AliExpress and try to sell bigger price but obviously it didn't work so i want to know what was your idea that do
I have always been craving for a white collar job after my university degree but i had to go into farming business because I could not get my dream white collar job, so i couldn't concentrate well on the farming job so instead of gaining when my produce comes out , I failed because I lack concentration.
 
Mine was laundry business. When i moved into my former area i noticed there wasn't any laundry around there.so i made from inquiry and started the business. I was getting customers until the area electricity got so bad that i solely had to depend on generators to wash and iron my customers clothes. this was putting a strain in my business, had to change 2 generators under a year and half that i run the business.so the business wasn't too productive and i left it for other ventures.
Laundry is a good and lucrative business , most especially If you are in a marketable location where most of the people around are salary earners and business tycoon that doesnt have time to do their own laundry , but you actually need water and light.
 
One of the business that was a let down was the business of buying second hand cars cheap,fixing and patching them and then reselll.It collapsed because of lack of more commitment and dedication because at the time I was having a full time 5 to 9 job.


With the experience o have gathered now and knowing how to balance time,once I have funds available I am sure I would do better.
 
Mine was opening a football center. With many people involved in football games, I hoped to start a viewing center. But when I analyzed the cost and all, it didn't work.
This is a very profitable business which can easily be diversified without making losses as long as you have the patronage,we know viewing centres are seasonal because of the seasoned games so you can diversify into virtual betting or opening a game shop aside.
 
There are some people that usually say they quit a business because of much competitors in the business or they don't get a much sell within a 4-6 month. I don't think quitting the business is the best thing, business beginner has to have a patience and keep hardworking.
I have also seen people that have quit business because of much competition and they believe they will be the prey if they continue to contest with the giant in the business world instead of trying and competition with the bigger business and advertising.
 
I have also seen people that have quit business because of much competition and they believe they will be the prey if they continue to contest with the giant in the business world instead of trying and competition with the bigger business and advertising.
I think some people feel less inferior and when they see that the competiton is big to handle they would actually take a switch up to another form of business,they actually don't want to run broke trying to compete with the best business ,so they would just decide to quit at first
 
Feeling less inferior when competing with a bigger company producing the same product with small company is always common and most of the time, some small enterpreneur always get a mouth watering deal from the bigger company thereby selling their business .
I think some people feel less inferior and when they see that the competiton is big to handle they would actually take a switch up to another form of business,they actually don't want to run broke trying to compete with the best business ,so they would just decide to quit at first
 
Feeling less inferior when competing with a bigger company producing the same product with small company is always common and most of the time, some small enterpreneur always get a mouth watering deal from the bigger company thereby selling their business .
That happens a lot when a small business and a big business doing the same thing are situated near each other. The small business will go through so much inferiority complex. Most of the time, they will even lack enough customers because most people prefer the bigger business. Eventually the small business crushes or they sell it away.
 
Feeling less inferior when competing with a bigger company producing the same product with small company is always common and most of the time, some small enterpreneur always get a mouth watering deal from the bigger company thereby selling their business .
That's the tactics most big companies uses on the small entrepreneur ,when the see that they are just little ,they will reduce the price and make it hard for the small firm to suceed ,after that they would buy up the firm and this would cause more issue for the small firm to grow to a higher rate at thie moment too tho i think
 

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