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[xXInfectedXx]

Did you start a business and was it successful, or did it fail? Or on the other hand, is it okay but it's not yet successful? I'm not a business owner, so I can't answer this question!

 

[Wisdom01]

When it reaches that point where there is no any other source of income, then you will need to pause your business idea until another time. Or you can go the way of selling your business idea to someone who needs it and has the capital to start it.

I will consider this but most people still have little patience , because if they dont have any capital they would be patient till they have capital again

 

[a_jerobon]

I will consider this but most people still have little patience , because if they dont have any capital they would be patient till they have capital again

Yeah, many people do luck patience. Once they have a business idea without any capital, they will do every means to get it. Some even take the risk of taking loans with high interest which will be so hard to pay back.

 

[Wisdom01]

Yeah, many people do luck patience. Once they have a business idea without any capital, they will do every means to get it. Some even take the risk of taking loans with high interest which will be so hard to pay back.

I cant try that because i know how hard it is to pay a borrowed loam back , for some people it actually take days before they could pay the loan back

 

[a_jerobon]

I cant try that because i know how hard it is to pay a borrowed loam back , for some people it actually take days before they could pay the loan back

Yeah, and the more you stay without paying the loan, the more interest accumulates. I also would not risk taking a loan to start a business.

 

[sh199]

Did you start a business and was it successful, or did it fail? Or on the other hand, is it okay but it's not yet successful? I'm not a business owner, so I can't answer this question!

Failed mate, I tried dollar buy sell business in the local market but I failed for lack of finding bitcoin in good price. Bitcoin is pricey in our local market. So, give up the business.

 

[Wisdom01]

Yeah, and the more you stay without paying the loan, the more interest accumulates. I also would not risk taking a loan to start a business.

I cant try that because most especially this pandemic that some business are still struggling to survive , it might be a burden

 

[Hashay]

I'm just starting to plan to start a business but when I was in school i was in the organising committee for social gatherings and we had to plan a lot, I can say that business takes a lot of planning.

 

[tray59]

Man ,i started a business it was successful for years not until the pandemic changed everything and i made loss instead of profit from my business

The pandemic really cost alot of pain and make people encounter losses in their various business ways lane so for this aspect I think someone that his or her business was affected during this pandemic need to open eye again and look after his business,sorry for the loss.

 

[Hashay]

We do

I haven't opened any business until now but I am planning in the future to open one and of course I want to be successful. I know we allhave have to fail before winning but I think it is possible to win even if you dont lose but you got to watch your steps and be careful at everything.

We do not necessarily have to fail when starting a business as one can learn from others mistakes and avoid them to start a more likely successful business.

 

[a_jerobon]

I'm just starting to plan to start a business but when I was in school i was in the organising committee for social gatherings and we had to plan a lot, I can say that business takes a lot of planning.

Business planning can really be hectic. Yet it is very essential for the success of the business and so you will just need to be resilient and do it. A poorly planned business never runs well and so you will need to take business planning very seriously.

 

[Hashay]

Business planning can really be hectic. Yet it is very essential for the success of the business and so you will just need to be resilient and do it. A poorly planned business never runs well and so you will need to take business planning very seriously.

Thank you for the advice, I myself have made sure to do a lot of research and plan how best to run my business to have an effective result. God help us.

 

[a_jerobon]

Thank you for the advice, I myself have made sure to do a lot of research and plan how best to run my business to have an effective result. God help us.

Amen. Research and planning is truly very good in starting or running any business. Research helps you understand the business best and planning makes you have clarity on how you work, hence you always know what to do instead of wasting time doing nothing.

 

[Shubhamkedia]

Personally, I have been in 2-3 projects of which 1 failed another one was not that successful but the third one is very successful and I am currently doing that.

From my experience, what I can say is that for any business to start first you will have to do a thorough research, from end to end. Including but not limited in knowing what are it's future prospects. Even after all this, there is no guarantee that you will succeed and that's where experience come in.

Where does experience comes from? It's from your past failures, so even if you fail in any business don't be disappointed from it instead learn from the mistakes, make it an experience which will be useful to you in your future endeavours.

 

[sh199]

It's good to start a business and you can pick and choose the best factors to take into consideration. I have not come across a well-reviewed business plan from a company that offers not to hold yourself accountable. Everyone should hold themselves accountable to pay their bills, show up to work and maintain their insurance to make sure they don't end up on the streets

 

[a_jerobon]

Personally, I have been in 2-3 projects of which 1 failed another one was not that successful but the third one is very successful and I am currently doing that.

From my experience, what I can say is that for any business to start first you will have to do a thorough research, from end to end. Including but not limited in knowing what are it's future prospects. Even after all this, there is no guarantee that you will succeed and that's where experience come in.

Where does experience comes from? It's from your past failures, so even if you fail in any business don't be disappointed from it instead learn from the mistakes, make it an experience which will be useful to you in your future endeavours.

I totally agree with you. Researching before you start a business is very important. It makes you well prepared to start and run the business. And learning from your past failures is very key in business.

 

[Ridorz]

I have a small business, it's not successful yet because I'm yet to achieve my goals. I face many challenges but I didn't quit and I conquer it. Now I don't failand I'm moving towards successful.

 

[kaycee001]

My first business was a very big flop because i practically do not have the necessary ideas of what the business entails. I took loan from my company and invested in the business due to the fact that i was a novice i had so many expenditure and had to incur more debts before the business finally folded up. Though i didn't gain as i expected but i have some experience now

 

[Ridorz]

My first business was a very big flop because i practically do not have the necessary ideas of what the business entails. I took loan from my company and invested in the business due to the fact that i was a novice i had so many expenditure and had to incur more debts before the business finally folded up. Though i didn't gain as i expected but i have some experience now

That's the reason one needs to have a good knowledge about a business before the person Start it in which to avoid the waist of money and time. Anyway, I just started my own business and and believe that I will successfully on it.

 

[Ridorz]

The first business that I actually started was a poultry farm which are opened after the lifted lockdown in my locality. An evaluation right now I think it is really reaching up to the goal that I set and I am even planning on expanding it very soon.

That's good for you. I think you are doing the right business because poultry farm Business is a lucrative and profitable Business if you have a knowledge/idea on how to be managing it.

 

[Snowmansolito]

I started a business of selling kitchen wares but it's not really growing fast as expected due to low traffic. I guess the location of my mall is a contributory factor but I'm planning towards changing location to a more busy area