Alexandoy
VIP Contributor
Don’t be mistaken with the title because I have to admit that failure cannot be completely avoided in the equation of the business. What I mean with the title is that you are fully prepared in full battle regalia with enough business knowledge, ample capital and proper business connections will give you confidence in the start up of the business especially for those with no business experience.
Business knowledge means you know the operation of the business from the source to the end. An example is a retailing business that you purchase the products, display it in the store and get sales from visiting customers. You can also deliver to fulfill the online orders. The capital is more than the estimated capital required so you have extra funds that can save you from adversities. The proper connections is the seeking of suppliers, the prospecting of customers, the connection with other people and entity like the taxman, the staff in the city permits office, etc.
Business knowledge means you know the operation of the business from the source to the end. An example is a retailing business that you purchase the products, display it in the store and get sales from visiting customers. You can also deliver to fulfill the online orders. The capital is more than the estimated capital required so you have extra funds that can save you from adversities. The proper connections is the seeking of suppliers, the prospecting of customers, the connection with other people and entity like the taxman, the staff in the city permits office, etc.
