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Business strategy
Any risk in starting up a business without experience
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[QUOTE="funmi, post: 219812, member: 38880"] Personally I do not start a business that I do not have a practical knowledge about, this is because if there are challenge one will be able to handle it but if one refuses gather some practical experience on the type of business one intends to start then any little.challenge might bring to an end the whole.business. I have always helped my parents out with selling of gari and some other farm produce and since then i have been able to gather a lot of practical experience in the trade, now am still doing very fine in the business despite the challenges that we do face in the course of running the trade and even some of my competitors that started selling because they saw me doing the business and imagine that is will be making a fortune out of it because of the way I have been managing my business very professionally and they all admire from afar and decided to join the trade. But today many of them has again switched to other kinds of business. And some of them got seriously indebted and have packed up.the business. They are still paying up debt currently. Practical experience is key. [/QUOTE]
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