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Business strategy
Does huge business capital lead to a successful?
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[QUOTE="Richee84, post: 284181, member: 42448"] Having a huge capital is one of the advantage of a new business, it is always perceive by most people that starting a business with a very huge capital will make the business to survive and give it edge over it competitors. It is very true that if one can start up a business with a very huge capital the business will survive if it is well plan and monitor. No matter the amount of capital we plan to start a business with, it is very important that we first have a good business plan for the business and after that we ensure that we employ the right people to manage the business activities. If an entrepreneurs have huge amount of money to start a business and have no good business plan on ground or have no passion and determination for the business, the money he or she spent on the business will just become a waste of resources. A business need both good capital and good plan to become successful business. Only the good money on ground will not make the business to be successful if it is not well manage by the owner or the people they employ to do so on behalf of the company. [/QUOTE]
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