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Factors that determine business success.
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[QUOTE="funmi, post: 217936, member: 38880"] People always wonder why they keep on failing in business despite all their effect to succeed, they realise it still does not come out so well. The reasons are not far fetched, I will category it into two basic areas one is the problem with the economic system you find yourself, let's take for instance a country like my country where the economic situation is so terrible with a very terrible inflation it will be so hard to keep up a business in such a country. The prices of goods and services fluctuate in an unimaginable manner . the price at which you bought the goods are services you sold yesterday had increase before you get back to the market to restock the next time. So how can one ever balance such a situation. Again business people in my country do a lot to keep their business up.and running like accessing loans which becomes very difficult to pay back due to the hardship in the course of running the business like transportation cost, cost of powering a generating set due to lack of power supply and a host of other avoidable expenses. Then lastly lack of insight in the business area. [/QUOTE]
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