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Business strategy
How to successfully run a business
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[QUOTE="Kingsley, post: 216833, member: 30278"] There several strategies one can adopt in running a business successfully, the first area I will consider is patience, business requires a lot of patience. I see somany people rushing into starting a business with the expectation that they will make a fortune within a short space of time. This is not always true as business also needs time to grow and become sometime big. We should not expect things to begin to work over night. Many made this error and today they are already discouraged. Another thing one must always consider is the ability to utilize business funds on items that are needed by the business somany make the mistake of utilizing the business funds on other unnecessary or irrelevant items. Some people even go as far as accessing loans from both the commercial banks and micro finance banks and instead of using it for the business they divert the funds for some other purposes and as such they eventually get into trouble. Then are are some that doesn't even have a slight idea of the business they are venturing into. They are just going into it because they saw some other persons doing it, or they hard people saying it is lucrative rather than for them to do their research. [/QUOTE]
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