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In the strictest sense, business is never easy. You have got to worry about a lot of things - either people will patronize your products or not, whether your employees are ready to work with you or not. Also, in the event of failure, as a business owner, you are all on your own with nobody to care for you or even share in the loss with you. What makes business to be easy is that you take all the profits alone and make all decisions alone.The level of commitment of the business owner and available resources will go a long way in determining the success of any business. Other external factors that might affect growth rate of the company include type of business and industry the business operates. It's important to have a good business plan and appropriate funding. When a business lacks adequate funding, it becomes difficult to implement and execute development plans that can lead to early success in business. Sourcing funds from financial institution has been the go to point for most startups. Although, the requirement and delay in processing of funds coupled with high interest on loans makes it less attractive to most business owners with adequate funding.
Is it possible for a startup to be successful in 2 years?