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Is monopolizing yourself as the only seller of a product advised.
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[QUOTE="TOZZIBLINKZ, post: 260512, member: 37528"] A lot of business owners believe that if they could get to monopolize themselves as being the only seller of a particular business product or service then they would make a whole lot of profit and a whole lot of business output and they will not even have the problem of facing competitors since they are the only sellers and dealers of a particular business product or service . But while this could be a good opportunity , but somehow it could lead to a big problem that is probably unforeseen and uncalled . We must first of all understand that no individual is guaranteed to stay in business forever because sooner or later businesses will always go bankrupt and liquidated and although it is not something that we pray for but passage of time and unexpected events overtakes every positive and rewarding thing and business is definitely one of them . Endeavour to train others in other to carry out your business even if when you are not in existence because this will absolutely go a long way to keep your business legacy and reputation . This is basically applied to service-providing kind of business . Most of the service providing kind of businesses to monopolize a particular kind of service only to themselves in order to make the most profit and acquire the most customers and clients but to be sincere , it is indeed advised that we teach and lecturer orders as apprentice in other to carry out this services themselves even if we as the business owner may not be in existence . [/QUOTE]
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Is monopolizing yourself as the only seller of a product advised.
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