Business Ideas Never Start A Business Today And Quit Tomorrow.

[Sikapa]

Most of the countries in the world are now facing economic crisis and most individuals are not knowing what to do now, either they should start their own business or not. Starting One's own business is a good and best way to deal with financial freedom but most people think they have to start their own business with huge amount of money but this is not so.

It is very advisable to start a business with scanty money And then later expand your business even if it is possible to go for loan because at that stage you have know and see that your business is moving on well. To me I always say how much you have being into that game of a particular business makes you successful because you have learn all the strategies involving in that business. Never start a business today and then quit tomorrow because you will never know what the next day will bring.

 

[Jasmine]

When you start a business, you start with the basic idea that you will continue to work on your business for at least 2 years even though you might not make a penny. If you want to make money fast, get a job because you work for a month and you will get paid bu the end of the month, however, business takes time to generate sales and profits. Sometimes it takes years before you can read break even point. If you do not have that kind of passion, never try to start a business. If you do not have patience, if you do nor work hard, business is not for you. Putting a lot of money in your business does not guarantee you success, how much money you have invested does not guarantee success, success is determined by he business idea, marketing strategy and the demand for the product.

 

[CALVINDOL]

It is pretty much correct to say that most businesses do not last the test of time. And according to research and studies one of the reasons why many businesses never last the test of time is because of how Paul and unrealistic the business idea was before the establishment and implementation of the business. As a business owner or as an individual wanting to establish a business it is absolutely mandatory and paramount that your business idea should be so realistic and also you should be a kind of business idea that can impact the lives and existence of people.

For example: in a country like Nigeria it could be very hard for an individual who sells flowers to make income and ends meet as a result of people living in Nigeria not used to the buying of flowers except for decoration purposes but that is during celebrations and festive seasons. You must also know the season in which a particular business can boost it profit or not boosted profit. Little information like is can totally help you establish a long-lasting and profitable business.

 

[Finger Geek]

I will not advise us to take loan on a new business because if the business did nit go as you thought it will work then it will be problem because you will have to pay back the loan and if there is no money available then every day interest will be adding up to the loan and this may cause a new business to fall. So we should stay away from taking loan for new business.

Some people have started a new business and because they are not doing well in the business, they will leave the business soon. This is wrong. What they ought to have done is to sit and look on what they are not doing that is making the business not to grow. There are some business of the same that they are doing well. The business owner can learn from them. But quitting is never the solution.

 

[Heartstrings]

Some people have no idea how to run a business,all they do is start a business just to start earning,but that is not always the case, and at the end of the day they will end up frustrated,why because your mind wasn't ready for the busy but your body was. Business pays gradually,you don't start a business and expect huge profits immediately and when you don't get it,you quit and move to another business,but you have excuse of no profits. The actual truth is you not taking time to think it through if that's the business you really want to do and wanting to do a business is one thing,while having passion for a particular business and go for it is another.

Frankly I don't support taking a loan at an early stage of business, things may go wrong and you will be stuck with a loan debt,either business isn't moving like expected or you got an emergency bills/ expenses to sort out.

 

[Carpon]

Yeah actually one thing that should be considered even before that is analyzing the status of the business and it's potential ability to stand and grow despite prevailing circumstances. You know they say that no wise builder begins to build without first counting the cist whether he can be able to complete what he started.

So before even starting, you must have seen into the future and predicted that the business will be able to thrive.

But at times it is even more advisable that you quit a business earlier because you can still escape with some little amount of the capital unlike when the business collapses entirely on its own where you will be left with virtually nothing at all or even have debts on you.

But at times, a business may be facing hard times which actually does not mean the business will crash. It is all about careful thought and analysis before taking action.