What can happen if you outrageously start a business.

[CALVINDOL]

Most of the individual who established the business out of a blue are more likely to go bankrupt in the business they have established as a result of not having the requisite experience and sufficient training on how to manage and run a business in the best possible ways so that he could meet expected business objectives and achieve expected business profit . Not anyone can just start a business all of a sudden, it absolutely takes a trained and learned individual to be successful and prosperous in his or her business . There are some qualities and attributes of a good and prosperous business owner and if a business owner managing and establishing businesses today does not possess or exhibit these qualities and attributes in his or her business dealings and doings such a business owner is more likely to go bankrupt or possibly lead his business to the wrong and unadvisable direction or route .

Establishing and managing a business goes more than having sufficient capital to bring the business into existence, establishing and managing a business definitely has to do more with knowing how to facilitate and allocate present business revenue and funds. And according to research and studies one of the main reason why businesses go bankrupt and even become liquidated is because the business owners managing such a business do not know how to sufficiently and adequately facilitate the business financially with the available revenues and funds it has .

 

[Axis]

As you have written above most of the persons who established this businesses often goes bankrupt. This is because they didn't enquire or get the training or skill or even the experience before establishing his businesses and so it will be difficult for them to manage and also develop or grow the business as well. Something when the business is low on funds this person's will not know what to do or setting strategy in for he or she will use in order to revive the flowing of funds in the business. And we know that when a business is low on funds he can make the business go bankrupt closed down and even destroyed the business permanently because there will be no money in maintaining and also invest in the business to a more greater scale. That is why it's very important to take in adequate knowledge on the type of business you are to establish before establishing because ignorance is not an excuse because the consequences that will come when you outrageously establish a business can be very disastrous

 

[TOZZIBLINKZ]

In other words acting with outrageousness totally means acting with desperateness in your mind or in your heart , and when an individual display the attitude of being desperate in establishing his or her business organisation there is a possibility that he or she would not have all the details and all the sufficient experience in there is to establish and to manage a business .. it is absolutely very important and necessary that a business owner or a business manager have all the requisite knowledge and sufficient experience before he or she goes into business, because the lack of sufficient knowledge and experience totally makes you to lose control in your business and more importantly you begin to carry out business activities and responsibilities in the wrong ways and strategies .

Having sufficient working experience is absolutely very important and if you do not believe this you can take for yourself the example of prominent entrepreneurs today in the world and do a feasibility research on why they are so prominent and prosperous, according to my own research it is as a result of being qualified adequately experienced .

 

[Jasz]

Here are some of the things that can happen if you start a business without any knowledge about it:

1. You may end up spending all your time on it, which will make you lose the opportunity to do other things that are important to you and your family.

2. You may lose money because of lack of experience in managing money.

3. You may get into trouble with the law because of your ignorance or carelessness while doing business.

4. Your reputation could be ruined because of something that happened during your business venture.

5. You could lose friends and family because they don't like the idea of you starting a business without any real knowledge about how it works, how much it costs and what kind of risk you are taking when doing it.

You'll be laughed at by everyone you know. Your friends and family will mock your ideas. Your colleagues will roll their eyes and scoff. Your neighbors will make fun of you in public. Even people who seem like they would support your idea will eventually get tired of being supportive and put them down. And then they'll pity you because they know how hard it is to start a business, let alone an outrageously bad one.