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Author Topic: Which is the best way to succeed in a business?  (Read 637 times)
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January 16, 2025, 09:25:56 AM
 #101

I think the second thing there is environment doing business at home that is where you come from your community where you are been know by family and friends could not really be a good one if you have a soft mind of giving out the first set of people that will want to run your business down is your family members sometimes they will come to buy things on credit because they know you am saying this out of experience it is better you do business out side instead of doing business in your community.

You will have better luck running a business if you don't do it with friends and family. Because you're looking with people with skills that complement your business talents, and most of the time, you're not going to find that in family or friends (but there are exceptions). So it's a waste, especially at the early stages when you need to make some sort of product before you can make money.

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January 16, 2025, 10:30:28 AM
 #102

The best way to succeed in a business is about your marketing strategies, if you have a marketing strategy is a way to succeed in a business for example make a plan think what you want to achieve and how to get there next up is research your market, understand your competition, and figure out how to stand out.

Plan your budget and make sure you know how much money you need, find out what your customers want and at problems they have, and make sure your business or service helps solve those problems and build a strong brand like have a good online presence, including a website and social media.

Market your business like use simple ways to tell people about your business, like social media, ads, or word of mouth next up is stay in touch with costumers to keep them coming back.
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January 16, 2025, 01:05:22 PM
 #103

The most important thing is not to take too many capital loans if the return post after being calculated is not able to cover the loan that has been submitted as the initial business capital because most entrepreneurs who still have minimal capital will try to boost it by applying for loans to related institutions.

If strong, I really agree with the technique you said above and that is the real combination to successfully run a business so that it is sustainable.
Starting a business with small capital is indeed very difficult and also very challenging because the level of profit itself is clearly not too big or too much. However, in this case I strongly discourage making a capital loan anywhere because a capital loan for a small business will not always help unless the business owner is sure that he can pay it off within the specified period. Because I do not see the capital loan as an aid, but it is more of a pressure that must be driven by the business owner in paying it off through the level of sales he gets from his business.

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January 16, 2025, 02:11:58 PM
 #104

The most important thing is not to take too many capital loans if the return post after being calculated is not able to cover the loan that has been submitted as the initial business capital because most entrepreneurs who still have minimal capital will try to boost it by applying for loans to related institutions.

If strong, I really agree with the technique you said above and that is the real combination to successfully run a business so that it is sustainable.
Starting a business with small capital is indeed very difficult and also very challenging because the level of profit itself is clearly not too big or too much. However, in this case I strongly discourage making a capital loan anywhere because a capital loan for a small business will not always help unless the business owner is sure that he can pay it off within the specified period. Because I do not see the capital loan as an aid, but it is more of a pressure that must be driven by the business owner in paying it off through the level of sales he gets from his business.
Very challenging indeed but actually it does have its on pros too on which if you do able to make that small business that comes from small capital to grow then it does basically means that you are really indeed having that progress on which it is really that likely that you will be able to make that business that becomes big then you will definitely be having that kind of chance of success. On the time that you do have that small capital then you will be doing very serious on trying out to make it big, although there will really be those advantage when you do have that bigger amount of capital on which in compared to those who do have small but of course its not really giving out that assurance about success on which we know that there will always be that risks or chance of failure. The good thing about on having that bigger capital is that you do have that deeper threshold in compared into those who do have that small capital.

Success isnt something that give out that assurance that it will happen whether small or big capital then it will that not give out that sure thing and thats why when handling out business then it will really be that recommended that you should be considerate about into the risks or potential thing that affect out success rate. If you do have plans on having that kind of progress then investment or business will really be sweetest spot for you to do but bare in mind that chance of failure is still there, so better be careful.

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January 16, 2025, 02:27:47 PM
 #105

The most important thing is not to take too many capital loans if the return post after being calculated is not able to cover the loan that has been submitted as the initial business capital because most entrepreneurs who still have minimal capital will try to boost it by applying for loans to related institutions.

If strong, I really agree with the technique you said above and that is the real combination to successfully run a business so that it is sustainable.
Starting a business with small capital is indeed very difficult and also very challenging because the level of profit itself is clearly not too big or too much. However, in this case I strongly discourage making a capital loan anywhere because a capital loan for a small business will not always help unless the business owner is sure that he can pay it off within the specified period. Because I do not see the capital loan as an aid, but it is more of a pressure that must be driven by the business owner in paying it off through the level of sales he gets from his business.

Borrowing capital for business is very normal, even happens regularly with businesses . But whether or not we should borrow money for business will depend on many factors and only the business owner can decide that . I mean , it all depends on each business's strategy and plan . If we are confident in our business model, idea and strategy...there is no reason why we shouldn't try .  Because there is no success without trade off .

If we do not dare to step out of our comfort zone, do not dare to take risks , how can we expect success to come to us? 

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January 16, 2025, 08:35:48 PM
 #106

The fact is that what ever you become tomorrow is a product of your mindset infact you can't grow beyond your mindset so even if you find yourself in an environment where that doesn't support business growth if you just have the right mindset you can grow your business to becoming successful because one key to business success is rooted in the mindset of the person involved two people can be in the same business but the success of each of them will depends on the kind of mentality that each person possess so the most important thing needed for the success of any business is the mindset
I can't help but agree with you on that. It's true that one's success in life depends on their mindset and how broad their thoughts are. Similarly, when someone starts a business, the environment might make a difference, but the mindset of the owner will play a great role in shaping the business and making it grow over time.

We often see people running successful businesses in environments where one would think a business can never be run successfully. I have seen people running their businesses in places which if you see, you would say they wouldn't even get customers, but that's totally against the reality, and they do pretty good for themselves even in such an environment. The reason behind it is simple, it's their mindset that makes their business work because they don't give up and they know what will bring them customers.

This is why I agree with you that a person's mindset will reflect in whatever they do in life.
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January 16, 2025, 11:13:38 PM
 #107

Changing of environment also matters alot in business mostly when the demand of the goods one sell is very low at the environment the is best to change environment. And is also important to study the environment very well knowing what they lack and need in the environment before developing a business whereby there about five provision store in the area don't plan on opening same business come up with another business idea mostly what they lack in the area so I think environment also matters alot and is one of the most important thing to consider when starting up a business your business growth determines the environment
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January 17, 2025, 12:55:20 PM
 #108

In my opinion, changing mindset is something that should be considered rather than changing the environment. Because in business, the environment does not affect success in business, because self-control still plays a role. But mindset greatly affects success in business. A mindset that is changed for the better will shape the way we view opportunities, overcome problems and make decisions so that we can open up opportunities for success. Someone who has a good mindset will have the desire to learn and work hard in order to get results, this is a common characteristic of a successful businessman.
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January 17, 2025, 04:05:08 PM
 #109

patience is an important ingredient.
With money about 4 to 6 years, without at least 10.
Along with mindset, patience is another important factor in business. There are many people who want to become rich in business overnight but one advice for them is that no matter how much you focus on business, if you don't have patience you will never succeed in business. Many people have 5 to 10 years of practical experience but they have not achieved much success in business. If you analyze their case, you will definitely see that they may lack the quality of patience required in business, although they have the mindset and business environment inside them.











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