Learn first and earning later is one of the best points that he has outlined in this article and it is very true that the best way that anyone can make money or make his business to become successful is by focusing more on knowledge than even the capital.
Discipline is very important aspect if you want to be succesful in your business and you must have knowledge about the business you are aiming to start before venturing into it.
Tips of successful business you have a plan before starting a particular business because you need to have good source of capital.
Although, one needs to consider also the capital as it would be demotivating if you are only working and getting little profit after you have planned so much.
Yes, the knowledge must be there for the person to take it far when it comes to managing a business. When the knowledge isn't there, their is no how the entrepreneur will make it far.
You are very right as a capital that is needed to start up a business is very important for you to be very big so that the business can be earning some very reasonable profit in the long run.
Capital to an extent if one is Patience you could get it and even start as little as you can but if you don't have the knowledge about the business and you have the capital and you're likely going to lost out from the business.
It depends though, I just feel that one should start small whatever type of business you wish to start so you can be able to tell how it works without just concentrating on the profit if you start big.
Yes, it isn't all about the capital alone. We ought to have understanding around the business which we choose to keep it running for long time.
I believe this advise concerning starting a business small so that you can be able to understand it very well it's quite a very sound one and I believe that if everyone can start a business small then they will have a better knowledge of the business as it grows done starting the business very big which will be will be very complex to understand.
Exactly, starting a business big would only bring complexities because there are many things about a business one would most likely not be aware of until the business starts.
Yeah getting a loan can be a source of getting money to start up a business but what are we going to do about the risks that involved in getting a loan to do anything, what if we are not able to pay it back ?
Getting a loan these days is not a problematic task like before, you go to a bank and apply for the loan. Submit your all necessary documents and you will get your money after verification is done. also there are some private companies who provide loan for businesses
It is just easier to get a loan now, I guess because of technology and digitalization, you still need a collateral if you are thinking of getting a reasonable amount of money as a loan from bank or other organisation.
