The major thing that keeps business moving is good management. Effective management could make your business or Mar your business. This is the reason why you should employ someone to oversee your business with good managerial skills.
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If your business is very important to you you should always make it a priority to try as much as you can to cut out all unnecessary expenses that is going to put your business into debt .There are businesses that have grown or are already growing gradually but the challenge some business owners do have is how to sustain such businesses. In your opinion what are those things to avoid in running and sustaining a business?.
You know when it comes to doing business with family members and close friends, it's Abit hard to actually charge them the same way you might charge others. When do you think should be the best time to give them discount?Well business owners should actually avoid selling things on credit and also giving discounts to family and friends and it shouldn't be in a regular basis and so on
Yes.Business owners should try to avoid incurring unnecessary debt, they should be firm and critical thinkers who can carefully evaluate and make proper decisions.
as an entrepreneur the first thing you need to avoid is don't spend more than you earn. most businesses collapse because of this particular issue of spending more than they earn.There are businesses that have grown or are already growing gradually but the challenge some business owners do have is how to sustain such businesses. In your opinion what are those things to avoid in running and sustaining a business?.
It is very important that as a new business owner you should try as much as you can to come down expenses at the barest minimum and you should also try as much as you can not to purchase stolen goods for your new business because it will drive you back if you are caught.There are businesses that have grown or are already growing gradually but the challenge some business owners do have is how to sustain such businesses. In your opinion what are those things to avoid in running and sustaining a business?.
If your business is actually very new it is very important that you try as much as you can not to get into unnecessary expenses that is going to get your business into serious financial problem.There are businesses that have grown or are already growing gradually but the challenge some business owners do have is how to sustain such businesses. In your opinion what are those things to avoid in running and sustaining a business?.
Business owners should avoid being dishonest with their dealings. Things like this make customers to seek better alternatives. Things like this would make your business crumble.
To me money is very important and that is what everyone should try to make sure they have enough before engaging in a business, one of the killer of business nowadays is spending so much that you are even making from the business..If one is very disciplined in terms of financial transactions and business activities you will definitely succeed in your business. It is also very important that you don't get scared of competition.
of course when you have money are you able to utilise it in your business that's everything then see that you will break even faster in the business than someone without money but have enough ideas.To me money is very important and that is what everyone should try to make sure they have enough before engaging in a business, one of the killer of business nowadays is spending so much that you are even making from the business..
Some people always try to make me to understand that money is not really important in a business , that the most important thing is how you can manage your business .. although management of business is important but without money it is impossible to establish a business.of course when you have money are you able to utilise it in your business that's everything then see that you will break even faster in the business than someone without money but have enough ideas.
Money is very important in business but the fact that you have money enough it's not a guarantee that you succeed in business because outside money you need to have the technical knowledge about the business and the managerial skills.Some people always try to make me to understand that money is not really important in a business , that the most important thing is how you can manage your business .. although management of business is important but without money it is impossible to establish a business.
Yes that's right there are no businessman who don't make their business as priority , and of course they make a plan of expences and for profits .If your business is very important to you you should always make it a priority to try as much as you can to cut out all unnecessary expenses that is going to put your business into debt .
But most of them would give so many reasons why they need to take loans, infact loans has become very common now, what do you think can be done to change this mindset?Business owners especially those who wants to start up a new business should avoid the act of taking loans because it's just as dangerous, it has its risks which makes it not worth it. Again, is that business owners should avoid procrastination.