What impact does business development have on finances?
- Thread starter Shavkat
- Start date
As a business develops and grows, so does it finances also grow. If you were producing 10 peanuts in a day, and you now grow to 20, your profits would surely increase and if you plough back a part, more rapid growth would grow.
I can't advise people who are just getting started in the business world to take loans and go into business just like that. it is only for experienced people who have been in the business world for a while.
It is very rare for you to see a business that made profits in it's first two months of operation. There are so many things the business has to build before it gets on a path of profitability.
I believe you are a practical business person from this your post. It took me 12 months to start benefitting anything financially from my business after startup. What of I started with a loan? I would have ran away in the first two months.
