This is what I'm talking about hiring someone that have knowledge about the business so that the person can be able to engage and manage business very well even when you are not around as the business owner or that you don't even have much knowledge on the business.
Business Failure and Bankruptcy
- Thread starter Starmix
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- #22
Yes, you are so right. At first, my sister was so hesitant for fear that she might not be able to mix the milk tea properly. But the trainer graded here perfectly. She is now a very good partner in my milk tea-selling business. She can dispose of 150 bucks weekly.
This is why training is very important in any kind of business even for those that are already experts in the field. They need to undergo training from time to time so that they will sharpen their skills in their business in order for them to be outstanding all the time.
Sometimes bankruptcy may be inevitable because there is no way you can ensure that your business is not bankrupt by not engaging in proper business management . That is why it is important to ensure that you manage your business properly.
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- #26
That's right ignorance is not an excuse, To undergo training means a lifetime advantage because it will not depart from you but could help us build a very strong business foundation. I am for training first before acting.
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- #28
A business could fail but not bankrupt. It might fail in some aspects unlike in bankruptcy hard for the business to stand where it falls. It might fail on serving people what they need or services poor, but these could be remedied.
