There is always a sense of accomplishment or joy when you start a business of your own, most young entrepreneurs today tend to assume they would start Making huge profits on their first day of starting the business, hence when this does not happen they get discouraged. Though it is very possible to make money on your first day, but it is still okay when it does not meet your expectations. Do not give up and keep pushing.
Making money on your first day of business.
- Thread starter eldavis
- Start date
It is not impossible to make money on your very first day of operating a business but it should not be expected as the standard. By right, profits should not even be the major worry of a new business. Breaking even should be seen as a huge achievement.
In my experience as owner of a milk tea-selling business, I could say that on the first day, it was introduced only a few people bought my milk -tea but after three days, the first group of buyers realized that my milk tea is delicious, thus others followed to buy.
That is right, it is already assumed that on the first day of launching your business people will not be aggressive to buy. They just watch to observe and later buy as soon as see others feel satisfied. They will but for curiosity.
That is why you have to understand how to launch out. On your first day in the business, don't carry too much stock especially if the products are perishable and spoil easily.
it depends on what business you venture into, if you sell on the first day it could be luck or your products are affordable.
For a new business, it takes a bit of time to make profits. More important is having customers to buy your product or service. Making a sale on the first day of business is indeed an encouragement.
Business is not easy and immediate gratification is not always possible. Business need time and energy to build trust before it start yielding profits. Business need consistency and learning to make money through it. Business need patience and courage.
Been able to make money on your first day of business is something that is somehow related to the nature of the business that you're doing because if you are dealing on a commodity that is on frequent demand, you will most likely sell on daily basis.
We should learn to approach the start of a business with an open mind. The moment we have pre expectations of profits at the start of the business, the easier we would be discouraged from pursuing the business vision.
- Thread starter
- #15
Yes the products you are into also counts. Most times you might be lucky to sell a lot on your first day or even sell less, it does not mean the business would not succeed in the end.
It's never easy during the early days of any kind of business. You have to not to be in rush to expect success immediately.
When you can make your first sale, it is always exciting and encouraging. But you should not be discouraged if you didn't make any sale on the first day. You are still on track
Being able to make money in the first day of business is a very good achievement, but if it hasn't been achieved then your business is fine as long as you don't give up. All businesses need processes and nothing is instant, so we need to be patient in going through each process.
- Thread starter
- #20
That's true, the hardest part of every business is usually the early stage. This is where most business owners tend to give up or loose hope in the business. They assume things should just go very smooth and easy for them at once.
