These days people tend to go for businesses that they consider as lucrative. For most they feel if others are making money from it then they can also do same. While this is true to some extent, it is more than that. To be successful in a business depends on how much effort you put in and your determination to succeed. Which means working hwrd matters.
Because a business is lucrative does not mean everyone we succeed
- Thread starter eldavis
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In my view main thing is your interest, if you are not interested in any thing and you start business then soon you may close it. Like I don't have interest in chicken business and if I'll start it then I won't be able to get success in it
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- #5
Well said, I have seen a lot of persons rush into a particular business simply cause they have done their research and they have seen a lot of people become successful. But running a business is way more than that.
A business being lucrative does not directly mean that someone should be successful there different require for a business to be lucrative and being successful to be successful in business you just need to have the skills and be dedicated to it
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- #7
Hmmm true, which means before starting any business, make sure you understand what the business is actually about and all that you need to know about the business before joining.
It's not just about jumping on the bandwagon of a popular business trend, it's about putting in the hard work and dedication to make your own mark in the industry. Success doesn't come easy, and it certainly doesn't come overnight.
Going into a business cause others are into it and making money from it is one way to get easily frustrated when it looks like you aren't doing something right , plus without that driving passion your business is gonna be stuck in one spot when difficulties arises.
You're right! Their business, which is akin to yours, is successful, but this does not guarantee that you will be as well. It happened to my aunt several years ago. She started a franchise business because she assumed it would be as successful as the others, but it failed since it was something the location didn't need.
It's important to thoroughly research and understand the market demand and needs of the specific location before starting a business. Learning from your aunt's experience can help us avoid making similar mistakes and increase our chances of success.
Its true not doubt because a business is lucrative does not mean that everyone will succeed that is why you will need to carryout research regards the business field which you want to venture into and at the same time you need better understanding of your business to aid you manage it well
Yes, each entrepreneur must have their own unique strategy and approach to growing their business, and what works for one may not work for another. One needs to continuously adapt and innovate in order to stay competitive and achieve long-term success.
In some countries the success depends on how well connected the person is. In the internet sector, the friends, relatives and associates of top government employees, politicians are faking business ownership for more than 14 years.
@timewo ๐๐ง ๐ฌ๐จ๐ฆ๐ ๐๐จ๐ฎ๐ง๐ญ๐ซ๐ข๐๐ฌ ๐ญ๐ก๐ ๐ฌ๐ฎ๐๐๐๐ฌ๐ฌ ๐๐๐ฉ๐๐ง๐๐ฌ ๐จ๐ง ๐ก๐จ๐ฐ ๐ฐ๐๐ฅ๐ฅ ๐๐จ๐ง๐ง๐๐๐ญ๐๐ ๐ญ๐ก๐ ๐ฉ๐๐ซ๐ฌ๐จ๐ง ๐ข๐ฌ. ๐๐ง ๐ญ๐ก๐ ๐ข๐ง๐ญ๐๐ซ๐ง๐๐ญ ๐ฌ๐๐๐ญ๐จ๐ซ, ๐ญ๐ก๐ ๐๐ซ๐ข๐๐ง๐๐ฌ, ๐ซ๐๐ฅ๐๐ญ๐ข๐ฏ๐๐ฌ ๐๐ง๐ ๐๐ฌ๐ฌ๐จ๐๐ข๐๐ญ๐๐ฌ ๐จ๐ ๐ญ๐จ๐ฉ ๐ ๐จ๐ฏ๐๐ซ๐ง๐ฆ๐๐ง๐ญ ๐๐ฆ๐ฉ๐ฅ๐จ๐ฒ๐๐๐ฌ, ๐ฉ๐จ๐ฅ๐ข๐ญ๐ข๐๐ข๐๐ง๐ฌ ๐๐ซ๐ ๐๐๐ค๐ข๐ง๐ ๐๐ฎ๐ฌ๐ข๐ง๐๐ฌ๐ฌ ๐จ๐ฐ๐ง๐๐ซ๐ฌ๐ก๐ข๐ฉ ๐๐จ๐ซ ๐ฆ๐จ๐ซ๐ ๐ญ๐ก๐๐ง ๐๐ ๐ฒ๐๐๐ซ๐ฌ.
We all know the reality of nepotism and cronyism in determining business success in some countries. business success in some countries. Businesses should be built on merit and hard work rather than connections.
We all know the reality of nepotism and cronyism in determining business success in some countries. business success in some countries. Businesses should be built on merit and hard work rather than connections.
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For me the best business ever, is that one that the entrepreneur starts for the aim at solving the problems of the people within the business location. With that being said it's easier for reaching the success for that business.
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- #19
Very true, there are lots of people out there with different problems, and they are willing to pay any amount as long as they get the solution to their problems.