What impact does business development have on finances?

[cherry123]

The truth is that business development has a huge impact on the enhancement of the company's financials. so there should always be the development of the business so that its impact positively on the business

 

[IB D]

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.

 

[Chibson]

Every business has a basic level. It is better to start at the basic level with what you have and grow from there than taking a loan and making life difficult for yourself and the business.

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.

 

[cherry123]

1 agree with you it isn't advisable for people who are just getting started in the business world to take loans with the high interest that it comes with from lenders

 

[Bisolami]

People start businesses and for 6 months, they don't make any profits. That's the building phase of the business. How would such a person payback if the business was started with a loan? Banks don't hear excuses when it comes to repayment o.

It is normal for people not to make prophet whenever they just start a business and some people make profit without spending their money

 

[IB D]

It is normal for people not to make prophet whenever they just start a business and some people make profit without spending their money

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.

 

[Niyi Briggs]

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.