Are the first years of business really a loosing game?
By Graceekwenx
@Graceekwenx (3160)
Philippines
3 responses
@Professor2010 (20162)
• India
2 Feb 13
All business has 2 sides, loss and gain, good business man are aware of this, they don't worry much if there is loss nor do they jump if they earn much.
Yes kind of game one can say.
Blessings from Papa
1 person likes this
@laydee (12798)
• Philippines
2 Feb 13
It depends on the business and if the market is really good for that sort of business. There are those who get losses during the first year because they have bought so many assets to run the business. However, if the business is not really heavy on fixed assets (all may be current) then they shouldn't feel too much losses the first year. Unless of course there's a problem with the marketing or the market just doesn't exist.
This is the main reason why we recommend that any entrepreneur should check the viability or feasibility of the business first. Most entrepreneurs fail to assess business properly and have been motivated mainly by gut-feel. Thus, most would experience failures not just on the first year but also for the first 3 years or so.
So, check on your market, where are they? Then have you established yourself prior to opening and after? Remember that regardless the product, marketing will always boost sales. But of course, if there's no need for your type of business, that's a big problem.
Have a great mylot experience ahead!
1 person likes this
@Raine38 (12343)
• United States
2 Feb 13
It all depends on the industry and the nature of your business. If its inventory is moving fast and the services being fully sought after it might take a bit more time to recover organizations costs, not to mention the overhead. But usually my friends that have their own business usually don't earn anything on the first 2 years.