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Some business crashes down mainly base on lack of options of one fails, lack of plans for the future, unnecessary spending of business funds. Not having database or business records for total expenditures. Not having passion for the business can still cause us losing out.Starting a business is one of thee most difficult thing to do these days as no business doesnt have a lot of competitors to compete with. Its very hard for a business that is so profile oriented to survive the first 3 years.
You are absolutely right, and it is something that comes to my mind when talking about certain businesses, the fear of risk in itself is already a failure. When making the decision to start a business, with a good project and as you describe "with dedication and commitment in the initial stage, the business will survive for years" you must lose the fear and start with all the necessary tools.The road to failure is not to take risk at all, though am yet to have a business that have lasted for your, but I believe with dedication and commitment at the early stage, the business will survive for years
All owing to hard work and grace of God, my current business has been existing for the past three years and I see myself continuing to do this business all day long.We all know its never easy to run a business initiative for many years. Some business collapse at the middle of the road and unable to continue the inflow of their respective business. If yours have lasted some time and passed the test of time. Can you help us and tell us how long it has lasted, and what kept it going up till this moment??
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