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I have a similar experience with my mum's business,as i am the one doing all the procurement and scheduling for clients as well as the marketing of the product and service delivery to clients.The past 3 yrs has been a period of learning and exposure in the market and business world that money cannot get for me.Not my business actually, it is my mom's. One thing that has helped her keep the business going is her experience. She happens to be the industrous person who knows the in and out of the business even before she started it. So that helped her to maintain it and keep it from failing.
Getting a prospective business registered is very important as it would afford the business to have a formal look and when one wants to apply for a grants and a loan facility it would be easier to do that.But it is also a process of learning for those who have not yet been registered as they engage in the running of the business.One starting a business, is actually cool and very good because it is yours and no one is your boss. I currently don't have a business yet, but within the 1-2yrs, I will actually only business that I work on my own. My friend who is your business already registered his business CAC. That is actually a great achievement at his age.
True, starting a business is one thing while sustaining it is another thing. The reason why most business end up crashing is mainly because most persons go into these business without actually being prepared for so many factors such as competition, low sales, customer demands the likes.It's also important to note that about 75 percent of startups survive their first year, 69 percent survive the first two years and only half reach five years, according to Forbes. Building your business relies on survival.
my current business has lasted for five years now and by the grace of God we are still working hard to make sure the business keep growing.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.
The business management aspect is not really an easy one,Research has it that most small business entraprise go down in less than 5yrs.Any business that has lasted up to 2yrs or more is comendable.Mine have lasted for abiut 5years.But it has not been easy but we are still into the business.To manage a business it is not that easy, but someone need to try handle he/ her own business to last long, but my business have lasted for two years now am still managing it up till trying my best to keep it to last long.
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To manage a business it is not that easy, but someone need to try handle he/ her own business to last long, but my business have lasted for two years now am still managing it up till trying my best to keep it to last long.
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