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A business being popular does not mean that the business is absolutely successful as one of the biggest indication of a successful business is the ability of the business to grow. If a business becomes popular for a very long time without actually growing then that business cannot be said to be successful.
There are a lot of small business in my country mostly found in local environment, like selling provisions and some clothing materialsAre small businesses common in your country? If so, how many do you think are in your city or area?
Here in the U.S., they are pretty common. There are quite a few small businesses in my local area.
Well what happened to most of this popular stores or businesses is not as a result of the fact that they were popular but because it's a pandemic and so a popular store can be affected but one thing that can distinguish a popular store from his most successful store is the one that has a big financial standing that is a very big company that has several branches would better survive in a crisis done merely a popular business that has just one branch.Yes, this is true. There are many businesses in my area that are quite popular; however, they suffered the most during the pandemic. Popularity does not mean success. There were many popular superstores in the U.S that went bankrupt during the pandemic.
Well what happened to most of this popular stores or businesses is not as a result of the fact that they were popular but because it's a pandemic and so a popular store can be affected but one thing that can distinguish a popular store from his most successful store is the one that has a big financial standing that is a very big company that has several branches would better survive in a crisis done merely a popular business that has just one branch.
Now this is a practical example of what I am talking about I didn't mean at the height of the bakeries success it was able to establish other branches in other places then that Bakery would have been more successful than it is right now.I think you are right. There is a bakery in my area which is somewhat popular. However, that bakery is not so much successful despite being popular. It is a small bakery in our area. I think even it was affected due to the pandemic problem and lockdown.
Yes I have seen a lot of cases like that before, whereby the business might actually be popular, everyone knows about it or might have heard about it one way or another. But in reality the business is not really that successful compared to others.I think you are right. There is a bakery in my area which is somewhat popular. However, that bakery is not so much successful despite being popular. It is a small bakery in our area. I think even it was affected due to the pandemic problem and lockdown.
Yes I have seen a lot of cases like that before, whereby the business might actually be popular, everyone knows about it or might have heard about it one way or another. But in reality the business is not really that successful compared to others.
Statistics show that over 70% of businesses are small business and start up businesses, which business are you into maybe it's something I could learn from and invest in tooSmall businesses are very common over here in my country too and I am one of the people who owns a small business. Even though the profit can be very little, it's still something and it sometimes adds up.
A country that really want to lift its citizens out of poverty would as a matter of urgency take the issue of encouraging small and mediun scale busineses very seriously,this is what to some extent determine how healthy the economy is.The majority of the businesses in my country and other small-scale farming on small-scale businesses. I also plan on opening a small business very soon after I have acquired necessary knowledge.
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