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In such a case should the business owner stop the business then start all over again from the beginning? Or is there a way the business plan can be amended without starting from scratch?Once the foundation is bad, once the plan was not well thought of no matter any amount of work you put it wouldn't yield. One must develop new plans before investing hardwork on the business
I would argue with you on this. Hardwork would only yield progress in a well planned business. There's no amount of hardwork that would bring a dead business into lifeHard work pays alot so it is needed for a business idea.. Hardworking is a key to been successful in everything one has to do in life.
Its a business strategy
That is it,it is always good to have a well articulated laid out plan that is implimentable,and not just theoritical approach to real life issues.plan must be pragmatic enought to work in all aspect of its operation.Well, in my opinion, even hardworking, but with a bad business idea, almost anyone would risk going towards failure / bankruptcy!
Before starting, everyone must first have clear ideas about what he / she want and can do.
Indeed, my friend. Therefore in this "program" which, in addition to having to be well articulated, there must also prevail the practical attitudes or interests, over theoretical ones.That is it,it is always good to have a well articulated laid out plan that is implimentable,and not just theoritical approach to real life issues.plan must be pragmatic enought to work in all aspect of its operation.
Well thought out,The reason i say this is that in most cases the plan on paper on how the strategy on how to run operation,and how to get customers through our strategy with the projected ncome,might not turn out to be that way in reality.Indeed, my friend. Therefore in this "program" which, in addition to having to be well articulated, there must also prevail the practical attitudes or interests, over theoretical ones.
I believe hardwork can help turn a difficult business into a profitable one. However, other factors like good capital and labour are also important as well.I think that there were many kind of business ideas that were considered bad by many people. However, they eventually turned out to be great ideas in the end. A business idea could be good or bad depending on who you ask it.
Indeed, my friend. In fact, before undertaking any activity, since it certainly involves an initial expense and often not even a small amount of money, I would certainly ask myself: first of all what is the goal I want to achieve? Later then I would ask myself other questions such as: how? when? possibly with whom? etc.That is it,it is always good to have a well articulated laid out plan that is implimentable,and not just theoritical approach to real life issues.plan must be pragmatic enought to work in all aspect of its operation.
Certainlly you cannot down play the importance of proper planning,And very important is to have a template on how one wants to acheive its vision,and that is achievable goals that can be reviewed with time based on progress made from its implimentation.Indeed, my friend. In fact, before undertaking any activity, since it certainly involves an initial expense and often not even a small amount of money, I would certainly ask myself: first of all what is the goal I want to achieve? Later then I would ask myself other questions such as: how? when? possibly with whom? etc.
Never act without knowing!
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