Avoid trial and error method in any business!

[Bookwormlux]

There are many businesses available these days that people are getting themselves engaged in to make some money for themselves.
These business usually involve certain tricks that are key to success and only people who spend quality time to learn these secrets succeed in the business, unlike those who go into the business without proper education about what it really entails.
These individuals who go into business without adequate information resort to trial and error method to go about the business and this does not work always, as they lose more than they gain from the business.

It is advisable to take time and learn the rudiments of any business before starting it as ignorance would only cause you to lose more of your invested capital.

What do you think?

 

[funmi]

Of course that is true. Using trial and error method will only endanger your business and put it at high risk. More so, this method will lead to losing your money and it will take time for your business to pick up. We must therefore avoid trial and error method for our own good. It is better for us not to venture into a business we don't know about.

 

[Bookwormlux]

Of course that is true. Using trial and error method will only endanger your business and put it at high risk. More so, this method will lead to losing your money and it will take time for your business to pick up. We must therefore avoid trial and error method for our own good. It is better for us not to venture into a business we don't know about.

Not really that an individual should not go into a business they know nothing about, but it would be better if they also make deliberate attempts towards learning about those businesses they want to venture into. It could be through attending seminars, watching YouTube videos or any other way of learning.

 

[Abigael]

That is very true. Going into business without the actual skills and knowledge needed will only lead to its failure. So you really need to take your time and learn everything you need for the business. That is why business planning is always emphasized. Also, having certain skills like financial management, marketting and book keeping is mandatory in business.

 

[Mika]

There is no way you can avoid trial and error. Do you think a lot of successful businesses reached this position without making any errors? When someone is starting a new business he does not have enough experience, so he will be prone to make mistakes. You should not be afraid of learning from your mistakes.

 

[Bookwormlux]

There is no way you can avoid trial and error. Do you think a lot of successful businesses reached this position without making any errors? When someone is starting a new business he does not have enough experience, so he will be prone to make mistakes. You should not be afraid of learning from your mistakes.

It is not that I am saying we should not make mistakes, no. Mistakes help prepare us to achieve success. All I am saying is, try and get basic understanding before venturing into any business. I have lost so much of my money in Crypto Currencies because I was using trial and error to trade and I would continue losing provided I don't take time to learn the concepts If I want to rely on trial and error.

 

[Alexandoy]

The business plan is the means to avoid the trial and error in doing business. Why do the trial when others have done that already? You can consult business owners regardless if they succeeded or now. You can learn from their experience. You can also do your research in the internet. There is no need for trial and error.

 

[Wisdom01]

This relates to mostly crypto currency business , because many don't want to learn they just want to start making profit and others without studying the market well , I have once done such business without understanding it , before finally knowing how to do it and make profit , so you need to study well

 

[Bookwormlux]

This relates to mostly crypto currency business , because many don't want to learn they just want to start making profit and others without studying the market well , I have once done such business without understanding it , before finally knowing how to do it and make profit , so you need to study well

There is always no need to rush as there would always be a new wave for new investors to go into the market and make as much money as they can. The truth is, so many people just go blindly without personal research because they have seen their friends making money from the business.
The end result is not good as they lose a lot of money in the process.

 

[sincerem]

Any business where by the owner is solely believing on luck doesn't move go far. If you want to go far and achieve success on business then the business option chosen should be well understood and practiced with better ideas, dynamic plans and model to carry the business far no matter uncertainty.

 

[Bookwormlux]

Any business where by the owner is solely believing on luck doesn't move go far. If you want to go far and achieve success on business then the business option chosen should be well understood and practiced with better ideas, dynamic plans and model to carry the business far no matter uncertainty.

It is only those who really understand the concept of profits making in the business system of our world today that think this way and not by relying on luck. They always believe that doing the needful is the best way to gain better returns on investment.
Those who do not understand the principles would always continue losing their money.

 

[sincerem]

It is only those who really understand the concept of profits making in the business system of our world today that think this way and not by relying on luck. They always believe that doing the needful is the best way to gain better returns on investment.
Those who do not understand the principles would always continue losing their money.

We know principles, concepts, models etc, is what an entrepreneur should always look out to. Such kind of factors will enable him or her to understand the kind of business option he choose and how to apply the caution which is the principles involve in the business . Have better plans as model and concept to drive the business towards success.

 

[Chibson]

This mostly happens when people venture into business is newly and the try many methods in order to make it successful but it may not eventually be. This is the reason why it is very important for people to have the right knowledge and understanding of how simple business ethics works because when you use trial-and-error method in your business you are in danger of losing your efforts and money.

 

[Sherman198]

Apparently, all new businesses started as trial and error. You can't be sure if your business is going to be successful, the very first time you are setting it up. So, you will always be in the position of trying and error. And most errors makes us know better. When you commit error, you can always correct yourself.

 

[AmaliaTG]

There are many businesses available these days that people are getting themselves engaged in to make some money for themselves.
These business usually involve certain tricks that are key to success and only people who spend quality time to learn these secrets succeed in the business, unlike those who go into the business without proper education about what it really entails.
These individuals who go into business without adequate information resort to trial and error method to go about the business and this does not work always, as they lose more than they gain from the business.

It is advisable to take time and learn the rudiments of any business before starting it as ignorance would only cause you to lose more of your invested capital.

What do you think?

Yes this is true, it is always best for an individual to put up a business that they know they are good at and passionate about, try and error only results to financial loses and dissapointments. New business or starting of a business is supposed to be done when you are ready to do it and when you know that it will bring value to the potential customers, benefit them and benefit you too.