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Reasons why people fail in business
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[QUOTE="funmi, post: 216632, member: 38880"] There are so many people in business today that has nothing to do with owning a business, some have not even read a single literature on how to manage a business. Some has not even undergone a formal apprenticeship under anyone who owns a business that they intend to run. These and many more reasons are why people fail woefully in business. It is not enough to get some capital from friends or a loan house and go straight to the market and purchase items and start reselling. Own a business requires planning, one is suppose to sit down and look at how to organize the business, a good entrepreneur should look into how he or she is going to add value to the product or services that one intends to start. He or she looks out ways that the target customers will gain the maximum utility on the product that they intend to sell. They also go out of the way to always get the feedback on how well their product and service are. They still.do a kind of follow up and try as much as possible to build a good communication channel where the customers can interact with them. [/QUOTE]
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