Business For You

Young entrepreneurs brim with energy and curiosity. They make all sorts of investments, as long as they are made to appeal to them. These investments, most times, yield little or no returns and it is as a result of their zero experience about them. They hardly make the necessary research and consultation before plunging in. And once they plunge in, they leave the fortune of the business into the hands of luck and the wheels of fate.

But this is not so with experienced entrepreneurs. Those who have been in the business for years, making mistakes and learning from them. Therefore, when you see a young entrepreneur in the food and truck business wallowing in loss and bankruptcy, you know it is the same narrative about not having enough experience. Yet, there is an answer. The first part of doing the truck business right is to learn from those who … Read more

When we ask business owners what risks they faced at the beginning of their business, they will tell you different things. What do you think, why companies don’t grow? As an example, the owner no longer wants to grow or is hampered by competition, a bad political situation, lack of employees or they do not have enough capitals.

True. But with a probability, the biggest business risk is operational blindness and the effort to solve unsolvable problems.

The most common types of business risks

Bad strategy with the wrong people

A lot of success stories start with an idea. The idea itself does not pose any risk, and there is a general belief that having a great idea is the most valuable thing in business. Without a quality person, the idea has no value. What is worth is a REALIZED idea. The right people in a team determine the … Read more