So, if you had the opportunity to invest your money into something would it be to start up something regardless of the amount of risks that come with it, or would you rather open a business or make a simple investment into assets?
It's not that easy buddy.
I have been planning for a while to start some business and most of the time I failed. I had a mobile accessories shop in our village market. But, it failed due to COVID-19 and some other issues. I had to pack up everything and go back home. A couple of thousand dollars was wasted. Then I started to think of building a cow farm and I started it as well. But, just because I didn't know how to maintain everything and what to feed and when to feed, my cow's growth wasn't enough. It wasn't a loss project, but I am still struggling with this one.
Very recently, I started another business of Computer spare parts, Mobile accessories, Electrics, a Studio, and a printing shop. I don't know what will happen this time. But, let's hope I will be able to success this time.
Failure, though difficult, is part of the journey. Definitely had your share. Starting anew is brave. Entering business without knowledge is like sailing without a compass. Your cattle farm experience proved it. Knowledge and error-learning are crucial. New venture? Its multi-business strategy is ambitious. The computer spare parts, mobile accessories, electrics, studio, and printing shop industries require different talents and market knowledge. Planning is necessary for success. Market research, client insight, and research are essential. Stay focused; focus helps
Resilience is respectable, but not enough. Do your research, get guidance, and focus on what you can control. Keeping and expanding businesses is just as important as establishing them. Focus your strategy now that you have the spirit