Cordially Yours

If you are an entrepreneur, you may have realized that you may face risks during the course of conduct of your business. But, you can reduce the impact of such risks if you are proactive and take appropriate steps to counter them. Especially, if you are doing a small business, you can not afford to ignore such risks because if you do so, the effect may be too huge to withstand. But, at the same time, it is wrong to fear these risks and not to continue doing your business. You should always remember the old adage "winners never quit and quitters never win". If you make an analysis to find out why many small businesses fail, you will find that there are a few main reasons. Let us have a look: - One of the main reasons for failure of a small business is that the business owner may not have made enough provision for operational expenses in the initial stages. As a business owner, you can not expect to generate revenues in the initial stage itself. It may take some time. ...

Nowadays, the concept of doing a business has changed. Previously, businesses were done only with a profit motive but now, customers decide the fate of a business. The main basis of business in the present-day context is that a business is established for meeting customer needs. So, you will be wondering how you can get success in your business. There are a few points you should remember when you start your business. - The main thing is that though you are ready to spend all your time and energy in your business, you can not aim to succeed in it if you do not like what you are doing. You should enjoy it, whatever be the field of activity you have chosen. - It is better to start it small. You need not invest all your money and have a big establishment. You should take only baby steps. A few experts advise that you should start your business when you are still in employment. So, you will have some financial backing to run your family. The anxiety of running your family and paying...