Starting a new business is always a complex task constructed by many steps and difficulties. Respectively, identifying which factor can affect most might look like a confusing challenge. In my opinion, it is critically important to have a large number of funds. I will explore the reasons why I feel this way in the following essay.
First of all, not everyone graduated from business school and is a master of management. In almost all cases, it is impossible to create a prosperous business from scratch without advanced knowledge and a deep understanding of this field. Undoubtedly, professionals in their area will not be low-priced. My own experience demonstrates this reality. When I was in middle school, me and my classmates decided to sell cosmetics on Instagram. We spend all our money on products, however, we did not leave anything to hire someone who could tell us how to develop the profile and what prices to set. Eventually, very few people bought products and we were left in the red.
Secondly, it's impossible to start a business without absolutely some kind of money. Nevertheless, if the desire is too great, a person will take out a big credit which is not always a reasonable decision. After all, life is unpredictable, and falling under the influence of harsh circumstances may leave you in debt. For instance, everybody knows how coronavirus absolutely destroyed all kinds of small businesses. News that hundreds of people are losing their jobs every day and even forced to live only with government allowance help was terrifying.
From what has been analyzed above, I strongly believe that it is incredibly essential to have a lot of money before starting a business. This is because hiring the right employers will allow to progress occupation and avoid risky loans that remain in poverty.
Starting a new
business
is always a complex task constructed by
many
steps and difficulties.
Respectively
, identifying which factor can affect most might look like a confusing challenge. In my opinion, it is
critically
important
to have
a large number of
funds. I will explore the reasons why I feel this way in the following essay.
First of all
, not everyone graduated from
business
school and is a master of management. In almost all cases, it is impossible to create a prosperous
business
from scratch without advanced knowledge and a deep understanding of this field.
Undoubtedly
, professionals in their area will not be low-priced. My
own
experience demonstrates this reality. When I was in middle school, me and my classmates decided to sell cosmetics on Instagram. We spend all our money on products,
however
, we did not
leave
anything to hire someone who could
tell
us how to develop the profile and what prices to set.
Eventually
,
very
few
people
bought
products and
we were
left
in the red.
Secondly
, it's impossible to
start
a
business
without
absolutely
some
kind of money.
Nevertheless
, if the desire is too great, a person will take out a
big
credit which is not always a reasonable decision.
After all
, life is unpredictable, and falling under the influence of harsh circumstances may
leave
you in debt.
For instance
, everybody knows how coronavirus
absolutely
destroyed
all kinds of
small
businesses
. News that hundreds of
people
are losing their jobs every day and even forced to
live
only
with
government
allowance
help
was terrifying.
From what has
been analyzed
above, I
strongly
believe that it is
incredibly
essential to have
a lot of
money
before
starting a
business
. This is
because
hiring the right employers will
allow
to progress
occupation and avoid risky loans that remain in poverty.