A proverb

[Unik]

"When you start business for the first time, you will have enough money in you hands, but dont know what business is"

"When you start business again, you wont have any money left in your hands, but you know exactly what business is"


I had heard so many successful businessmen saying these words. In one way or other. It all means the same.

Is this true or a myth ??

Cant I become successful in my first attempt itself ??

[Shamou]

Originally Posted by Unik

Cant I become successful in my first attempt itself ??

If you have no personal experience in business... there are one of two things that you can do...

1) Take some course in business or read books on the subject... or...

2) Get yourself a good consultant that you can trust and knows what he's talking about...

Starting a business is like anything else... you look at what others have done... and you do the same... the wheel has already been invented... no need to reinvent it...

The very best of luck to you...
.

[1000feet]

It depends on what kind of business you want. It certainly is possible to start a business for a very small initial investment where the income grows faster than the costs, but it may end up being a small business. Others like to put a large company together in a short time and hope that hard work and a bit of luck will give them a chance at being rich. In other words, you can create a simple business that isn't too hard to succeed with but is only "good" or you can try to do something very complicated that could fail, but will be "great" if it works.