What lessons did you learn the hard way when starting your business?

[freelancermaria]

This question was posed by a friend who is starting a laundry service. As a business owner, what lessons did you learn the hard way when you first started? Some people stated that they should not listen to those who mislead them into believing that it is acceptable to take risks when they have something to fall back on and they do not.

 

[neku]

Powerful officials/companies are ruthless in their financial fraud, slavery, cybercrime on small online business owners with government employees falsely claiming to own the credit card, bank account of a private citizen, who is criminally defamed to cover up the financial fraud.

 

[Starmix]

When I started my business, I learned the hardship of persuading my friends and their friends to drop by to the mall to taste my milk tea business. This time it got its name.

 

[eLdavis]

I learnt a lot of lessons though but I am going to go with one. One lesson Iearnt is to never spend from your profits until you have done and delivered the job to the client or customer.

 

[magnus2022]

I learnt that you need a strategic location to enjoy good patronage. I rented a shop that is in remote area and the patronage turn out to very low. Not every area is good for business.

 

[Augusta]

Hopefully I wouldn't have to learn the hard way. I have been doing my research hopefully I would be able to run the business without bad lessons

 

[Stardom22]

l learned that the starting of the businesses needs one to be so committed, dedicated, hardworking and consistency in whatever business they are under taking.

 

[King Belieal]

I learned that you need to have an established markets first before you delve into agro production. Producing first before looking for a market would always turn out catastrophic because they are mostly perishable in nature.

 

[Augusta]

l learned that the starting of the businesses needs one to be so committed, dedicated, hardworking and consistency in whatever business they are under taking.

Definitely, any business starter must know about having these qualities of you want to succeed. Determination and consistency are key.