IS IT TRUE EVERYBODY FAILS AT THEIR FIRST BUSINESS?
I want to use this medium to greet all great Hivers. How has been your day so far, hope you are all doing good? I'm positive minded that it's all well and fine.
With the way the World evolves right now, it's glaring that humans do not take much time to evolve around it. It's obvious that there's nothing new under this planet Earth. Most of us are just reaping the fruit of Innovation. There's almost nothing happening now that hasn't happened before. Even the latest business in town comes under the influence of Innovation.
Sometimes ago, I was surfing the internet and I came across a video where a gentleman on suit, was bluntly saying that everybody fails in their first business. That is why the first paragraph of this content dabbled into innovation. Innovation also occur in business or businesses. For example, we have lot of people who are into barbing business but do you some innovate their barbing business more than other people that are into the barbing business just because the former add sauce to their business.
Does everybody fails in their first business?
On this with my personal experiences can bluntly disagree. If memory serves me right, the first core business I venture into was rearing a fifty day old Birds for Christmas far way back in 2020. And I can bet that it's a huge success. In fact, the harvest rate 51/51, all the birds survived and I sold all. Don't get wrong and don't get my assertion twisted, some fail in their first business but not all fail in their first business. This means some people are lucky enough to experience huge success in their first business.
Thanks for stopping by to view my blog. Please do have a wonderful day ahead.@peterale cares🤭
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In the United States it's actually really bad business to be successful. In fact really successful entrepreneurs set up business and every 3 to 5 years just before that first business audit by the IRS you dissolve everything. In fact your business quote unquote crashes.... Lol
You sell everything to yourself at a huge loss that you're going to claim on your taxes as a business loss. Then your new corporate identity buys your previous business and all of its assets at an exorbit rate. So on paper then you claim a double loss.
This is all business in the USA.
Infact keeping the success going from the beginning? Can get costly. Going good is awesome but what happens when there is a bad time? Keeping the business going then is spendy...
Balance. Be smart with your business and may it always be successful.
Great post man!