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How can I come up with a smart business without loses at all?

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There’s no way of telling that you just have to go for it and there will be loses but at the end it’ll all be worth it

Report Bryan's answer

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Melda,

By applying the rule that you can only spend what has been earned. Until then, do not spend, no matter what.

Another piece of advice would be to find people willing to promise a purchase agreement with you for when you have the product. This guarantees you of revenue in the future and makes your talks with investors a lot easier because there is a guranteed revenue.

Report Noodzakelijk's answer

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There are no guarantees

Report Unwanna's answer

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In order to avoid losses you have to understand the only 3ways of making profit.As a matter of fact we make profits through the following means: 1.Increase on sales(Using the effective marketing strategies). 2.If you are a manufacturer then increase on production units for economies of scale. 3.Finally,Reduce/cut on all unnecessary expenses. Many companies increase on expenditure immediately they start making profit. However,as good stewards we should manage profits and resources well to reduce on underutilizing or misusing resources.

Report James Prince's answer

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Frankly no business guarantees that however if you are not ready for real business where there can be a loss you can try for trading. Just make contacts with seller of Apparels, food, bakery anything. then promote them thru your insta, WhatsApp to your connections. Take orders first then pass on those orders to seller & earn margins. Profit will be less But no loss :)

Report Parul's answer

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There is no guarantee or anything business you can do without not experiencing a loss why? Because economics are unpredictable, and Mr market is quite moody because he does behaves, it's either up or down, high or low.

Report Andrew's answer

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Business' can be launched without making loses. However, there is an investment required in terms of resources, be that time, money, assets etc and the question will be what resources will you and/or others be committing to the business; plus what level of ROI constitutes a risk worth taking and how long can you sustain the business investments until you measure it as a loss or not? I would say a lifestyle business can be maintained with minimal investment and minimal risk of loss and perhaps that constitutes success for you. However, if others are looking to commit resources and mitigate the risk of losses you are personally exposed to; they will certainly expect an ROI and something that is both convincing and tangible prior to investment. Perhaps this isn't the right starting point! Focus on a niche in market and think about what you have to offer to fill that niche. Do you have the skills, ability, drive and passion to make it work? Or what do you need to do first? (further training / business planning / market research, securing an investor, etc)

Report Terry's answer

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good business planning can get you do that.

Report ayeni's answer

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