So you may be all ready with the next business venture but there are some things you need to be taking care of especially when it’s a new arena you are trying your hands on. Now, as I progressed into my own business I realized what type of shit mistakes I had been making all these years. Progress without a jolt is not possible, you have to fail somewhere to reach the top point of a ladder. Believe me, starting a business is no hard work either, you have to be confident about what you are doing and be aware of the markets you are dealing in. Everybody thinks of getting filthy rich someday but it requires a lot of efforts and willingness to discover the actual markets and the products or services you are dealing in. In business, everyone gets greedy and sometimes it pays to be greedy but you should not go overboard to be very greedy that might lend you in double trouble. When I started with my first business, there was a time that I wanted to acquire all the markets and in vain I nearly  [...]

Going by the reports of academic research, it can be concluded that most of the entrepreneurs do not write business plans even if they provide the inputs. Although, there is a startling fact that writing business plans help entrepreneurs in numerous ways, it involves designing the product concept, organizing a company, creating demand, procuring raw material, generate sales, external capital and market survival strategies. The business plans written by entrepreneurs might not be that successful as our academic research states, but it does have positive impact on the business. I am not being biased, nor do I have any grudges against those who write business plan. By far, I have started with couple of businesses but honestly never took pride in writing business plans. Most of the businesses fail due to failed business plans; they are the strongholds for starting any type of business activity. Below given are some of the arguments, I strongly feel and believe in, why you should not write  [...]