facebookI am planning to start a business but i am worried that i will not succeed. May i know how long it usually takes before the business become profitable? - Seedly

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Anonymous

24 Jul 2024

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I am planning to start a business but i am worried that i will not succeed. May i know how long it usually takes before the business become profitable?

What are the signs that i should just stop?

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Talk to some people in the industry. Calculate your business expenses (everything from set-up to transport to advertising) and give it a 10% buffer. Assuming that you have NO revenue at all for 18 months, do you have enough money to sustain the business AND to survive? That should be what you aim for. That's what I did when I started mine.

Go in and trust the process. thats how all good business come out.

As long as you have sufficient capital and energy level to sustain. Jia you! All the best. Some traditional business may take longer time to see profit?

Billy

25 Jul 2024

Development & Acquisitions Manager at Real Estate Private Equity

1) No one business is guaranteed success (even the big boys) hence people think twice and thrice bef...

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