BONSERNEWS.com – Business is an economic activity carried out to generate profits by selling products or services to consumers. Business develops along with the times and technology, and becomes increasingly complex with increasingly fierce competition.
People who do business can come from various backgrounds and different goals. Some start a business to seek financial freedom, develop creative ideas, or improve their standard of living.
Today’s business is becoming increasingly sophisticated with technology. Various digital platforms such as social media and e-commerce have made it easier to access and market products or services online.
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In addition, business is also increasingly paying attention to social and environmental aspects by applying sustainable business principles or sustainable business.
However, nowadays we are also faced with various challenges such as increasingly fierce competition, changes in consumer behavior, and fluctuating economic conditions.
Therefore, people who do business need to have the ability to adapt and innovate in order to remain competitive and succeed in an increasingly complex competition.
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Business can be the most effective idea for increasing finances, because of that many people are vying to start a business and compete with each other.
But starting a business is not easy, many people have used up to tens of millions of capital, but their business does not develop and they go bankrupt.
Many don’t realize that mistakes that seem trivial can actually be bad for business, especially novice business people.
The following are common mistakes that are often experienced when starting a business from scratch or beginners.
1. Not having a clear business plan
Before starting a business, it is important to have a clear and detailed business plan. The business plan should include business objectives, marketing strategy, market analysis and financial budget. Without a clear business plan, it may be difficult for a business to grow.