A Real life Saga of an Entrepreneur

It is strongly believe that more profit lies in business. Job oriented peopole always repent themselves for not doing business. Truly, there are many drawbacks for one to start business.They are as follows :-

1) One needs huge capital investment for godown, office space, and needs to maintain huge stock.

2) Too many legal oblighation to comply like agreement, Partnership Deed, Registration with different Tax authorities and local bodies formalities.

3) You may get deceive in the hands of your employees. You would be gifted one day with a nice crafted resignation from him notwithstanding giving handsome salary, incentives, priviliges and sponsorship for the vocation.

4) You may have to strive for the global competition. One has to consider when you quote internationally. Your price should be competitive to the rest of the world not only for your home country.

5) Your contract also gets failed globally due to the changes in political sceneraio, for eg In the middle east countries the business gets stuck up for the entire month of Ramadhan every year. Such changes have to be managed with positive attitude.

6) Even there is a delayed payment you should be in a position to manage your business.
Like how to pay salary to your staff, vendors even if your receipts gets linger. You cannot reject to your big customer at the time of signing contract only for the factor of timely payment.One has to tolerate in this difficult situation.