Being an entrepreneur is not for fun or passion. You want to make money and get rich over time. This is a key reason why so many people work very hard to float and manage their own business. Despite these laudable efforts, owning a business may probably not accrue you the desired wealth you want.
As a result, Jumia travel takes a sneak peek on reasons why this may be the case.
Managing a business is expensive
Entrepreneurs know that running or managing a business is very expensive. Your business will run at a loss especially in the nurturing stage due to these expenses.
This is why they are often advised or encouraged to start small.Hence, do not underestimate or undervalue the expenses you will incur.
Be prepared. Like earlier said, always start small.