May 30 2019

Fast Success Leads Fast Failure

In business field, if a company grows too fast, its chance of failure is also fast. It is because fast growing company cannot build enough solid foundation. When storm in the market falls upon this company, it will collapse.
If a company can last to exist for three years, its chance to be successful is higher. It is because time of three years can help the owner to gain enough knowledge how to survive his business in the market.
We always see in the busy street of a city that today there may appear a new company but after six months or so, it disappears and changes to another company.
Therefore, if you wish to have business of your own, you must accumulate your capital and then learn ample knowledge of the business you are going to do. But you must realize that in business you will face competition. If you are not diligent enough, you will be wiped out very quickly. You must, in the beginning, do everything by yourself to gain enough experience to survive your company.