Most successful people in the world today are entrepreneurs and business men. To be a successful business man or entrepreneur, you must devote your time, resources, and effort to achieve your goals.
In every beginning, there are some ups and downs that will come in one way or the other, but if you're committed and you know what you're doing, you can be able to overcome them, but if you're reluctant and just doing the business without any experience or idea then you will fall.
So many businesses, organizations and establishments are closed and shut down due to either bankruptcy, or poor income because the owners are lacking behind in one way or the other. Before opening a business, you must have some experience and ideas on it, and also do some research about it, so your business won't collapse with time. Because if you don't have solid plans and foundation your business won't grow and it will collapse.
The primary purpose of owning a business is to make profit, so if you're not making profits with time your business will collapse.