3 Types Of Local Business Owners

December 6, 2018 9:30 am Published by Leave your thoughts

Not all business owners are the same, there are 3 basic types of business owners that we will be sharing with you today.

1. Growing Business

They grow their business to be more systematic and have more branches in other states or countries. They earn much more than their competitors and some of them even become millionaires.

2. Stagnant Business Growth

These business owners are just at a surviving stage since the start of their business. Their profit has never increased in the past years. In this situation, a business owner should try learning new skills and marketing strategies to better their business growth.

3. Struggling Business

These businesses look like they are doing ok from the outside but are actually at a very critical stage. Their profits are just enough to pay staff salaries and business expenses. Sometimes they even are in a loss.

“Do not be embarrassed by your failures, learn from them and start again.” – Richard Branson

 

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This post was written by Nina