▶ Your Answer : It is a contentious issue that which factor is most vital to be successful, when it comes to start of new business among tress options, money, friends or products. In my opinion, I clearly choose the money for success in new business. There are some reasons and examples as follows.
First of all, a lot of money will give me much more chance to make a better product and service in the future business. To be more specific, with the enough amount of budget , as a owner of the company or store, I am able to try and error many times to make a perfect product and service for customers. If I have tight budget on development of launching product or service, the quality of it can not be guaranteed. Thus it affects the possibility of survival in the competitive industry. For example, one of my close friends, who newly has opened a bakery. For the high quality of bread, he picked one kind of bread and spent myriad money for perfectness. Thus, he gained popularity of the store and the bread at the region. He does not considered the a number products he focused on the only one bread.
Second, with a enough budget I can have much better infrastructures or tools for success. For instance, my father is a owner of the furniture house and he has a lot of buyers. However, most of them are his friends thus they always ask him for having a huge amount of discount. It is disadvantage for running the shop. With deep consideration to solve the problem, my father launched additional internet based a shop with the extra money from me. Finally, the profit of the online furniture shop outweighs the offline one. As far as I an concerned, without the money he would not made profit from the shop. In other words, he could sell his product to broad range of customer thanks to the budget.
In conclusion, I strongly believe that, the enough amount of budget,lots of money, will be vital factor for the success in the business. As aforementioned before, the money gives the opportunity to prepare flawless products and it gives better tools for selling the products.
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