Curious to know what people think about this. Lack of knowledge about starting a business is a huge problem i think(especially for assamese people). Usually people just observe a businesses wothout any deep knowledge, do wrong calculations that always ends up in profit and lose money in a span of 3,4yrs. Saw so many shops(restaurants, departmental stores, pharmacies, backery etc) starting and closing within 2,3yrs. People dont consider operating cost, opportunity cost, breakeven point, advertising cost etc. most people plan only the supply,ie where to buy from, how to buy from. Demand part is ignored and left to luck. Have made such mistakes myself in my early days.

Tell me what you think.