introduction to business?
Question by BaKhuda~– –~Mai~– –~Bewafa~– –~Nahi: introduction to business?
Does business suit me?
Reema was a stage singer, but it wasn’t a financially viable career. She earned additional
money working at a copy shop in Karachi. The elderly couple who owned the shop gave
flexible hours to employees with aspiring music careers. Sadly, the husband died and the
wife decided to sell the business and go to Lahore. Reema grabbed the opportunity. The
former owner helped Reema gather financial information and pit together a business plan.
Reema’s uncle co-signed on a bank loan, and she was in business. She modernized the
decor of the shop. Reema contacted all the existing customers to assure equal or better
service. Sales increased the first two months. But then…The former owner left city
earlier than planned. Then Reema’s chief printer quit. With the schedules of per part-time
employees, Reema was frantically trying to get large orders out on time. With no formal
business training and no management experience, Reema couldn’t begin to deal with all
these problems, problems even a veteran would find difficult. She ended up selling the
business at a RS 500000 loss.
Think as a rational person:
1. What characteristics did Reema possess that led her to become a business person?
2. What circumstances out of Reema’s control led to the failure of this business?
Best answer:
Answer by sweet
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What do you think? Answer below!