Hello, Ram Ram, Namaste, Satriyakaal to all Hive users. Today, I'll tell you what the difference is between a small local business and a national-level business. The local level business is a business with a medium CP(cost price), because there is not much scope for the products to be sold at first, and the shop owner may also incur a loss, which is why the local shop owners at first don't buy a huge amount of stock from the wholesaler. The starting retailer cannot take risks if he is a new retailer because a new retailer participates accordingly in the business and he also not has much idea of the business, one shopkeeper in my area had came almost 1 year ago and that time he didn't stopped anyone by doing mischief in his shop because he didn't had idea that if the products are damaged that it can cost a lot, but, as the time passed, the uncle got awared of the damage of products and now they stop everyone for a single thing and mistake and that's a general act of awareness because he is investing his money in buying the products.
It has been one year, and now uncle is much more aware of the correct use and misuse of the products. And the special thing about local-level business is that the small shop owners make their reputation themselves in a short period of time, and this makes to build their confidence. So, from my perspective, the small local level businessmen work very hardwork because in starting they work alone because of less amount of funds, and in the future these small local level businessmen only become national level businessmen. Now, let's talk about the national-level business, the national level business needs patience and proper management of each stock because a single mistake can make a loss of lakhs if we talk about the national-level business.
So, at the national and international business levels, we should take care of everything in the business, and we should also hire people under us and observe their activities thoroughly, because in a big business, anyone can commit fraud, and that can also cause a loss of lakhs. So, we should manage our business properly, and every businessman struggles at the start because no one is perfect by birth; we take risks, we lose, progress, and think about our mistakes, and definitely we win! So, keep growing, keep learning! Have a nice day ahead.
So, for Today, this much only till further goodbye.
