Your friend is working in a grocery store for the last seven years. Now he wants to start a grocery store of his own by investing his savings and taking loans from the bank. State any five benefits that he will enjoy by starting such a business
Answers
He will be experienced, can gain more profit....
Answer: The five benefits that he will enjoy are :
Explanation:
People say that experience is the key to success. So here in this case he was working in a grocery store for 7 years, he knows the pros and cons, the threats and the weakness of the grocery store so when he owns or starts a new grocery story he would easily use the experience which he gained from working 7 years into his business and making it a success.
Five points are :
• He knows the pros and cons.
• He knows the SWOT analysis that is strength, weakness, opportunity and threats.
• He basically knows the taste and preference of a customer.
• He has seen how his owner used to to run the business.
•He had most personal contact with the previous customers in that previous job, helping him gaining new customers here.