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Ever since the phenomenon that is social media first came on to the scene, the world has completely changed in terms of a lot of new and different things. Indeed, the introduction and use of social media made everything much more reachable, accessible, and user-friendly making the entire process very smooth. Indeed, social media and its different platforms like Instagram have contributed majorly to the world becoming a “global village” and to the concept of globalization in general. Without a doubt, Instagram has become the talk of the town. It is now being used not only for the purpose of social interaction but also to promote as well as conduct business online with ease and with accuracy. The introduction of some of its new features like questions and polls also greatly benefited the way businesses are now being conducted. People use questions and find new Instagram poll ideas to interact with their existing and new followers.

With the increased levels of skills and innovation, setting up a business is now not just confined to those that require capital and high levels of self-commitment. Social media has become a platform for the youth to present their ideas and devote their energy to something that they find their interest in. When we hear the term ‘business,’ the first thing that crosses our mind is the fact that what if the business idea fails? Follows that the question of how to calculate the losses that would incur as a result of the failure? Establishing your business via social media saves you from the worries of the risk of losses and makes business much easier for you.