Topic: Building a prosperous business (Read 1040 times)

Everyone who has a trading spirit certainly has the desire to start a business because they don't want the money they make not to be used to make more money. But in building a business, of course it is not as easy as people say, we must have careful planning to run the business that we are going to build, if we do not prepare our plans properly then we will not get good results later and it will be a waste of time. We.

You are right that not always our workplace can accept us working for them, anything can happen in our world of work, of course we have to be prepared for all of that, therefore it is better for us to prepare well in advance by planning it build a business.

That's true because building a business is not as easy as it sounds and there are many challenges that we need to overcome so that the process of achieving success is determined by how prepared we are to develop a business. To be honest, I never agree when people say that you don't need to have a lot of money to build a business, because there is no way to build a business if it is not supported by sufficient capital. Business planning must also be seen at the level of potential and if it is forced beyond the wishes of the market or consumers, then the business being undertaken will be in vain and that is what is called planning or accuracy.

We also believe in lifelines and that's why not everyone is born to do business, so when we are not compatible with doing business then it is better to look for other ways to make money. Business is not the only way to make money and there are many other places that can bring someone to the stage of financial ability. So before deciding to do business, you should first identify your potential and whether we have the ability to run a business or not?

I remember one old parent's advice, if you want to look wealthy then build a business and we must look for business experience from people who have succeeded. That's advice that continues to be instilled especially in my family and now all of us have our own businesses and I have to admit that doing business is not easy and there will be moments of saturation that disrupt our consistency.

Starting your own business requires a good plan. Whether you have the money to start a business or not, you need to have a good plan before starting a business. When you have a good plan for building your business, you try to work according to that plan. If you don't have enough time to do business at that time, you will try to arrange money in phases. But if you don't have a plan you can't start your own business even if you have money so we need to have a proper plan first. Either before or after some time you will definitely have money, with proper planning it is possible to start your own business with money anytime. And building your own business is a right decision for a person because life does not always go in one way and at some stage of life people have to lose their jobs or other workplaces.  .

Well, we have no choice if we talk about inflation, price increases, technological advances, government policies and other things that continue to accompany the passage of time. We can only continue to follow it and try our best and well we have to keep a positive mind and keep going while analyzing every journey we go through and also analyzing what we will prepare for the future.

Building a business or becoming a freelancer or even being an employee or whatever field we are currently doing. At least we have to do it to the fullest and with an optimistic mind. Maybe if we think too much about inflation then we will only be filled with resentment and such. And that is not a good thing. So it will be better for us to enjoy every process.

Likewise in building a business. We must enjoy every process that we build. Everything may feel heavy when starting at the beginning. because surely a lot of things that we didn't know before are starting to come to us. But if you run it well and stay consistent, your business will grow over time. The important thing is we must be able to adapt to the times.

Isn't that the weirdest thing you've ever heard about, this inflation thing you're talking about? Prices are constantly rising and never falling, if you look at them. It appears as though they are engaging in some sort of game with us. And while we're all frantically racing in circles and attempting to stay up, we keep slipping behind

And in regards to what you said regarding the administration, it is true that they appear to be living in a fantasy world while claiming that everything is wonderful here while we are actually having financial difficulties. Though not in a "ha-ha" way, it's a tiny bit amusing

The bizarre part of it, though, is here. What happens if the inflation is not the only issue? Perhaps we are simply reflecting on the past and believing it to be better because things change. Who is to say, though? Just keep going forward, isn't that all we have to do? Maintain a positive attitude and a smile. We will survive despite the strangeness of the outside world

You are right. Customers are the ones who benefit the most from the intense competition that occurs within the business sector or in the business market. Because well, as you said, the company will try to create quality goods but at prices that can compete in the (cheap) market. As recently, there are many cheap cellphones with high specifications that beat their competitors who have expensive prices. So that it makes products that are originally expensive to decrease in price to offset market prices.

But competition is tough for companies that have just launched, especially with not large capital, so competition makes it difficult to develop. Because a company that has just been built must be faced with other companies that are more experienced and have more consumers. This is where the difficulty occurs because new producers must be able to create new things that have not existed before to attract consumers to them.

Intense competition, many of which even make small companies do not continue their business due to not winning in the competition. Well, the point is that competition makes things not easy for business people, but it becomes an advantage for consumers.

Competition is not always good. A stronger business than you will sometimes change its prices, beat you in the competition, and cause you a loss. Competition is usually good for the customer. Due to competition, it becomes much easier for customers to reach higher quality and cheaper products. The customer benefits from this. However, in addition to the positive aspects of being competitive, there are also negative aspects for businesses. Especially the unfair competition practices of large companies leave many businesses in a difficult situation.

In terms of businesses, competition is positive if the financial strength of both parties is the same.

Competition for customers is often in the interests of customers.

I think this is a challenging point. There is one example that I see why this is important, if you are a trader to start a business maybe everyone has done it even though big or small like you say, but, what is difficult here is how we survive the journey of building it from zero to big. as my friend said "to sell everything you can, to be consistent and able to run it is difficult"..

building a business is not as easy as we imagine, especially for businesses that are already growing, of course to build just one business you have to go through various obstacles to be successful, and of course smart people will develop their business in other fields, but not everyone can do it, apart from strategy the good thing is of course the luck factor is a way to achieve success, but are we able to think about having a good strategy, on the other hand building a business from scratch will have a better foundation

Building a business and can develop to children or grandchildren is everyone's dream, of course it is not an easy thing to make business can develop and profit, it takes patience, I've tried several times for business but until now I have not been successful and hope that the business that I manage can manage become giant later on.

I believe every business has contemplated this aspect from the very inception, even before they have established their ventures. Financial planning forms the fundamental bedrock for business growth, as all enterprises commence with the inflow of capital. Naturally, business practitioners will allocate their funds towards various business interests. Though not flawless, this process is an integral part of the developmental journey.

For small-scale startups, the owner assumes the role of manager as well, wielding complete control over all financial flows. On the other hand, larger enterprises engage more competent individuals as managers, responsible for orchestrating the financial flow, while the owner focuses on strategic aspects.

Competition is something that we cannot avoid in the business world. Because competition will always exist in any field. There are several benefits that occur when a business field has a high level of competition. That is, every company will try its best to improve quality and be better than its competitors. In fact, an innovation is often created as a result of encouragement from intense competition. In fact, competition is also good at holding back the pace or even stopping price manipulation that can harm consumers. But when a business in an area has no competitors. So a business company that is the only one in that area could play with prices and take more profits without worrying about consumers leaving. Because there really is no other place that can be used as a destination by consumers in the area. Competition does make business difficult. but did create some positives in it.

What you say is very appropriate for all business people in this world because they must always realize that every business has competition. So those who already have their own products through their business must be able to evaluate their products every month through sales and also the results of usage from their own consumers.

Likewise in the crypto space where competition between altcoins is always there and there are even altcoins that really want to compete with Bitcoin even though altcoins will never win in that regard, and the advice you gave I think is appropriate enough to see the level of loss or profit that can be obtained by every businessman.

The best way to start a business is to start small. When you start small you'll get you'll gather a lot of experience and that will prepare you for when the business is big. If a person has never handled a business, it's going to be very difficult to handle a big business as your first business. Learning theories is not all there is to succeed in a business, experience is very necessary.


What you have said is very good and can help, bits it's easier said than done. If you're in a line of business that is very popular and has so many competitors, it's going to be very hard to stand out. It's going to need a lot of work and maybe, funding.
Being the best requires a lot from you because you're not the only one trying to be the best in that business. People going into a business have to know this.

Business is always full of competition, without competition the consumers and retailer can not express their thoughts toword the products in the market, no business without competition just like Bitcoin and altcoins investors invest in bitcoin with bigger capital than altcoins, although the price of Bitcoin is higher than altcoins.
Without competition the market will not have good quality products, so as a POS business director always record finance data and expenses because it will help you to know if the business is profiting you or you are lossing.

To build a good business, it must be based on quite in-depth research and cannot be careless. we see the problem and try to make a renewable innovation that can be a solution to the problem. After we have the innovation and test it several times and it works. Only then can we boldly turn it into a business that will certainly be of immediate interest to people because the business services we offer are meant to be an antidote to the problems that exist in most potential customers. But to get an innovative business idea is not easy. It takes a long process of thought and research. But when successful, we can feel success in the business.

In business everyone is obliged to make a cash book so that they can evaluate at any time regarding the profits and costs of spending additional capital and it is an obligation that is needed by business people.

The second point will be very complicated when someone only depends on the business to make ends meet, children's school fees and other unforeseen costs, and I want to know how you try to maximize this problem? Is there a special path that you apply?

Financial data should be combined with recording in the books, so that an evaluation can be made every year regarding the deficiencies in the business we are in and I think this point can be combined with point number one.

For the last point I agree if people are able to record finances in a measurable way and don't do it manually it would be much better. But back to a person, do they master patterns outside the manual or not? because there are many business people whose over 50 years old and still use the manual way to record their finances and can also be considered successful because they have their own way.

Agree. The main mistake that business people have to make to survive is how to manage finances to remain stable. Because if your finances are not stable, the business you are running will not last long, initially increasing your capital by going into debt until you are unable to pay the debt, and in the end, the business goes bankrupt. Therefore it is important to manage finances in a business so that the business can be sustainable.
1) Always record finances.
2) Always separate personal expenses.
3) Always look at financial data.
4) Try not to record finances manually.

What happens the most when combining personal income with business income? Many people do business but do not develop because they think the result of their business is personal wealth. As a result, when the business is sluggish, you cannot get employee salaries. Other difficulties in this business are not far from the difficulties in handling even nonsensical customer complaints and finding consistent partner agents or distributors.

In such cases when the waiting period is long before achieving profits, the length of that period can help competitors who joined at a later time benefit from experience that cost years and budgets. Just as SpaceX benefits from NASA's experiences in sending manned flights into space, startup companies also benefit from their experience, especially from their failures. Currently, China is considered one of the fiercest competitors in this sector, especially after it developed its capabilities in building and launching missiles and satellites, in parallel with the in-depth and intensive studies for the discovery of the moon. What I wanted to say is that SpaceX could find itself lagging behind in time if the period of studies and experiments was prolonged for a longer time.