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Topic: Building a prosperous business - page 7. (Read 1102 times)

full member
Activity: 462
Merit: 100
SOL.BIOKRIPT.COM
July 20, 2023, 08:38:30 AM
#27
Im not a business minded person, i dont have the talent of selling or anything else about business. But i am eager to learn cause i want to establish something that i can call my own. I don't want to stay to an average salary job, i want to be stable. This maight be helpful with the touch of luck and determination.
full member
Activity: 882
Merit: 211
July 20, 2023, 07:41:04 AM
#26
I have noticed this as well. They somehow found a way to earn just by sharing a few tips here and there. What is funny is some of these influencers doesn't even have any actual background in doing and handling any business. Really smart tho, their strategy works and as long as they keep their audience engaged and interested then it will keep working for them.
In fact, being able to attract the audience to pay attention to them even in some content is a success that is not easy to get, even though the content of the content is not fully controlled by the influencer.
But it's undeniable that the current digital era is quite promising in a number of ways, including creator content that can attract a lot of enthusiasts. I think this is inseparable from technological sophistication and can be accessed by almost all people today.
legendary
Activity: 3542
Merit: 1352
Cashback 15%
July 20, 2023, 07:11:51 AM
#25
Op need not post the content of the whole article he just has to extract a part of the article and then make a reference to the article


This reminds me of those finance youtubers and influencers, who actually get rich by selling you a course on how to get rich, they weren't rich before.

This is so popular in social media, especially on Tiktok and Youtube, there is a big demand for courses about how to get rich if we check these influencers they have many followers and they have many shares and likes, they are making money from teaching money how to get rich this is probably the best way to get rich, you do not only get rich and you've also become popular.

I have noticed this as well. They somehow found a way to earn just by sharing a few tips here and there. What is funny is some of these influencers doesn't even have any actual background in doing and handling any business. Really smart tho, their strategy works and as long as they keep their audience engaged and interested then it will keep working for them.
sr. member
Activity: 756
Merit: 454
July 19, 2023, 11:13:49 PM
#24
Having a business that would go a long way doesn't mean you just have to start it up without the financial ability to get the business going. Quite alright you have a business to start up and you're ready to go, but you don't expect it to always go positive at first. There are some challenges that would pop up and your financial strength would be needed to support it if not you're going down with the business. Ones you devote your time in the business always remember that those sacrifices are part of the responsibilities you need to face before you can succeed.
sr. member
Activity: 1820
Merit: 436
July 19, 2023, 10:56:12 PM
#23
Most beginners in starting a business would probably choose a business that is on a trend since they think that if they copy other businesses they might get the same success, I mean it might actually work but most of the time it wasn't go as planned, I see a lot of business owners who try to start a coffee shop because it's kinda trendy here on my country everywhere you go you could probably find a small coffee shop business, you could probably try to learn it but it if you're not good at it it's better to find other business that will work for you, I learn that you should create a business on your field or where your good at, like for example if your good at cooking at stuff the most obvious business is a restaurant something like that. If you are good at graphics or something like that you could start a printing shop because that is just what you are good at you could put your time into that and for sure it's going to be a great business because you're already good at it and you know what you doing. You have a point we need to plan everything not just the goal of creating money.

sr. member
Activity: 1316
Merit: 422
July 19, 2023, 10:27:40 PM
#22
It looks funny when someone can't walk teach others how to walk properly. I don't think Op is a successful businessman, what is written is a combination generated from ideas obtained from related sources. The post you made seems boring to anyone who reads it, there is no attachment to something as valuable as your experience starting a business from 0 to reaching a level of success. Theory alone is not enough to make the explanations that you have produced attractive in Op, it needs to be complemented by the practice that you have been running so far.
legendary
Activity: 3122
Merit: 1102
Leading Crypto Sports Betting & Casino Platform
July 19, 2023, 05:21:17 PM
#21
From what I have seen so far in the crypto world, or any other world for that matter, loving what you do is always the key point to this. I am not saying that it is not going to be a big deal, of course it is going to be a big deal, but it is going to be a bit different in the end.

I feel like there is some type of situation where it is going to be a bit different situation and we should be considering that as a big deal. Like if you really really really love your job, then you are going to probably make money, or at least even if you don't, you are going to be happier than anyone. I know a painter who paints for houses to hang it up, like regular paintings, but he does it on commission based, and he makes very little money and yet he is one of the happiest persons I know.

if you are already financially stable, you will be happy to pursue your passion. however, if you are stilly trying to make both ends meet, you will be practical on things. your passion will just be secondary in this case.
i admire those people who will still pursue their passion even if they barely have decent meal on their table. but that's just personal choices.
full member
Activity: 1092
Merit: 227
July 19, 2023, 01:48:10 PM
#20
Even before getting into it and start following the above points one should have basic component at their hands called as “funding”. Depending on the nature of business one needs to decide funding prior to planning an idea to make it reality. This is important because adjusting funds after getting into funds could be disaster or in other words it could bring unwanted struggles on our way. I have seen this example very closely with relatives. It’s another fact that they managed to pick up a speed after bank approvals went through and they had money to spare. Rest is obviously what you mentioned in the article is all about step by step workflow to successful business.
legendary
Activity: 3542
Merit: 1352
Cashback 15%
July 18, 2023, 04:43:09 AM
#19
I agree. A lot of people who wants to venture into having their own business thinks that as long as they are making profit then they are already doing well. What they fail to consider is that the profit at the beginning of the business will slowly go away if you only focus on that. Much like yourself, you have to learn how to grow with your business and be ready for various things. Of course building a business is about money but it should be keep in mind that there are various factors that goes with it.
legendary
Activity: 3654
Merit: 1165
www.Crypto.Games: Multiple coins, multiple games
July 17, 2023, 09:46:45 PM
#18
From what I have seen so far in the crypto world, or any other world for that matter, loving what you do is always the key point to this. I am not saying that it is not going to be a big deal, of course it is going to be a big deal, but it is going to be a bit different in the end.

I feel like there is some type of situation where it is going to be a bit different situation and we should be considering that as a big deal. Like if you really really really love your job, then you are going to probably make money, or at least even if you don't, you are going to be happier than anyone. I know a painter who paints for houses to hang it up, like regular paintings, but he does it on commission based, and he makes very little money and yet he is one of the happiest persons I know.
hero member
Activity: 1820
Merit: 775
July 17, 2023, 06:02:53 PM
#17
Why decorate your post if you do not own your own experience?
I did the just like that to make it attractive to the readers.

Quote
I see your effort, but apart from the fact that you simply paraphrased with the addition of the source, you could not tell anything about yourself. In fact, without experience, you are just an amateur talking about theory.

Learning is a continuous process. No one knows everything. If you think I'm an amateur, all well and good but all I know is I have been using these tips for my agro- business and it has been working well for me. Although is a small farm but I plan to grow big one day.

If you have animals, do like Tom and mine bitcoin, while being self-sufficient in electricity  Wink

https://www.youtube.com/watch?v=xkVOJAWP688
full member
Activity: 588
Merit: 119
Epsiloan Protocol
July 17, 2023, 05:52:21 PM
#16
Why decorate your post if you do not own your own experience?
I did the just like that to make it attractive to the readers.

Quote
I see your effort, but apart from the fact that you simply paraphrased with the addition of the source, you could not tell anything about yourself. In fact, without experience, you are just an amateur talking about theory.

Learning is a continuous process. No one knows everything. If you think I'm an amateur, all well and good but all I know is I have been using these tips for my agro- business and it has been working well for me. Although is a small farm but I plan to grow big one day.
hero member
Activity: 2744
Merit: 588
July 17, 2023, 11:24:31 AM
#15
What we have to consider in building a prosperous business idea is the future elasticity it has with every potential for the business to always remain relevance, but the good idea here is that people keep making new developments to ensure they solves daily human needs and tackle the arising problems also, it takes a lot of research and demands for inventing something new to solve every arising challenges in life but the way we've gone far in making a provisional offer in seing this problems solved depends on how longer they will remain of value to men and the economy, especially on instances were the economy sole depends on things we invented.

And you will immediately know if your idea will survive once it is selling in the market.
It can thrive if people will continue to buy such service or product. But if it won't survive in the market, you will easily see that as well.
There are no concrete guidelines that you can follow on this, but sometimes common sense is more than enough not to go bankrupt.
Also, as a business owner, you should be open to change, or new innovations, be relevant within your market to keep up with the competition.
This is why there's no defined path for every business, one should always be on the lookout for modifications, for the business to thrive.
hero member
Activity: 2114
Merit: 603
July 17, 2023, 07:29:16 AM
#14
Great share. After long time it was needed to boost my small scale business of Pencil Carving. It’s more or less artwork selling but yeah I am grabbing an opportunity to turn it into a business. It’s small and the size is very limited. Many of them like but some of them go and buy it. But your article does mention how ideas can be generated and turned into big businesses. A simple strategy that I follow is keeping up with my social accounts, interacting with the clients both old one and upcoming one. This forms the best two way communication leading to proper conversion of the sell. It happens to be time consuming but it is the way to make a solid base and keep up with the smart work. To all those who doing a business out there, do follow the OP ideas; it does help.
hero member
Activity: 1288
Merit: 504
July 17, 2023, 07:13:20 AM
#13
Building a business doesn't have static rules like Op listed.
I agree with you that there isn't ay static rules in building a business but, there are surely principles that governs the business environment, principles that could in a way be regarded as rules and one of those would be,
Treating your business as a separate entity, distinct from yourself otherwise you would find yourself using business money to solve private and family issues and in most cases, its not returned which eventually makes the business to suffer.

Even without static rules, some guidance still applies and those aren't far from what is listed in OP.
full member
Activity: 406
Merit: 188
July 17, 2023, 06:53:00 AM
#12
Good hints for new investors who want to start their own business, but of course these are theoretical ideas that need a lot of work to turn into useful practical experience.

When we start applying theoretical ideas, we will face many practical problems that appear during the project stages, so we have to face these difficulties and overcome them.

In general, I see that the biggest problem facing new investors is the great desire to obtain immediate results. This causes a loss of patience, burning stages, and perhaps rapid failure.

As you said, useful information in theory, but we cannot solve the problems that will arise when we start working with the information here. Work itself is a situation involving the unknown. Even if you do everything perfectly, sometimes you may not be able to generate income or the business may not achieve its purpose. There are many different factors here and we cannot find these factors in theoretical knowledge.

The investor aims to reach his goal as soon as possible or within the time he has planned. If he does not get what he wants in this time, he will face different problems.

We may always encounter difficulties, but we must be able to move forward in a planned and careful way. Sometimes, even if everything is perfect, the results may not satisfy us. Before we start work, we must prepare ourselves for such a negative outcome.
hero member
Activity: 812
Merit: 560
July 17, 2023, 06:26:07 AM
#11
What we have to consider in building a prosperous business idea is the future elasticity it has with every potential for the business to always remain relevance, but the good idea here is that people keep making new developments to ensure they solves daily human needs and tackle the arising problems also, it takes a lot of research and demands for inventing something new to solve every arising challenges in life but the way we've gone far in making a provisional offer in seing this problems solved depends on how longer they will remain of value to men and the economy, especially on instances were the economy sole depends on things we invented.
legendary
Activity: 1848
Merit: 1982
Fully Regulated Crypto Casino
July 17, 2023, 05:30:15 AM
#10
Good hints for new investors who want to start their own business, but of course these are theoretical ideas that need a lot of work to turn into useful practical experience.

When we start applying theoretical ideas, we will face many practical problems that appear during the project stages, so we have to face these difficulties and overcome them.

In general, I see that the biggest problem facing new investors is the great desire to obtain immediate results. This causes a loss of patience, burning stages, and perhaps rapid failure.
hero member
Activity: 3024
Merit: 680
★Bitvest.io★ Play Plinko or Invest!
July 17, 2023, 05:24:24 AM
#9
Majority of the businessmen are doing it for profit and even at the start of what they do, it's all about profit. But focusing on that at the beginning isn't what the successful businessmen does. Yes, they solve problems and at the same time they provide quality services and products to their customers.

Depending on what they have started, you can't remove the fact that a businessman establish a business mainly for profit.

Starting slow and from a small one depending on how you're able to scale up and from there, the demand will depend also on where you're doing your business and your target customers.
hero member
Activity: 1400
Merit: 674
July 17, 2023, 04:37:39 AM
#8
It is a big enough planning plan, you need to detect your finances and planning first before examining into another step, if someone who reads this is a beginner this will be very heavy because this is thought too broad, at least if you want Applying this someone already has sufficient experience and finances to compensate for some conditions outside of predictions, and this is not as easy as we read the theory, this will be useful for some people who already have a business or have a business that is run and that is a picture Good op.

I think for the presentation of this article you need to rearrange it because if you pay attention to point of point is messy or not arranged according to the stages.
What is in the article is only an outline, and we often encounter in the forum, without any actual process of the process that occurs in the field which is the reason why a business goes well.
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