Topic: Business/Entrepreneurship. (Read 1563 times)

As a person can be a businessman and a person can be a good entrepreneur I must put these two jobs on equal footing. But if job option was added to these two options then I would definitely choose either entrepreneur or business option, job I would never choose. A job means working under someone else and I don't like that at all. I always like to be on my own so if I have to do business or be an entrepreneur I am ready to be.

One more month and this thread has been there for 1 year already. I am saying this if you're a business owner and your business did failed as a startup, you gotta go to zero and the same goes for investing. But let's look at the side of being an investor, if someone bought or invested his money on Bitcoin on the start of this year, January 2024 then the price of Bitcoin at that time was $42,280 and compared to the price now which is back at $101,480 so that's 140% of gains.



So being an investor for Bitcoin is worth it in just this span of time every cycle of bull run.

Business is tough for people who do not understand management. Alot of small businesses fail because of similarities in all the ventures. Everyone come out hoping to need too many amount of money to build a shop that'll suit the test of customers. Instead of working on the quality of the product they offers. Another reason include quick expansion of a growing business. It has derailed the progress of too many start up companies, due to misconceptions. Entrepreneurs should focus on mastering their skill and building a better service to customers.

This is largely dependent on the quantity of follow-up time available to the individual, the environment to commence the business and the problem the business promises to solve. If you got a good site for business like starting up a barbeque business at hotels or bars with good population, it's quite lucrative but needs a lot of time and follow-ups to be profitable, even if you'll later employ a worker, you need to be there at the early days in order to have the knowledge of the business at such areas to prevent being cheated by your workers financially.

Those that does not have lots of time for follow-ups', but have good funds at their disposal for starting something up can move to invest in profitable digital assets like bitcoin, or/and physical assets like purchasing a land mass near a tertiary institution with good population and erecting hostels there. Such investment activities needs limited time from the investor, but promises to be really profitable on the long-run and this is the one I would likely go for.

They both have there risk but when you look at the benefit aspect it you will know that it is actually an option to consider, and no matter how successful you want your business to be you must have consider a lot of things and some people don't know the principles behind bussiness so they always have the mindset that it will be all roses, having a bussiness is good but the type of business matters, and that is why before anyone is started is better proper inquiry is made, and to some extent it is better to just do the one that suits you because there entrepreneurial that are making there own money, and to some extent I still prefer investment than any and it's personal at venturing into bussiness like bitcoin and the rest is what make it more preferable you either buy and hold or trade anyone can make a choice of what they want.

Entrepreneurs are also often multi taskers, who are able to analyse and solve a problem along with the associated administration around it. An engineer might be able to come up with a solution, but understanding the market, building a supply chain, chatting with manufacturers, analyzing all associated product costs, setting up support infrastructure, designing appealing advertising strategies and making sure all the record keeping is in place are just a few essential things that a real entrepreneur will usually end up having to figure out. They often work longer hours than average while in the launch stage of a company and some people maybe don't appreciate the sheer volume of extra work it can take to get off the ground at the beginning - along with a long time frame before results start showing.

After completion of graduation many sit for job but no one thinks that why I sit for job but I will do something so that I can give job to others. Employment is always a wrong decision but entrepreneurship is always a right decision. To work is to work for others for money, but if I try to do something myself, it is for myself, and all the improvement I make and the effort I put into it will be my own. So I always value business and entrepreneurship more than jobs.

Business does not only refer to buying and selling of products but it is a holistic process which sometimes refers to the strategy of producing products. If I have enough capital and if I have enough business plan then I will definitely give importance to the business even though there will be and always will be risks in the business. All business is not only related to profit but business will have both profit and loss together. If there was profit, everyone would have expressed interest in the business and the business would have become boring but because there are losses, people must check multiple times before expressing interest in this risky business.

The part about entrepreneurship is that 99% of the time it requires you to risk capital. So lets take an average worker in an average city, lets say that this random person makes 1000 dollars a month (not everyone lives in New York, 1000 is a good amount in many parts of the world), so that's 12000 a year, 24000 in two years. That person, will not make 24k in two years from their salary, because they quit and start their own business. They also spend 24k on capital, to build the business as well.

After 2 years, will they have 48k profit? I do not think so, most won't. That's what people do not start a business, because they know that they could bankrupt, and lose all their savings and lose their jobs meanwhile as well.

No need to take that kind of risk, doesn't really make sense to majority of the world. If I ever want to start a business, which I really don't want to at this moment, that would be something online, and I would do with friends, so I am not the only responsible one, I would fear making a mistake, so it's better to have friends so we can check each others moves and make sure we do not make mistakes. Plus, we can share tasks, and make it easier for us, sure it would be less income, but at least it would be easy, I can work at the same time at my job too.

Yes, there is a little bit of difference between business and entrepreneurship. In business you have any product with low price and sell it at higher price but on the other hand if you become an entrepreneur you can sell things by making anything in more valuable type for example, if you sell an orange in a business for one dollar to two dollars, but in entrepreneur you can sell it by making more valuable like juice and sell high price. Business you can do it offline and online, in offline If you do business then you will sit in the market and build your quality, which is very good. If you do it online, then you will have to reach your clients by targeted audience. Many people prefer entrepreneurship because it will give you more benefits.

Wise people definitely like to find solutions and are more reluctant to argue. In fact, there is no benefit in arguing. If you are involved in arguments or quarrels, temporarily, you will see that someone will be on top, but after this, you will see that someone has been harmed, that is why wise people want to stay away from them, they want to solve.

Entrepreneurs always like to solve. This is only applicable to wise people. Wise people are entrepreneurs. Anyone who wants to be an entrepreneur cannot do it. It takes intelligence. You have to understand the system and then move forward.

Entrepreneurs are the only people who can find new ways. Entrepreneurs always try to adopt new methods so that they can succeed by adopting new methods.

You're right but the both of them are definitely different in terms of applications cause entrepreneurship it's just like the individual body that controls the business, while the business itself it's an entity or firm on it's on that involves buying and selling but in most cases both the business and entrepreneur works in collaboration in terms of financial results and effectiveness of the business.

I totally agree with that.In one way or the other,enterpreneurs are the same as businessmen;they literally embark on the same journey as a business owner.Its just that everybody cannot run a business and that's why an entrepreneur is required because their services, knowledge and experiences are superior to that of a businessman.There're only little differences that exists between them.

you could argue that buying assets such as cryptocurrencies also require you to analyze the best “partners” and choose correctly except with buying cryptocurrencies you are not choosing among people to employ but you are choosing the right coin to buy or the right property and the best platform to buy it from

life is full of choices and we will always need to make the right ones

To start a business is more complex and time demanding than just investing in assets. Your time is limited, so the profit you can make through your business is also limited. But when you invest in assets, you can grow your patrimony exponentially along the years, spending a short period of your time on it every week, month or year to adapt your investments to the most interesting assets of the market on the present time.

When investing in assets, you have more autonomy and don't have to rely on other people around. The main issue we are facing when managing businesses nowadays is the difficult on finding good employees you can trust to work side by side with you. The business owner has good will, he wishes to work and thrive, but he can do too little alone, and when he starts employing other people, they don't correspond to the service quality which should be delivered to customers.

They all have risk but it is better to take the risk than not do any at all because that is the problem thay majority have they don't want take that risk because they are scared of losing their money and if you are not ready to risk that money then we are not ready to make money because anything that as to do with money is not secured and you just have to make up your mind and say that wether it works or not you will still give a trial. And people allow there self to be ruled by emotion.

People that have made enough money have made it through high risk so if they can do it anyone can actually do it , no matter what the risk might be, having the mindset of an investor is what is suppose to be the drive, that is why the rich keep getting richer, they don't want to look at the amount of risk thay thay bussiness will come with. And one of the surest way to make money is to invest because if you don't invest then even your future is at risk so it's better to choose the kind of risk you want to take.

Every person can't do the business and for the business you need skills which will made you financial independent and these skills will be different from the skills of job person because job is just a waste of time in my point of view because if you wasted your all time by doing things for your business owner,you will not get that time .  But we saw that in our society who cramming the books they choosed different professions and they are doing the jobs.Financial independency should be your goal if you want to stay free in your life . Because you will be able to get expensive things in your old age and you should work for your old age. Every person of world want to earn money but every person don't work for the freedom.

Not working for the future of our children or family is actually a big risk. Firstly, we can starve them and they can get sick or worse die later on.

We won't also have the money in order for them to go to school or higher levels of it, since some can offer free and cheap education for small children. I know, maybe you can say little risk because we are mostly staying on our homes. You still got a point there since if we are outside and if our jobs is in a construction and similar, the risk of them for us to get injured is high. It does depend on the age. As they say it is better to start early.

I believe on it, so that we can be able to do more. It must only be on the proper age of course. I know there is a law about child labouring, so we can't start at a very young age as well. And when applying for a job, most of them will hardly accept mature and old people.

If we are still single and not a breadwinner, maybe it is fine to calm down for a while and enjoy our youth, as there are also those who regret that they didn't take this for granted when they have the chance because it is kinda impossible for them to do it now on their current situation where they now have their own responsibilities in life.

The two are good, they help the economy no matter what, but the distinction is that entrepreneurship is better because it will bring a new idea into the system or even create a new system, which is brilliant. However, to choose from the two, many factors must be considered, which are not limited to the urgency of establishment, the resources and the person's creativity. It's not everyone that can just wake up and start something that has not been seen before, so business will always be the most goal of people, but exceptional people may venture into entrepreneurship.

Each of these two things certainly has its own risks, but that doesn't mean there is no way to avoid or minimize the risk. If we understand one of the fields we choose well, we will definitely try to avoid the risks that will occur, because basically no one wants to have problems with what they do. With a business that has grown and is running well, it must be maintained, even better is to develop it again such as opening a branch in another place, as long as it is managed well, I am sure there is an opportunity for that even though it is not easy, but to be better there must be a way.