Topic: Business/Entrepreneurship. - page 2. (Read 1257 times)
If I have the money I would rather go into business and start something that will be profitable and it must be a business that you understand and know very because if you go into a business ventures that you don't know very well you may run into loose
Both business and entrepreneurship play an important role in the socio-economic development and economic prosperity of a country. Although business and entrepreneurship seem similar on the surface, there are some subtle differences between them which are outlined below through definitions.dependence
First, let's define trader, Business is all the activities of producing goods and services and creating utilities to meet the material and immaterial needs of people to make a profit.
Entrepreneurs perform the same activities as businesses, but they have another distinctive quality that differentiates entrepreneurs from businesses, which is to do something new.
For example, the soft drink business. That is a person who, to make a profit brings some types of soft drinks from the producer and sells them to the consumer.
An entrepreneur, on the other hand, is a person who collects discarded soft drink bottles for an environmental purpose and produces bottles again through recycling for profit.
The function and aim are the same, but the form of establishment is different because, if we are to look at it on another level, entrepreneurs duel from a fresh idea most times, and that is why the word social is always involved while business is mostly developed on an already existing idea. That is why there are social entrepreneurs whose aim is to solve a particular societal problem, and if it were in a situation where we have a lot of social enraptures, then we would not be having a problem with our economy because there are too many dependencies on the government and most of the policies are not in the favor of the people.First, let's define trader, Business is all the activities of producing goods and services and creating utilities to meet the material and immaterial needs of people to make a profit.
Entrepreneurs perform the same activities as businesses, but they have another distinctive quality that differentiates entrepreneurs from businesses, which is to do something new.
For example, the soft drink business. That is a person who, to make a profit brings some types of soft drinks from the producer and sells them to the consumer.
An entrepreneur, on the other hand, is a person who collects discarded soft drink bottles for an environmental purpose and produces bottles again through recycling for profit.
Starting with employment, they would have just channeled that energy into either starting a business or making themselves useful, and the hardship is just too much in this country. And even if you want to start up a business, you need to know if it will solve a problem or not. If it solves a problem, then you will make money because, if you do a study, most business owners are solving a problem.
Yes to start a business, a businessman has to be aware of many things, i.e. he has to keep in mind the utility he has to consider the environment he has to work the adequacy of goods and services the adequacy of raw materials good infrastructure past benefits many things including the ability to invest.
So, if you had the opportunity to invest your money into something would it be to start up something regardless of the amount of risks that come with it, or would you rather open a business or make a simple investment into assets?
For me I’d rather own a business of my own and bear any risk that comes,without pushing out blames on anyone knowing I run the business and the strategies I run it with comes from me. It will be more bearable for me because some how I have trust issues.
I practically don’t know if it’s just nice like that but that’s my opinion if any one would advice me too on this then it will be appreciated…
Right, if I get an opportunity to start a business then I will definitely invest in it. Because it is better than doing a job. Through a business, one can implement his talent properly which is not possible in a job. Starting a business is not an easy task, a lot of risks are involved. If anyone is ready to take those risks then he should start the business otherwise it's not work. Though there are some risks over than that it is very much effective to do business. and for a side income, I always prefer to invest in cryptocurrency
Starting a business or investing on the markets is not for everyone, without a doubt the benefits for those that succeed can be great, but this comes accompanied with severe risks, as the majority of the business that are created fail in less than a few years and the same is true for investors and traders, so for a lot of people the best option they have available is to simply work hard at their jobs and save whatever money they can during the time they are employed. 
A wise man once said "Entrepreneurs are problem solvers" usually looking for new ways and solutions to both existing and newly discovered problems. So, the word innovation and entrepreneurship work hand in hand and cannot be put separately
Although the words business and Entrepreneurship have been used interchangeably they aren't the same. While Entrepreneurship has to do with the indulgence and bringing up of something new despite the risk, while, business has to do with capital and profit straight up. Here, you buy other people's products and sell them at a higher price.
Both have risks, but that of Entrepreneurship spells out risk itself. Even though I can't shake off the fact that entrepreneurship is simply capitalizing on People's problems to make a profit, I can say that entrepreneurship has positively helped a lot of people.
So, if you had the opportunity to invest your money into something would it be to start up something regardless of the amount of risks that come with it, or would you rather open a business or make a simple investment into assets?
Although the words business and Entrepreneurship have been used interchangeably they aren't the same. While Entrepreneurship has to do with the indulgence and bringing up of something new despite the risk, while, business has to do with capital and profit straight up. Here, you buy other people's products and sell them at a higher price.
Both have risks, but that of Entrepreneurship spells out risk itself. Even though I can't shake off the fact that entrepreneurship is simply capitalizing on People's problems to make a profit, I can say that entrepreneurship has positively helped a lot of people.
So, if you had the opportunity to invest your money into something would it be to start up something regardless of the amount of risks that come with it, or would you rather open a business or make a simple investment into assets?
Starting your own business can be like falling into a shark tank, exciting but deadly. However, if you do your schoolwork on time, know your capabilities, and have an effective business plan, those predators can become swimming helpers.
Creative business owners can identify a problem and provide a solution that people are prepared to pay for. Sure, it's about making money, but it's also about starting something new and helping others along the way.
When it comes to investing, there is there is no one-size Some people require specific materials and a lot of patience.
So, if you had the opportunity to invest your money into something would it be to start up something regardless of the amount of risks that come with it, or would you rather open a business or make a simple investment into assets?
If you ask about business or investment first, it's definitely business first, but it all depends, so the meaning here depends on your financial aspects. For me, if we work as employees, if we have more income, we can immediately invest because investment is mandatory. So if we want to build a business and if the business can run well and there is still cash that is running well, it would be good if we had a little left over for investment without having to interfere with the financial aspects of your business. Because investing is easy if we have unused money, you could say the choice depends on the condition of our money. The point is to have capital you have to have a business or job, then have money and then invest.Right, if I get an opportunity to start a business then I will definitely invest in it. Because it is better than doing a job. Through a business, one can implement his talent properly which is not possible in a job. Starting a business is not an easy task, a lot of risks are involved. If anyone is ready to take those risks then he should start the business otherwise it's not work. Though there are some risks over than that it is very much effective to do business. and for a side income, I always prefer to invest in cryptocurrency, i always prefer the quote invest on crypto market what you afford to lose.
A wise man once said "Entrepreneurs are problem solvers" usually looking for new ways and solutions to both existing and newly discovered problems. So, the word innovation and entrepreneurship work hand in hand and cannot be put separately
Although the words business and Entrepreneurship have been used interchangeably they aren't the same. While Entrepreneurship has to do with the indulgence and bringing up of something new despite the risk, while, business has to do with capital and profit straight up. Here, you buy other people's products and sell them at a higher price.
Both have risks, but that of Entrepreneurship spells out risk itself. Even though I can't shake off the fact that entrepreneurship is simply capitalizing on People's problems to make a profit, I can say that entrepreneurship has positively helped a lot of people.
So, if you had the opportunity to invest your money into something would it be to start up something regardless of the amount of risks that come with it, or would you rather open a business or make a simple investment into assets?
Although the words business and Entrepreneurship have been used interchangeably they aren't the same. While Entrepreneurship has to do with the indulgence and bringing up of something new despite the risk, while, business has to do with capital and profit straight up. Here, you buy other people's products and sell them at a higher price.
Both have risks, but that of Entrepreneurship spells out risk itself. Even though I can't shake off the fact that entrepreneurship is simply capitalizing on People's problems to make a profit, I can say that entrepreneurship has positively helped a lot of people.
So, if you had the opportunity to invest your money into something would it be to start up something regardless of the amount of risks that come with it, or would you rather open a business or make a simple investment into assets?
That is a tricky question, because creating your own company is going to be a lot of work and time. Without the proper mindset, business idea and funding the company is not going to succeed and we will likely just lose our initial investment. Investing in someone else's company is a much safer option which will pay off in the long run as well. At the moment I don't have a business idea myself, even if I had a lot of money to open whatever business I want, I would be struggling to find an area where I could make a lot of money. A new company needs to be more competitive that the existing ones in that field to succeed long term. Just opening up a company because we like the business idea is not going to be enough. Having an advantage over the competition is important, we should be making something new, or better than the existing products.
Even the most meticulously planned projects can fail. Even "tangible" ideas can run into unforeseen obstacles, market shifts, or simply not resonate with the audience you envisioned. Instead of focusing solely on maximizing potential returns, consider balancing risk and reward based on your personal tolerance and goals. Are you comfortable with the possibility of losing a significant chunk of your investment? Or are you more inclined towards steadier, lower-growth options that offer more security?
Regardless of the path you choose, thorough research and knowledge are your best weapons. Whether you're investing in existing businesses, starting your own venture, or supporting someone else's project, understanding the market, competition, and potential pitfalls is crucial. Don't just rely on gut feeling or hype – dig deep and educate yourself. Building wealth and achieving success is a journey, not a sprint. There will be ups and downs, wins and losses. The key is to learn from your experiences, adapt to changing circumstances, and stay focused on your long-term goals.
Regardless of the path you choose, thorough research and knowledge are your best weapons. Whether you're investing in existing businesses, starting your own venture, or supporting someone else's project, understanding the market, competition, and potential pitfalls is crucial. Don't just rely on gut feeling or hype – dig deep and educate yourself. Building wealth and achieving success is a journey, not a sprint. There will be ups and downs, wins and losses. The key is to learn from your experiences, adapt to changing circumstances, and stay focused on your long-term goals.
A wise man once said "Entrepreneurs are problem solvers" usually looking for new ways and solutions to both existing and newly discovered problems. So, the word innovation and entrepreneurship work hand in hand and cannot be put separately
It is our own personal business strategies and efforts rendered upon everything that we do which makes it comes in being productive on us, when we take time in making the business enterprise move forward and get to the next phase, we are going to see the effects on how we run the business as well and there will be nothing more than to maintain running the business in a more professional manner, this is what will make us stand and remain outstanding amidst other counterparts doing the same thing we are into.
Of course, we cannot live in the world of investment if our finances are not stable because we need it for our daily needs. Of course, if someone already has a business and the business is running well and the profits are visible. Of course, if I want to open a business again, I will create a new foundation in the business so that my foundation is much stronger. If the foundation is strong, of course the money will have doubled, of course our money can be set aside for investment.
Yeah, one needs a stable income to be able to do some the investment stuffs, for one to think about diversification he or she must think of the incoming incomes before embarking on such journey, a good and sustainable investment needs to be tampered with, what do I mean, even though you finally open up a Business, you are not suppose to be using the profits at the onset to take care personally needs, you have to allow the business grow a bit before you can use money from their for other purposes, this is the problem with many people, they don't think about there decision twice before coming out with a concrete solution.
So, if you had the opportunity to invest your money into something would it be to start up something regardless of the amount of risks that come with it, or would you rather open a business or make a simple investment into assets?
If you ask about business or investment first, it's definitely business first, but it all depends, so the meaning here depends on your financial aspects. For me, if we work as employees, if we have more income, we can immediately invest because investment is mandatory. So if we want to build a business and if the business can run well and there is still cash that is running well, it would be good if we had a little left over for investment without having to interfere with the financial aspects of your business. Because investing is easy if we have unused money, you could say the choice depends on the condition of our money. The point is to have capital you have to have a business or job, then have money and then invest. 
Many new traders have this problem, they conduct themselves as if they are expert traders and they try to perform the same movements they would do, forgetting they are nowhere near their level of skill, so any attempt to do this will result in nothing but a cheap imitation and poor results, however instead of accepting the reality and change the way they behave, they prefer to keep with the charade going on and lose amounts of money that are impossible for them to recover.
This is also caused by two aspects that basically new traders have at this time, the first is because of the prestige caused by their own feelings because they may have said themselves as an expert to other people. And the second is by reason of seeking experience through trading so that they don't feel troubled when they experience a loss and can't get their money back. Even though inside their little hearts they are very tight and really want their money back, but because of these two things it seems as if they are calm enough to face this.These are all important stuff and should be very beneficial for them. There is nothing that can be gained by letting your emotions run your trading because that will almost always result with you losing money, it would be rare to get your emotions help you with profiting.
Many new traders have this problem, they conduct themselves as if they are expert traders and they try to perform the same movements they would do, forgetting they are nowhere near their level of skill, so any attempt to do this will result in nothing but a cheap imitation and poor results, however instead of accepting the reality and change the way they behave, they prefer to keep with the charade going on and lose amounts of money that are impossible for them to recover.
This is also caused by two aspects that basically new traders have at this time, the first is because of the prestige caused by their own feelings because they may have said themselves as an expert to other people. And the second is by reason of seeking experience through trading so that they don't feel troubled when they experience a loss and can't get their money back. Even though inside their little hearts they are very tight and really want their money back, but because of these two things it seems as if they are calm enough to face this. hero member
Activity: 462
Merit: 767
Instant cryptocurrency exchange with own reserves!
Failure, though difficult, is part of the journey. Definitely had your share. Starting anew is brave. Entering business without knowledge is like sailing without a compass. Your cattle farm experience proved it. Knowledge and error-learning are crucial. New venture? Its multi-business strategy is ambitious. The computer spare parts, mobile accessories, electrics, studio, and printing shop industries require different talents and market knowledge. Planning is necessary for success. Market research, client insight, and research are essential. Stay focused; focus helps
Resilience is respectable, but not enough. Do your research, get guidance, and focus on what you can control. Keeping and expanding businesses is just as important as establishing them. Focus your strategy now that you have the spirit
Resilience is respectable, but not enough. Do your research, get guidance, and focus on what you can control. Keeping and expanding businesses is just as important as establishing them. Focus your strategy now that you have the spirit
To be honest, I didn't do any marketing when I first opened my business. I didn't do it because I live in a village side and most people are just common faces here. They will eventually find that there is a shop. Most people do not research before they start their business and I made the same mistake. I just heard some opinions from some shop owners and I went ahead to start a business.
My luck was bad because as soon as I started my business, Covid was spreading everywhere and I had to shut down my shop as well. But, this time I am with more investment and more products. I had to plan to open a all in one super shop, but I need a huge fund for that. So, I started what I said in my previous post.
snip
So, if you had the opportunity to invest your money into something would it be to start up something regardless of the amount of risks that come with it, or would you rather open a business or make a simple investment into assets?
So, if you had the opportunity to invest your money into something would it be to start up something regardless of the amount of risks that come with it, or would you rather open a business or make a simple investment into assets?
Simplifying the two meanings of the sentences business and entrepreneurship. Business is an activity and entrepreneurship is a skill. Because both are at risk, I don't want to do work without taking into account the big and small risks.
It is better to do something that is based on knowledge or understanding of risks and opportunities such as the SWOT concept.
Running a business without the skills that can support success in seeking profit is not an alternative that is worth trying.
So the choice is better to take advantage of the opportunity on something that is safe or has less risk even though the time to get to the destination is a little slower.
Like investing in Bitcoin assets, preferring the long term rather than the short term, although in the short term process it is possible to get profits more quickly.
So, if you had the opportunity to invest your money into something would it be to start up something regardless of the amount of risks that come with it, or would you rather open a business or make a simple investment into assets?
I can't mention any invest with zero risk even the little business most people start with little capital can still fail if there's no proper care and attention, most people are not even scared with the risk and sometimes considering the risk involve is the best, just because you have the money you can't just go for some random investment that lacks profits. Everyone wants something profitable and at the same time everything that involves money has to do with risk. Starting something new is also good if only you know the requirements and after building a business establishing the business should be the next move, an entrepreneur must not be scared to create something new regardless the risk, I believe entrepreneurs are trained to withstand all form of risk regardless. But in my opinion I will first consider the risk involved first 
So, if you had the opportunity to invest your money into something would it be to start up something regardless of the amount of risks that come with it, or would you rather open a business or make a simple investment into assets?
It's not that easy buddy.
I have been planning for a while to start some business and most of the time I failed. I had a mobile accessories shop in our village market. But, it failed due to COVID-19 and some other issues. I had to pack up everything and go back home. A couple of thousand dollars was wasted. Then I started to think of building a cow farm and I started it as well. But, just because I didn't know how to maintain everything and what to feed and when to feed, my cow's growth wasn't enough. It wasn't a loss project, but I am still struggling with this one.
Very recently, I started another business of Computer spare parts, Mobile accessories, Electrics, a Studio, and a printing shop. I don't know what will happen this time. But, let's hope I will be able to success this time.
Resilience is respectable, but not enough. Do your research, get guidance, and focus on what you can control. Keeping and expanding businesses is just as important as establishing them. Focus your strategy now that you have the spirit
So, if you had the opportunity to invest your money into something would it be to start up something regardless of the amount of risks that come with it, or would you rather open a business or make a simple investment into assets?
This must happen based on consideration and making decisions on business development or investment must be based on one's own abilities.
Some people do not have the skills to develop a business and instead they are more ready to take risks in investment. When talking about opportunities, there are many risks that will come your way.
I prefer to develop investment potential rather than doing business because developing a business is not easy enough to do because there is a lot of competition that we need to face.
hero member
Activity: 462
Merit: 767
Instant cryptocurrency exchange with own reserves!
So, if you had the opportunity to invest your money into something would it be to start up something regardless of the amount of risks that come with it, or would you rather open a business or make a simple investment into assets?
It's not that easy buddy.
I have been planning for a while to start some business and most of the time I failed. I had a mobile accessories shop in our village market. But, it failed due to COVID-19 and some other issues. I had to pack up everything and go back home. A couple of thousand dollars was wasted. Then I started to think of building a cow farm and I started it as well. But, just because I didn't know how to maintain everything and what to feed and when to feed, my cow's growth wasn't enough. It wasn't a loss project, but I am still struggling with this one.
Very recently, I started another business of Computer spare parts, Mobile accessories, Electrics, a Studio, and a printing shop. I don't know what will happen this time. But, let's hope I will be able to success this time.
I would rather invest considering my financial capacity which would determine if I would eliminate some risks or I should head over the risks that comes out of it.
This is like setting up gambling budgets dependently according to my incomes and financial capacity so that I could either have my emotions under control regarding on the affordable amounts that is fit in to loose or not undermining the risks involved and just get on and indulge on it as a fact of being Irresponsible to my own own Indulgences.
All things involving money must always be adjusted to our individual abilities and that's not just in things like investment and gambling. But in other matters, such as broader business, it must also be adjusted to our personal abilities and scope so that emotional control can be more easily maintained and the pressure of risk will also be more borne by ourselves without blaming anyone. And you have also made steps that are quite suitable for that because you also made adjustments to your own abilities without feeling greedy in it.This is like setting up gambling budgets dependently according to my incomes and financial capacity so that I could either have my emotions under control regarding on the affordable amounts that is fit in to loose or not undermining the risks involved and just get on and indulge on it as a fact of being Irresponsible to my own own Indulgences.
Jump to: