Topic: Business/Entrepreneurship. - page 2. (Read 1563 times)

You know what, tho? I feel like this is not really the case anymore. Many millennials and gen z’s are on their 30s or almost but still do not have their own families. They’re not married nor have kids. When you are not working for the future of your children, you can indulge in a little risk every now and then. I don’t think it’s about the age but the security of your financial situation and who are you working for. If you are just alone in life in the sense that you are not the breadwinner of your family, you are not married nor a parent, you can take some risks and if it ends up being successful then congratulations.

It can really depend on the stage of life you're in. Our lives can be defined by the amount of time we have left. When you are in your twenties, you can afford to earn money and then make mistakes with it, because you can make it back as long as you don't go too wild. When you're in your 30's you might have a bigger savings pot but want to regulate the riskiest activities so you don't lose it. In your 40's and 50's it can be much harder to recover from mistakes. This relates to the compounding effect of invested money, which can take many decades to grow into a large sum.

Both business and entrepreneurship actually have a level of risk, although the levels themselves are very different, but people who are able to survive with high risks in the entrepreneurial sector are very brave people even though they may not have the mindset of an investor. But what you like is actually more appropriate because when a business that has developed in a place with a fairly stable income level, the business will not die easily and can even continue to run for several generations in your life.

Entrepreneur has great impact on the economy of  their country because  they produce jobs and always do research on the market. They always research the problem of people and after they solve that problem. Many products were very cheap before COVID but now they are very expensive but I think that is burden on poor people because poor and middle class people but that and these products are not in the range of poor people but they have to buy for some basic needs .But I think entrepreneurship is good and poor people should learn the  tactic of rich people and they should develop their business because it will make their future bright.

I think you have spoken so well about entrepreneur and business but the perspective in which I see it it's quite different from your point of view which I'll clearly state out mine as well to contribute to your opinion, and to clearly state that the both can be put separately let me explain it in this context.An entrepreneur is an individual that owns a business, it could be small scale or large scale depending on the type of business tho, then talking about business is just like an entity that involves the sale of goods and services, it's majorly categorizes products and the services rendered and it's an entrepreneur that involves  in business whereas we all know the are strategic problem solver's that look for possible ways to make profits for the business they run.

The proverb says: There is a lot of flour that we can process.
Meaning: having a certain amount of money will make it easier for us to do things that can improve the economy or entrepreneurship, business running, investment is also ongoing, of course I will pay attention to the risks that will occur to my assets, whether in business methods or investments, especially in the crypto world.

Entrepreneurship is indeed one of the jobs that can bring us prosperity, especially in the economic field. If I were to do both business and investment, this factor could take me into a promising realm provided that I consider the risks.

I would prefer to invest in a business instead of an entrepreneurship because businesses have lower risks and more stable returns. Investing in a business is less risky because it is easier to understand its financials and the market it operates in. The unpredictability of entrepreneurship makes it less appealing to me as an investor but I respect those who take the risks, as their investments can lead to innovations that may change society and the way it operates.

"An entrepreneur can become a businessman, but a businessman cannot necessarily become an entrepreneur."

Entrepreneurship, at its core, involves the ability to innovate. It requires daring to take risks and possessing a sense of adventure, allowing one to launch a business with nothing but an idea or uncover opportunities within untapped markets, thus generating fresh value. In the meantime, a businessman is a person who may be more concentrated on the organization and running of the already set-up company. Their priority could be to take over or acquire a business that has been operational with clearly set structures and policies. Entrepreneurs usually tend to concentrate on lower risks, higher returns, process efficiency maximization, and the stability continuation of business operations.

While it is true that a person can transition from being an entrepreneur to becoming a businessman by managing an established business, not all businessmen possess the necessary entrepreneurial traits or skills to initiate a new venture or deal with uncertainties. This is the reason why an entrepreneur can turn into a businessman, but not vice versa.

Entrepreneurship is more of using or utilizing resources and coming up with innovation unlike with businesses which are often with existing ideas and improvements. But these are just definitions of the words. A better question is which would work more on your shoe? Well, that depends on your skills and resources as an individual. Nothing's better than the other it is always what would work better if you are to start something.
Another angle I guess is longevity of the 'output'. Businesses are meant to exist on a lifetime while entrepreneurship is understood to be temporary and most of the time, short term due to advancements an entrepreneur will be doing to seek for the best as one's goal. Entrepreneurship is something that would start based on environment and present situations whil with businesses, there are times improving what exists would be enough to have your own pathway.

Yes, that's right, having a business or being a boss of course has to be utilized, such as thinking about ways to make the business grow more or even opening other businesses that can be done, because of course business will not always be smooth, there will definitely be problems that occur and they must be overcome. well. Being a boss is certainly not easy, because we have to be able to manage finances well. because of course we will have employees who help run our business and with that we must be able to pay them with wages in exchange for their labor.

It's true what you said, working using your mind more is more difficult than your energy, because there are times when we can get stressed if we think too much about work all the time, and if we force it, it won't be good, it's likely that only chaos will happen or work with less results. Good. I have a friend who works as a web developer, I see the way he works using a laptop is very complicated, I don't know what's on his laptop monitor but it really makes me dizzy to see it and when I see that I prefer to work using energy, not thought.

Who would have thought that business owners have no responsibility to anyone. Even though you have full control over the business or company that you manage or lead, you still have responsibilities both to yourself and to the company and the employees you employ. unless you only have a small business that doesn't involve many people. When you are a boss who owns a business or company that is quite large and involves many people or workers, then you will be the last person to receive a salary or profit from the business you own. because before the money goes into your personal pocket, you must first meet and pay wages to the employees you employ.

Everything is not as easy as we imagine, but no matter how and no matter how difficult it is, we must keep moving forward and try to create a business and take advantage of every opportunity that comes. because in fact living under someone's index finger is more tiring and painful. Therefore, become an entrepreneur or businessman, because no matter how small the business you manage, you are still the boss.

As the owner of a business, you’re answerable to no one. That is, no one in your business or organization. I think if a business wants to grow, even the owner would be answerable to the whims and desires of paying customers. As the owner of a business, you’ll have to work harder than any of your staff to make your business a success. Obviously, you’ll employ a staff to help get things done faster but you’ll still have to oversee things generally so they won’t run into problems that should have been ordinarily avoidable.

It isn’t all easy and rosy as the CEO of an organization(the pay actually is rosy) as they’ve got to create new policies that would continually improve and grow the business.

So that's right, being a business owner or being the boss in the business we work in doesn't mean we will be more relaxed, I mean maybe we won't work relying on our energy, but we will definitely be required to work hard relying on our minds. We must have a plan to continue to develop the business we run and continue to think about maintaining our business.
Good management is something that we must master, and this is not only managing ourselves, but we also have to manage the employees we employ. That is one thing that is not easy, especially as it concerns many people.
In my opinion, working by relying on the mind will be more difficult than relying on energy. Maybe we don't need to sweat, but we are required to think hard to maintain our business.

That's true, indeed both are good, especially if we can do both, myself, if we have more than enough finances and have good knowledge then I will choose a business that leads to investment, as you explained about investment which can be profitable too. and with my finances good or stable, I will not waste it, I will do everything that can be profitable, whether it is business, investment, or entrepreneurship. as long as I can handle it well then I will pursue it.

When the business we run can be said to be successful then of course we need more energy, such as recruiting other people to help run our business, and as you said, of course with that we have to be able to take more responsibility, managing income and managing expenses must be determined. , because when we have workers we have to be able to manage finances well for those who have to get a salary from their work which helps us in running the business.

You're not sure about having a business, it sounds easy to manage one but the struggle is real when you're the sole owner of the business and you have to grow it on your own with various methods and techniques. Yes, you have money to invest as a capital for starting a business but that's not how it goes as it's not going to be an easy path. But once you set it up and you're on a roll and the business is moving on its own with the system you've established, you're for sure going to make it.

That sounds good when you have that position but behind that, most of them that are into that top position have gone through a lot, thick and thin. Failures and successes, sweat and blood are mixing all together.

Really depends on the business that you are going to put up, we really don't know if you will have a good return in months or years, there is still that element of risk involved. I don't know the numbers, but there are businesses that fail in the first year alone. There are also competitions that you have to look whether your business is online or offline.

That is the good thing about having your own business though or becoming a entrepreneur, time is in your hand. But it doesn't mean that you will not work as hard as when you have your 9-5 job. You really need to double and spend more time now as you are the boss. You have to think about your business and how to grow it. So both investment and being a being businessman entails responsibilities.

Both of them are crucial, but they have different goals. Businesses always want to make money, but entrepreneurs are more interested in finding solutions to problems than in making money. In fact, sometimes they don't even use their own funds; instead, they look for investors, and while they work to solve problems, they end up making money.  This indicates that making a profit now involves a different method. Everyone will choose business because, among other reasons, it is easier to turn a profit from it than from entrepreneurship. Although each has advantages, you still need to try to make the process work and have faith in it.

If you don't, everything will eventually perish. Anyone have anything in mind should give it a try.

I guess the two are very good for someone to use to grow financially in the future, but if they ask me to choose one to invest, I will prefer business because you can invest a huge amount of money in business and within some months or years you will recover the money you used to start the business and still have money in your bank account to invest in other assets that will continue increasing your money.

When you succeed to create your own business, you will surely become the director of the business and, nobody will be controlling you on what to do to earn salary but you will be in charge to be paying your workers salary because you are the one that employed them in that business.

As a man who likes to play things safe, or at the very least know what I'm signing into before I write my name on the pad, I see myself as someone who wouldn't flourish in the world of Entrepreneurship. The thing is that, for you to even have the most remote chance of ever making it into that venture, you have to have some balls of steel to keep going despite bad sales, bad product reviews, etc., and continuously improve upon your product, and the way you present it to the public. Add to this the fact that even if what you're selling is an essential, you have to make them realize that they need it, you can't just sell it and expect people who require it would buy from you straight up since people choose comfort over new experiences. And for these reasons alone, do I say I'm not cut out to be an entrepreneur.

As a businessman however, I have great chance, I know the ins and outs of running a business since I made a couple of those in the past to support my schooling, I know the risks you can and should take and have made calculated decisions in the past which I know will make me a great businessman. Plus, you don't have to reinvent the wheel to be successful in the business industry, all you really need to do is present your product way better than other businesses, and let the whole thing play itself out.

So all the way, my answer is business over entrepreneurship.

Yeah, most of the time people get money in their hands but they don't know the proper way of using that money. They waste it here and there because they lack planning and expertise in any field. Still, if a person has already planned everything, has always been eager to start a certain business that they know a lot about, and has thought everything through, they would get right into it as soon as they get enough money in hand and such people are the ones who tend to get success in their lives.

However, as they say, the higher the risk, the higher the reward. So, maybe sometimes one should take some risks with money that they know they can afford to lose just to see if they can get success in a certain field which has a lot of risk of also have the potential to provide great profit upon success.