Business/Entrepreneurship. - page 5.

btc78

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Quote from: Bitco55 on January 31, 2024, 10:45:27 AM

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.

Some people might be confused but you are right business is created out of an idea and the creation of idea and building it from the ground is what entrepreneurship is about

Entrepreneurship is about innovation and improvement to generate profit which is the business side

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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?

Regardless of whether you would start a new business or just invest into something pre-existing there would always be risks so i think it depends on the idea if it is well-planned i believe i can invest in a start-up

Natsuu

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Choosing between entrepreneurship, business or investing is like picking your adventure in the world of making money. Being an entrepreneur is diving into the unknown, creating something new with its thrills and risks and opening a business is like working with what's already there, a bit safer but still challenging. Investing in assets is playing the money game, less hands-on but with its own rewards. It all boils down to your appetite for risk, desire for creativity and how much you want to get your hands dirty in the process

gunhell16

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If we build a business, we all have the key to whether it succeeds or not. Some entrepreneurs do things the wrong way in exchange for the money they earn. But others struggle to achieve what they want to happen to their target.

Because most businessmen just start with the idea when they start their businesses, which can be imagined in truth, many people have succeeded in that way.

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Quote from: Gaza13 on January 31, 2024, 12:24:15 PM

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.

To get maximum results, try your best, namely the solution to getting this is by being entrepreneurial and focused and consistent in what you are doing, because if you work half-heartedly the results will also be half-hearted. After getting the results of this work, be careful in making investments because beginners must be smart in taking opportunities, be confident and keep trying even if there are obstacles.

jossiel

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I like watching these shows that are related to startups like Shark Tank and Dragons Den because first of all, I like how these aspiring entrepreneurs pitching in front of these investors and that's part of their growth.

How they pitch matters but the actual startup and project they are working on is what the investors are buying. And for me, if I am one of the investors, as long as I see that there's a potential on the project and I like the personality of the pitcher then I'd invest.

But I know that there will be failures and mistakes of these decisions and that's part of angel investing.

icalical

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If that's the different between Entrepreneurship and Business then starting business is much more easier compared to become an entrepreneur. With all the technology and convenience we already have today there is not much of problems left to be solved, let a lone solve them. I didn't mean that we don't have any problem any more, it's just you will to be a genius to find a problem and then solve it, or you are forced to make up a problem that's actually not a problem and think that you solve those unnecessary problems.

If I have money to start one of those, I would definitely pick business over entrepreneurship, and I will start a business that I already understand. I wouldn't put money on something that I do not completely understand, that will be a big bad bet.

poodle63

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Quote from: jrrsparkles on February 02, 2024, 03:45:22 PM

The definition you gave somewhat resembles to the reality but a successful business is also someone who started it from scratch and made it to the level at this stage. Also there are business where you can simply buy product from one place and sell it to others which may looks easier but in reality the making the people to buy product from your store when its available in every store is the big difficulty so everything has its own pros and con.

definitely, reselling things at higher price, gonna be difficult, nowadays people are finding the store directly and see where the stuff gets sourced and decide to buy directly without intermediary thats why things like reselling nowadays getting significantly difficult with the simple way of gathering information . also there are other thing that dont require buying and its called dropshipping and trust me right now its most saturated than ever, some people don't even call it business its called hustling and marketing.
therefore the only way is to resort on problem solving inventing product to solve other people problem but even then thats a difficult thing because everyone out there is probably doing the same solving the problem that you think exist, its overall fierce competition out there.
because simply put everyone want to become rich, want to become CEO, and want to have that respectful glance whenever they meet someone they willing to put an effort into finding some problem and solve it but everyone is also doing it.

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Quote from: Dunamisx on February 02, 2024, 05:43:47 PM

Quote from: Bitco55 on January 31, 2024, 10:45:27 AM

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

That's true, for you to be an entrepreneur means that you ha e identified a particular problem and try to use out of your own personal developed skills to finds a means of providing a lasting solution to the vaccum space in the economy, to run a business as an entrepreneur is the best way to provide the people with the direct means to their requested quality service delivery through what we offer to them.

By having skills as an entrepreneur, you will be able to solve the problems faced by those who run a business because everyone who runs a business will of course face various challenges in the business they run and for you this makes you able to provide the services you offer. as a person who looks for solutions to problems faced in that person's business and after you can solve them well, you will become a good entrepreneur because you can solve a problem faced in someone else's business.

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Quote from: junder on February 02, 2024, 05:24:15 PM

Quote from: Eternad on February 02, 2024, 11:17:33 AM

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That makes sense, because there are indeed some people who have enough money to start a business but do not have the skills or do not have the talent in business management, then they can invest in companies or assets that are guaranteed, but even so, hopefully they can also see the risk side, not to be ignored because if ignored it could happen, of course it must be considered as well as possible.

True what you say, it is also necessary, if indeed he himself has good ambitions then there is nothing wrong with starting his own business, but it must be with real readiness. Because starting a business involves many aspects so it really must be considered. Also have to study or deepen the understanding and knowledge of the business being done or run, do not let big problems occur because they do not consider it properly.

That's true. Starting a business requires a careful balance of financial resources, skills, and a deep understanding of the market. Investing in guaranteed assets can be a wise choice for those lacking specific business management skills, but it's crucial to remain aware of the associated risks.

Ambition is a great driving force, but real preparedness is key to navigating the complexities of entrepreneurship. Thorough research and a solid understanding of the chosen industry are essential to mitigate potential challenges. Ignoring risks can lead to significant problems down the road, so a cautious approach is necessary. aligning good ambitions with concrete readiness, financial acumen, and a commitment to ongoing learning are essential components for success in the business world. It's a journey that demands careful consideration and continuous adaptation to ensure sustainable growth and resilience in the face of challenges.

oktana

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It depends on the individual none is wrong or right. For me I’d definitely want to take the risk of creating something from scratch. I’ve seen many people who followed this route and the process of problem solving as an entrepreneur is pleasing and overwhelming. Of course you’re still after the money but the feeling that you’re really bringing a solution to a problem is like no other. It’s a risk because people may not like your solution however, giving up has never been the way to win. Think about how massive it’d be if it sold too.

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Quote from: Bitco55 on January 31, 2024, 10:45:27 AM

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

That's true, for you to be an entrepreneur means that you ha e identified a particular problem and try to use out of your own personal developed skills to finds a means of providing a lasting solution to the vaccum space in the economy, to run a business as an entrepreneur is the best way to provide the people with the direct means to their requested quality service delivery through what we offer to them.

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Quote from: Eternad on February 02, 2024, 11:17:33 AM

Quote from: Bitco55 on January 31, 2024, 10:45:27 AM

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 have zero talent on business management then I suggest investing on a certain asset is much better and let the other skill guy work for you while you are just ripping off profits while doing your job or other things. I once planned to open a business and become successful because I have a partner that can manage it for me but I will definitely don’t pursue it if I will be the one who will be managing it.

You should assess yourself first before you can decide whether starting business by yourself is more profitable than investing on assets. Entrepreneurship is really great profit generator but it requires special skills that’s why not everyone on this industry becomes successful. Some entrepreneurs lose hard because of poor management skills.

That makes sense, because there are indeed some people who have enough money to start a business but do not have the skills or do not have the talent in business management, then they can invest in companies or assets that are guaranteed, but even so, hopefully they can also see the risk side, not to be ignored because if ignored it could happen, of course it must be considered as well as possible.

True what you say, it is also necessary, if indeed he himself has good ambitions then there is nothing wrong with starting his own business, but it must be with real readiness. Because starting a business involves many aspects so it really must be considered. Also have to study or deepen the understanding and knowledge of the business being done or run, do not let big problems occur because they do not consider it properly.

Fortify

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Quote from: Bitco55 on January 31, 2024, 10:45:27 AM

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?

Maybe it's more like problem solvers are entrepreneurs, instead of the other way around. People who are looking for better ideas and ways to improve the situation around them, will naturally make good entrepreneurs but they may choose to stay within an organization or company, rather than branching out to do their own thing. You can be a problem solver without wanting to bother with creating your own company or taking major risks however, some people get very well compensated within existing companies for doing just that. It's also possible to solve problems by over engineering as well - if you make something vastly more complicated or expensive, it is not necessarily a better solution for the majority of people.

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Quote from: Bitco55 on January 31, 2024, 10:45:27 AM

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?

With my position right now, I will not start a business nor be an entrepreneur. Let me be frank with you, running a business is very hard either in a good environment or bad environment, you can't start a business in an economy that is working fine and fail because most businesses in their early phase tend to fail mostly and I don't have any money to waste or test anything that will not work. It takes time to establish a business but it's rewarding if you find your way out of it, it's very sustainable and can be a generational wealth that can be pass from one to another but right now, I can't try it.

The reason why I'm not trying entrepreneur is because the situation of my economy is very bad for any idea that you want to solve because we are dealing with rise in inflation and when an economy is not stable, a solutions can become a problem quickly that you will be exhausted about what you are doing. I don't want to start what will not end well but when I have economy that is friendly, I will be entrepreneur one day.

jrrsparkles

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The definition you gave somewhat resembles to the reality but a successful business is also someone who started it from scratch and made it to the level at this stage. Also there are business where you can simply buy product from one place and sell it to others which may looks easier but in reality the making the people to buy product from your store when its available in every store is the big difficulty so everything has its own pros and con.

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Quote from: Bitco55 on January 31, 2024, 10:45:27 AM

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 have zero talent on business management then I suggest investing on a certain asset is much better and let the other skill guy work for you while you are just ripping off profits while doing your job or other things. I once planned to open a business and become successful because I have a partner that can manage it for me but I will definitely don’t pursue it if I will be the one who will be managing it.

You should assess yourself first before you can decide whether starting business by yourself is more profitable than investing on assets. Entrepreneurship is really great profit generator but it requires special skills that’s why not everyone on this industry becomes successful. Some entrepreneurs lose hard because of poor management skills.

goldkingcoiner

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Quote from: Bitco55 on January 31, 2024, 10:45:27 AM

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?

I see entrepreneurship as something that is for the type of person who has no fear of the risks of moving away from what is considered the norm. The norm in this case being a full-time job and maybe some decent savings/investments. Creating your own income is very risky but it can be far more rewarding than "playing it safe".

But I am not the type of person who likes to live as a normie NPC who only lives his life in a pre-drawn straight line. So obviously I would rather open a business and invest into different assets.

And honestly, in many modern cases, having a regular 9-5 Job can be considered even riskier in the long-term.

m2017

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Quote from: Bitco55 on January 31, 2024, 10:45:27 AM

A wise man once said "Entrepreneurs are problem solvers" usually looking for new ways and solutions to both existing and newly discovered problems.

Sometimes these problems are specifically created and inflated thanks to a marketing program.

Quote from: Bitco55 on January 31, 2024, 10:45:27 AM

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.

If entrepreneurship didn't profit from this, it would already be called charity.

Payment for solving problems is a normal phenomenon in trade and monetary relations. Both participants in the transaction benefit: one receives a solution to the problem, and the other receives a reward.

Quote from: Bitco55 on January 31, 2024, 10:45:27 AM

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?

Investing is certainly easier (but doesn't mean less risky). Being a lazy person, this method of investing money seems preferable.

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Quote from: Bitco55 on January 31, 2024, 10:45:27 AM

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.

The conclusion is not entirely clear.
How will an entrepreneur who decides to open his store, in my case, rent it for the sale of bakery products, make money from the consumer? I see benefits on both sides. Do people buy a product that is nearby and convenient for them, and the owner makes a profit from it.
Talking about risks is equivalent to the proverb that if you are afraid of wolves, then you don’t need to go into the forest. There have been and will be risks, not to mention the fact that we do not know our future; risks related to competition and taxes are also always present.
Investing, especially in Bitcoin, should be done calmly, and the investor should also have a good nervous system.

MFahad

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Quote from: Bitco55 on January 31, 2024, 10:45:27 AM

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?

you are right about that. Entrepreneurship and Busines are two completely different things. it is funny to see that so many people call themselves entrepreneur while simply making replica of any existing business.
it looks like anyone who doing online business tend to call himself an entrepreneur .
even youtubers, bloggers and social media influencers think they are entrepreneur. do you think online business owners are entrepreneurs or not?

Topic: Business/Entrepreneurship. - page 5. (Read 1115 times)