Topic: Business/Entrepreneurship. - page 5. (Read 1563 times)

Sometimes it is easy to tell and advise other people about business, but when we dive directly into the business in question, the expected level of achievement may not be appropriate. The success of a business depends on the owner, they try hard, never give up and always pray (for good) so that their business is successful. The processes or stages definitely differ from one to another, but the business concept is basically the same.

Currently, many business ideas are emerging, including those related to crypto. Continuous technological advances open many avenues for anyone, but they must understand the risk limits of each different idea. Don't target big profits, but start from something small and make it something big.

That is exactly how people should approach investment, if something looks like it has a potential to make you money then it would be smart. Imagine if you gave a few thousand dollars to facebook at their start, you would be a billionaire by now, not saying you would find something that big, but it is possible to see examples of that in the world, so investing into a startup is not a bad idea as long as you find one that doesn't go bankrupt.

It would be smarter to eventually find something that will make it better for you on the long run, and if you could do that then you would be able to do everything you could do. The best version of this would be just finding an AI company these days, very tough to invest, but could be good in the future.

Honestly, I have read through the Op trying very hard to understand what OP actually intended to differentiate or teach between entrepreneurship and business. In your article, it seems that you simply customized innovative to entrepreneurship, whereby an ordinary business cannot be innovative. This is wrong. I can say that a good business man is an entrepreneur. If you do not agree with me, I would like to give an instance. Let's I moved into a new environment for residential purpose. On getting there, I discovered that everyone in that neighborhood travels a few kilometres to barbe their hair. I decided to open a barbing saloon, employed barbers and start making money. Yes, I am an entrepreneur. But then, does it eradicate the fact that I am also a businessman?

According to your analogy, it therefore means that every successful businessman is an entrepreneur, while unsuccessful businessmen are just into business. In order to start a business, risk is already taken and it therefore qualifies a business man to be called an entrepreneur. I therefore can use both words interchangeably and still be correct because there is not clear distinction between them.

This is what differentiates entrepreneurs from ordinary people, entrepreneurs will always find a way to make a profit amidst the difficulties that occur, they will always be given an idea and that is the gift they get.
Have you ever heard of a successful entrepreneur being pessimistic about the business they are running, of course not, in fact they seem very enthusiastic when other people feel pessimistic about the idea they are running, and another thing, entrepreneurs are usually hard workers and great thinkers, and They are able to manage their money well and are not wasteful, they have many talent.

In the first year it survives, in the second year it adds customers, and in the third year it makes a profit. It is a natural process that almost all business sectors will face these challenges, and if they successfully pass through these three phases, I am sure that a business will run and survive for a long time. The risk itself also varies greatly, I mean it depends on what business model we want to develop, and winning profits will be proportional to the risk we are able to take. If you don't want the hassle, then investing is the easiest way to make a profit, buying fixed assets such as land or property. And you can also invest in Crypto currencies such as Bitcoin, of course all of this requires learning and understanding excellent risk management. In essence, all of this requires capital, and taking advantage of available opportunities is the way to go if you want to make a profit.

Maintaining a business is not an easy thing, it requires skills and knowledge to be able to survive the business that we run and we also have to be able to overcome every challenge that exists so that the business that we build continues to run well so that we can get profits from the business. if we cannot overcome every challenge that exists then the business will end and we will experience losses from the business, developing new ideas is not an easy thing because we have to know for sure whether the ideas we have can be developed well and also whether people other people can be interested in the ideas we have and if other people are not interested in the ideas we have then it is very unlikely that the ideas we have can develop well.

every business we do is very difficult to build in the first year, if we can't survive the first year then the business we are running will definitely end, everything needs a process to be able to get profits in business, but for entrepreneurship it is innovative to develop ideas -New ideas but the goal remains the same as a businessman, so we still have to face difficult times the first time we run it.

However, what is clear is that business and entrepreneurship are both built and developed so that we can gain profits. Even though the two are almost the same, in fact they are very different in terms of understanding and even the level of risk. But sometimes many people misjudge the two, even considering them the same even though there are differences which of course make it difficult for many people to recognize them. For business, it is an activity that aims to make a profit from our business and can develop the economy. Meanwhile, entrepreneurship can be said to be a skill that is possessed or creative and innovative which is used as a basis for seeking opportunities for success in the business world.

For me, entrepreneurs must have a growth mindset. Because a growth mindset must be equated with mental strength, every growth mindset must be accompanied by mental strength to face every challenge in business.

To my knowledge about this topic, business and entrepreneurship have a big difference.you might be a business man and you are not an entrepreneur.you are stock and stagnant in a type of business making your profit in a business you no more best that's good.Entrepreneurship is innovative you develop new skills, products, services,new ideas to change from a setting business to another always productive with new deals to make more profit or to expand businesses.

It all depends on potential. If the startup has good potential in the future, why not? or when the business or asset has potential too, why wouldn't I want to invest in it? I invest my money with the aim of being able to make a profit from it, so I will look for anything that has potential with as little risk as possible. So whether it's a startup, business, or investment in assets, I will invest my money with the expectation that I can get the maximum profit potential from it with the risks that I have previously estimated. I don't want to stick to one type of investment.

As long as it's good for us, why not? Risk is a given and we have to take it. How do we know we will succeed in business or investment without doing it? We can't just speculate that we will fail or succeed, we have to try it and take the first step to start the next step.
Don't let the fear of failure make us lose without starting. Even if we fail, we will definitely have a great experience that will make us better the next day. No one is successful without starting, it all happens because of the courage to take all the risks that we have considered before.
We can't just sit around and hope for luck to come our way.

Of course in all things risk must exist, especially with business or business and investment, things that involve money certainly involve risk. In my opinion, with the existence of risk it can make us develop, where the risks that occur must be used as lessons by thinking of ways that the risk can be overcome properly or can even be avoided. By building a business, of course, we have to learn a lot of related aspects, don't build a business but don't know the related aspects, including how to overcome the risks that can occur.

Bensr that you said, although there are risks but do not give up to achieve success, therefore we must have good self-confidence, as well as strong ambition to build a business. Katens to achieve success we must dare to take actions that are sometimes risky.

Everyone will have different views and choices, what you want is not wrong and of course we have sufficient research before deciding.
However, personally, I would avoid businesses that I have not fully mastered and would prefer to invest because I think the lessons or preliminary knowledge will be easier to obtain for investing.
To open a business, I think you really need experience and starting from scratch to create an experience is full of risks so we have to prepare for bad things to happen.

Both will work for me. I'd like to invest into start up that I know that probably can make it or likely to survive for its first year's of trial. And then if there are businesses that I'd like to open on my own, then I'd pretty sure do it and the same with the start up, I know that the first year's are going to be hard. As long as it is break even or with a little profit just to sustain the business and staff, I'll continue it for sure. And definitely, I'll have my own assets and investments as well.

There is a theory that I have always believed in. When it comes to such a stage of investment, which is "the higher the risks, the higher the profit, and the lower the risk, the lower the profit," I would rather start something tangible regardless of the amount of risk it has if truly the project is a good one, because if you truly want to become rich, you have to be ready to take the risk, but when taking the risk, you should investigate and always stay focused so that you can’t understand if truly what you are trying to embark on will be of favour to you before you determine whether you are taking the risk involved or not.

Moreover, even investing in a business or its assets is also good, but you most definitely have to make the best inquiry about what you want to start because whatever business you want to start, someone else has already tried it, so to me, before you start any business, you most definitely need the knowledge of that business, but when you are starting up a new project that you yourself know is tangible and will definitely be accepted by the people. Driven in, it will be the best for you to get more profit, but it will take more time to get profit than that of opening a simple business, so to me, I would definitely go for starting up a new project or supporting someone that comes with a tangible project.

but it's not that easy and it's not that smooth, business people or entrepreneurs may have failed more than once.
that's why not everyone can do business because not everyone is resistant to failure, and doesn't dare to take risks.

Not all rich will remain rich. I already saw lots of proof about it. Most of them doesn't have a rich family or clan, so they don't have a proper knowledge on how to handle their wealth and emotion. That television show you are talking about is great.

The point of it is to show that billionaires knows how to work hard too on their own and not just to work smart using their money to hire workers that will do the job for them. Hard work is important but it's not alone. There are plenty of positive traits that we should also have in order to be successful on the thing that we are venturing. One example would be is to have patience.

Yes,especially when you've fully understood and acquainted yourself with the appropriate information.Once you're able to manage risks and handle certain financial problems then ready to embark on that journey.You should understand that risk is part of entrepreneurship and it can help to balance your learning ideology/reality.

Business/entrepreneurship are similar because they both aim at giving value to their products consumers and getting profit rewards in return, however the difference between them is that entrepreneurs create business ideas, they're innovative thinkers, people who create solutions to satisfy the needs of consumers, while business people distributes the innovative ideas and products of these entrepreneurs, so in a layman's point of view the designers and manufacturers of a product are the entrepreneurs, while the people that distributes the products are the businesses. It should be noted that an entrepreneur can also be seen as a business person because his reward is also profit and lose, just like the regular business person.

I feel like hard work lays at the foundation of every single successful business. I have seen plenty of proof that I am now convince that rich people will always be rich.

There was this television show, where they take a billionaire, and put him somewhere which nobody knows him, and he actually does things that we all can do, and he turns 100 dollars into a million dollars within three months, and most of them did, or got close.

So that means, we are talking about a rich person mindset, and that only happens with hard work, you have to work hard AND smart at the same time, you have to know what makes money, you have to network, and eventually you will have a company that worths a lot. This is how you get rich, nobody gets rich being lazy.