Topic: How to developed your capital - page 6. (Read 1386 times)

Well someone who is already a professional may already have a lot of experience as a basis in himself, they already know the various conditions that are there and that they will experience, with that someone who already has experience will tend to be easier to do or live it. But honestly I think it doesn't matter if a beginner wants to try it, someone has to be willing to take risks if he or his knowledge wants to develop, and that will make them a professional in that field. But I also don't mean or wouldn't put too much pressure on them to do it, because obviously only they themselves know about what they want and what's best. So for them (beginners) I hope they look into the risks involved in the field they're going to do, don't be stupid, meaning don't just rely on courage but you don't have any knowledge.

I agree with what you mentioned above, there are already quite a lot of references that we can get to increase knowledge or insight, you can search from the internet or take special training that can be used for your basic knowledge before starting a business. What you have to have here is capital and also mentality, for capital as you said there are many banks that provide loans and for your own mentality please do as I explained above. Because it will be able to help you survive in this very tight business competition. That's right, start from a small business, if you see that the performance of the money you spin is good then you can do it with a larger capital from the spin results.

I don't  think that developing a capital to start up a business has anything to do with education because we have many educated individual that are very poor and if you give them money, they'll prefer to eat and spend it instead of using the money for something that'll keep giving them more money like starting a business. The best way to develop capital is by investing the money you have to generate more money for you in the future because investment aren't stressful.

When you invest, your money is working for you so you'll have all the time to yourself to continue what you were doing and wait until the money you invested have duplicated to give you enough money to use it to start up a business or continue investing in other things.

If someone currently doing a conventional job wants to establish a new business, they can do so if they have the financial management skills to do so. If there are any like the ones the OP listed, there are numerous methods for us to increase our capital.

The issue will be whether or not those who read the books you name in the OP are able to implement what they learn from them because they are open-minded to such issues. Can't we conclude that the majority of those individuals can only claim to have learned about money through reading?

I still haven't been able to save anything. A few years ago I was fired from a job where I worked in my specialty, and now I can’t find another one. So you have to get by with what is on the supply market. It's very hard. The salary is very modest. Barely enough to live.
Well, under such conditions, how to save, set aside part of the money? Even if she is modest. I have not only to save, but to simply deprive myself of basic needs, but I do not lose heart and continue to move only forward.
How everything works in this life. One is given everything, and the other is trite nothing.

I would suggest a professional in this matter rather than one's own self if they lack suitable experience. You can't just develop your own capital from thin air. You have to grow your money from what you already have, take loans from the banks if necessary or planned and then go public is the situation demands it and you have a high demand on the market.

This we can start from smaller ventures first, gain popularity through marketing and actually developing some that is useful then go for higher capital. It's a ful time job and no compromise should be made.

Thank you, and I agree with you on knowing the skills of your staff and workers, especially since you already know them closely. Additionally, the point about having a contract is a vital point as well, this will ensure that business is business and there are policies to follow, it also strengthens the trust between you and your workers (family or not).

Well, the OP has not been back to answer some of the questions we have asked him, so it seems to me that he was more interested in getting credit than in debating with us. I would have liked him to have answered this question:


There is plenty of information on finance available on the internet these days, it's just a matter of a little searching, and the fact that the OP has not won a single merit makes me think that he has not contributed anything extraordinary either.

of course everyone will have their own way of thinking and ways to develop capital, but for beginners I think there should be a lot of sharing with experienced people so they can take lessons from those experiences. because often even though they have a large income, many people cannot manage their finances so that capital cannot develop until the business runs stagnant, things like that that seem easy but sometimes become one of the obstacles in doing business

Both you guys make equally valid points. As a thriving businessman myself (I recently just opened a venture of my own which I'm really proud about), it is way easier to hire close friends, and family members since you don't need to screen them with interviews anymore, and you're able to place them in positions that you know they are capable of since you've known these people for a good while. And while the trust with money is true, I say that it's way easier to handle when you're the boss who pays these people. Long as you guys come up with a passable payment and have it signed through a contract, you guys should be good.

Utilizing your available resources is a perfect way to ensure that not only are you going to have the capabilities to come up with the capital, it's also going to ensure that your business stays afloat through thick and thin.

Yes, they need some guide it could be learn by books or by videos in Youtube. Everything can be learn now in this space nothing is impossible. But yes developing your capital for your business or project is kinda hard if you are doing it just for yourself. I knew it because I have an experience in that kind of thing before but I fail because I didn't took the risk and I limit myself.

Unfortunately parents raise their kids for the time they lived, not for the time they are going to live. For example, my dads time was a period when English was becoming more important at work, so he wanted me to go to college and learn English, and because of that there were a lot of people who studied English and learned it at my age group, since all our dads wanted to learn but couldn't and was too late, and because of that we did, but because we all did at the same time, speaking English doesn't make anyone a lot of money at all.

I believe that we need to focus on making our kids learn stuff that will benefit them in their own future. A lot of parents are teaching their kids how to code now, but coding is todays job, it won't be as profitable 20+ years later.

Overall I find the steps very good, and I agree with the points. But on the other hand, there is an obstacle which in my opinion is very basic, namely beginners really need guidance. This means that in every stage that is taken to develop their money in the capital market, beginners really need a mentor to support and provide an overall picture of the benefits and risks.

Finally, in every decision making, they will not be shaken by the sometimes volatile market situation. I think this is just a personal assumption, of course each will have a different perception based on his experience.

Now it will be very easy for us to get a loan as long as we have a guarantee, you are right we have to think before making a loan whether you will be able to pay it after making a loan. Maybe what you see is that those who have a business that is not ready to develop and they make loans to expand their business will certainly create problems for them because their business is not ready to be developed, so before choosing to seek additional capital to develop a business, it is necessary to study the existing business. we live so that we don't use the wrong additional capital for our business from the loan, of course this will create new problems for our business.

I think borrowing is something that we should avoid, because without us realizing it, problems will arise. It will be very easy to get money from loans, but we must think carefully before making a loan.
I am talking about this based on what I see from my surroundings. Several times I saw someone who had a fairly developed business, then later they took out a loan because they wanted to further expand their business, what they got was just the opposite. Their business fell apart, and they also had to pay their debts.
From this I learned that borrowing can be one of the triggers of problems.

Good point. Make the most of what you have, the connections and resources you already have allow you to have more. However, just a little side note, trust is very important in this aspect, as well as ensuring that you are not being taken advantage of and vice versa. As crazy as it sounds, you cannot fully trust anyone when it comes to business and money, even family. After all, money is the root of all evil. Hence, it is best to still keep some things only to yourself while expressing gratitude to those who helped you.

There are many ways for us to be able to raise capital, and in my opinion the easiest thing to get capital is to look for a loan from a bank, if we already have a business that has been running for at least 3 years it will be easier to find additional capital, of course we have to calculate the ideal amount that can still be we pay .

So true. And ironically at this time in some developing countries the main job is sometimes the amount of salary is not too big. Or it could be said that the amount of salary received from a basic job from an offline job cannot cover the basic needs of someone who already has a family. And sometimes at this time online side jobs can actually make more money than the main job offline. Maybe every region and job has different conditions. But as far as I'm concerned in certain areas the base salary is too low in value when compared with the increase in inflation which never stops. This is what makes everyone have to work harder by working on the side. But fortunately today there are many side jobs as Freelancers that can be done from anywhere online which can also generate quite a lot of money. But not everyone is willing to learn about online jobs. This is what may also make it difficult for someone to develop their finances. Because they don't want to develop themselves by adapting to increasingly advanced technology.

If you’re living in an Asian household/with a family that doesn’t mind you crashing in for a while so you can come up with the money for your business, do so. You’ll be surprised at how much you’ll be able to save especially with rent. If it comes to the point where you’re avle to start your business, it’s easier to hire relatives/family members too and they would appreciate the gesture as well as it means you’re trusting them.

It’s all about transparency and paying it back when you’re able to get your big break. So if your family doesnmt mind accommodating you as a youth while you setup your business and all that, might as well my friend.

Well I don't think that developing capital to start a business is something hard for an educated person, if you are well educated you can easily get even not full capital you can get half to start anything which you are planning for, it is said that a wisdom man is stronger than the strongest person because of his wisdom's.
If someone is educated and he needs capital to start up a business, the person should just look for a job and work get paid and use the salaries to start up a business for him selfs but if the person is thinking of to continue working at the company he can just open the business and put someone to manage the business either relatives or maybe a good close friend and then continue his monthly jobs, that's double assets.

Outcomes or results would really be different on each person on which it is true that we do have different ways and dealings into particular things and comes up with different decisions and solutions on which not all would really be sharing up with the same idea or conclusion on things.Therefore, results wont really be the same as well. We know that in investment world or business
which it doesnt automatically be considered out to be that a success. You would be needing to pass up lots of challenges and struggles before you would be able to hit up that situation.

Its not something that you would be just simply putting some money and then wait up for you to harvest your profits. It do still basically be needing on that kind of management and decision making which is also a factor that would be determining whether you would succeed or not.In business then it would be a matter of success or fail but somewhat there are really situations
on which it does really need up some mix of luck for you to be that successful on this field.