Topic: Stop waiting, It's time you start... For it's another new year again! (Read 246 times)

I do agree that small beginnings are a great way to start, most big brands started in that manner. However, the truth is that these are really not very good times to invest in a business venture, considering inflations and all those economic uncertainties. Determination and proper planning are, no doubt vital, but equally important is knowledge of the target market. Business is a fast moving world where flexibility can mean all the difference. Great to start somewhere, but it is in balancing that drive with the awareness of current trends that sets one up for better success. Go for it, but adapt with growth, I believe that's how most successful entrepreneurs survive during tough times.

When it comes to business, I'm not as thrilled about it as most people are. Many people are unrealistic when they talk about starting a business. Not everybody is going to be a business owner so I don't see a need to push it down the throat of everybody. The fact that business may bring more money doesn't mean everybody should have a business.
People who are building careers in whatever field they're into might not have the time to start a business and even if thy do, they may not have what it takes to start a successful one. Not everybody has the initiative to manage a successful business.

What I think everybody should have is an investment and a plan. You can have your career and make your money work for you in one way or another. You can have investments in shares, bitcoin, treasury bonds, gold and many other investment assets.  Even people who have business need investments and insurance.  I think the business thing is overestimated. Some people even say stuff like you can become rich on a salary, what kind of bs talk is that? It depends on the salary you receive.
Why not find ways to be better at what you do and keep growing and earning more thereby having more money to invest and see if you won't become rich that way?

Don't get me wrong, I have nothing against having a business, all I'm saying is, that's not the only way. Try to be among the best in your skill or career and keep finding ways to level up while also having different investments in your portfolio and with time you might be worth more than you realised.

If you already have the resources, and have gained already those basic knowledge and skills, then now is the best time to start and make your business plan works. Don't be scared to start and fail, that's how you will learn. But with patience and persistency all throughout the process, I know in the long run everything you did will paid off. Just trust the process, just take it slow.

Just because a new year, my plans are not changing. New resolutions are well known for not lasting even for a month. So, if you really want to make a change, you should not wait for a new year to take a resolution. I have been into long term holding of bitcoin for years which means this new year was just another day in my life but I am confident on my strategies and goals. I am not here to discourage your motivations but all these are for every moment and not just because a new year.

Investing must be a better business I could do, in my opinion. Coffee can investing with bitcoin is the business I have been into for years. Honestly, when you are a long term holder of bitcoin, you never need to re-shuffle your goals often. This is the reason, I am not into anything just because of a new year.

On this, I think you asked an important question and also gave the answer to it yourself at the end. Nevertheless, for the sake of some persons that might find themselves in this situation I will like to add by saying that there's no business which can't be started small l, you would need to focus your capital on the most important needs/requirements of the business to start and in the process you can gradually expand.

On the other alternative, since you've the some capital only that it's not sufficient to start your size of business due to the high capital needed, at this point it's good to go into partnership with like-minded businessmen to pool the required capital and more for that expansion you need. It's one of the best shots you've got now.

Yes have also red about this as well, I think the richest man in China made this post thereabout "Jack Ma". I was so much inspired by this words because today lot of people do not think about business and what they think is about working for immediate and self-satisfactory situations where they can't think upright rather than getting profit within the next day or weekly/monthly days. It's a shameful thing that people can't even reason well because of the situation at hands, though, of a truth not everyone are designed to own a business (some people are designed for creating the opportunity, while some others are designed to work on the opportunity) in summary, not everyone is a part finder.

An internet quote i happened to come across in my social this morning, my thinking flashed back to this thread.

"If you put bananas and money in front of monkeys, the monkeys will choose the bananas because they don't know that money can buy many bananas. In fact, if you offer WORK and BUSINESS to people, they will choose to WORK because most people don't know that a BUSINESS  can generate more MONEY than a salary. One of the reasons why the poor are poor is because they are not trained to recognize business opportunities. They spend a lot of time in school and what they learn in school is to work for a salary instead of working for themselves. Profits are better than salaries because salaries can allow you to make a living, but profits can generate you a fortune."

It is better to start a business you are passionate about. Passion gives the drive to be diligent and hardworking to make the business succeed. Venturing into a business you don't like because you cannot afford the capital for your chosen business might not be good. If you don't have enough capital, seeking partners or sponsors could be a good idea. Investors are willing to finance viable businesses if you can present it to them.

Anyway, I think almost all businesses can be started in a small way. If you want to start selling cars but don't have the money to buy, you could simply serve as an agent to a car dealer and earn commissions.

I think this is also necessary this new year while we all prepare and make good new year resolutions, do a proper findings before choosing anything you want to put in money and avoid getting into trouble that will take your time, money and frustrate your efforts cause nothing stops temptation from coming when you don't avoid it. A lot has been said already but just to add a little more, make good use of the money you kept in the banks that is not appreciating to put into a profitable business so that you will not be paying charges for nothing.

Be creative
Think deep
Work smart
Learn everyday
Invest wisely
Take good risk
Use the forum regularly to get more informations.

Another thing with starting a business or investment whether online or offline is setting milestones for yourself like three  months, this is what I aim to achieve. That's why you see some people moving with Q1 (quarter one), Q2, Q3 just like that so they will not overwhelm themselves with achieving the goals.

By the time you say you want to be successful with your business by the end of the year without clear roadmap or direction you would be putting yourself up for stress. Break up the steps to achieving the big goal into 3 months, so for every 3 months you are working towards achieving a milestone like investing little by little into Bitcoin or setting up your physical store.

And the next 3 months you are doing this or that just like that so you aim at achieving those bit size goals than just saying boom I want my business to be making $5000 monthly revenue by 11th month when you don't have a clear on how to achieve it. So before you start have a road map and in that road map have milestone of 3 months how you will be achieving things bit by bit.

That is the deficiencies of a business ( fears that comes when we want to starts up new business) and anyone who can over that fear can actually do well in any business they are about to go into because many people would sit and calculate the risk, benefits and profits that would be involved on the new start business and if they weren't to have a nice results from their imagination you would see them abolished/erased that from their mind immediately and decides to starting up as employee.
As an entrepreneur it's always good to always overcome fear as fear as the major threat of every startup business.

But Nike exploits the idea of the "Hero" in his branding, and the hero is focused, maybe blinded, by the reward.

In the case of the OP that reward is economical and of prestige, but apart from "just doing it" and neglecting the lions, demons and dragons that you can meet in your way, thinking twice about the business model and writing down a business plan is not such a bad idea either.

Even in most cases of people who started their business with a MVP and were successful, they were aware of what they were doing. IMO there must be a balance between audacity and knowledge in order to maximise the odds of success.

@OP, I have a new business idea that I want to expand this year but It's not possible to start in a little way no matter how you try to reduce the expense and cut cost, the capital is actually very high which I am so much in doubt if there's any means I can be able to raise the capital unless I will choose to do something different. So, what am trying to say is that, some persons can actually have a big goal for this year but if that particular goal can not be archive because of the unavailability of the start up capital, the person should choose something simpler and do instead of not doing anything and hoping. If you keep hoping, you might not archive anything and the year will still come to an end, time wait for no body.

And after planning there must be a first step that we must start, because some people only make plans while they do not dare to start the first step to start implementing the plan that they have arranged neatly. This requires a mentality to take a risk, thoughts that always interfere must be there, such as what if it fails? what if something happens? and other thoughts. Well, usually we are too afraid, this is not telling other people, but I myself still have thoughts like that. But maybe now I can be braver to fight the thoughts that are actually obstacles for us. This is indeed something natural when we have thoughts like that, but if we don't fight it, then we will never do anything.

To start something requires a plan and maturity because to achieve success requires hard work with much more consistent efforts. If capital is an obstacle in implementation, then do small things first and continue to develop slowly so that we have experience when we have much larger capital. Business in conditions like now is not easy to run because having small capital will make it difficult for us to compete with businesses that have been developing for a long time because they have sufficient resources.

The most important thing is to try harder and be consistent because even though the competition is tough there is still a way when we want to do it seriously. See the opportunities and do it right so that the business can run slowly to achieve success because if we don't start then we never know whether it is successful or not in its implementation.

What I always tell people is that procrastination is not good and it can even delay somebody's success from achieving their goal because when they have an amount of money that has the value to start up small they decided to postponed to when they will have big before they realizes, a plan that should have taken effect a month will expand to years, so actually since a lot of people has seen what procrastination has done to them, they shouldn't allow it on this new year we have just come into, so this should be a year of action instead, starting small is even the best because it helps the person to way their capability on the business.

Every new start of the year has always looked promising but it's what we do or make of it that will tell at the end of the year about that. Some people are just good in making resolutions and business plans as the new year begins but to put in work sufficiently in achieving those resolutions and plans becomes a problem for them. Tough as life could be we also need to act tough in approaching life challenges because the competition to the top is not an easy path.

It's good to plan to retire early but from what you're saying I don't see how you intend to achieve that by depending on "if you had a sum of money". Money isn't made by wishing to have it but by going into a business or investing on some valuable assets with the potential to bring in ROI after a few years.
The difference between you and those successful people we have today is that while you stop at wishing, they took action towards their dream and didn't stop at just wishing they had a sum of money.

I actually don't have a strong urge to start a business. If I had a sum of money, I might choose to retire early. Maybe this is the difference between me and those successful people.

I feel just as the new year unfold everyone have laid out their demands and resolution about what they intend to carry out or achieve in the new year but it takes one who's is ready for all of it to accomplish that, but this new year looks promising with lots of packages in store and this is why everyone must bear in mind to take every necessary steps of the way in achieving that dream business or investment for the nearer future.

I agree, people should start making out plans and executing them if it is with business or investments. After the holiday haul, most people are left with no money and that's why the start of the year is like a calvary to them because they went all out. It shouldn't be like and holidays must be fun without compromising what you've got and by not letting in all of the money you've earned all year round. Stop this cycle and that's why planning out to make more money is much better for everyone to sustain this kind of lifestyle. But as for me, I'd refrain in going on to the tradition by being like a one day millionaire and losing all of the money that we've worked hard.