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Author Topic: Entrepreneurship is the only way out  (Read 361 times)
FlamingFingers
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September 23, 2018, 09:00:28 PM
 #21

On another side, governments are also "killing" entrepreneurship with high taxes. I know many small and very small companies dying because if the taxes. I also know people who have the idea, the market, the demand and everything needed to start but can't because once the taxes are paid the entrepreneur will be with a negative balance.

Me too, I am not saying it's up to the government to create a job for every citizen. If you have no job because you have no degree/diploma you're the only one to blame. We all have the same chance, the same school, the same teacher and the same pen to write. But governments shall help the economy by facilitating the entrepreneurship and it can be done by making things easier and cheaper
I absolutely agree with this. For example, where I live, the government is not only raising taxes on small businesses, but also services like electricity, land/place ownership, raw materials, etc. What makes things worse is that it is treating small businesses like big corporate, no difference, which crushes start–ups for good, and makes everyone with a good idea to start a business afraid, that in turn helps big companies to stay profitable and dominant.   

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September 23, 2018, 09:11:05 PM
 #22

Yes Entrepreneurship is one of the way out of unemployement, but the government do have a critical roles to play, by creating an enabling environment for entrepreneurs, easy access to loans, availability of  electricity, and policy regulation that can help to enhance the growth of entrepreneurs. 
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September 23, 2018, 09:53:54 PM
 #23

Its too simple to say everyone should be an entrepreneur, there will always have
to be employees and job seekers, without them an entrepreneur would stay only
as a "one man band."

Becoming an entrepreneur is not for everyone and there are a lot of considerations
to be mindful of, start up capital, a plan, marketing, cash flow, expansion being only
a few and of course not everyone has the ruthlessness, sacrifice and commitment
to be successful.

It is a governments interest to create employment, it generates revenue and prevents
a lot of social problems. There are many countries around the world where governments
create incentives to attract companies who are willing to create employment.

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September 23, 2018, 10:16:28 PM
 #24

Richest people aren't only rich because of their job offers and their company's profit. One factor that could also make a man rich is his intellect in Stock Exchange. Not all rich offers job or make job, some uses knowledge and their best to work alone while slowly gaining lots of income. And it is requires no experience in Entrepreneurship.
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September 23, 2018, 10:30:45 PM
 #25

Entrepreneurship is not for everyone, only chosen few gifted that can do business. Many of us wanted to have business because no wants to be a employee workers all of  our lives until we get old but there are certain qualifications before we involve in entrepreneur business and that's capital of course. It's best while young, do some saving while doing jobs and sustain it to the amount where it's time to put a small sideline business for the hard earned money.

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September 23, 2018, 10:38:58 PM
 #26

Entrepreneurship is not for everyone, only chosen few gifted that can do business. Many of us wanted to have business because no wants to be a employee workers all of  our lives until we get old but there are certain qualifications before we involve in entrepreneur business and that's capital of course. It's best while young, do some saving while doing jobs and sustain it to the amount where it's time to put a small sideline business for the hard earned money.
Of course its for everyone, its just so happen that your are being challenge by your current situation in life and of course some people refrain from taking too much risk. We should all have a business minded, this is the only way for people to become rich. Have your business ideas, save money and start taking risk. I’m also planning to put up a business hopefully to happen soon, so I can start earning more now.
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September 23, 2018, 11:29:25 PM
 #27

   Entrepreneurship is really the best thing to do to make money but sometimes the problem of being entrepreneur is not the knowledge and skills but the capital to start with it. In putting up  a some small kind of business is not so easy because it always needs capital. So ,before an entrepreneur you should be a worker to end enough money to start small business. You can make it out of cryptocurrency. Start gaining profit from decentralized and intangible asset like bitcoin then turn it into a tangible asset or use it to put up a business.

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September 23, 2018, 11:33:07 PM
 #28

it is true that entrepreneurship is one of the solutions for unemployment, but the problem for entrepreneurs is to find capital, if there is capital, the problem may not be too complicated, just think what he will develop in entrepreneurship.
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September 23, 2018, 11:40:13 PM
 #29

It is true, but some people needed experience and knowledge before they could have the confidence to start a new business and let's not forget about financial capital too.

With the competition on the market it's quite difficult to have a unique concept of service or product to be successful as well.

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September 23, 2018, 11:41:40 PM
 #30

Richest people aren't only rich because of their job offers and their company's profit. One factor that could also make a man rich is his intellect in Stock Exchange. Not all rich offers job or make job, some uses knowledge and their best to work alone while slowly gaining lots of income. And it is requires no experience in Entrepreneurship.
Stock exchange can be a big thing for those who know how to invest their but I think its still not enough. We must do a business, live in a life where you can manage people and also your time. Its about time to make a business now and try your luck there, don't just live forever with your job. Go beyond your limits Smiley
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September 23, 2018, 11:45:16 PM
 #31

Quote
It is true, but some people needed experience and knowledge before they could have the confidence to start a new business and let's not forget about financial capital too.


Not so much enthusiasm buddy. Smiley

You'll have a little to big bumps along the way but it will worth it. And the feeling of success is uncomparable as you see your business grow. Just have the guts and you know what they say, Calm seas won't make yoi a good sailor.

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September 24, 2018, 12:21:08 AM
 #32

I have been involved in so many arguments regarding unemployment and its causes. In some of the arguments, I realised that people generally attributes unemployment problem to the government. Some believe that the government should provide employment for every citizen. I personally don't think this is possible. While I am not attempting to defend any government for its failure to provide employment and basic amenities for her citizens, I also think some of the citizens too have not done enough to help their own situation.

You should know that there is hardly any government in the world that can provide job for all its citizens. It is only by entrepreneurship we can solve the problem of unemployment in any country. Whatever situation you find yourself, don't be perturbed. Try to identify your skills, examine your inner self, there is sure something you can do, a skill you can translate to business. It doesn't matter how little the business might be from the start, think of as little capital as possible, and then grow from there.

You have a role to play for yourself and your country.
Try to be a job creator and not a job seeker.

Think entrepreneurship today, think job creation, for it is the only way out.


p.s. Don't forget, the richest people in the world today are Entrepreneurs.
Not the only way. But entrepreneurs are the way out legalized. They easily prove income, I know there are many people make money through MMOs and it is difficult to prove their income.
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September 24, 2018, 12:45:47 AM
 #33

There are many factors that cause unemployment- things like high inflation, companies getting bankrupt, high percentage of loans, corruption etc. In another words if your government is ineffective, and even if you have the most brilliant idea to start your own business, you may still likely fail because of the failures of your government. Government has to create comfortable economical conditions so that you would to perform well as an entrepreneur. 
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September 24, 2018, 02:40:49 AM
 #34

On this topic, it's also very liberating and empowering to work for yourself.  I have done so in various ways, starting small businesses and projects frequently.  There are few things more motivating than having control of all the products of your own labor.

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September 25, 2018, 04:12:37 PM
 #35

Entrepreneurship was proven and tested that each of entrepreneur who became successful are no doubt can give a big help to our economy, then aside from it, they also give an opportunity to someone else to have a job according what they need to their business. Though, Entrepreneurship is for everyone but not all are chosen to become an entrepreneur.
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September 25, 2018, 05:06:37 PM
 #36

I also know people who have the idea, the market, the demand and everything needed to start but can't because once the taxes are paid the entrepreneur will be with a negative balance.

Aren't you supposed to pay tax over that what you generate in revenue and profit? How does one in that case end up with a negative balance?

I know that in some cases it's not easy to remain operational when you have started up for yourself, but most of these people fail because of external expenses and not necessarily tax hits. The main problem here is that you can't consistently generate income through your business (especially in the early stage) while your expenses are near identical in amount and consistently recurring every month.

The only thing you can blame the government for in this case is that they aren't giving starters more space and lower taxes during their initial year. Let people comfortably build up a foundation where after that you can still squeeze every penny out of them in form of taxation.

It depends on the structure and the size, but many companies pay a forecast on their income. The government assumes that your company will earn $xxxxxx over the next 6 months and therefore charges you accordingly. After 6 months they make a count and deduct. But companies need the money now and not in 6 months.
Also if you hire people no matter the company income, the tax related to your employee stays the same, since you pay the worker the same fixed salary

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September 25, 2018, 05:15:08 PM
 #37

Entrepreneurship was proven and tested that each of entrepreneur who became successful are no doubt can give a big help to our economy, then aside from it, they also give an opportunity to someone else to have a job according what they need to their business. Though, Entrepreneurship is for everyone but not all are chosen to become an entrepreneur.
All are impossible to choose the entrepreneurship because lack of knowledge in business administration. But peoples are only need money so without money we are all empty vessels in the world. So we take some effort in all the platform and labours are more supportive character in all the business. So we should support every interested peoples.

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Joshi7
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September 25, 2018, 06:09:11 PM
 #38

Especially in the times of new and merging technologies you should always look for opportunities to start your own business. In my opinion there is still plenty room to start up a business with for example Social Media, Google Ads and websites. You can teach yourself all this skill basicly for free if you search for all the courses and materials people have been uploading on these and you could start to help smaller local business, because you will have a bigger impact there and they are mostly underdevelopment in this areas.

Be brave - try it out.

Best luck to everyone that is - like you put it - a job creator rather than a job seeker.

Cheers.
spiker777
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September 25, 2018, 06:32:24 PM
 #39

it is true, I think if you look at the average salary of those who are self employed and compare it with the average employed salary in the US, I would expect that it is a fair amount higher. Therefore if somebody has a good idea to employ themselves, it is likely to turn out better than seeking employment, should it be successful.

Nolimitz84
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September 25, 2018, 07:58:46 PM
 #40

I agree with you that many people simply do not want to do anything and develop.They only complain about life and do not look for opportunities for growth.But you know that to become an owner you need money.And not everyone can find them.This should also be taken into account.



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