Entrepreneurs, money and investing - your culture

[el kaka22]

In the country, I live there is a big small business type of situation. If you want to start a startup and want to make money from an app then it doesn't seem like a good idea, but if you want to start a grocery store or like a convenience store or a shoe store or whatever then you are suggested and supported. If you have a "shop" then it would be great because everyone supports that, even banks do give loans easier to those type of companies as well and that is the type of thing that most people do as well, it is definitely something that many people do here as an entrepreneur instead of a startup.

If you want to start a startup though, then it becomes harder because people do not like stuff that doesn't make any profit at all for years and get investments and sell some part of the company in return. Why would anyone invest to you if you are not making any profit for years, that is what people think. Amazon didn't make a profit for 10+ years and yet they got investors, they cannot understand that.

[LUCKMCFLY]

In the country I was born in, speaking of money is even considered bad taste among those who consider themselves entrepreneurs or owners of companies or property. When making business plans, there is much speaking about mission, objectives and there is an underlying belief that only there is certain social class that is legitimised to do business. Also, inverting in stocks is considered a merely speculative activity, that is the closest thing to gambling and only for the greedy.

This way of thinking does not do compel people to seek financial education or try to build a business. What about your country?

In my country, undertaking is an obligation because if not the system makes you starve, the culture has changed a lot, after being a really rich country it became one of the poorest in the world, so normal work by companies or similar already It is not profitable, now what is most sought to do is any type of business, no matter which one, what matters is being able to generate money and produce, the bad thing is that the professional activity was totally affected, being a professional does not cause any kind of good life, what now arises is any type of business to survive and to look for particular improvements.

[oHnK]

In the country I was born in, speaking of money is even considered bad taste among those who consider themselves entrepreneurs or owners of companies or property. When making business plans, there is much speaking about mission, objectives and there is an underlying belief that only there is certain social class that is legitimised to do business. Also, inverting in stocks is considered a merely speculative activity, that is the closest thing to gambling and only for the greedy.

This way of thinking does not do compel people to seek financial education or try to build a business. What about your country?

In my country, undertaking is an obligation because if not the system makes you starve, the culture has changed a lot, after being a really rich country it became one of the poorest in the world, so normal work by companies or similar already It is not profitable, now what is most sought to do is any type of business, no matter which one, what matters is being able to generate money and produce, the bad thing is that the professional activity was totally affected, being a professional does not cause any kind of good life, what now arises is any type of business to survive and to look for particular improvements.

I hardly believe that there are still countries that have such a culture. However, to be honest even though in my country it's not like that culture it's just that here it becomes rich and changing is richer is the form of the person's privileges. The government promotes the campaign to start investing from an early age. But the campaign was not supported with the same opportunity anyway. That is, the poor who have been born to do business are rare and difficult to find because many factors support it.

[Cling18]

In the country I was born in, speaking of money is even considered bad taste among those who consider themselves entrepreneurs or owners of companies or property. When making business plans, there is much speaking about mission, objectives and there is an underlying belief that only there is certain social class that is legitimised to do business. Also, inverting in stocks is considered a merely speculative activity, which is the closest thing to gambling and only for the greedy.

This way of thinking does not do compel people to seek financial education or try to build a business. What about your country?

Our country was used to be like that where on rich people could grow and foster when it comes to businesses but things have changed when poor citizens persevered and endured all the tests of time to surpass the capability of rich and high educated people. Everyone here is now fair and we're free to put up any kind of business that we want. No matter what your status is, you could put up a business with a good foundation out of your capital.

[eaLiTy]

In the country I was born in, speaking of money is even considered bad taste among those who consider themselves entrepreneurs or owners of companies or property. When making business plans, there is much speaking about mission, objectives and there is an underlying belief that only there is certain social class that is legitimised to do business. Also, inverting in stocks is considered a merely speculative activity, that is the closest thing to gambling and only for the greedy.

This way of thinking does not do compel people to seek financial education or try to build a business. What about your country?

I cannot take about the entire country as everyone is an individual and everyone has their thought process on how to handle things and your opinion does not mean it is followed by everyone in your country, i can only talk about the things in my family. There is no restrictions to discuss and we used to have a healthy discussion about everything including politics or the finance sector.

Investment is not mere speculation, you need to work hard on collecting information around the globe and you need to have the patience to learn and monitor the current affairs to be successful in any form of investment.

[avikz]

In the country I was born in, speaking of money is even considered bad taste among those who consider themselves entrepreneurs or owners of companies or property. When making business plans, there is much speaking about mission, objectives and there is an underlying belief that only there is certain social class that is legitimised to do business. Also, inverting in stocks is considered a merely speculative activity, that is the closest thing to gambling and only for the greedy.

This way of thinking does not do compel people to seek financial education or try to build a business. What about your country?

In my country, you need to have a political pet if you want to run a business successfully. Also you need to manager the demands from the local authorities and police forces and beaurocrats. But if you can manage a political pet, everything else gets managed. Even the enforcement agencies can't touch you.

Moreover, if those people who has a great political connection can make and manage a good business and can make money in millions. But rest everything is just the game of balancing the clients and the authorities.

[BITCOIN4X]

There are quite a number of intelligent people my age in my country especially where I live, but most of them are unemployed. They are educated people but the lack of jobs makes them have to be unemployed without getting an income. Talking about money and business may not really affect their interest because of the lack of venture capital they have so it is difficult to talk things over with these people especially about business and investment.

I once tried to tell them about bitcoin and crypto investing, but they denied that this was an activity that was never good for them. The investment culture is still pretty low here, so I think it will be difficult to get them to have a thriving mindset to make a profit for them. I live in a village of 500 inhabitant, but I feel less than 10% of them are interested in investing.

[kawetsriyanto]

Each area may indeed have its own characteristics.
different from in my area, where money, position, and work are still very much considered as one of the foundations for a person to be successful or not.
even someone who is successful in my area is mostly for people who are elected to civil servants with salaries (which are actually mediocre) but will have a fixed pension fund.
Even an entrepreneur who is just starting his business will be underestimated.
especially if the privately-owned business is a business that is still common in their eyes. Even though the activities involved in the crypto world are like this, even though the results are quite large and exceed the salaries of civil servants, they are still underestimated.
And when setting up a business, what other people will see is how big the business is, how many employees, how nice and spacious the office is, and how much money it makes.
Yes, it's sad, but we live in a society where we can't force their minds.
Just focus on what we do.

[Kimonoe]

The same thing happened in my country, where stock investment is still ambiguous, where there are still many who argue between halal and haram. Many of them think that real business is the best business, and many government employees think that they are successful people

[Victorycoin]

According to the culture of our country, banks are still our main source of credit for business loans rather than stock investments but the problem is that banks are often reluctant to lend to new ventures capitalist companies can be an alternative. Such organizations are keen to collaborate in implementing a new business idea full of risks but now crypto is becoming more popular for investment there is no argument between halal and haram. Government employees invest here.

[oHnK]

I once tried to tell them about bitcoin and crypto investing, but they denied that this was an activity that was never good for them. The investment culture is still pretty low here, so I think it will be difficult to get them to have a thriving mindset to make a profit for them. I live in a village of 500 inhabitant, but I feel less than 10% of them are interested in investing.

You remind me something which made me to be now. For the first time I learned about investing in crypto. I cant believe easily, I just read every articles which is contain about crypto but never be brave to start investing. I dont have any capital to start it. Then, someone forced me to start it and gimme his money to be my first capital which i invested. Im forget when the time exactly, but I remember that he gave me 0.001 BTC at the time and I tried to sell and buy others altcoin. Now, I have feel the benefit of investing and I write this story just because wanna explain  from my side. Why they are hard to start investing in business or others especially crypto, the answer is they haven't felt the benefit yet. I dont wanna moke them, but if they have felt the feeling, I believed they will sacrife what they have to earn much money from investing.

[YOSHIE]

This way of thinking does not do compel people to seek financial education or try to build a business. What about your country?

Most Chinese are like that, I know they are too focused on business, economy and money, that's a principle that the Chinese have instilled (trade).

Maybe almost countries have the same principles in your country (business and money), but education is also needed, but what happens in your country is not much different, the same thing happened where I was born, tend to be people who are successful in business and a lot of money, including the most respected and successful people.

[iv4n]

...
This way of thinking does not do compel people to seek financial education or try to build a business. What about your country?

Well, did you notice a difference between the south and north parts of the country?! Like in some countries, in Serbia where I live north is rich and south is poor as well! So it's hard to talk about the entire country when things are not the same for all of us!
I am on the south side, and I know people who started some kind of commerce business and they made money like that, money they have they invest in their own shops and stores, but I don't know anyone who is trading stocks, who is investing in different companies, new projects around! Only when I started with crypto, I start to learn more about all that closely... and after many years of talking about that just two people now have and hold crypto and they actively invest in long-term projects! All others didn't believe in my words and they were making a lot of fun about that! Of course, now with these prices they don't make fun of crypto anymore!  

[kryptqnick]

In the country I was born in, speaking of money is even considered bad taste among those who consider themselves entrepreneurs or owners of companies or property. When making business plans, there is much speaking about mission, objectives and there is an underlying belief that only there is certain social class that is legitimised to do business. Also, inverting in stocks is considered a merely speculative activity, that is the closest thing to gambling and only for the greedy.

This way of thinking does not do compel people to seek financial education or try to build a business. What about your country?

It's quite similar in my country as well. People don't talk about money and feel uncomfortable around questions about money. We are not taught at schools or universities how to manage our budget, how not to fall for scams or how to be an entrepreneur. I had Economics as a subject both as school and at university, but even being a straight-A student I barely learned anything useful there, and actually learned way more about financial matters from real life and from this forum. But these days there are NGOs that aim at teaching the basics of financial literacy at schools, and there are some educational resources available for those who want to start a business, but I don't know if they're any good because business was never of interest to me.

[SquallLeonhart]

It's quite similar in my country as well. People don't talk about money and feel uncomfortable around questions about money. We are not taught at schools or universities how to manage our budget, how not to fall for scams or how to be an entrepreneur. I had Economics as a subject both as school and at university, but even being a straight-A student I barely learned anything useful there, and actually learned way more about financial matters from real life and from this forum. But these days there are NGOs that aim at teaching the basics of financial literacy at schools, and there are some educational resources available for those who want to start a business, but I don't know if they're any good because business was never of interest to me.

Unfortunately there is no "finance" class in most nations. There are situations where you learn a few small thing here and there, but not really a whole class. We do not learn about finance the same way we learn math, history, hell even PE which I believe is not really that important, make everyone walk 30 minutes before class each and every day and you do not need PE class, that is good enough work on your body.

In any case, there could be some nations that does have finance, but it is not a lot. I personally feel like we do not have too many business and money related class because school suppose to be a place where it raises workers and not leaders.

[Zilon]

I my country the era of investment isolation is over currently the are more younger people investing in various business. After we faced lack of job opportunities for years even after graduating from high schools so many has declined government jobs to get involved in entrepreneurship and a whole lot are doing well to that regard.

After the success of a few young persons who excelled in their various investment options we had a massive turn up of more people irrespective of class difference because we also saw there was actually no limit to what a man's mind can imagine

[romero121]

In my country young people are much more innovative and has wider plans. Something that restricts them from being an entrepreneur is the support from the government. This is all because of internal politics, because the authority who has the right to support a development or innovation wants someone of his caste to get involved. Maybe this can be seen widely on other countries too. In recent days more number of young people have moved to foreign countries to get recognised.

Maybe this will change someday when the government starts to function corruption free and without any discrimination. Compared to the past nowadays parents are highly supportive to the children to innovate, get into businesses and turn to be entrepreneurs.

[michellee]

If we talk about stocks, not many people in my city talk about that, especially if they are not in their community because other people who do not know about stock will not feel right. Maybe if they are in their community, talking about money will not be a problem and even that will give them more spirit to discuss more.

Maybe it looks weird if we talk about stock with other people as they do not know what we are talking about. But people will want to learn about how to build a business and how to make more money.

[2double0]

People come from various countries in my country to learn about business and agriculture. The society here thinks that we must not ask for anything but earn it, so they teach us from childhood the practicality of life that we are our own architect who decide, make and architect the way our life should be spent as. The discipline taught here will never be forgotten and always help the people who learn it by heart.

[RondoAnyar]

this all depends on the mindset of each person.
when it happens in your country like that, it's actually indirectly the mindset of the person who makes such rules and restrictions so discussing money is considered taboo.
because indeed they have made standards and limits on this, and maybe it won't even be strange when their children and families will think the same because this is gradually becoming a doctrine that will continue to exist from generation to generation when no one changes it.
and things like this become very difficult when someone who does have his own point of view will later be considered a strange person because he is out of his comfort zone.
but it's still better when talking about it, at least in your country there is still about the property business which is indeed quite good among some people, compared to some countries that are really looking for work, it's very difficult, don't you talk about their business mostly for tomorrow's meal just still confused.