Rockstarguy
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December 08, 2023, 09:44:00 PM |
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I think everybody wants to have their own business but the fund to start something is where the problem lies. It is easy for us to say we are going to do this and do that even after planning but we might not have the funds to keep that dream burning because of so many factors that includes, what to produce, how to produce, where to produce, fund to enable production etc. This is one of the reasons why so many projects and investment keeps falling apart because yo get a rea answer to this could be very difficult or challenging to us even though we have the capital.
Sometimes starting a business is not about having a big capital first, the main challenge of some people in starting business is good managing by starting small but they are not aware of this. I know businesses and companies that started small but they were able to manage their small capital to stand big. Some people who want to start business can be given a huge capital but it will still be challenging for them to manage the fund they have for the business. I don't always conclude that capital is the only thing people need for a business to stand , good managing is what should never put aside when considering in business to grow and to stand in the future.
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erep
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December 08, 2023, 10:11:29 PM Last edit: December 08, 2023, 10:27:50 PM by erep |
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Sometimes starting a business is not about having a big capital first, the main challenge of some people in starting business is good managing by starting small but they are not aware of this. I know businesses and companies that started small but they were able to manage their small capital to stand big. Some people who want to start business can be given a huge capital but it will still be challenging for them to manage the fund they have for the business. I don't always conclude that capital is the only thing people need for a business to stand , good managing is what should never put aside when considering in business to grow and to stand in the future.
That's right, capital is not the only priority for building a business or company, but they must have the ability and management skills to advance their business better than other competitors, they can develop small businesses without spending large amounts of capital and having to undergo "trials" and error “to improve our ability to develop our business, because we need a lot of new experience to support business development and we have to update every new business strategy according to market needs. I often see many people opening big businesses (Cafee) but they have no ability to manage finances and no expertise in business, their business only gets a response from the first few months the business has been launched but they lose customers because of business competition, but they can't manage business when their business is in crisis because they have no other option to maintain the business.
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panganib999
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December 08, 2023, 10:31:12 PM |
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I say that is true, cause at the very least you'd knock the "mastering a craft" step out of the park easily if you have something you are already good at and you made it into something profitable. On the other hand, this wouldn't be the case if you're looking for a job tailor-fitted to a specific need/niche. Plus you also get the bonus of being able to rate your own since the industry's not yet used to how much you should be paid. The only problem with inventing a job is looking for people who need you. There's a saying in my country which goes: "If it's not invented yet, it probably was, but it didn't work". Which goes so well with this particular scenario. You're in over your head thinking you got all your ducks in a row, until you realize that people wouldn't be so willing to pay for a craft that's not even in the market yet.
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Assface16678
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December 08, 2023, 10:56:23 PM |
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I think everybody wants to have their own business but the fund to start something is where the problem lies. It is easy for us to say we are going to do this and do that even after planning but we might not have the funds to keep that dream burning because of so many factors that includes, what to produce, how to produce, where to produce, fund to enable production etc. This is one of the reasons why so many projects and investment keeps falling apart because yo get a rea answer to this could be very difficult or challenging to us even though we have the capital.
Sometimes starting a business is not about having a big capital first, the main challenge of some people in starting business is good managing by starting small but they are not aware of this. I know businesses and companies that started small but they were able to manage their small capital to stand big. Some people who want to start business can be given a huge capital but it will still be challenging for them to manage the fund they have for the business. I don't always conclude that capital is the only thing people need for a business to stand , good managing is what should never put aside when considering in business to grow and to stand in the future. True, but it's more important to know that business or building your own job is not for everyone. As you say, business requires good management, but we know that not all people have the knowledge to manage a business, or by nature, they're really not for business. That's why there are businesses that face bankruptcy. The thing is, business is a real challenge, like in bitcoin or crypto currency. It is risky without a detailed analysis of what your business is and what will be your business, and you will never survive in it. There are many things to be considered before you can start a business. One thing is capital. Building a business is risky, and if you loan that capital, then it makes things more risky. It's good for the economy to have many people start businesses because it can produce more jobs, but the thing is, it's not that simple.
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Lorence.xD
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December 08, 2023, 11:47:57 PM |
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I think everybody wants to have their own business but the fund to start something is where the problem lies. It is easy for us to say we are going to do this and do that even after planning but we might not have the funds to keep that dream burning because of so many factors that includes, what to produce, how to produce, where to produce, fund to enable production etc. This is one of the reasons why so many projects and investment keeps falling apart because yo get a rea answer to this could be very difficult or challenging to us even though we have the capital.
Sometimes starting a business is not about having a big capital first, the main challenge of some people in starting business is good managing by starting small but they are not aware of this. I know businesses and companies that started small but they were able to manage their small capital to stand big. Some people who want to start business can be given a huge capital but it will still be challenging for them to manage the fund they have for the business. I don't always conclude that capital is the only thing people need for a business to stand , good managing is what should never put aside when considering in business to grow and to stand in the future. The first thing to have when a person really wants to start a business is passion and motivation, without his will to achieve his goal probably he wouldn't exert effort to build his business. If you have this you would really find ways to build your business, like gaining some knowledge by attending seminars, online, mentors, etc. Capital is one of a problem that you would need in building a business unless you are a company cause you would need huge capital, but if you are starting on your own, you can start with any resources you have as you are the boss of your building business, you can make your small funds into huge if you are knowledgeable and skillful.
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fullhdpixel
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December 09, 2023, 08:32:03 AM Last edit: December 09, 2023, 12:25:02 PM by fullhdpixel |
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If you look at those around you, the majority choose “finding a job”. This is simpler and easier to implement, there is stability and regularity, and also, all responsibility and risks are assigned to the employer. But the significant disadvantage is that the final (total) reward is less if you “inventing a job”. And the main problem with “inventing a job” is that only a few can do it (it requires the necessary skills, abilities, natural inclinations and talents, and most importantly, luck), just as very few achieve success. There are many cases around when attempts to “inventing a job” ended in failure and unprofitability, up to bankruptcy, loans and debts. In this case, it is better to “finding a job” if your “inventing a job” leads to a worse financial situation than if your choice was “finding a job”.
It is obvious to everyone that there is no universal answer when choosing between these options. But I would like to focus on the fact that even for each individual person, at different periods of life, this choice can shift from “finding a job” to “inventing a job” (in different directions).
The question of choosing only arises if you have both options in front of you and it's up to you to choose one of them, but in most cases, people have no options and no choice which is the reason why they have to go with finding a job. Inventing a job means starting a business of your own where you are the boss and not working under someone, and not everyone can afford to do that because of a lack of resources and a proper or enough budget to go with it. I don't think that a person with the right mindset will choose a job over a business if they are given the option to choose one because anyone would know that a job isn't better than a working and running business, there are countless limitations when you are an employ compared to when you are managing your own business.
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EluguHcman
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December 09, 2023, 10:30:32 AM |
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Normally no means of incomes profitablity is beyond creating oneself with a job. Finding ourself a job is never limited to Considering terms and conditions which are likely inconvenience to an employee instead you adopt to accept the situations tolerably and also, at the risk of job lost either at the employees awareness or unaware of impromptu effect. And surely on the virtue of retirement in matter of time.
But creating oneself with a job is being your own boss whereas, you makes the rules of Terms and Conditions, you decides how your organization would be run, you have as an employer has the employees working for you as the CEO and rightfully limited to retirement unless you chooses to but has a potential stress of management for adequates governance to limit loses but maintains profitablities.
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Manny@11111
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December 09, 2023, 05:23:41 PM |
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Really liked the way you put it ''as whatever decision you make comes with its own pros and cons. Like a wise man once said that inventing a job is more lucrative, enjoying and self serving than securing job employment but inventing a job is more riskier than the other because you have to create a value and expect those values to be accepted by the target market it's intended. What is more riskier in inventing a job is capital and once you didn't get it right it might be catastrophic and you might not come out of the hole it might dig for you but if all this can be surmounted then is the best.
For job employment, inasmuch it guaranteed your monthly income it also makes you lazy not to think outside the box for yourself but for the owner of the job and as such you might not be able see beyond your daily routine.
From my own experience I tried to raise cash from my paid job to invent the job I want and grew it over the years before resigning to face it when I knew the job is enough to generate double my salary and by that time I needed more time to make more. With this model I didn't have to borrow money to fund my investment.
I will always prefer people to invent what they want to do compare to securing paid employment but they need to understand risks involved, how to secured finance for it and they also need to have fallback options if things didn't pan out as planned I also know that is not everyone that have business mind but with the way global economy is receding where job opportunities are limiting on day to day basis I believe creating value no matter how small is the way to go.
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Obari
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December 09, 2023, 07:41:13 PM |
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Normally no means of incomes profitablity is beyond creating oneself with a job. Finding ourself a job is never limited to Considering terms and conditions which are likely inconvenience to an employee instead you adopt to accept the situations tolerably and also, at the risk of job lost either at the employees awareness or unaware of impromptu effect. And surely on the virtue of retirement in matter of time.
But creating oneself with a job is being your own boss whereas, you makes the rules of Terms and Conditions, you decides how your organization would be run, you have as an employer has the employees working for you as the CEO and rightfully limited to retirement unless you chooses to but has a potential stress of management for adequates governance to limit loses but maintains profitablities.
Developing skills will push one to become promising and proficient in accompanying primary objectives. Getting a well pay salary have nothing to do with getting self employed, no one controls your profits other than yourself. Working under someone who bosses you around is never the plan, one will always be busy and commited to his or her job and will be punished for whatever slight mistakes or errors made in the process. There's nothing as tender as getting self employed and earning good salaries, everything going straight to your very own pockets.
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Sanitough
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December 09, 2023, 07:50:46 PM |
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Inventing your own job and being the boss of your own self is probably the trend these days. A lot have been successful and living comfortable lives having their own jobs at home or anywhere of their own place, than being employed to a company where your opportunities to grow and increase your profitability is limited. Gone are the days where one should have a stable job in a company and makes a fixed income, because today people have even more dependent on their side hustles because the profits are undeniably bigger than what they gained from their stable jobs.
However, still we can see some people chose to be employed and get satisfied with their limited profits. Most likely, they're the old ones that probably we can say that they are already get used to their jobs and changes might not be welcome anymore.
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Pablo-wood
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December 09, 2023, 09:29:34 PM |
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But I will like to ask can one invent a job when they haven't worked for sometime to gather experience. Inventing a job is the best approach to today's harsh and and hiked economy but one needs to have an idea of whatever innovation they might want to introduce to the society and as such the will start by getting a job first
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stomachgrowls
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December 09, 2023, 09:46:49 PM |
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Inventing your own job and being the boss of your own self is probably the trend these days. A lot have been successful and living comfortable lives having their own jobs at home or anywhere of their own place, than being employed to a company where your opportunities to grow and increase your profitability is limited. Gone are the days where one should have a stable job in a company and makes a fixed income, because today people have even more dependent on their side hustles because the profits are undeniably bigger than what they gained from their stable jobs.
However, still we can see some people chose to be employed and get satisfied with their limited profits. Most likely, they're the old ones that probably we can say that they are already get used to their jobs and changes might not be welcome anymore.
Easy to say but it would really be the toughest thing to be done by someone.Yes, there's someone who did able to make such thing successfully and did really bring a huge changes into their lives on which it would really be just that normal that they would really be having those kind of probabilities on making themselves changed up when it comes to finances since they've taken up the risks and not someone who had just simply sitting down and wait up for something. You could really be your own boss with your own company or business, the question is. How you would be able to start up? What business you would be planning to build on? Knowing that in every business or venture then there's so much things which you would really be needing to mind on on which you would be mainly thinking about those products and services you would really be that trying out to make and come to think that competition is high and it is really just that normal to be one of the main risks when building up a business. Its not an easy path to take but if you are really that eager on making yourself that better in terms of finances then it wont really be that bad to try until you do succeed but you should really be that realistic on whatever you are dealing with since not all would really be turning out to be successful.
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n0ne
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December 09, 2023, 11:50:20 PM |
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Normally no means of incomes profitablity is beyond creating oneself with a job. Finding ourself a job is never limited to Considering terms and conditions which are likely inconvenience to an employee instead you adopt to accept the situations tolerably and also, at the risk of job lost either at the employees awareness or unaware of impromptu effect. And surely on the virtue of retirement in matter of time.
But creating oneself with a job is being your own boss whereas, you makes the rules of Terms and Conditions, you decides how your organization would be run, you have as an employer has the employees working for you as the CEO and rightfully limited to retirement unless you chooses to but has a potential stress of management for adequates governance to limit loses but maintains profitablities.
Developing skills will push one to become promising and proficient in accompanying primary objectives. Getting a well pay salary have nothing to do with getting self employed, no one controls your profits other than yourself. Working under someone who bosses you around is never the plan, one will always be busy and commited to his or her job and will be punished for whatever slight mistakes or errors made in the process. There's nothing as tender as getting self employed and earning good salaries, everything going straight to your very own pockets. Working for ourselves makes us more productive than working under a boss. In simple based on how hard we work will be the betterment of our life. With a day job we just do what is being assigned and we get the regular pay. This is low riskier compared to the risky way of having our own job. Another thing we need to manage different departments, which makes us to know more about the respective product/service than just a small part of the service.
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TopT3ns
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December 09, 2023, 11:55:27 PM Merited by fillippone (1) |
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Working for ourselves makes us more productive than working under a boss. In simple based on how hard we work will be the betterment of our life. With a day job we just do what is being assigned and we get the regular pay. This is low riskier compared to the risky way of having our own job. Another thing we need to manage different departments, which makes us to know more about the respective product/service than just a small part of the service.
If you have skills and have high creativity, then working alone will be better, but if you don't have that, it will be difficult to get money. As a first step, it's a good idea to work for a company so you can collect capital, increase your experience, and make as many friends as you want. You can then start your business when you already have your own skills, because when you immediately open your own business, you will need capital, and of course, experience will be an important teacher for success in the business being developed.
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TimeTeller
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
December 09, 2023, 11:57:28 PM |
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Working for ourselves makes us more productive than working under a boss. In simple based on how hard we work will be the betterment of our life. With a day job we just do what is being assigned and we get the regular pay. This is low riskier compared to the risky way of having our own job. Another thing we need to manage different departments, which makes us to know more about the respective product/service than just a small part of the service.
If you have skills and have high creativity, then working alone will be better, but if you don't have that, it will be difficult to get money. As a first step, it's a good idea to work for a company so you can collect capital, increase your experience, and make as many friends as you want. You can then start your business when you already have your own skills, because when you immediately open your own business, you will need capital, and of course, experience will be an important teacher for success in the business being developed. Most newcomers in the workforce would find it hard to create his own job, thus looking for a job make come easy. As you acquire skills, experience and knowledge, you will find out that you will feel you are ready to be a freelancer or create your own business. However, some are just contented being employed in a stable company receiving their regular monthly paycheck. Their aim usually is to have a good retirement savings as well as benefits they can receive after retirement.
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Mauser
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
December 11, 2023, 07:49:35 AM |
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Finding a job also has its pros and cons. One pro is that it does not require investment of personal assets. You are working for an organization and you will get paid at the end of every month. With that being said, it is hard to find a job nowadays. Less opportunities and competition have made it so hard that many people are staying at home unemployed after graduation. You need particular skills, knowledge and experience that are required in order to get that job.
So which one should it be? Do you take the risk and invent a job or do you want to keep running the race knowing the possibility of winning is very low and you may never reach the finish line?
Thinking back on how it was to find my last job, it would have been nice to just invent something that suits me better and pays more money instead of running to so many different interviews. The question for me would be how well is a new job that I invent myself going to be. Is it going to be secured for many years to come and will it provide a high enough salary to provide for me and my family? I would probably prefer to stay employed or try to find a decent paying job where I don’t have to worry so much. A high degree of job security with good benefits is important in the current time, where we face many crisis. So, when choosing between unemployment and inventing a new job it’s an easy choice. But when it comes to already having a secure job and trying something new with limited upside potential, I would probably stick my current job and value the security more.
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Fortify
Legendary
Offline
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Merit: 1198
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December 11, 2023, 10:41:41 AM |
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So as we are here, the world economy is in a mess. The world population is increasing, and the amount of land per person is decreasing. People are running out of options and opportunities. In this world the situation we are in right now, which one should you choose or have chosen? Both options have their pros and cons. I want to know from your experience, which one is better than the other. Are you satisfied with the path that you have chosen or do you have any regrets about it?
To explain it a bit more, inventing a job means doing something on your own and creating an opportunity for yourself. This could also include creating opportunities for others too. Those who invent their own jobs can design positions that are in line with their particular skills, interests, and values. This gives them a sense of fulfilment and autonomy that may not be available in traditional employment options. But it brings risks. In order to create or invent a job, you need investment. Each and every investment comes with risks and this is no different.
Finding a job also has its pros and cons. One pro is that it does not require investment of personal assets. You are working for an organization and you will get paid at the end of every month. With that being said, it is hard to find a job nowadays. Less opportunities and competition have made it so hard that many people are staying at home unemployed after graduation. You need particular skills, knowledge and experience that are required in order to get that job.
So which one should it be? Do you take the risk and invent a job or do you want to keep running the race knowing the possibility of winning is very low and you may never reach the finish line?
[NOTE: if this topic has been discussed before then let me know.]
This is the logic that every entrepreneur uses, often finding gaps in the market and capitalising it to the max, with as much speed as possible. If you are first to market and able to push your product far enough, then it can give you a huge advantage in the long term. That being said, it is not an easy task to create and run your own business, especially when you're doing it solo and it's often best to seek legal and accounting advice in the early stages of you're about to release a product or service. Having the right insurance is also key.
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slapper
Legendary
Offline
Activity: 2016
Merit: 1101
Leading Crypto Sports Betting & Casino Platform
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
December 12, 2023, 02:04:43 PM |
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Finding a job also has its pros and cons. One pro is that it does not require investment of personal assets. You are working for an organization and you will get paid at the end of every month. With that being said, it is hard to find a job nowadays. Less opportunities and competition have made it so hard that many people are staying at home unemployed after graduation. You need particular skills, knowledge and experience that are required in order to get that job.
So which one should it be? Do you take the risk and invent a job or do you want to keep running the race knowing the possibility of winning is very low and you may never reach the finish line?
Thinking back on how it was to find my last job, it would have been nice to just invent something that suits me better and pays more money instead of running to so many different interviews. The question for me would be how well is a new job that I invent myself going to be. Is it going to be secured for many years to come and will it provide a high enough salary to provide for me and my family? I would probably prefer to stay employed or try to find a decent paying job where I don’t have to worry so much. A high degree of job security with good benefits is important in the current time, where we face many crisis. So, when choosing between unemployment and inventing a new job it’s an easy choice. But when it comes to already having a secure job and trying something new with limited upside potential, I would probably stick my current job and value the security more. Creating your own profession involves more than simply the idea - it also requires a market demand, scalability, and financial sustainability. Autonomy is exciting, but there are a lot of unknowns involved as well. A stable job provides the steadiness that the present economy, with its unpredictably recurring crises, demands. It's about more than just a paycheck - it's about your family's safety net, your health benefits, and your piece of mind Conversely, it is important to acknowledge the possibilities of self-invented jobs. They can be immensely fulfilling on a personal and financial level. The issue still stands, though: is the risk worthwhile? You prioritized things like job security and benefits, which are important in these uncertain times. Thus, keep the long term in mind while assessing your selections. Does the security your present employment affords outweigh the potential benefits of a self-invented job? The devil you know is sometimes a better angel than the one you don't
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Accardo
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
December 12, 2023, 02:40:45 PM |
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Inventing your own job and being the boss of your own self is probably the trend these days. A lot have been successful and living comfortable lives having their own jobs at home or anywhere of their own place, than being employed to a company where your opportunities to grow and increase your profitability is limited. Gone are the days where one should have a stable job in a company and makes a fixed income, because today people have even more dependent on their side hustles because the profits are undeniably bigger than what they gained from their stable jobs.
However, still we can see some people chose to be employed and get satisfied with their limited profits. Most likely, they're the old ones that probably we can say that they are already get used to their jobs and changes might not be welcome anymore.
The trend of working on our side hustle is no longer a thread, it's now a reality. Many people quit their jobs to set up new businesses that yield high profits compelled to their office jobs. Despite the promising rewards or earnings of running a business, I'd say it's not meant for everyone. We are supposed to engage in activities that help us grow, if working for someone would do that, then it's not wrong. The crucial thing is, delivering our aspect of the jobs to the company or the audience we serve. Both are not simple. But, it's never advisable for a visionary who can't run a company to try it. Each person in the business world is expected to focus on the role he plays the best. Those who don't succeed in their journey of building a business, are not prepared in the first place. Trying to run a business, without an initial plan till the end of the journey, causes failure for the intending entrepreneur. Some may not know the right service to render in society, others won't have the patience to stick around, for long, when the journey is not going as planned. That's why you see lots of businesses and websites shutting down each hour, yielding more opportunities for expired domain vendors. In generating wealth, we must be good at detecting or predicting what society needs at a specific era. We can decide to do what a lot of people hate doing, it's a fast way of making money and building a fast-growing business. But, lots of business ideas, opened in the market, have been saturated. Therefore, tightening the possibility of such a business to succeed, due to lots of competitors. This affects the price of the sold product. So, when, one can't manage these risks of being fast in diversifying ideas, they can stay as employees in their respective companies like the old ones did. Instead of losing in both sides, the employee is on the right track working for his boss's business. The experience he gains, in the office, will help the employee in future to secure him more deals or start up a new business.
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eightdots
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
December 12, 2023, 07:14:27 PM |
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Inventing your own job and being the boss of your own self is probably the trend these days. A lot have been successful and living comfortable lives having their own jobs at home or anywhere of their own place, than being employed to a company where your opportunities to grow and increase your profitability is limited. Gone are the days where one should have a stable job in a company and makes a fixed income, because today people have even more dependent on their side hustles because the profits are undeniably bigger than what they gained from their stable jobs.
However, still we can see some people chose to be employed and get satisfied with their limited profits. Most likely, they're the old ones that probably we can say that they are already get used to their jobs and changes might not be welcome anymore.
The trend of working on our side hustle is no longer a thread, it's now a reality. Many people quit their jobs to set up new businesses that yield high profits compelled to their office jobs. Despite the promising rewards or earnings of running a business, I'd say it's not meant for everyone. We are supposed to engage in activities that help us grow, if working for someone would do that, then it's not wrong. The crucial thing is, delivering our aspect of the jobs to the company or the audience we serve. Both are not simple. But, it's never advisable for a visionary who can't run a company to try it. Each person in the business world is expected to focus on the role he plays the best. Those who don't succeed in their journey of building a business, are not prepared in the first place. Trying to run a business, without an initial plan till the end of the journey, causes failure for the intending entrepreneur. Some may not know the right service to render in society, others won't have the patience to stick around, for long, when the journey is not going as planned. That's why you see lots of businesses and websites shutting down each hour, yielding more opportunities for expired domain vendors. In generating wealth, we must be good at detecting or predicting what society needs at a specific era. We can decide to do what a lot of people hate doing, it's a fast way of making money and building a fast-growing business. But, lots of business ideas, opened in the market, have been saturated. Therefore, tightening the possibility of such a business to succeed, due to lots of competitors. This affects the price of the sold product. So, when, one can't manage these risks of being fast in diversifying ideas, they can stay as employees in their respective companies like the old ones did. Instead of losing in both sides, the employee is on the right track working for his boss's business. The experience he gains, in the office, will help the employee in future to secure him more deals or start up a new business. Yes, there are a lot of trends in starting a business today, but we don't know if they are good or bad. Following these trends without a plan can lead to mistakes. But there are people who have very different strategies for starting a business and those who follow them think that they will be successful in the same way. Everyone wants to own their own business and work in their own field, away from harsh environmental factors. But it bothers me to be told that this way of working guarantees more profit. We are always told that we will always make a profit, that everything will be better when you are your own boss. I know people who thought this way, but the results were not good and they lost their capital. I also know people who are happy that the results are good and they chose this path. It is fair to say that these things are not for everyone. Because as a result of the changes in the world, there are many businesses that were established without adequate planning or that cannot make a profit. Sometimes dreams and realities do not match.
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