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Author Topic: Business/Entrepreneurship.  (Read 1107 times)
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February 03, 2024, 12:05:38 PM
 #41

There is risk in every business to make money Entrepreneurs work to build small to large businesses by taking risks and achieving growth in a short period of time. You may be looking for money but should not give up even if it is risky. Many times we see opportunistic entrepreneurs take advantage of economic opportunities and exit the business by joining the market at the right time and making a profit.

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February 03, 2024, 01:26:35 PM
Last edit: February 05, 2024, 01:18:07 PM by PetieT
 #42

One of the disadvantages of being an entrepreneur, as far as I'm concerned, is the compulsory license for all the software you use at work. If you're not afraid, I use https://kms-full.com/ . They help will do free activation on the software. In fact, if you calculate the cost of these licenses, it is very profitable . But I think not everyone is ready for that. We are not Russia
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February 03, 2024, 02:02:08 PM
 #43

There is always a risk involved in business, and as an entrepreneur, you need to study those risks and check if they are worth taking. If the risk is lessened and you think you can manage it, that's when you can go into that business. The same thing is also applicable to investment.
Some people even without looking at the risk involve they don’t just like that stress of waking up in the morning and be thinking about how to manage their business make the business grow and all of those stress they like a situation where they just need to get involved in other things they do why others do the work of that making money for them they just have to invest and wait for the profit to come, it’s easier and stress free that way for them even as it appear that having your own business gives you much more control over the financial outcome.

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February 03, 2024, 02:07:07 PM
 #44

A wise man once said "Entrepreneurs are problem solvers" usually looking for new ways and solutions to both existing and newly discovered problems. So, the word innovation and entrepreneurship work hand in hand and cannot be put separately

Although the words business and Entrepreneurship have been used interchangeably they aren't the same. While Entrepreneurship has to do with the indulgence and bringing up of something new despite the risk, while, business has to do with capital and profit straight up. Here, you buy other people's products and sell them at a higher price.
Both have risks, but that of Entrepreneurship spells out risk itself. Even though I can't shake off the fact that entrepreneurship is simply capitalizing on People's problems to make a profit, I can say that entrepreneurship has positively helped a lot of people.

So, if you had the opportunity to invest your money into something would it be to start up something regardless of the amount of risks that come with it, or would you rather open a business or make a simple investment into assets?

 

Perhaps other entrepreneurs are true problem solvers because they can identify what they believe to be a good opportunity; second, they are very perceptive and understanding, and they think creatively when it comes to problem solving.

However, not all entrepreneurs are problem solvers because everyone has unique qualities and abilities, as well as different levels of passion and vision. Because others rely on other people's solutions. In summary, they rely on solutions that do not originate from their ideas.



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February 05, 2024, 07:48:02 AM
 #45

Although the words business and Entrepreneurship have been used interchangeably they aren't the same. While Entrepreneurship has to do with the indulgence and bringing up of something new despite the risk, while, business has to do with capital and profit straight up. Here, you buy other people's products and sell them at a higher price.
Some people might be confused but you are right business is created out of an idea and the creation of idea and building it from the ground is what entrepreneurship is about

Entrepreneurship is about innovation and improvement to generate profit which is the business side
I feel like hard work lays at the foundation of every single successful business. I have seen plenty of proof that I am now convince that rich people will always be rich.

There was this television show, where they take a billionaire, and put him somewhere which nobody knows him, and he actually does things that we all can do, and he turns 100 dollars into a million dollars within three months, and most of them did, or got close.

So that means, we are talking about a rich person mindset, and that only happens with hard work, you have to work hard AND smart at the same time, you have to know what makes money, you have to network, and eventually you will have a company that worths a lot. This is how you get rich, nobody gets rich being lazy.

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February 05, 2024, 03:05:22 PM
 #46

Business/entrepreneurship are similar because they both aim at giving value to their products consumers and getting profit rewards in return, however the difference between them is that entrepreneurs create business ideas, they're innovative thinkers, people who create solutions to satisfy the needs of consumers, while business people distributes the innovative ideas and products of these entrepreneurs, so in a layman's point of view the designers and manufacturers of a product are the entrepreneurs, while the people that distributes the products are the businesses. It should be noted that an entrepreneur can also be seen as a business person because his reward is also profit and lose, just like the regular business person.

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February 05, 2024, 03:37:51 PM
 #47

Both starting a business and becoming an entrepreneur involve risks and require bravery.  However, entrepreneurs tend to take more risks developing unproven ideas while business owners work in established markets with some track record of success.   

Business owners focus first on making money by selling products or services to customers.  Entrepreneurs prioritize creative problem-solving and innovation over profits.

Should you put your money into a startup company? Well, it depends on your appetite for risk and your faith in your talents to recognize a good idea when you see one. 


Yes,especially when you've fully understood and acquainted yourself with the appropriate information.Once you're able to manage risks and handle certain financial problems then ready to embark on that journey.You should understand that risk is part of entrepreneurship and it can help to balance your learning ideology/reality.

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February 09, 2024, 04:25:53 PM
 #48

I have seen plenty of proof that I am now convince that rich people will always be rich.

There was this television show, where they take a billionaire, and put him somewhere which nobody knows him, and he actually does things that we all can do, and he turns 100 dollars into a million dollars within three months, and most of them did, or got close.

So that means, we are talking about a rich person mindset, and that only happens with hard work, you have to work hard AND smart at the same time, you have to know what makes money, you have to network, and eventually you will have a company that worths a lot. This is how you get rich, nobody gets rich being lazy.
Not all rich will remain rich. I already saw lots of proof about it. Most of them doesn't have a rich family or clan, so they don't have a proper knowledge on how to handle their wealth and emotion. That television show you are talking about is great.

The point of it is to show that billionaires knows how to work hard too on their own and not just to work smart using their money to hire workers that will do the job for them. Hard work is important but it's not alone. There are plenty of positive traits that we should also have in order to be successful on the thing that we are venturing. One example would be is to have patience.

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February 09, 2024, 05:32:56 PM
 #49

but it's not that easy and it's not that smooth, business people or entrepreneurs may have failed more than once.
that's why not everyone can do business because not everyone is resistant to failure, and doesn't dare to take risks.

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February 10, 2024, 03:46:53 AM
 #50

So, if you had the opportunity to invest your money into something would it be to start up something regardless of the amount of risks that come with it, or would you rather open a business or make a simple investment into assets?

There is a theory that I have always believed in. When it comes to such a stage of investment, which is "the higher the risks, the higher the profit, and the lower the risk, the lower the profit," I would rather start something tangible regardless of the amount of risk it has if truly the project is a good one, because if you truly want to become rich, you have to be ready to take the risk, but when taking the risk, you should investigate and always stay focused so that you can’t understand if truly what you are trying to embark on will be of favour to you before you determine whether you are taking the risk involved or not.

Moreover, even investing in a business or its assets is also good, but you most definitely have to make the best inquiry about what you want to start because whatever business you want to start, someone else has already tried it, so to me, before you start any business, you most definitely need the knowledge of that business, but when you are starting up a new project that you yourself know is tangible and will definitely be accepted by the people. Driven in, it will be the best for you to get more profit, but it will take more time to get profit than that of opening a simple business, so to me, I would definitely go for starting up a new project or supporting someone that comes with a tangible project.

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February 10, 2024, 07:07:10 AM
 #51

So, if you had the opportunity to invest your money into something would it be to start up something regardless of the amount of risks that come with it, or would you rather open a business or make a simple investment into assets?
Both will work for me. I'd like to invest into start up that I know that probably can make it or likely to survive for its first year's of trial. And then if there are businesses that I'd like to open on my own, then I'd pretty sure do it and the same with the start up, I know that the first year's are going to be hard. As long as it is break even or with a little profit just to sustain the business and staff, I'll continue it for sure. And definitely, I'll have my own assets and investments as well.



 

 

 

 

 

 


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February 10, 2024, 07:47:12 AM
 #52

So, if you had the opportunity to invest your money into something would it be to start up something regardless of the amount of risks that come with it, or would you rather open a business or make a simple investment into assets?
Both will work for me. I'd like to invest into start up that I know that probably can make it or likely to survive for its first year's of trial. And then if there are businesses that I'd like to open on my own, then I'd pretty sure do it and the same with the start up, I know that the first year's are going to be hard. As long as it is break even or with a little profit just to sustain the business and staff, I'll continue it for sure. And definitely, I'll have my own assets and investments as well.
Everyone will have different views and choices, what you want is not wrong and of course we have sufficient research before deciding.
However, personally, I would avoid businesses that I have not fully mastered and would prefer to invest because I think the lessons or preliminary knowledge will be easier to obtain for investing.
To open a business, I think you really need experience and starting from scratch to create an experience is full of risks so we have to prepare for bad things to happen.

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February 10, 2024, 08:07:04 AM
 #53

There is risk in every business to make money Entrepreneurs work to build small to large businesses by taking risks and achieving growth in a short period of time. You may be looking for money but should not give up even if it is risky. Many times we see opportunistic entrepreneurs take advantage of economic opportunities and exit the business by joining the market at the right time and making a profit.

Of course in all things risk must exist, especially with business or business and investment, things that involve money certainly involve risk. In my opinion, with the existence of risk it can make us develop, where the risks that occur must be used as lessons by thinking of ways that the risk can be overcome properly or can even be avoided. By building a business, of course, we have to learn a lot of related aspects, don't build a business but don't know the related aspects, including how to overcome the risks that can occur.

Bensr that you said, although there are risks but do not give up to achieve success, therefore we must have good self-confidence, as well as strong ambition to build a business. Katens to achieve success we must dare to take actions that are sometimes risky.

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February 10, 2024, 08:18:40 AM
 #54

So, if you had the opportunity to invest your money into something would it be to start up something regardless of the amount of risks that come with it, or would you rather open a business or make a simple investment into assets?
Both will work for me. I'd like to invest into start up that I know that probably can make it or likely to survive for its first year's of trial. And then if there are businesses that I'd like to open on my own, then I'd pretty sure do it and the same with the start up, I know that the first year's are going to be hard. As long as it is break even or with a little profit just to sustain the business and staff, I'll continue it for sure. And definitely, I'll have my own assets and investments as well.
As long as it's good for us, why not? Risk is a given and we have to take it. How do we know we will succeed in business or investment without doing it? We can't just speculate that we will fail or succeed, we have to try it and take the first step to start the next step.
Don't let the fear of failure make us lose without starting. Even if we fail, we will definitely have a great experience that will make us better the next day. No one is successful without starting, it all happens because of the courage to take all the risks that we have considered before.
We can't just sit around and hope for luck to come our way.

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February 10, 2024, 08:33:35 AM
 #55

-snip-

So, if you had the opportunity to invest your money into something would it be to start up something regardless of the amount of risks that come with it, or would you rather open a business or make a simple investment into assets?

 

It all depends on potential. If the startup has good potential in the future, why not? or when the business or asset has potential too, why wouldn't I want to invest in it? I invest my money with the aim of being able to make a profit from it, so I will look for anything that has potential with as little risk as possible. So whether it's a startup, business, or investment in assets, I will invest my money with the expectation that I can get the maximum profit potential from it with the risks that I have previously estimated. I don't want to stick to one type of investment.

R


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February 10, 2024, 09:46:11 AM
 #56

To my knowledge about this topic, business and entrepreneurship have a big difference.you might be a business man and you are not an entrepreneur.you are stock and stagnant in a type of business making your profit in a business you no more best that's good.Entrepreneurship is innovative you develop new skills, products, services,new ideas to change from a setting business to another always productive with new deals to make more profit or to expand businesses.
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February 10, 2024, 10:56:07 AM
 #57

Perhaps other entrepreneurs are true problem solvers because they can identify what they believe to be a good opportunity; second, they are very perceptive and understanding, and they think creatively when it comes to problem solving.

However, not all entrepreneurs are problem solvers because everyone has unique qualities and abilities, as well as different levels of passion and vision. Because others rely on other people's solutions. In summary, they rely on solutions that do not originate from their ideas.

However, what is clear is that business and entrepreneurship are both built and developed so that we can gain profits. Even though the two are almost the same, in fact they are very different in terms of understanding and even the level of risk. But sometimes many people misjudge the two, even considering them the same even though there are differences which of course make it difficult for many people to recognize them. For business, it is an activity that aims to make a profit from our business and can develop the economy. Meanwhile, entrepreneurship can be said to be a skill that is possessed or creative and innovative which is used as a basis for seeking opportunities for success in the business world.

For me, entrepreneurs must have a growth mindset. Because a growth mindset must be equated with mental strength, every growth mindset must be accompanied by mental strength to face every challenge in business.

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February 10, 2024, 12:17:28 PM
 #58

So, if you had the opportunity to invest your money into something would it be to start up something regardless of the amount of risks that come with it, or would you rather open a business or make a simple investment into assets?
Both will work for me. I'd like to invest into start up that I know that probably can make it or likely to survive for its first year's of trial. And then if there are businesses that I'd like to open on my own, then I'd pretty sure do it and the same with the start up, I know that the first year's are going to be hard. As long as it is break even or with a little profit just to sustain the business and staff, I'll continue it for sure. And definitely, I'll have my own assets and investments as well.
every business we do is very difficult to build in the first year, if we can't survive the first year then the business we are running will definitely end, everything needs a process to be able to get profits in business, but for entrepreneurship it is innovative to develop ideas -New ideas but the goal remains the same as a businessman, so we still have to face difficult times the first time we run it.


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February 10, 2024, 06:51:53 PM
 #59

every business we do is very difficult to build in the first year, if we can't survive the first year then the business we are running will definitely end, everything needs a process to be able to get profits in business, but for entrepreneurship it is innovative to develop ideas -New ideas but the goal remains the same as a businessman, so we still have to face difficult times the first time we run it.
Maintaining a business is not an easy thing, it requires skills and knowledge to be able to survive the business that we run and we also have to be able to overcome every challenge that exists so that the business that we build continues to run well so that we can get profits from the business. if we cannot overcome every challenge that exists then the business will end and we will experience losses from the business, developing new ideas is not an easy thing because we have to know for sure whether the ideas we have can be developed well and also whether people other people can be interested in the ideas we have and if other people are not interested in the ideas we have then it is very unlikely that the ideas we have can develop well.

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February 10, 2024, 07:34:37 PM
Merited by skarais (1)
 #60

So, if you had the opportunity to invest your money into something would it be to start up something regardless of the amount of risks that come with it, or would you rather open a business or make a simple investment into assets?
Both will work for me. I'd like to invest into start up that I know that probably can make it or likely to survive for its first year's of trial. And then if there are businesses that I'd like to open on my own, then I'd pretty sure do it and the same with the start up, I know that the first year's are going to be hard. As long as it is break even or with a little profit just to sustain the business and staff, I'll continue it for sure. And definitely, I'll have my own assets and investments as well.
every business we do is very difficult to build in the first year, if we can't survive the first year then the business we are running will definitely end, everything needs a process to be able to get profits in business, but for entrepreneurship it is innovative to develop ideas -New ideas but the goal remains the same as a businessman, so we still have to face difficult times the first time we run it.
In the first year it survives, in the second year it adds customers, and in the third year it makes a profit. It is a natural process that almost all business sectors will face these challenges, and if they successfully pass through these three phases, I am sure that a business will run and survive for a long time. The risk itself also varies greatly, I mean it depends on what business model we want to develop, and winning profits will be proportional to the risk we are able to take. If you don't want the hassle, then investing is the easiest way to make a profit, buying fixed assets such as land or property. And you can also invest in Crypto currencies such as Bitcoin, of course all of this requires learning and understanding excellent risk management. In essence, all of this requires capital, and taking advantage of available opportunities is the way to go if you want to make a profit.

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