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Author Topic: Handwork or business in this country as it stands now.  (Read 148 times)
Derekfunds (OP)
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May 04, 2024, 05:53:11 AM
 #1

The two is nice but I think having a handwork is a
very big  advantage, try handwork first before business depending on the kind of business and the vendors determination, reason is because sometimes they're challenges that take part in your business and if you can't maintain them it might lead to your business  bankruptcy.
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May 04, 2024, 06:12:58 AM
 #2

The two is nice but I think having a handwork is a
very big  advantage, try handwork first before business depending on the kind of business and the vendors determination, reason is because sometimes they're challenges that take part in your business and if you can't maintain them it might lead to your business  bankruptcy.
Yeah you're right to some extent but in my opinion to run a successful business two things are very important first of all hard work that you also discussed and the second one is consistency. If someone know how to remain steadfast in these two categories then he can break the shackles of success.

What you need is to remain consistent on failures and learn from them to develop your skills.

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May 04, 2024, 08:18:45 AM
 #3

This topic should be more suited in the economic board, you can do well to move it there, also you didn't tell us the country that you're referring to.

Handworks being skills and businesses are both sources of income generation, and they're both very important in any economy to provide goods and services to the people. The major difference between them is that in most cases, starting and running a business requires more money than  rendering services with acquired skills, also it's easier to become rich in a thriving business than in a handwork or skill, because businesses reaches out to more customers then skills which deals only with a client at a time. Although if two individuals that don't have capital, one is going into business and the other is going into skills acquisition, the one that learned a skill will be more successful, because he doesn't need much capital to establish, while the other that chooses business will be struggling to sustain his business.












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May 04, 2024, 08:49:53 AM
 #4

This topic should be more suited in the economic board, you can do well to move it there, also you didn't tell us the country that you're referring to.

Handworks being skills and businesses are both sources of income generation, and they're both very important in any economy to provide goods and services to the people. The major difference between them is that in most cases, starting and running a business requires more money than  rendering services with acquired skills, also it's easier to become rich in a thriving business than in a handwork or skill, because businesses reaches out to more customers then skills which deals only with a client at a time. Although if two individuals that don't have capital, one is going into business and the other is going into skills acquisition, the one that learned a skill will be more successful, because he doesn't need much capital to establish, while the other that chooses business will be struggling to sustain his business.



Yes you are absolutely right, base on the question you ask me about the country I'm referring to, is Nigeria most business is more benefitable as you said of which is true than some skills or handwork in this country, but handwork means a lot in this our hard country thanks for your opinion.
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May 05, 2024, 04:56:46 AM
 #5

Most of the business owners have their own humble beginnings and that is why I think that there is no need to remind them about where to start.

And to the aspiring ones, they know the process is hard but there must be some way to start and initiate.

Handwork or not, what matter is it is your own capital and business and you know how to operate it.


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May 05, 2024, 07:49:04 AM
 #6

The two is nice but I think having a handwork is a
very big  advantage, try handwork first before business depending on the kind of business and the vendors determination, reason is because sometimes they're challenges that take part in your business and if you can't maintain them it might lead to your business  bankruptcy.

This reminds me of the crisis period from the COVID epidemic, which caused many small and large business systems to face bankruptcy. But anyway, this is part of the challenge for them to find solutions for their businesses, and one way I see it is adaptation.

The development journey is always like that, it goes from small scale to mid-range and then to economic greatness. It is difficult to talk about the reverse loop from big to small if that business does not fail, but challenging failure will make many other stories develop further.

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May 05, 2024, 09:17:01 AM
 #7

The two is nice but I think having a handwork is a
very big  advantage, try handwork first before business depending on the kind of business and the vendors determination, reason is because sometimes they're challenges that take part in your business and if you can't maintain them it might lead to your business  bankruptcy.
We must have experiences in life first before venturing into business because lack of experience will lead you to wrong management and will also brings you to blaming yourself and decisioning.
Being a business owner is very hard because you are not just considering your self but instead even your own employee and the outcome of the business so yeah better to have a handwork first and then  enter businessing.

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May 05, 2024, 09:36:51 AM
 #8

Starting a business can be from the smallest things, from reseller services can expand the availability of goods and I think many millennials like today are even successful from hunting company referrals and making a decent income. indeed, some negative comments on social media or youtube as affiliates appear but it is not that difficult, in fact many are successful and can work in their field. But if you are used to franchising from home processing is also good, sustainability, strategy and managing it will be more flexible if you have your own. Even if there are few rivals and only a handful of people are interested, over time it will form its own market share and have a good reputation. Even if you change your business, you will still be chosen because it indirectly promotes yourself whatever services or goods you sell. Spirit



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May 05, 2024, 02:04:38 PM
 #9

This reminds me of the crisis period from the COVID epidemic, which caused many small and large business systems to face bankruptcy. But anyway, this is part of the challenge for them to find solutions for their businesses, and one way I see it is adaptation.

Yes many businesses closed but many also flourished. Like you said business minded people learned how to adapt and that is exactly what they did. They created business around the concept of covid 19 and social distancing. They utilized what was available
back then and became successful. Businessmen see opportunities in the face of crises.

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May 05, 2024, 11:29:53 PM
 #10

Indeed, both avenues have their advantages and challenges. Handwork can offer a more accessible entry point, requiring less initial capital and potentially providing a steady income. On the other hand, businesses can scale more rapidly and reach a wider market, though they often require significant investment and may face greater risks.

If you're passionate about a particular idea and have some capital to invest, then a business could be a great option. But if you're looking for something with a lower barrier to entry, then learning a trade or skill might be the way to go.

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May 06, 2024, 12:46:28 AM
 #11

The two is nice but I think having a handwork is a
very big  advantage, try handwork first before business depending on the kind of business and the vendors determination, reason is because sometimes they're challenges that take part in your business and if you can't maintain them it might lead to your business  bankruptcy.
Correct because how do you know the ins and out or all the small details in business without actual knowledge and experience on that ?
you have created a right post here telling those who wanted to enter a business to first have their handwork and followed by capitalizing and operating.
and also with this you will have that advantage over your employee because they cannot fool you in any way talking about everything in that said business , because sometimes employee are abusing the owner if they do not know all the details about the business from operation and stocking.

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May 06, 2024, 08:07:39 AM
 #12

This reminds me of the crisis period from the COVID epidemic, which caused many small and large business systems to face bankruptcy. But anyway, this is part of the challenge for them to find solutions for their businesses, and one way I see it is adaptation.

Yes many businesses closed but many also flourished. Like you said business minded people learned how to adapt and that is exactly what they did. They created business around the concept of covid 19 and social distancing. They utilized what was available
back then and became successful. Businessmen see opportunities in the face of crises.
indeed , in my place alone there are even old business that have had closed because of pandemic
but the owner find a new business in Online , now they are flourishing the business online and leave the physical stores.
life is rotating sometimes and we must accept changes because in this world there is nothing
permanent even love changing .either to be more loving or lesser.

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May 06, 2024, 12:01:16 PM
 #13

The two is nice but I think having a handwork is a
very big  advantage, try handwork first before business depending on the kind of business and the vendors determination, reason is because sometimes they're challenges that take part in your business and if you can't maintain them it might lead to your business  bankruptcy.

The issue is a matter of choice and the one an individual can easily cops with, not all business can leads to success likewise the same to hand work,  just as a business man can leave one business to another so also can a skilled personnel can also leave his job to another all depends on how proficient that individual can be economy is only a moderator but don't stop you on what you can achieve if truly you know what you want. 
If it's not your area of interest engaging on it can't give you the desire end no matter the situation one must choose wisely according to what he/she can handle the both are good but they are relative to individual choice of operations.

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May 06, 2024, 02:43:03 PM
 #14

handwork or business, both have the same potential at the moment and both have their own advantages and disadvantages, so someone who wants to enter these two fields must be able to see their own potential and how they can achieve this. because of these two fields, if someone can maximize them well and understand these fields, then they can achieve maximum income from them and that can make them rich.

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May 06, 2024, 03:27:08 PM
 #15

Who told you that you no need to work hard if you run a business?

No matter what you do, it is important to give maximum effort to increase the chance of being successful, and hard work includes all the skills like managing the resources to their full potential, keeping the demand and supply in the order while thinking about developing their scale into further.

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