Success Doesn’t Start With Big Capital/ It Starts With Valuable Skills

[junder]

It will depend. If your goal is to achieve a senior position in the company and earn a high salary. You just need the skills.

However, if you are in business and want to succeed. I do not believe that skill alone are enough to succeed. Business is completely different from being an employee, and in business, capital is the key factor. Because in business, money can buy time, and time gives you the opportunity to correct mistakes, adjust strategie and survive long enough until you get it right.

Today, many businesses fail not because of bad idea or poor leadership but simply because they do not have enough capital.

With time giving us the opportunity to correct our mistakes, I agree with that, and if for business, capital is an important factor too.

It all depends on the situation maybe, because we have our own perceptions. With the business itself, there are many important factors that must be considered, including capital and skills.

This is the usefulness of discussing, we can find different views, and it can be used as knowledge and also as a consideration perhaps.

[YOSHIE]

Success Doesn’t Start With Big Capital/ It Starts With Valuable Skills

Skills in my view are capital that is incalculable in amount and value, many people are successful and their economy is abundant because of the Skills they have.
Example:
• Skills in sewing shirts and trousers, they are successful.
• Arts and crafts skills, they are successful
• And there are many other examples of those who have successful Skills, including the bicycle mechanic you mentioned.

The business and enterprise that we want to develop does not depend on capital, why have capital but not not have Skills in the field we are working in, in my area many businesses close because they don't have Skills, they only rely on employees, if the employee stops of course the business will close because the owner doesn't understand, that success lies in ourselves, namely Skills.

[Berry2d]

It was initially stated that the journey of 1000 miles begins with a step but now i think it begins with the decision to take the step before we talk about moving. It is never specified that the journey of success requires a certain amount but rather starts from the little one has then with the introduction of hardwork, dedication and commitment, gradually one will get to his dream position except he or she never believes in himself for once.
In building a successful future, there is need to start small as it will help in understanding how to manage capitals

[barbara44]

If you do have a valuable skill that is desired, then people will pay a lot for it. Just ten years ago coders and developers were so great that they were getting paid insane amount of money, these days they became so common (because they were paid a lot so everyone learned it) it is not even worth doing it anymore.

I can literally code right now, I know C# and Phyton and yet I do not even work in that industry anymore, that was my job before I got my current one, I never really found that relatively good paying job because of the work/reward ratio.

[Accardo]

It was initially stated that the journey of 1000 miles begins with a step but now i think it begins with the decision to take the step before we talk about moving. It is never specified that the journey of success requires a certain amount but rather starts from the little one has then with the introduction of hardwork, dedication and commitment, gradually one will get to his dream position except he or she never believes in himself for once.
In building a successful future, there is need to start small as it will help in understanding how to manage capitals

Success isn't about having a skill it's about monopolizing a skill, building a business in a competitive market will probably bring low profits at the end. Think of it this way, Google is richer than the entire US airlines for one purpose; Monopoly. The airline companies compete for a limited market size while Google monopolized the entire search engine advertising niche and a good percentage of the online advertising business, hence making higher profits than all the airlines combined in the USA.

Doing something that has low competition and learning a skill around it is what determines success not fighting over a competitive skill whereby millions of firms already exist around the industry.

[dezoel]

Big capital isn't a bad thing to have. I know that doesn't guarantee a win, but it does give you more trying chances and that is why a big capital isn't a bad thing.

If you have a lot of money, lets say inherited form family, then you can give it a try and you can do a fine job wit hit a swell. I know that is not that easy and I know it does take a while for people to get used to it, btu the reality is that if you do have a good period to live in, then you are going to be fine. Testing bunch of different business, until one of them works.

[Berry2d]

It was initially stated that the journey of 1000 miles begins with a step but now i think it begins with the decision to take the step before we talk about moving. It is never specified that the journey of success requires a certain amount but rather starts from the little one has then with the introduction of hardwork, dedication and commitment, gradually one will get to his dream position except he or she never believes in himself for once.
In building a successful future, there is need to start small as it will help in understanding how to manage capitals

Success isn't about having a skill it's about monopolizing a skill, building a business in a competitive market will probably bring low profits at the end. Think of it this way, Google is richer than the entire US airlines for one purpose; Monopoly. The airline companies compete for a limited market size while Google monopolized the entire search engine advertising niche and a good percentage of the online advertising business, hence making higher profits than all the airlines combined in the USA.

Doing something that has low competition and learning a skill around it is what determines success not fighting over a competitive skill whereby millions of firms already exist around the industry.

What if you don't have the knowledge to operate outside a competitive market but in possession of a skill that requires fighting for dominance in the competitive market, those that mean we should not venture into it. Larry page and sergey brin decovered google and are seriously benefiting from there knowledge but that does not mean all must really on operational activities that never requires competition because we want to be successful. Success comes in different places, for example dangote the richest man in Africa is operating in a competitive market but his ability to operate outside the box for more profit is what differentiate from other successful man. So no matter where you find yourself you can appear successful if you are willing to think outside the box

[Finestream]

Big capital isn't a bad thing to have. I know that doesn't guarantee a win, but it does give you more trying chances and that is why a big capital isn't a bad thing.

If you have a lot of money, lets say inherited form family, then you can give it a try and you can do a fine job wit hit a swell. I know that is not that easy and I know it does take a while for people to get used to it, btu the reality is that if you do have a good period to live in, then you are going to be fine. Testing bunch of different business, until one of them works.

If you can start with a big capital, that creates more advantage for you because the bigger the capital is, the higher the future profits is, that is if you are working well on showcasing your valuable skills and become an asset to your business success.

However, relying alone on the big amount of your capital, that won't make sense because your success will not be possible without valuable skills and strategies that are highly crucial for any business not to experience failure in the end.