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.

[Accardo]

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

Good you heard your last words, think outside the box, that's where the progress begins, you are not expected to build a fresh new market, every skill must have its market, but doing things the same way isn't helpful. As for Dangote he's operating on the first kind of monopoly which has to do with paying the government to allow only his product to sell in a competitive market.

[Smack That Ace]

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.

Starting a business with large capital offer many advantages. It is not just about bigger profits, larger capital also helps us survive long enough to find the path to success.

It is true that large capital cannot guarantee success because in business, many factor must be combined to achieve success. However, once again, having ample capital will bring us significant benefit, including the development of skill and strategies.

It is no coincidence that whenever business is discussed, capital is always the most frequently mentioned and considered the most important factor. Skills and strategy are crucial, but how can we start a business without capital?

[Obulis]

Let’s take a look at what’s happening around us.
At a road junction in my area, a young man aged around 20–22 learned bike repairing skills and is now earning BDT 1,500 to 2,000 per day. To increase his income, he has already hired two more workers. At the same junction, a 14–15 year-old boy working in a salon is earning BDT 2,000 to 3,000 per day. Notice something important: none of them started with large capital. They started with a powerful skill. If you look around, you’ll find many people who once had nothing, but today they are farmers, business owners, and entrepreneurs — all because of skills. Not only did they build their own success, but they also created job opportunities for many unemployed people and took part in the journey of making the country and nation self-reliant. That’s why I always say: if you have money in your hands, invest in yourself first. Learn a skill. Make yourself capable. Because investing 20,000 to 50,000 taka may not bring big returns immediately, but if you use that money to learn

Ocham, You have been able to make a serious point as much as I can see but it is also very clear that you didn't put into consideration so many things/factors. Looking at the topic which says Success Doesn’t Start With Big Capital/ It Starts With Valuable Skills, you will notice that there's a kind of misplacement. If it doesn't start with big capital then it should be with small capital not necessarily valuable skills a product of capital! I hope you get my point of view?

Look at it like this, aside some public/free skill acquisition opportunities, a small amount is required to be paid for apprenticeship/skill acquisition which is part of the capital and this one is directly on yourself. Even some free/public skill acquisition opportunities do not usually go with a start up capital. And when that's the case, a start up capital aside the capital that has been spent on acquisition is usually needed and ocham is saying that (If I am in order) these other phase of start up must not be a big capital. Like the example given, the new bike repairer can get a space get some common tool and go on borrowing other sensitive and costly tools from other repairers instead of waiting until being able to afford all that is needed before starting.

As for 20,000 to 50,000 taka, putting it into a personal business is not even a guarantee. People has done that and the business didn't stay two years, however you wouldn't know what will happen if you don't try. For me if the first capital has been spent on self development/skill acquisition and then 20,000 to 50,000 taka gets to my hands, one can invest a certain percentage into Bitcoin and use the rest to start up business around the investment I already made on myself, because doing that can start providing a certain amount that can one continue accumulation on a DCA ground style.

[Marvelockg]

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.

That you learned a skill that paid in the past and doesn't pay as much at the present does not in any way suggest that learning a skill is a bad thing. it even gets worse if you are with zero skill to start with because a skilless person is going to end up suffering because of his lack of value in the society. you need capital if you intend starting up a business but the thing with capital is that it doesn't take long before it goes into use and it is no where to be found. but then getting a good skill is something that will stay with you for a lifetime.

[Hypnosis00]

But if you have big capital and reliable skills at the beginning, that's more an advantage for any beginner. Success happens when you have both, reliable amount of capital, and valuable skills that turn your asset for your future success.

However, the most essential one should focus more on what skills you will keep on developing and enhancing, as the kind of business you will build will greatly depend on what kind of skills you will show to your customers, to your clients and to every people around the corner.

[Yamifoud]

The choice is yours. If you can start with a big capital, much better, but having a small capital does not mean that success will be hardly achieved. The real key to success is your potential skills and abilities that the people will buy from you, that they are willing to pay from you. If you think you can assure that, your success is clear and bright.

This also comes a realization for me that success is not just for those highly rich and capable people, but also for those who are poor but have great talents and skills to show and make people get amazed for it and willing to pay for it eventually.

[Berry2d]

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

Good you heard your last words, think outside the box, that's where the progress begins, you are not expected to build a fresh new market, every skill must have its market, but doing things the same way isn't helpful. As for Dangote he's operating on the first kind of monopoly which has to do with paying the government to allow only his product to sell in a competitive market.

He is not only functioning because of his corrupt practice in the country but also in a controversial unique operation system when he forces the price of products to drop through constant reduction of until he frustrates the effort of our corrupt destinators and make them give up so he could gain access to monopolise the system before going back to his initial price or even higher than before he took over the system. So i won't disagree if you say Dangote is very corrupt and greedy business and

[letteredhub]

I would rather invest that money into something that actually bring me return like bitcoin or stocks rather than investing on me because if there is something we need to learn then we can always get that for free now, this is internet era and every information is available over the websites, in different formats so we don't necessarily need to spend like 50K or 500K to make us better in something.

There's a place of need for investing in bitcoin and that of investing in ones own self to better out skills or add to it with more others necessary. With your skills you can earn money to always invest in bitcoin. Bitcoin investment doesn't start with thin air, you need funds to be consistent and what gives you that enough funds in a competitive world is your needed skills, and if you're not good at what you do then nobody would want to hire you or work with you. How then now  does the money come for investment?

[Alpha Marine]

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.
 

This is absolutely true. We see how intelligent people and people who are very good at what they do seek funding. In a firm, the most intelligent or the best at the job is not usually the owner of the firm; it can be the one who has capital to start up the business.
It's not just black and white. There are situations where your skill alone is enough, and situations where you need capital to back up your skill. There are also situations where you might not even have the skill, only the capital.
The owners of oil companies may not necessarily be a petroleum engineer or geologist. He may be a person who is good at business and has capital.
It is when you're doing a very small hustle that does not require much capital, like the one OP said, that the skill alone is important. If that particular business plans to expand, it will require capital.

[harapan]

. Notice something important: none of them started with large capital. They started with a powerful skill. If you look around, you’ll find many people who once had nothing, but today they are farmers, business owners, and entrepreneurs — all because of skills. Not only did they build their own success, but they also created job opportunities for many unemployed people and took part in the journey of making the country and nation self-reliant.

Being successful means  going beyond your limits and solving a problem at the same time, I agree with the fact that successful men and women create a pace for opportunities while they remain consistent in their dealings. You don't just claim to be successful within your lane you spread out so it could touch lives and basically it starts by grabbing a valuable skills, uncovering patterns that'll surely work to achieve the set goals. Though capital is required but then you ought to hold onto something that'll fetch you money .

[Fredomago]

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.

It's indeed an advantage if you have huge amount of capital, similar to what you said you can try more than once if ever your first attempts did not work out for you, the good catch is you can adjust since you manage to see what might be the mistake or whatever you are doing wrong, with an additional amount to spare, you can do try again and see if things will be much better.

Unlike with small capital where your chance to stake is small and the numbers of making mistake always counts and always have impacts with your finances.