Business Ideas

[ancafe]

Yes, in the present time, there are many companies that can provide you with machines. However, they may set certain conditions, which might reduce your profit margin slightly. Even then, you can still establish your business and build your company. If you don’t want to do business this way, another option is to start a business by pooling small amounts of money with a few friends and growing together.

Building relationships with friends to secure sufficient capital for a business also carries risks. Sometimes problems arise when the business is growing well and there may be times when differing ideas on how to implement the business can create problems. Starting a business doesn't require a large amount of capital. Individuals can start with a small amount of capital and usually, when our business grows well, many financial sources will come to provide assistance through collaborative partnerships.

I prefer building a small business independently rather than collaborating with many people at the start because of the risks, as I mentioned and sometimes not all businesses can run well with a lot of investors. Although many people may be successful using this method, I prefer starting my own business with a small amount of capital.

[Pearl_20]

Starting a business requires a lot of effort, hard work, and consistency. Millions of individuals out there has multiple business ideas in their head, one thing is to have the idea while implementing or putting down your ideas into action is another thing. There's no business that survives without proper planning, you've to consider your location, Equipments to use, capital to start, and narrow your product to a particular Niche so you can render an effective service.

Most business owners will practically wants to sell everything and that can hinder growth, just be good at your skill, go for business classes or school if need be, because without proper knowledge of what you intend to sell or make will likely not go well or may be crumble over time. Once your good at what you do, it will even bring more referrals to you, staying in business isn't for the weak at all as it involves risk. Have a friend who studied Business Administration in school and she told me bluntly that she can't do business, this days people pay for classes to attend business schools, that way once you decides to start it will help you to grow gradually and not make too many mistakes.

Planning is very important in busines, being honest, good customer service is another thing to stay in business. There's nothing wrong in starting small, no matter how small the capital is because partnering with friends for business comes with so much distrust and often time's disagreement sets in, and moreover the risk involved is another thing to worry about.

[Leahized]

Getting a degree does no longer help because their are thousands of job applicants anywhere there is vacancy especially if it is a job that has huge pay check. Population is increasing and the number of jobs available to is not sufficient, you'll have to compete to get a job and we should not be surprised because by the time the AI robots are done with their testing, companies would be employing robots to take the jobs of workers because they might not be as efficient as the robots. We are getting close to destruction in the name of advancement in technology which is going to kill and suffer the innocent ones.

Yes you are absolutely right, where job circulars are provided for vacant posts. There are the most participants. But it is normal that the number of posts will always be less than the participants. Because most of the current students are going towards unemployment. I think the number of posts should be continuously increased by reducing the salary. Then the unemployment rate will gradually decrease. However, I don't think robots will ever replace humans. Yes, I believe it is currently advancing in terms of technology. But there are many jobs that robots will never be able to do. Human assistance will be needed in those places. So never sit down,Work hard and give your best.

[justdimin]

Most boring businesses are service-related, such as barbershops, electronics repairs, and even car washes, as you mentioned. However, if we look at the level of income, every business always depends on the level of sales and the level of public trust in the services we build. Therefore, surveying the location and surrounding environment is essential for business owners to avoid wasting capital. Because whatever the business, it is clear that it always requires a basic survey, as you said, because this is something that business founders cannot ignore if they want to target progress in a relatively short time.

Most of the time you are right, but location also matters a lot when it comes to sales for those type of companies as well. You do not see a car mechanic going around town promoting it's business, while there could be some billboards here and there for bigger ones, it's not that common, maybe a website or something, but like I said, that's not really common.

Most of the time they just open up a shop, and if the location is great for it, they end up with a good customer base, and after you go to a mechanic once, and you like the job they do and their price then you are going to end up with something much better. This is why it is not going to matter that much and should be something that would benefit you if you think of starting a business, always care about location.

[whiteblue]

Getting a degree does no longer help because their are thousands of job applicants anywhere there is vacancy especially if it is a job that has huge pay check. Population is increasing and the number of jobs available to is not sufficient, you'll have to compete to get a job and we should not be surprised because by the time the AI robots are done with their testing, companies would be employing robots to take the jobs of workers because they might not be as efficient as the robots. We are getting close to destruction in the name of advancement in technology which is going to kill and suffer the innocent ones.

Yes you are absolutely right, where job circulars are provided for vacant posts. There are the most participants. But it is normal that the number of posts will always be less than the participants. Because most of the current students are going towards unemployment. I think the number of posts should be continuously increased by reducing the salary. Then the unemployment rate will gradually decrease. However, I don't think robots will ever replace humans. Yes, I believe it is currently advancing in terms of technology. But there are many jobs that robots will never be able to do. Human assistance will be needed in those places. So never sit down,Work hard and give your best.

It is not the best solution when salaries are lowered especially with the increasing cost of living because this financier is bad news, graduates today rarely have expert skills in their fields and are only able to create generalists and that is in the field of work that is easily entered by robots or can be automated through a system, when all jobs are controlled by AI or robots then what we can do is to return to the countryside and farm there to survive, even if you don't get money from jobs in factories or others you will still be able to survive if you can farm in the future, and it can be your valuable business.

[slapper]

You believe that it is markets that reward quality and good treatment automatically? Markets reward whatever gets to people first with the right message at the right time. You can have the best product in the world, and you can fail totally if you're not distributing it correctly, or you're not doing it at the right time.

This happens constantly. Good businesses die. Bad ones succeed. Quality is necessary but it's not sufficient and pretending otherwise is wishful thinking.

..focus on developing your skills. You’ll see that opportunities will start coming to you..

This places all of the responsibility on the individual. What about obstacles that are structural? What about if you're in a place where there is no access to the market? What if there are regulations that favor the established players? What if you don't have financing because you don't have collateral or connections?

Once you find that gap, you’ll realize that going from zero to hero won’t take much time.

Easy to say until you ask yourself, why the gap exists in the first place. Usually there are reasons. Regulatory barriers. High capital requirements. Logistical nightmares. If it was easy someone would've fills it already. The ones that are left are the hard ones.

Now the question is—do you need machines to produce products? And if so, who will provide those machines?

Yes, in the present time, there are many companies that can provide you with machines.

Machine financing is nothing but growth on debt. You're sacrificing future profits for future capacity now before you've even proven there's a market for what you're making. One bad quarter and you're underwater with obligations that you can't make payments on.

If you don’t want to do business this way, another option is to start a business by pooling small amounts of money with a few friends and growing together.

This can work but only if you have extremely clear agreements about how to do equity, decision-making, exit strategies. Most people don't do this as it just feels awkward to make things formal with friends. Then it falls apart later and everybody's surprised.

Business is not about how much you want it. It's to move through systems created to advantage people with already-existing resources.

[barbara44]

As someone who not only started 3 business' so far in my life (two very tiny, one big) and been with 5-6 different people from ground up on first days, I can easily say that it's way more expensive and depending on luck than you think.

Simplest thing, imagine not even a business, just an instagram account, it would require money and correct way of doing things just to get followers, and even if you did that, you could grow very slow whereas you could go viral and be lucky once and get more than what you ever desired in a single day. Same with business, you can do everything right and screw up and still bankrupt, or you could get lucky and go viral once and you will never need money even once more after that.

[sunsilk]

Simplest thing, imagine not even a business, just an instagram account, it would require money and correct way of doing things just to get followers, and even if you did that, you could grow very slow whereas you could go viral and be lucky once and get more than what you ever desired in a single day. Same with business, you can do everything right and screw up and still bankrupt, or you could get lucky and go viral once and you will never need money even once more after that.

Those who will rely on luck will have to try it for several times and that's the same with the normal way of doing business for which, it's the same several tries that everyone is free to do.

I agree with you that some ideas are like that. It only takes one viral video and they'll get more followers and their channels or accounts will explode and that's the momentum that they need to take advantage.

The same with businesses for they can also the same technique and as long as they're able to take advantage of that virality that they might get.

If the management isn't able to manage it well, it's a fact that they can still go bankrupt even after all of those potentials and advantages.

[Cheema02]

Getting a degree does no longer help because their are thousands of job applicants anywhere there is vacancy especially if it is a job that has huge pay check. Population is increasing and the number of jobs available to is not sufficient, you'll have to compete to get a job and we should not be surprised because by the time the AI robots are done with their testing, companies would be employing robots to take the jobs of workers because they might not be as efficient as the robots. We are getting close to destruction in the name of advancement in technology which is going to kill and suffer the innocent ones.

Your point highlights the very realistic and sad reality of our society. Its true that for a high paying job not only degree is required but also have some master skills because competition remains very high because people are more than jobs. Employers just focused on certification instead of paractical skills and and adaptiviltity. And now its compulsory to be adaptive because AI and automation will replace many daily routine work task and technology itself is not bad but we understand that this advancement has eliminated some roles to indroduce some new ones. So the learning point is that we should not rely only on digrees and certificate instead we should learn some technical skills and creat problem solving abilities in ourselves.

[justdimin]

I think so too, but we also shouldn't rely too much on anything. In fact, I believe that if we want our business to succeed and keep growing, we must be able to fully master everything in the business we run ourselves.
Skills are something that are difficult to master; that must be acknowledged. In fact, we will be good at things we enjoy, so it's better to explore our own abilities first before starting a business, and the rest can be learned further.

I used to think the same way as well, but then I realized nobody is that wise or well informed. There is a reason why we hire people to do some of the jobs and that reason isn't to just save time.

Let's assume that I can make a website myself, I can code, do the UI, design, do social media, basically everything, and in fact I can definitely do it, there is no denying, I have the ability to do all of those actually in real life. Why am I not doing it? Because it is simply not possible to be great at all of them. That's why you hire others, you get to know "a bit" of all, but not great at anything.

[Y3shot]

Before starting a business, the most important thing to consider is the purpose of starting it. If the purpose is to serve people through the business, then it will be possible to run the business with honesty and integrity. It will be easy to gain people's trust. The chances of success are much higher. If you only run towards profit, you will see that any business does not survive for a long time. Profit will be enough, but the purpose should be that my product will be better than everyone else's and the quality will be correct. So even if the profit is low, there will be more demand for your product. So in the case of business, you should consider all the issues.

Yes, I agree with you that profit is not enough to start up a business, and if you are solely focused on profit, you may likely make some mistakes. There should be a purpose for why you want to go into business; look at the risks to see if they are manageable.

If you are only looking at profit, you won't be able to manage other aspects of the business. Some businesses are very profitable, but meeting their tasks is where the problem lies. As you consider the profit of the business, you also need to look at the challenges that the business faces.

[Onyeeze]

I expect you to start about the competencies in a potential entrepreneur that he must possess before starting a business, because this goes a long way in determining for how the entire ideas and operations goes with the business we are doing, planning before the start up is very important, so that we cant afford to later stop along the way when we couldn't move on the operations at the middle of the way because of some minor challenges.

such kind of thread has been established and discussed for long time ago so going back to discuss about that it will look and save your copying a work of somebody because it has been discussed before, business strategies oh how to open a business has already been discussed in different way in this platform so starting with that many people will kick against op so I think about the idea of what op narrated is his own point of views so I think everyone have a freedom of speech and bring the idea, and express it here..

[Rubuchi]

Getting a degree does no longer help because their are thousands of job applicants anywhere there is vacancy especially if it is a job that has huge pay check. Population is increasing and the number of jobs available to is not sufficient, you'll have to compete to get a job and we should not be surprised because by the time the AI robots are done with their testing, companies would be employing robots to take the jobs of workers because they might not be as efficient as the robots. We are getting close to destruction in the name of advancement in technology which is going to kill and suffer the innocent ones.

Yes you are absolutely right, where job circulars are provided for vacant posts. There are the most participants. But it is normal that the number of posts will always be less than the participants. Because most of the current students are going towards unemployment. I think the number of posts should be continuously increased by reducing the salary. Then the unemployment rate will gradually decrease. However, I don't think robots will ever replace humans. Yes, I believe it is currently advancing in terms of technology. But there are many jobs that robots will never be able to do. Human assistance will be needed in those places. So never sit down,Work hard and give your best.

that is just it sir. There is no way robots will replace humans, they can only continue to assist us in making our work easy but I’ve never felt threatened whatsoever about the coming of robots as it relates to the issue of jobs, where I’m a bit worried about is for people not to abuse it and instead of using them to work, they will use it to spy and do other illicit activities. But as much as you work hard for your money and improve you skills every now and then you will have no cause for any alarm