Post
Topic
Board Economics
Re: Building a prosperous business
by
Mauser
on 23/07/2023, 09:25:54 UTC

CONCLUSION
Let your purpose of establishing a business be on solving a problem not just to make money. If your reason to creat a business is to make money, you may get discourage within months if good profit weren't made. Establishing a prosperous business isn't easy, there’s a lot that goes into it. As you begin your business journey, keep these tips in mind, focus on planning, and take the time to test as much as possible. The more you prepare upfront, the more likely that your business will succeed.


I agree with you, running a company with the only purpose of making money is not going to succeed in the same way a company that has a vision. When people only work for money their motivation is not sufficient to survive longer periods of hardship, whereas people that work for a common goal will be more motivated and work harder. Creating our own company is hard work and requires a lot of sacrifice. Longer working hours and less pay during the startup phase are a big obstacle and there is no guarantee that our company will succeed. In case we are only looking for ways to make more money it might be better to stay working as an employee. With more free time and a regular paycheck we can focus on other things, like investing our money and building a crypto portfolio. There are more ways to become rich than by running our own business.