Post
Topic
Board Economics
Merits 1 from 1 user
Re: What are some financial secrets that you know of?
by
CageMabok
on 01/08/2023, 08:33:11 UTC
⭐ Merited by JayJuanGee (1)
Yes my totalitarian, you have a good point, everyone must work to become a boss, but before one can do that he or she must start from somewhere like little business or working for someone so people can also work for you when you become the boss on your own, keeping money in a save is not like investment because the money is not adding anything as profits, the money store in a save might be called dissipate because something that adds no profits to you bet just there can end someday, so using money that just inoperative will one day end but money that comes with profits can never drained off. Hope am correct? ✌️
Your hope will never be wrong if you continue to hope through your own efforts in the long term, because as long as you are still making money and you continue to use it at work, it is the same as making money work for us with full control of ourselves so that profits what is obtained can continue to flow if there are no obstacles that arise through the environment where we open a business. And to be the boss of our own business, I think that is part of the process, which is not for a moment, because as you said, before someone becomes the boss of their own business, of course they must be willing to become an employee of their own business too.

Now that makes sense, and indeed besides that in business or preparing for business we can't if we just make money the only thing we or they need, there will be many things we need one of which is our belief from a mental perspective. We can see that not a few of them have a lot of capital but fail to build a business. Many people stop halfway and it's a waste of money. Meanwhile, in my opinion, someone will have no difficulty finding capital if they are ready, but it is a very good step if you choose to raise money for your future business capital. Because if someone uses their own money for business capital, they will not experience too much pressure in the business process. So basically there is a lot to prepare if you really want to run a business, not only money but mentality is also really needed there.
The mentality and mindset for doing business are also part of the initial strategy before raising money for capital, because everyone must have the mentality and how to run their own business when they already have money and this must be prepared long before we have money. What you say also makes a lot of sense because of the several cases that I have encountered and seen in my surroundings, some have gone bankrupt through their businesses. And after being investigated in depth, it turns out that some of those who failed were because they did not know how to manage their capital properly even though they already had the mentality to run a business.

Quote
I agree with you, it's normal if we want something, we have to try to achieve it, there will be a process that we have to go through. Everyone must have a dream in their life and none of them do not want big achievements in their life. Nothing is impossible in this world if someone is willing to try and go through the process without giving up at all, but the question is (Want it or not). There is so much success that we always dream of, but on the other hand most of us just imagine it without taking any steps to achieve it. They would be able to get whatever they wanted if they would go through the process. Sometimes many of us only see other people's success without knowing what process they have gone through so they can be at that point.
The process is part of the path that must be taken and passed by everyone who wants to develop in their life. I usually look in that direction more after seeing what other people have achieved because to know an achievement that has been obtained by another person, of course everyone has to see what path that person has taken for that matter. Because if you only look at the results without looking at the process, then there is no knowledge or any clues that we can learn from what that person has done so that one can only dream without clear results. So ignore those who don't want to struggle and keep looking at those who are still struggling to motivate ourselves in terms of achieving growth in life.

I think it's better than having to rush with minimal capital and without careful planning, which will make it difficult for us to run a business, which in turn will spread to loans to keep the business running.
It's better to wait until we are really ready in terms of planning and finances than to make such hasty conditions. Indeed, when talking about business, it does not mean that with careful preparation, success will be guaranteed, but at least this will be better and will run better than making a business in a hurry just because we see a profitable business pattern but are not accompanied by the skills and capital we have.
I often see things like this in the area where I live when there is someone who runs a business (usually in terms of culinary) some other people my neighbours try to follow when the culinary business is smooth and profitable but with their planning that is not too mature because they only focus on the profits that their neighbours do it makes their business seem perfunctory and detrimental in the end.
What you said is also quite logical because for thorough preparation in the business sector, of course, you shouldn't be in a hurry and it would also not be good if you only focused on profits without considering the course of the business for a long time. That's why I look more at the process of preparing ourselves in a more mature way for business matters while gathering capital that can move the business after we have the way and mentally ready to run the business we want. Because I also prefer long-term profits rather than short-term profits that can only be obtained in a short time.

It is not easy to get business partners because you have to show your business plans to get it. There is a chance that their goals are different but if everyone gets along right away they will have a stable business. It is true that having business partners is very helpful because it will increase the capital investment and above all it will be easier to handle the establishment of the business.
From what I've seen around me, when it comes to getting a business partner, most people can do it in two ways, even though basically it's not easy. But some people can use a way to get a business partner by getting closer to other business parties with the aim of mutually benefiting each other, which of course must make an agreement before entering into this collaboration because as you said, other people's goals are usually very often different from the goals we will build in our own business. So it is clear that it is rather difficult to build cooperation with other parties even though it is for mutual benefit, and one more way is relatives or family themselves who have already built a business so that it can be a little easier for us to become partners as long as it does not harm each other.

Quote
We really need to move to have resources for our needs, if in business you have to put in the capital that is needed, there will be income. Let's act rewarding for work or business. Everything really starts from the bottom until reaching the pinnacle of success. If we stumble, it's better to stand up and try again the challenges of life whether it's business or work.
Usually a person who likes to fight and doesn't like to complain will not be whiny easily when he stumbles over something while running a business, because he will prefer to stay strong as long as he knows how and still has a path for him to take on his own. Most successful businessmen are businessmen who are not whiny and complaining, even though a small portion is based on inheritance from their parents or continuing their long-running business. But I wouldn't call him a business fighter because people who continue the business from their parents are people who have never felt the bitterness of struggling from the bottom alone.