Quote from: dothebeats on August 19, 2023, 03:05:10 AM

Quote from: alastantiger on August 18, 2023, 07:59:58 PM

Quote from: Cryptomultiplier on August 05, 2023, 04:26:46 PM

I don't really have much to say as regards to this post. It is just an avenue to hear your thoughts on which is better to invest both time, energy and resources in, mostly for a season as this, where we are experiencing economic uncertainty and ill-timed government banking policies.

So, given that the resources are available or not and you are presented with the opportunity to start/grow or buy an existing business just like Elon Musk, which option is more preferential and benefitial to you?

I have this dream of flipping businesses since I started to listen and follow some business gurus. I would go with starting a business and the selling it off once it reaches my target valuation. Just as we saw with Instagram, WhatsApp and so many other businesses. I'll start a business from the scratch, build it and then sell if off and go do another one. And the thing with this is that I don't even need to be personally involved in the day to day activities of the organization. I can hire competent and professional business executives to do that. This is my preference.

Many businessmen do that these days and I like it. I like your idea, it is smart and innovative in a way. You don't have to worry about what happens next after you sell it off or hired great business executives to do the next tasks for you. However, the kind of down side here is you have to have new ideas every time, you have to be able to know how to market smartly as you are not selling to just any consumers but to co-professional businessmen in the industry.

Doing business all depends what sector we want to invest our money and how frequent we are available to earn more money for ourselves. Whether we are starting a fresh business or we went to do partnership, it all depends on what kind of business we are interested in and what we tend to benefit investing in such a business. I will rather invest my funds in an online business than going for physical business where I would have to pay a lot of taxes and employing plenty people to work for the company. Everyone knows what is best for them and the kind of results they are looking for.