Post
Topic
Board Economics
Re: Would you rather start/grow a business from scratch or buy an existing business?
by
bettercrypto
on 29/12/2023, 02:20:13 UTC
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?




You know it's better to start a small business; we ourselves will grow it, and we know the hardships we will go through here, because this will be our testimony and chapter of our lives before we become successful in the future.

It seems practical for people who are not rich, but if you are rich and you want a business, of course, in the traditional way, if the capital is big, the risk is also big, and if the management is right, the profit in the future is also big. But if it's a small capital, if you're determined and full of passion, the small capital can turn into a big profit in the future.