Startups and Entrepreneur Trends Are Problematic

[mu_enrico]

First of all, becoming an entrepreneur isn't for everyone. You need the right skills, environment, and personality. You can also become rich without starting a business or a startup. There are many lessons on the internet about this. You can even become wealthy as a janitor by investing wisely.

Startups are also problematic because people nowadays think this type of organization is the newest and therefore the best. Well, that's wrong! Personally, I don't like startups because this kind of structure violates the #1 rule of business: earning profits.

Chasing user bases and other metrics that aren't profit-focused is usually unsustainable. This means you're only good at presenting your business plan to "suckers" (i.e., venture capitalists or investors).

Therefore, build a small business instead. Earn profits by selling something valuable in your community rather than creating the "perfect" business plan and "scamming" VCs. The path may be difficult at first, but if you grow --even at a much slower pace than startups-- you'll find that you can eventually become wealthy.

Source: Multiple sources internalized and rewritten

[Agbe]

Therefore, build a small business instead. Earn profits by selling something valuable in your community rather than creating the "perfect" business plan and "scamming" VCs. The path may be difficult at first, but if you grow --even at a much slower pace than startups-- you'll find that you can eventually become wealthy.

Source: Multiple sources internalized and rewritten

Business plans are good but you will need money to finance and bring that plan to materialization that is why most capitalists buy or uses the business plans of people without cash not everyone is blessed with large amount of money to start business so in what ever way you can start you can start with a small business and grow it to the business of your dreams because the process of becoming a business entrepreneur is not easy as there are allot problems associated with setting up a business so start where ever you are by providing solutions to problems in your environment and community as this is also a way of becoming wealthy in life

[Rruchi man]

First of all, becoming an entrepreneur isn't for everyone. You need the right skills, environment, and personality. You can also become rich without starting a business or a startup. There are many lessons on the internet about this. You can even become wealthy as a janitor by investing wisely.

If perhaps more people can really understand that although the bulk of the world's richest men are businessmen, not all rich or wealthy individuals are entrepreneurs and businesspeople, and that if they focus on their career without trying to distract themselves with entrepreneurship when they know that they are not entrepreneurs and do not possess the qualities or the passion for it, then they can really blossom in their career and be wealthy from it, then we will have a lesser number of failed entrepreneurs.

[Findingnemo]

Investing needs capital and I don't think someone who saved in hundreds of thousands will not work as Janitor so the option is business. As Janitor who gained experience might come up with brilliant idea that can solve the existing problem and that's what the entrepreneurship is all about which obviously needs skills and right knowledge which doesn't mean not everyone can do that.

[Sim_card]

Setting up a small business with the little funds that you have is the best because you won your business and will learn how to mange and grow the business because if it collapse, it means that you are the cause. I think gradual growth of business is the best because we need to start small when the opportunity is not there and it's better than a janitor who relies on others.

[mu_enrico]

Investing needs capital and I don't think someone who saved in hundreds of thousands will not work as Janitor so the option is business. As Janitor who gained experience might come up with brilliant idea that can solve the existing problem and that's what the entrepreneurship is all about which obviously needs skills and right knowledge which doesn't mean not everyone can do that.

The case study for a long-term investment plan is literally a janitor. Search about "Ronald Read" and how he become rich after retirement.
You need (1) Capital and (2) Time basically along with the correct investment plan. Since capital can be acquired along the way, by saving a bit of your salary each month. In the end, time is all you need and you can retire as a rich old man

Setting up a small business with the little funds that you have is the best because you won your business and will learn how to mange and grow the business because if it collapse, it means that you are the cause.

True, opening a small business is also a good way to learn and grow.