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.

[_act_]

I don't think where the problem lies is the start up, because to begin an enterprise, we should already know that its not a child's play and be ready for business, but the most challenging factor is that those initiating it are not always prepared for taking the task ahead for making business, so if the user in charge in having some lapses in maintaining a smoothy ruining of a business.

[bitterguy28]

I don't think where the problem lies is the start up, because to begin an enterprise, we should already know that its not a child's play and be ready for business, but the most challenging factor is that those initiating it are not always prepared for taking the task ahead for making business, so if the user in charge in having some lapses in maintaining a smoothy ruining of a business.

we all start somewhere and some new entrepreneurs will commit mistakes no matter how prepared they tried to be even the experts sometimes make mistakes but the good thing is you can learn from these mistakes and bounce back and do better next time if you easily get defeated that is what will kill your business you have to toughen it up and rise above all hardships there is no such thing as a smooth running business especially during the first few moments there will always be challenges to face

[Aanuoluwatofunmi]

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.

Its not that a startup or an enterprise is that problematic, but we are the ones who make it more complicated for us to be able to render our maximum productivities in them,, when we are doing something, then we have to take responsibility of doing it and also learn for more updates over it with time and continuously, this will help us to be well informed about the trends going on over it and directly helps the performance we give to it, which is one of the key factors that makes a business fail or succeed.

[mu_enrico]

I don't think where the problem lies is the start up, because to begin an enterprise, we should already know that its not a child's play and be ready for business, but the most challenging factor is that those initiating it are not always prepared for taking the task ahead for making business, so if the user in charge in having some lapses in maintaining a smoothy ruining of a business.

To grow big and become a big corporation --if that is what you mean by "an enterprise"-- isn't necessary to become a startup. Small businesses can also grow and become big enterprises. If you ask AI, it will say "Startups and small businesses differ in their goals, growth strategies, and funding sources." So both are viable to become a fully fledged corporation.

Its not that a startup or an enterprise is that problematic, but we are the ones who make it more complicated for us to be able to render our maximum productivities in them,, when we are doing something, then we have to take responsibility of doing it and also learn for more updates over it with time and continuously, this will help us to be well informed about the trends going on over it and directly helps the performance we give to it, which is one of the key factors that makes a business fail or succeed.

I didn't say an enterprise is problematic, only startups with their funding, growth, and burning money method. Why? Because they didn't do the #1 rule of business i.e. seeking profit.

[_act_]

Start ups are not problematic, we are the ones that rather make it complicated to do, to start up a business or an enterprise is very easy to do, but maintaining the business running isnwhat many may lack the capacity for, if we must enjoy what we do, then there must be some deliberate efforts towards what we are doing, having experience in every aspect of business management will also be an added advantage.

[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.

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

This is rare exception but I get someone can do this way probably in the past but we need to ask is it still possible for the future? With the inflation and living cost soaring up the chances become slim now. But with business it's possible to achieve the same success is less time frame instead of whole life time but everyone has their way of doing it.

[Gurujebs]

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.

Actually, no entrepreneur has the intention of starting a business and then collapse, the objective is to make profits until one thing or the other challenges you along the way and then they either give up or find alternative way to correct it or improve on the business. Most often, first time business don't go well as plan, so it's better to plan for failure too as a first time business person.

If you have angels investors in your business, that means they invested in your business because they like your idea but I does comes with condition. They wouldn't give you that money until they makes some contract and also support in other ways for the business to succeed. I think venture funded business has low probability of failure.

[Aanuoluwatofunmi]

Lack of adequate preparation is what makes most of the start ups enterprise a problematic one, you cant imagine a situation whereby someone is into doing something but lacks the insight and knowledge of the way of running it, all they do at first sight is to develop interest on what they have no idea about, and once they have started like this, it will be very difficult to make the business running since it lack what can keep it on a survival terrain.

[bisdak40]

Not everyone’s meant to be an entrepreneur, and that’s fine. You don’t need a startup to get rich smart investing can do the job, even if you’re working a regular job. Startups are overrated. If they’re all about getting users and not making money, they don’t last. It’s more about wowing investors than actually running a real business.