Quote:
Originally Posted by Ed Hammer
I'm guessing you don't own a business, though I could be wrong and do see your point. I'm not asking the government for loans or any help. The point I was making is that it is not worth opening these small businesses the way things are. Having to be competitive on prices and looking at the risks, It just isn't worth trying for the very low profits that are projected.
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I do own a business, Hell - by 15 I was already working on finding ways to generate income on my own. I've always had a true entrepreneurial spirit. My "significant other" owns a business as well - and we're looking to move that to a brick and mortar soon.
There's two approaches I've seen people take with any business or money making venture. One is to see a market, know that a certain scheme makes money, and run that scheme. That type of approach makes money, and does for a period of time. However it eventually burns out (because the market changes). The blame in this approach is always placed somewhere else, on some change or unforeseen event that caused the business to fail. The second approach is to see a market, and want to conquer it. No matter what happens or changes in the market, the operator is so focused on the future they're prepared and ready to tackle that change. They see it as a challenge and thrive on figuring out a solution and conquering each new issue as soon as it arises. When something in this approach fails, the blame is understood that the person simply couldn't figure out that one problem. They learn with this, they see what they did wrong, they put that knowledge to good use next time and are able to better overcome new issues. This is the type of approach that I've always seen last and do the best. Sadly, a lot of people fall into the first scenario to which they eventually see their profits and business dry up.