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RE: Business Sense: Feature 8/6/2017
I am having a hard time deciding what kind of business should I start. I do not have a specific field that I am good at, tho I would say I am good at communicating with people and collaborating. Any advise on how to decide what kind of business should I start? Also, if I don't have the money, should I borrow it from the bank or just try to save up?
One thing I cannot do is tell you what kind of business to start. The best thing you can do is to first survey your potential market and then try piece yourself into the puzzle. Make sure it is worth it...
Avoid a bank loan as far as you can! If you have no other choice, never make a full loan. Being able to control at least half of your capital is a way of protecting your business...
If you really have no idea what kind of business to start but you do have capital, perhaps buying into a business is not a bad idea...
Thank you for the advice. The reason I am investing in cryto is mainly for starting my own business. And I do agree with you that having control of at least half of my capital is important. Will definitely consider buying a business, have not really thought about that before.
It's not just about buying a business. Consider your passion. buying a business you have no idea of or interest in may end up being counter productive!
How can you help folk. How can you effect as many lives as possible. It is about providing value to other people.