So many startups, but only few know how to make business

in #startup6 years ago

Most of the externally funded "entrepreneurs" who made money using other people's money are like kids who got inheritance, they only know how to get capital, but since they never earned it themselves, they'll never be able to multiply or grow it.

You can only go from a million to a billion once you know how to go through all the psychological ups and downs while going from $1000 to a million dollars.

No wonder so many heavily funded failures exist, and try so hard to remain relevant by paying for business awards, appearing on covers of business magazines...

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Unfortunately, this is the case in many of the new arising projects and more than that, even at the older companies. Many are inflexible, having rigid offers or are going by some sort of traditional pattern; and if are big companies in existence, the more the case as people have jobs there rather than enthusiasm and initiative . Which therefore leads to a downwards spiral. And the other thing is, many focus on focusing on the status that having a company/project brings up with, instead of focusing on what the client, the customers want and need. As in the end your success is not about what you sell, but about what the others are buying or willing to buy . Financial, social, emotional, psychological and entrepreneurial literacy is heavily lacking cause it is not promoted to be taught as basic skills to have in life . .

I can not agree more. At the end, the main reason for such results is greed. Not an economic progress and development, but greed. Sorry btw for late answer. It's because of lack of time. I'm very active on steem through the year but in summer I have lot of other things to do.

No worries, i understand. Engagement is much appreciated :) .

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