job vs business
1st factor: mindset
are you a technical man? – to build product / technical person (70% demand)
are you people man ? – manager
do you have leadership skills ? CEO
are you investor >> a businessman
do you find opportunities around you>> entrepreneur
Do you want to take risk /everything to achieve the goal?
business man takes risks
ex: surya movie , steve jobs ,
business vs job
job: personal investment, daily needs + skills outcome = $$$
risk = zero
Business = investment $$$$+employees+products+marketing+sales-tax=income annual $$$ (risk$$$)
treating job as a business:
daily expense as investment and monthly salary as income = profit margin 50%-1000% biggest
problem: scalability (here comes team as business)
opportunity: improving skills,
tips: its better to invest self, than others business first.
How to find business ideas?
passion: makes you put effort more because you like but nots make you money.
as consumer if you find the problem to fix hat;s a huge opportunity
ex: flights for bpl people surya (akasham haddura
organic medicines like stanin (blood thinner) with fenugreek seeds menthulu in heart patients , or daily supplements
beating competitor with low margin, and barrier entry monopoly. etc.
Elon Musk: left competitive business (paypal), entered into creative business, tesla – electricity car , returnable rocket, solar energy etc.
Business with low investment: commision based on sale project,
real estate ,lic, mutual find, business development executive in software companies to bring them projects any company or industry.
smari ideas: buying from china and selling at amazon, even design a product to customize existing and create own branch ex: boat headphones.
Exporting: buying from manufacturers india ex: onions/ mangoes from india export to other countries.. construction agency for sq mt. solar company to sell electricity government or save self bills.
finally job vs business
1st: improve your skill as a employee in the field. because you have time upto 30 years age.
2nd rely on young people, because your body almost gives up, and you need to scale up.
1 man can have 8 hours+8+8 =
if you want peaceful mind, improve skills get a high paying job instead of making business in saturated market with low margins.
whatever you doing is taking right decision on right time.
business vs investor
2 inr per month, 24% per annum, 3 years money double, if there is no risk but risk is there, (inflation are 8%, + tax)
third option as a investor, why to make a business instead of investing in a successful business. escaping when its on loss.
investing and business need lot more knowledge & time to fix trail error.
but finding opportunity of need is key..
high profits in short time.