When you invest, you are basically investing in someone else's business, they will work hard for the business all the while you make money. When you start your own business, you will have to work hard to make money and not all businesses can be successful. Interestingly, you can make more money from your business compared to investing.
Investing Vs. Starting Your Own Business
- Thread starter nomad
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Starting your own business is the best in my own opinion, but remember you must be ready to put in the required work needed if you really want to make something meaningful from the business, irrespective of the nature of business
Anybody who wants to build a business must be ready to put in a lot of work. You also need to be very consistent to be successful.
Personal business is an investment. Investing in other people's business is still investing. The most important thing is to invest in businesses that will brings returns. Whether it is your business or other people's business doesn't matter.
Good point. It is good to start own business if you have the means and passion. But where what you have is not sufficient, then you can start by investing.
I think one can do both. You can start and run your own business. If managed properly, you gain profits from your business. While you are running your business, you many also invest in stocks of other companies. If you select the right stocks, you get a good return on your investment.
There are always the benefits and setbacks for Investments in the business whether yours or somebody's. investment in someone's business can save you time and money spent on the running and operation of the business.
Probably, starting your own business is also investment. That is why it is always needed for you to have some capital when you want to go into any business.
In this trying times starting your own business can be very possible but running and operating a very successful business is not that easy. That's why the point of making investments in other people's businesses that have already been established and making good profits comes in.
I believe I'm starting my own business because it's going to give me more freedom and more convenience.
For me I would go for the starting of my own business. With my business I would be known the ins and outs of the business and it can be so easy for me to succeed in it since it's something that I am passionate about. Unlike the investment that I may not have knowledge about it and required to learn about it first before I can earn anything.
Well, if you do not have enough capital to finance your own business investing in other people's business is the best option. When you realise profit you can use it to begin your own business.
