whyithastobeme
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Going into business
Remember few phrase
"The rich gets richer and the Poor gets poorer"
"it takes money to make money, if you pay little money, you get peanuts"
Forget about the illusion given by mediacorp singapore about how many of these entrepreneur gets rich. It may happen during your father days but not today. Many of these people whom become rich today in their business are largely not poor. They have huge business backing, monies etc
The issue here is food on the table
Rules before doing business
1) What is your capital and what are both your substaining power? 6 months 7 months without income or 1 year. You have to deduct the amount that the business injection
2) what is your backup capital?
If the above are not able to be answered properly, then I think that it would be wiser for you to go into employment. as when the cookie jar are empty, all good sense of business decision will crumble.
Sometimes instead of getting customers to buy your things, you ended up pressuring them to run away. It cannot be help, you are hungry.
In all business, there are always elements of hidden cost and as such, it would be difficult if you are already tied
Last but not least, can you be sure that while you are trying to make your business work, the financial institution would not crumble down on you and make you looses everything. when it happen, can you blame them? they do not care, they are working and they do not care even if they make you a bankrupt. Most of these people whom is working with the banks today are people with no real heart and neither do they care as they are mostly young individual who is there to make sure that they keep their money chasing results up and so that they could get good bonus
Next, are you prepared for business???? A good busines before being ventured is out of planning. some take years to become good in a particular field. doing a business out of what people say and hear is dangerous as you are not prepared for it.
So in short and my humble opinion is for you 2 to get back into employment and when it happens, spent a bit of your leisure time exploring what business to venture and then where possible start it during your employment so that you have less risk |
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