Simple wisdom : A successful business is .....

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Simple wisdom : A successful business is when you enter the market at the right time, right place and meet the right people.

What do you think?
#business #simple #successful #wisdom
  • Profile picture of the author paulgl
    That's a different twist.

    I think I have only heard that one can open a business at
    anytime, anywhere, so long as one has the time and know-how
    to do it.

    Remember, people make money whether the stock market goes up
    or down. Same with anything else.

    Look at the housing bubble. People made tons. The bottom dropped.
    People are snatching up repos and making money again. This time
    from the bottom up.

    I once heard something about a successful business person could
    sell ice cubes in the arctic.

    Out of your three, I'd pick meet the right people.

    Paul
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    If you were disappointed in your results today, lower your standards tomorrow.

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    • Profile picture of the author ucajack
      Completely agree with you paul. For doing well in business a person should be well trained and prepared. And then one should constantly innovate to meet the demands of the ever changing market or create a new market.
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    • Profile picture of the author Raja Kamil
      Originally Posted by paulgl View Post

      That's a different twist.

      I think I have only heard that one can open a business at
      anytime, anywhere, so long as one has the time and know-how
      to do it.

      Remember, people make money whether the stock market goes up
      or down. Same with anything else.

      Look at the housing bubble. People made tons. The bottom dropped.
      People are snatching up repos and making money again. This time
      from the bottom up.

      I once heard something about a successful business person could
      sell ice cubes in the arctic.

      Out of your three, I'd pick meet the right people.

      Paul
      You got some points there. But, just let think like this.
      You maybe have experience about trading stocks aren't you?
      If you don't, maybe you have some knowledge about it.

      Ok. About stock trading. As example. You don't want to buy a stock, when it is at its highest price or even sell it at lowest price. You shouldn't.

      So, what will you do to make sure you make profit?
      Buy at the lowest price, and sell at the highest it can be.

      Ok, should be, anybody know that. But...
      There is 'but' here, not anyone doing trading stock being successful.
      Why? Because they aren't enter the market at the right time.

      Warren Buffet, once bought a large amount of stock when market was bearish. When economy getting stable, he sold it out and make millions with it.

      And actually he did a lot of time.

      Ok, here is not the mater who right or wrong, but, it is how.

      How to be successful.
      How to enter market at the right time. Or the most appropriate I should say, doing the right things.

      The answer is, research, research and research and of course some experiment.

      I see a lot of business poping up from nowhere today, and tomorrow I heard the owner had become broke. Why? Once again, not properly prepair.

      This advice is also a reminder for me. I setup a lot of website without proper research, and luckily, the drawback is my domain name getting expired.
      That's the beauty of internet business. Low startup and low risk.

      Just my 2 cents.
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      • Profile picture of the author paulgl
        Originally Posted by Raja Kamil View Post


        Ok. About stock trading. As example. You don't want to buy a stock, when it is at its highest price or even sell it at lowest price. You shouldn't.
        I buess I'll have to say timing is a factor in some cases.

        Problem with the stock market, is you never know when it's at its "highest"
        level. Or lowest.

        There are ways of buying and speculating that you can profit whether the
        stock goes up or down.

        I remember something about Vegas sports betting in my younger days.
        If you made bets at certain times, then the spread changed, you could bet
        again and win whether your team won or lost. I can't exactly remember the
        scenario. They might not even do that anymore.

        Timing is a part, but only for specific instances. In other words, you
        need timing to make money on a specific stock, but at anytime you can
        make money in the stock market.

        But is marketing a business the same as playing the stock market?
        In some speculative cases maybe, but not always.

        Paul
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        If you were disappointed in your results today, lower your standards tomorrow.

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  • Profile picture of the author jasdon
    Originally Posted by Raja Kamil View Post

    Simple wisdom : A successful business is when you enter the market at the right time, right place and meet the right people.

    What do you think?
    Those are just points which can help a business to become successful, rather than a definition of a successful business.

    A successful business is one which provides for the owners the rewards they seek. Where the staff are happy and fulfilled. That provides a good product or service for it's customers.
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  • Profile picture of the author Jonathan 2.0
    A good business is one that empowers other people.
    Signature
    "Each problem has hidden in it an opportunity so powerful that it literally dwarfs the problem. The greatest success stories were created by people who recognized a problem and turned it into an opportunity."―Joseph Sugarman
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  • Profile picture of the author Katharin
    I think something about being knowledgeable in your business needs to be added to that short original list. I could start any number of businesses at the right time and by knowing the right people, but I still need to know what I'm doing 100% to be successful, no?
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  • Profile picture of the author vatonyt
    I would lovingly disagree with every response on this post and offer a shift on perspective. Successful businesses are run by people that are very passionate and educated on the topics, services or products of that business and they have been life long (and continue to be life long) learners of their crafts and field. They then only provide the solutions to the problems their markets are facing, whether those markets are going up or going down.
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