What is it? Let's discuss together about the business opportunities that might exist. To start with, we'll see and try to analyze categories of general business and what exist now; a conventional business.
"What is it a conventional business? Is it sounded old-fashioned?
Yes, that’s the way it is! It has been called a conventional business because business in this category has been used and is generally done by most people in this world. Going to the grocery store, shops, restaurants, cafes, and computer shops, pulses, internet cafe, school, business, mining, etc are few examples of conventional business.
Okay, then how do we analyze these conventional businesses in relation to the factor of 4-i (
Four Secrets Factor of Successful Business: investment, incomes, insurance, and inheritance) that is what we learned in the last edition?
Let's start;
INVESTING
Begin by asking yourself;
"How much financial capital you need to start a business you have chosen? How much risk should you take if your business does not run as it should? Are you able to receive all financial losses that may occur?"
Investment is what causes many people hesitate to start their own business especially for persons from poor and middle class.
INCOME
Look, Is income you get from your business unlimited?
Generally, to increase income from conventional business, you have to do the improvement of the investment! So forth.
INSURANCE
"Does your business allow you to continue to get income, even if you do not work (residual income)?"
Continue reading part 2