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What is the most important thing about building a business?

I wanna learn how to make a business and make profit and be rich as well learn on how to do stocks like an entrepreneur and how to sells stuff to other people.

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Subject: Career question for you
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Rob’s Answer

I think if you are just doing it for the money, you won't ever by fulfilled. I would suggest find an area/opportunity that you are passionate about and focus your energy there to be super successful with growth and profit being the outcomes. Take some classes that give you a perspective on business - both the finance and operational aspects of a business (payroll, equipment, human resources, etc.) in order to figure out where your strengths and weaknesses are. From there I would suggest having 1-2 trusted partners that you can work with to help divide and conquer. Good luck!
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Tamberlyn’s Answer

Your inquiries span multiple areas, but when it comes to launching your own venture or stepping into entrepreneurship, it's all about thinking creatively. Ask yourself, what is it that everyone, or your specific target audience, desires but doesn't yet possess? Be prepared to use your own finances initially to kick-start your business, and consider bringing in investors later to help your business flourish. Your venture could be a service or a tangible product. If selling is your forte, gather some sales experience at any level. Use the victories from these experiences to understand what strategies suit you best - and don't forget to learn from the setbacks as well.
The management of stocks can be a profitable career path, or you could construct your own portfolio - I'm uncertain if this is what you're hinting at in your inquiry.

Tamberlyn recommends the following next steps:

Take business-related courses in high school/college or online. There's so much involved in business you may not have considered yet. (accounting, marketing, etc)
To gain experience selling, work in retail or try selling for another type of organization.
Take a financial literacy course focused on building wealth/managing wealth. There are also books about how to start building a portfolio.
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Juaniqua’s Answer

Embark on your entrepreneurial adventure, fueled by your passion. Once you've pinpointed this passion, cultivate it with in-depth research. As an entrepreneur-in-the-making, it's essential to gain knowledge from those who've already made their mark in your chosen field. Connect with professionals at different career stages and collect their wisdom on the road to success. Don't confine yourself to a single viewpoint, and always be ready to ask the questions that pique your curiosity. Approach them with a well-thought-out list of questions and record their answers for future use.

The success of your business as an entrepreneur relies on three fundamental elements: finance, customer service, and operations. It's imperative to grasp the financial aspects, like production costs and pricing tactics for your goods or services. Keep in mind, your business conduct, how you treat your customers, and your presentation significantly shape your customer base. Stellar customer service can be a game-changer. Aim to deliver an experience that not only keeps customers but also motivates them to endorse your business to others.

Finally, create efficient systems for your business operations. Allocate specific days for product development, devise your marketing strategies, and establish daily goals to ensure productivity.

Remember, success is within arm's reach! Dream big, think big, and achieve big!
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Katherine’s Answer

You might like reading books like From Paycheck to Purpose by Ken Coleman or EntreLeadership or Baby Steps Millionaires by Dave Ramsey to get an idea of your own financial goals and put them in a good order.

You might also like this workbook (https://www.churchofjesuschrist.org/bc/content/ldsorg/topics/self-reliance/2017/14678_sgmb_book_eng.pdf?lang=eng) for giving you some ideas of steps to take in order to start a small business.
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david’s Answer

Please keep in mind that the person giving you that advice should be a billionaire. Otherwise, their advice is subject to being wrong. Anyone else with that knowledge is unlikely to want to share it with you or me or anyone else. In summary, your best hope is to focus on developing skills to support you through a meaningful life, as many can assist there. I wish you the best.
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Jackie’s Answer

Your ambitious goals are truly inspiring, and that's an excellent beginning. Identifying your passion is crucial because wealth can be defined in numerous ways. Being "rich" isn't just about financial abundance; it also includes a wealth of positive experiences and the ability to inspire others through your chosen business.

Running a business, particularly a startup, can be incredibly fulfilling, but it demands dedication to your cause. This implies that you'll need to invest start-up capital and time, so it's essential that you genuinely enjoy what you're doing. You'll be pouring a significant amount of your energy and time into making your business thrive, and it might take a while before you start seeing the fruits of your labor.

Ideally, you should find a business that aligns with your skills, passion, what the world needs, and what can earn you a living. Here's a link that might help you in this journey: https://en.wikipedia.org/wiki/Ikigai. It's a guide to finding your "Ikigai", a Japanese concept that combines the four elements mentioned above.
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