RE: SEC-S20W2 | My Business Ideas |Capital Management
No exception for me, when approaching "business" the orientation is on the results, not the process and business management
By relying on existing capital, they and even I were encouraged to pursue a business that was not mastered. The result? Zero...
Since getting to know the platform in 2016 and starting to struggle in the world of cryptocurrency, I have experienced losses due to poor management, I only thought about how to continue to increase profits from digital assets, while not studying in more detail each investment made.
However, on the contrary, based on better learning and business management, I pursued the business of buying and selling used motorbikes, I got a lot of profit from the business, the principle is to buy at a fair price and resell even with a 2% profit.
A year later, precisely in 2007, I started another business in the scope of buying and selling, I bought a used Suzuki Jimny car in 1991, small profits but fast sales.
This is what drives the productivity of the business that I am pursuing so that I can have several cars after a few years.
Business risks remain, and I have experienced losses due to poor sales management. I was cheated and payments have not been completed until now.
The Covid-19 pandemic has impacted the business I run due to declining purchasing power, but I still run this side business as a long-term business.
The business of buying and selling used motorbikes seems like a promising venture, especially with your approach of reselling even with a 2% profit margin. That’s honestly the best thing I’ve read today(not letting go of opportunities in search of big margins)
Let me share a story with you. Back in February 2024, when the crypto market was booming, I was sitting on substantial profits across several projects. However, I kept delaying my decisions, and eventually, all those profits disappeared. Since I don’t engage in futures trading and only trade on the spot market, I still hold onto my assets, but the immense profits I once had are gone for the time being.
You also mentioned the Suzuki Jimny and talked about small profits but fast sales. What’s that all about? Did you use to sell cars around 2007?
I have a cousin who works for a company that sells cars from the UK, Japan, and other countries to buyers in Nigeria, Kenya, Indonesia, and similar markets. He acts as a dealer for the company.
COVID-19 was indeed tough for most business owners, but by the grace of Allah, I was among those whose businesses thrived during the pandemic. As you know, people tend to consume more honey during flu seasons, and since I had just started my honey business at that time, the profits I made were substantial, as I mentioned in my previous post.
I wish you the best of luck with your businesses. Are you only dealing in cars at the moment?
0.00 SBD,
3.24 STEEM,
3.24 SP,
0.00 TRX
I switched to the used car buying and selling business in 2007, Jimny was my first car, initially I did not intend to resell it, because I bought the car for transportation during my mother's coronation check-up (now deceased).
However, it turned out that the used car business opportunity was more promising at that time, I sold it with a fairly large profit, then started buying other cars until now.
I am grateful that this business not only provides benefits for me, but is able to help my parents, for example renovating the house they live in and I am happy to be able to provide the best for them until they both die.
Crypto requires instinct and decision, a trader must have a target, for example with a percentage of the profit that has been obtained, 30 - 50% of the assets owned can be sold, the rest as a reserve when the selling value continues to increase.
USDT reserves as stable coins are important for traders, and I don't do it because I stopped a long time ago.
0.00 SBD,
36.36 STEEM,
36.36 SP,
0.00 TRX