Have you ever decided to deposit your money and generate an income on year basis? It is a long waiting time but it is a sure profit. The concept of this is very simple. In order for banks to give loans to others, they need money. So, when people deposit money there, bank promises to give them small percentage more after a year while they use that money to give loans to other people. Of course, the percentage they take from other people is 20% or less which is insane income. 

Now, that is not important for you, what matter is your deposit money. More you give, more you get because it is based on percentage. Thoughts on this?

It is not unknown that many people earn money by doing content writing and most of the time it is for articles written in English. Now, not everyone is good with grammar which reduces the number of people who can write for other people's blogs, however, not all blog owners are either good with English so they may not notice such mistakes (overlook them). Non the less, content writing is not only limited to article writing. You can write posts and topics (threads) for other forums and be paid to do so. It is lesser than articles but still profitable. 

You may look on this work as a side hustle, but not as a real job.

Have you ever had an idea for business but you never actually spent some time to do a research on how much taxes you have to pay for this or that? Would you just rush into running the startup or you would do in depth research to be sure you are able to handle things? Do you think you should hire accountant to handle your legal stuff or you would dare to do it solo and risk to make a mistake which can cost you a lot?

Have you ever heard an amazing idea for a startup company where you think it will be a success  but because you were not there from the beginning the only thing you can do to join is to invest money. Let's say your friend has no money but has an idea, you offer money to share the business. Would you do such thing?

When you are about to have your own startup company, you can do it alone or with a partner. Now, the risky part of finding somebody to work with is the trust in the first place but also the idea in witch the company should go to. If your ideas diverse even a little, that's a huge problem if company kicks off. Now, how about shares? If it is 50/50, how to deal with upcoming misunderstandings on business plan?

What business would be the best, so to say, nowdays that you can "guarantee" a success? I saw many people are doing podcasts, some are good at it, some are not so good. For example, there is a podcast "Whatever" and it became such a hit because his main topic are relationships and feminism. He always brings women which are, no offense, hoe alike or onlyfans girls so that the audience will be entertained with it. Anybody who donates $100 can ask a question. And the show lasts 3-4 hours per show. 

Do you think podcast is a good to start business or it is a very risky move?

When you are starting your own business, you want to reach as much audience as possible but how to do so, now that's a good question. This, of course, depends on the type of business you are running. If the business is anything web related one of the best approches are social media but what if you make your own website? You can always add it as a signature on forums, you can advertise it on forums or facebook groups or people can reach the website thanks to a good SEO. 

Thoughts on this?

Business mechanization refers to the process of introducing machinery and automation to streamline and improve operational efficiency. In a previous venture, I experienced the transformative impact of business mechanization firsthand. We implemented automated inventory management systems and machinery for routine tasks, significantly reducing manual errors and increasing productivity. This allowed our team to focus on more strategic aspects of the business, such as innovation and customer engagement. This personal experience underscores the importance of embracing technology and mechanization to enhance overall business performance, reduce operational bottlenecks, and position the company for long-term success.

To cut production and manufacturing costs in your business, consider implementing the following strategies:

1. Supplier Negotiation: Negotiate with suppliers to secure better deals on raw materials and components. Building strong relationships can often lead to favorable terms.
   
2. Lean Manufacturing: Implement lean manufacturing principles to minimize waste, optimize processes, and enhance overall efficiency. This includes reducing excess inventory and improving production flow.
   
3. Energy Efficiency: Invest in energy-efficient technologies and practices to lower utility costs. Simple measures, such as using energy-efficient equipment and optimizing production schedules, can make a significant impact.
   
4. Automation and Technology: Introduce automation where possible to reduce labor costs and increase production speed. Adopting technology can also enhance precision and minimize errors.
   
5. Cross-Training Employees: Cross-train your employees to handle multiple roles. This ensures flexibility in workforce deployment, reducing the need for specialized, and potentially more expensive, skill sets.
   
6. Optimized Production Planning: Develop efficient production schedules to minimize downtime and optimize the use of resources. This prevents overproduction and unnecessary costs.
   
7. Quality Control: Implement rigorous quality control measures to reduce the likelihood of defects and the associated costs of rework or returns.
   
8. Sustainable Practices: Explore sustainable manufacturing practices, as they can often lead to cost savings in the long run and appeal to environmentally conscious consumers.
   
9. Outsourcing Non-Core Functions: Consider outsourcing non-core functions or tasks that can be handled more cost-effectively by third-party specialists.
   
10. Continuous Improvement: Foster a culture of continuous improvement within your organization. Encourage employees to identify inefficiencies and propose solutions, creating a proactive approach to cost reduction.
    
11. Economies of Scale: Increase production volumes when possible to take advantage of economies of scale, which can help distribute fixed costs over a larger output.
    

How do you go about when you want to start up a new business venture? Do you always start up all alone with what you can be able to come up in terms of capital or do you look for business partners who are going to merge together for the jew /new start up?