vania-janet/multiturn-rag-retrieval-data huggingface dataset:
holy Toledo...I agree  &gt; Stop glamorizing entrepreneurship. Stop thinking that business is all about funding rounds, huge, fancy offices and happy teams, 7-figure sums on the bank accounts, freedom, and fame. Because it is not  too bad you have to read to paragraph 7 to get there / start content
Marketing strategy by far was and continues to be the biggest problem.  Choosing and setting up things like corporate entity, billing, data backup, calendars were a distant second problem.  Labor law is too confusing for me to hire anyone but independent contractors.
"You have run up against the ""build a better mousetrap"" problem.  It's impossible to build a better mousetrap than the sprung neck breaker we all know. You might THINK your design is better. *but it isn't*. The market has decided that you can't beat the normal mouse trap. Yes, others are available, and maybe some are cheaper, and maybe some are better, *but the vast majority of sales will always be for the traditional item*.  In marketing terms you are insane if you want to get into the mousetrap business, with a new design of mousetrap."
I agree with some of them, but these lists always fail to mention how important cash is. It's why up and coming billion dollar companies give away large stakes. Have solid cash reserves ready to be used can get you out of any tight jam you may be in. Whether it's paying somebody to fix something for you or covering an unexpected expense.  Cash is one of the Kings in the business world.  Other thing is that networking is a big one. I go to conferences when they are coordinated locally and have met a handful of solid people that way.
Strange that internet businesses in the European Union still survive even though unconditional refunds are enforced by law over here.  Maybe they missed the memo that said they're crushed?  If you don't want to offer refunds, don't sell products.
To be fair, it's kind of hard to compete when you have to spend over $100k per vehicle on medallions, but the competition can just buy a car and start driving.  Don't get me wrong, the medallion system needs to die in a fire yesterday, but as usual when corruption is weeded out, mostly it's the wrong people who end up footing the bill. The politicians who created this racket are the real crooks, but they're not the ones who end up going bankrupt.
"Read ""Rich Dad, Poor Dad"" and learn about Cashflow Quadrants, specifically the difference between being self employed and being a business owner.    The short version is that when you're self employed, you just own your job, and your boss is a complete asshole.  Owning a business is about leveraging the efforts and capital of others, essentially ""Playing the orchestra"" as your instrument.    Edit:  BTW, gorgeous work!!"
&gt; I agree but...  ( i didn't read the article in its entirety!)  Reading it all is kinda key. It says in there that her business had a slow decline over a couple years and was 50% of what it was. So, she probably spent any savings to keep it afloat in the lean years.
You had me until:  &gt; especially on taxes to do business  Well, not really had, but anyways: The taxes business pay in the US are not onerous.  In fact, far too many pay little to no taxes.  The bigger the company,  the less it pays back.  It also takes a generations to go through the theoretical cycle you describe.
Aahhahahah Bestbuy? Are you fucking kidding me? I went to three Bestbuys in two different states this month. Both had at least 150 or so cars in the parking lot and the place was fucking packed.  Yeah, I know it's cool for Reddit to hate Bestbuy, but don't blind yourself in to thinking Bestbuy has a failing business, because it doesn't.
LOL. You think the game is fair, big man? You think its all about that one big idea, and then you're gonna be rich?  Why don't you finish high school, and get a real job and plan your big startup, and then we'll have this conversation.
This article is very one sided. What about us ‘from nothing’ folks?  You’d be surprised how many  of us made severe sacrifices like living in a mobile home or having high numbers of roommates for decades so we could save to start up and then ramp up our businesses.
Well, if no one on reddit understands business, asking a question would be kind of futile. It would be guaranteed to be answered by someone that doesn't know business, which isn't exactly practical. (Not saying I agree with /u/illustrationism.)  On a more serious note, I think the biggest problem with asking questions on reddit is not that there's no one that can give a good answer, but that as someone who actually *needs* to ask questions (and therefore not an expert already), it's difficult to separate the wheat from the chaff when people respond. Good moderation or a userbase that is mostly experts can make it much easier.
Because someone smarter than you by 50 IQ points (a quant) will depart their larger position long before you have a chance to see it coming. Your stop losses are useless as the market will open with the issue below your sell price. Your trade even if place at the same mine would settle after theirs. don't piss in the tall grass with the big dogs. If they are wrong or right does not matter you will be haircut or whipsawed.
Almost seems like someone running a lean distributor outfit could make a killing supplying these businesses.  Basic non-perishables warehoused?  Easy. Gist of the article in that regard looked to be minimums...which no one in their right mind likes, and especially not at their size.  I'm sure there will be a resurgence once someone figures out how to make money off of the void forming in many communities, mark my words.    I've seen supermarkets in areas of Detroit with 2 or 3 surrounding blocks totally burned out that only shut down because the owners made their zillions and decided to quit dealing with the riff-raff of a poverty ridden area.  Though...I think the homeboys firebombed one. Guess mileage varies a bit more in the 'hood.
You keep saying that like it explains everything away.  Sorry.  Not that simple. It's also about (among other things your tiny concept fails to ignore) where these jobs are located vs. where the high levels of unemployment are, and how its tougher for people to travel for job opportunities nowadays because everyone in general has less money, expecting high qualifications and non competitive pay, and so on.   This is way more complex than just simply stating these people can't find employees because the american populous isn't educated enough.      Again, you're grossly oversimplifying the issue.
"I never said a word against going into business for yourself.  The article is about the lies perpetuated by people who stand to gain from you taking ""the long shot"" instead of bootstrapping something in your spare time. You know, the stuff the VCs call ""little dipshit companies."""
I understand your point, but at the end of the day the CEO does know why businesses like his aren't doing well and yet they are still unable to be competitive. That is one of the cornerstones of capitalism, so as entitled as it sounds (I personally don't think it's entitlement) they actually do need to change their entire business model or die and start over. That's a sad fact, but you can't be upset that people generally have less money to spend these days.
He's not saying his business couldn't make it. He's saying the cut into his profits and diminishing returns on his efforts and stress would no longer be worth it and he would rather just retire.  He makes it clear at the end that he's going to be fine either way. He has plenty of money, but he's not going to put in his time, effort, and energy for less and less money.   If he closes up shop because it's not worth it to him, he'll be fine but his workers will be fucked. I hope they like their rules and regulations when it puts them out of a job.
This is all it.   Customers spend 20 minutes trying to figure out the menu. Waaay too many items and too many complexities - 2 for $20, pick 2 apps &amp; pick 3 apps vs ½ priced apps during happy hour, etc etc...
The manufacturing world generates enough RFQ's that you can survive off of a professional looking website, good SEO, and a solid Google Maps listing. Make it easy to be found and the customers throw themselves at you, it's pretty amazing in my experience.
Only a failing businessman looking for excuses outside of himself would be ok with negative growth in sales during an economic uptick. This has nothing to do with political ideology and everything to do with political/economic landscape. How that landscape is navigated is what really matters here.
I sell electricity. When I send you a bill, my actual profit makes up a tiny portion of the bill - but I've already paid the four other groups (G, T, D, Gov) and my other costs are what they are. If I don't get paid, that's my problem - the generator got paid, the transmission and distribution companies get paid, and the government sure as hell gets paid. So I'm easily out $99 on a $100 bill.
Very good point. However, I would say stability.  Say I could just continue doing this one the side of my regular job, couldn't I do both?  Edit: I don't know why I keep getting down voted... I'm literally just asking valid questions.
Agreed, and as a side note, I've completely walked away from BI as a legitimate source of any business news. This article is a great example, completely hollow, lacking any real substance. Shit, I could ghost write my own BI featured SUCCESS story and it would be better than this drab.
Medicare, company liability for employee healthcare, increased disability insurance, increased work comp insurance from indirect medical cost increases.... 0.9 could end up closer to 9% or more.  It's not about Rich people being less rich, they'll always be ok, but at a certain point you get deminishing returns on your efforts. If the government deincentivizes having a larger work force or this or that, some companies will simply sell and close shop.   I've seen it happen to hundreds of independent retailers who are in their senior years. Cost overhead is up, margins are down, why put yourself through the stress for less and less??  Don't worry though, the government (that changes every few years) will take care of you!
They are being propped up by their own debt most of the time. Just because someone does better or plans better than you, doesn't mean they took anything from you.  There is no pie wealth is not finite. Its a myth. We not even coke vaguely close to the wealth creation potential of our species. Technologically we are still enfants but progressing pretty fast. Every day something that use to be hard becomes easy, not just for some but for everyone. Something that used to be impossible is just around the corner all the time. You are richer every day. Whether you want to admit it or not.
i dont think hes as invested in the business as he wants to be. i think he wants someone else to help him with the work and overall load. He is also not very organized and i think he needs someone whom he can trust to manage alot of the menial paperwork.
Why is gawker always loaded with cynical nerd rage?  I think more people are starting to realize that Mom and Pop shops aren't so Mom and Poppy anymore. Sure its great if a local store can provide excellent service and prices, but that's rare even now.
One of the easiest mistakes to make in business is assuming that your own anecdotal experience applies to everyone on earth. It doesn't, you'd be surprised how different people can be sometimes. People do see and click on ads, you just don't belong to this group, but it's very much alive. And while Ad Blocker usage is increasing it pales in comparison to the amount of people using the internet on a regular basis; it will always represent a small percentage of the internet population.
The issue is online stores driving prices down and that drives down revenue and more importantly profit.  The most effective way to cut costs is to cut wages and that leaves uneducated and under-qualified employees at a retail establishment.   The business model simply cannot be sustained.   Walmart has it right.  Leave everything to the consumer to decide and neglect to give them assistance.  Until a sales associate earns more than their wage in profit, they are losing the company money (assuming their only job is to sell).  Electronics sales has very little profit outside of the extra items such as cables, cases, protection plans, etc. So they really have to be a professional sales associate to be valuable.  Professionals cost money and become the managers (or more) which brings us back to the uneducated and under-qualified associates that walk the floors.
sure, thats the whole purpose of getting yourself to a point where you can run a business    to take that away because it causes an 'imbalance' is like taking away someones savings because its not fair that they have money to bargain with against someone who has no savings
&gt;The people that are successful are the ones who had the wisdom, intelligence, and/or drive to capitalize on that moment.   And were lucky enough to have had parents who gave them the genetic predisposition to act that way. You could have just been born an idiot, or in a location where you would not be given that moment, and there is nothing you can do to stop that.
Electrical engineer here, of my friends and colleagues their success in business has been directly correlated with the work they put into becomming skilled at what they do.  I will admit the super-success of becomming a billionaire depends on a great deal of luck in addition to all that hard work, but even the unlucky, hard working ones are living comfortable lives.
This is bullshit.  It's only doing what it's programmed to do.  This completely avoid the issue of: 1) who did the programming to make a business this way? 2) is this, in any way, ethical?  Cancer cells are just doing what they do best, so much so that they excel at doing what they do.  Doesn't make them good for the organism.
(I don't know much. Wasn't educated much. So forgive anything stupid I say)   But why would anyone try to make it big then? The goal for a lot of people is to work like crazy so they can live a comfy life and so their kids won't have to work so hard in their lives or at least be taken care of.
"One of the things I love to do is to find big patterns in things. When an effect is the result of human decisions, then since people are involved in lots of stuff you should generally be able to find large commonalities of behavior.   In this case, it's really ""Who Moved My Cheese?"" Over and over we see industries that fear change and fight the change with lawsuits and dirty tricks. This can be traced down to the idea that a large number of managers and executives aren't that *creative* but know how to politic their way into jobs. (It's not what you know...) While I doubt they would recognize this, the threat of market upheavals scares them because they don't know how to deal with it - it introduces fear, uncertainty, and doubt. So they use the tools they know - lawyers.   In the meantime, the Sergey/Pages, Jeff Bezos, Steve Jobs, and Reed Hastings of the world see the ""brilliant!"" path and essentially duck through the giant's legs (not all the time, mind you. Ask Preston Tucker)"
Soon, within that company, G is a highly-regarded animator or director and has attracted fame amongst colleagues and clients. Eventually, G hears of a company (XYZ Hotel) that needs a TV ad made. (Or an animation, or whatever.) G says to XYZ, look, you could spend $230,000 with a production company, and in reality they'd have me direct it anyway. I'm leaving to work independently, so I will do your job for only $190,000. In a word, XYZ says ""Yes"" and hands over a cheque for $190,000. G spends $160,000 on the usual actors, cameramen, editing, etc, and uses 2 months of G's own time, and pockets $5000 after tax. G then doesn't get a job for a couple months, and then gets three more in the new year. Because the commercial for XYZ was so good, XYZ gave him another couple to do, for another product line. Eventually G has just enough money coming in that he ""hires"" a few freelance people for a few weeks here and there ... a cameraman, illustrator, gopher, and so on. Eventually G has enough TV ads solidly booked G can risk actually hiring long-time friend P as a producer. P spends most of her time actually bringing in more work - and it builds from there. Eventually. You have a very busy, well-known in the industry, TV commercial production company with many staff and endless clients (example, say, http://rsafilms.com) It might be at some point in there (say, around year three), G would like to borrow the odd million bucks to basically ""help with cashflow."" The answer to that is nothing more than ""through business contacts, G knows a wealthy dentist/whoever who is prepared to do that."" But note carefully that at that point, G's company is already very firmly established, famous for doing 20 spectacular animations/commercials, and so on. (Note too that 999 times out of 1000 when this happens, the money evaporates and the dentist D never sees a penny back.
Thanks. It's a continual work in progress but I suppose anything worth doing is. Good to be working on something you are passionate about, because you'll hit many, many, many roadblocks and hurdles along the way and if you aren't committed, the easy route is to fold. So I think starting from a passion and hobby is always good.
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He's one of the insane few that get high just off the pursuit and risk of money. Even then though, part of his desire for success may come as a desire for recognition among his peers, which is a driving force for many according to the article. The money is just the scale in which he measures his personal success and respect.
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"I firmly believe in ""the acorn that becomes the oak tree"" - treating people with respect isn't simply the right thing to do, it's good business. Everyone has to start somewhere.   I'm very competitive as well as empathetic; there is room for both traits in finance."
Also find a way to sell some products to people you drive so they spend more money with you. For example a photo of them on your TukTuk or a small toy TukTuk that's also colored yellow like yours. People will buy them for those kids and for memories
It's been against their best interest to make a profit up to now. They invest everything they have into, in theory at least, making the product better and increasing user numbers. Only when the active user numbers are high enough do they try to make huge profits. Sounds like that time is starting now.
"Um no.  Easy google. ""What makes stock prices go up?""     &gt;This is how it works with stocks; supply is the amount of shares that people want to sell, and demand is the amount of shares that people want to purchase. If there are a greater number of buyers than sellers (more demand), the buyers bid up the prices of the stocks to entice sellers to get rid of them.  So sure, if a company is performing well, people will want to buy the stock. Causing it to go up.  But even if a company was performing well and no one wanted to buy the stock.  There would be only sellers and the price would go down."
A lot of it boils down to these key points:
Có những người kinh doanh, đầu tư, giao dịch chỉ có thua lỗ … họ không biết tại sao ? =&gt; Thuyết Ngũ Hành có thể lý giải nguyên nhân cho chúng ta biết…  Làm việc gì cũng phải thuận theo tự nhiên thì mới Thành Công !
Miami Florida is one of the most treasured destinations for doing business. Not only for speaking, but Americans and people from all over the world. Its climate and buy a business in florida infrastructure make them the cradle par excellence of many immigrant entrepreneurs. Being a cosmopolitan city the competition is very arduous - but very possible if you devote the energy you should. When you decide to undertake, perhaps, the first thing you think is to throw something from scratch. And that involves a time of creation and development, testing, validation, market research and customers.
If you introduce a new language and all the successful people start to use it, then you have changed the norms of an entire culture.   It used to be citizens and duty.   Now it is consumers and returns on investment.   Somehow MBA language and graduates are responsible for changing our entire perspective into valuing everything monetarily.
I like your Bill Cosby 'Huckstable' style explanation, but it's just not right. When your back is against the wall, things happen differently, more dynamically with unpredictable stuff going on. Like people helping you out and you helping people out. And other stuff...odd jobs, garage sales, etc.
Unlucky is accepting the fact that there isn't anything you can do about your current situation. If the person in the slum is selling drugs, why wouldn't it work to make friends and get to know people? Aren't all of them your potential customers?  The point that I'm trying to make is that there's more to it than just hard work. It's networking and having some sort of understanding or intuition about the climate of your industry.
It sounds like you're drastically oversimplifying basic business economics, and implying that any company is just as well off breaking even (zero profit) as it is with turning a big profit. This is blatantly incorrect and naive. For one thing, it is certainly be easier to justify expansion or attract new investments if your company is profitable.
Apple very nearly died, taking all of those jobs and a future of iPods and iPhones and such with it.  Steve Jobs, at the very least, saved jobs, and probably created many as well.  Creating new products that people really want is the essence of progress.
Few companies are on such small margins that a tiny flip would cause profitable to unprofitable. But say overhead mandatory costs like insurances and other liabilities already eat up 60% of your gross profits then you're faced with another 5-15% increase in these costs.  Would you continue working for only 25% of your gross profits? If you're already rich, why not retire? That's exactly what this guy is talking about.   The guy obviously worked hard and sacraficed to get where he is, but at a certain point you receive less and less benefit from your efforts.
Sales talent is very rare. The sales process for B2B is not like your door to door vacuum cleaner sales man. Usually, procurement puts out a sale for bid. Sales teams have to compete against one another for the business. Usually, its a 4-5 vendors competing for one spot. One team eats, the rest go hungry.