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spencer
spencerEnlightened Mentor
Asked: April 28, 2024In: Money & Business

Different Between Business and Investment?

Between business and investment, what’s the best one can indulge in that offers more profit potential, which of them has more risk?

Between business and investment, what’s the best one can indulge in that offers more profit potential, which of them has more risk?

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businessbusiness tipsinvestment tips
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  1. eldavis
    eldavis Enlightened Mentor Graphic designer
    Added an answer on May 5, 2026 at 5:14 am

    Business simply involves actively running a company or enterprise to produce goods or services. It requires ongoing management, decision-making, and often involves direct involvement in operations. For example, owning a restaurant and managing its daily operations is running a business.An investmentRead more

    Business simply involves actively running a company or enterprise to produce goods or services. It requires ongoing management, decision-making, and often involves direct involvement in operations. For example, owning a restaurant and managing its daily operations is running a business.

    An investment on the other hand, refers to allocating money or resources into an asset or venture with the expectation of generating income or profit over time. Investments can be more passive, such as buying stocks or real estate. 

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spencer
spencerEnlightened Mentor
Asked: June 1, 2024In: Money & Business

How To Start a Car Wash Business?

If you own a car and you’ll want to keep it clean, which is a need, how to start a car wash business that caters for this need? What are the requirements?

If you own a car and you’ll want to keep it clean, which is a need, how to start a car wash business that caters for this need? What are the requirements?

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businessbusiness tipsmake money
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  1. Augusta
    Augusta Enlightened Mentor
    Added an answer on May 5, 2026 at 3:46 am

    Car wash businesses require significant initial investment. But There's no fixed startup cost, the actual amount you need to get started will depend on factors like rent, personal cost, equipment, materials etc. The major cost components include land acquisition, construction, equipment, permits, anRead more

    Car wash businesses require significant initial investment. But There’s no fixed startup cost, the actual amount you need to get started will depend on factors like rent, personal cost, equipment, materials etc.

    The major cost components include land acquisition, construction, equipment, permits, and working capital reserves.

    The current equipments, tools and materials you need to start a Carwash business includes Pressure Washer Machine Water storage tank Generator Industrial Vacuum cleaner Buckets Hoses and Nozzles Brushes and Sponges Cleaning chemicals etc

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eldavis
eldavisEnlightened Mentor
Asked: September 23, 2023In: Money & Business

starting up a lucrative that goes against your values?

Would you ever startup a lucrative business that goes against your values? Lets say for example you come from a Christian family, these days night clubs and bars are becoming extremely lucrative, would you startup such business even when it ...Read more

Would you ever startup a lucrative business that goes against your values? Lets say for example you come from a Christian family, these days night clubs and bars are becoming extremely lucrative, would you startup such business even when it goes against your values?

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  1. yusra
    Best Answer
    yusra Trusted Adviser
    Added an answer on September 24, 2023 at 3:48 am

    Starting a lucrative business that goes against my personal values would present some ethical dilemmas that require careful consideration: - I would first reflect deeply on which core values are being compromised and why I feel uncomfortable with this business. Financial gain at the expense of princRead more

    Starting a lucrative business that goes against my personal values would present some ethical dilemmas that require careful consideration:

    – I would first reflect deeply on which core values are being compromised and why I feel uncomfortable with this business. Financial gain at the expense of principles is risky.

    – However, I should assess if aspects of the business model could be modified to better align with my values while still being profitable. There may be a middle ground.

    – I’d consult trusted mentors and advisors to get external perspective on the ethical implications of this opportunity.

    – If I proceed, I would establish ethical safeguards and practices for the business to mitigate any negative impacts as much as realistically possible.

    – I’d consider if I can use a portion of the profits to advance social causes that do resonate with my values. This balances some of the moral trade-offs.

    – Radical transparency with customers and contributors on my motivations and deliberations is paramount. Complete honesty builds trust.

    – There may be partners who share my values who could help steer the business in a more ethical direction over time. Bringing in diverse views prevents tunnel vision.

    – I need to be ready to course-correct if the business devolves in ways that disturb my conscience. Walking away may eventually be necessary.

    Overall, just because a business opportunity is lucrative doesn’t mean it’s right for me. But with due diligence and integrity, sometimes a middle road can be found. Compromising too far on one’s principles rarely ends well, however. Discernment is key.

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Mika
MikaExpert Mind
Asked: September 10, 2023In: Money & Business

Investment or business, which makes you rich faster

Will investment make you rich quicker or will business help you to become rich faster? Investment or business, which one will grow your wealth faster?

Will investment make you rich quicker or will business help you to become rich faster? Investment or business, which one will grow your wealth faster?

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businessinvestment
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  1. Hephzibah001
    Hephzibah001
    Added an answer on September 12, 2025 at 10:35 am

    Business can make yiu rich faster because it offers unlimited income potential bit it carry high risk,investment build wealth slowly but securely with lower risk and stronger long term stability....business is the best for quick wealth creation while investment is best for preserving and multiplyingRead more

    Business can make yiu rich faster because it offers unlimited income potential bit it carry high risk,investment build wealth slowly but securely with lower risk and stronger long term stability….business is the best for quick wealth creation while investment is best for preserving and multiplying wealth.The smartest strategy is to use business profit to fund investment

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Jewel
JewelKnowledge Seeker
Asked: August 15, 2023In: Money & Business

What are the functions of loan?

In the whole universe largest amount of people a poor,some not because they are not able to start up their own business but no capital, so what is loan? And what are the functions of loan to an individual?

In the whole universe largest amount of people a poor,some not because they are not able to start up their own business but no capital, so what is loan? And what are the functions of loan to an individual?

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businesstalking loan
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  1. aboy01
    aboy01 Trusted Adviser Digital Entrepreneur | Knowledge Sharer | Smart Income Mentor
    Added an answer on May 4, 2026 at 8:18 am

    A loan is money borrowed from a lender (like a bank or individual) with the agreement to repay it later, usually with interest.Functions of a loan to an individual:Business startup capital – helps people begin or expand a business.Emergency support – covers urgent needs like health or repairs.InvestRead more

    A loan is money borrowed from a lender (like a bank or individual) with the agreement to repay it later, usually with interest.

    Functions of a loan to an individual:

    1. Business startup capital – helps people begin or expand a business.
    2. Emergency support – covers urgent needs like health or repairs.
    3. Investment opportunity – allows funding of profitable ventures.
    4. Improved living standard – used for housing, education, or assets.
    5. Cash flow support – helps manage temporary financial shortages.

    When used wisely, loans can create opportunities, but misuse can lead to debt problems.

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eldavis
eldavisEnlightened Mentor
Asked: September 23, 2023In: Money & Business

how do you handle uncertainty and fear in business?

one thing affecting so many business men and entrepreneurs today is the fear of the unknown. Due to fear a lot of persons have refused to take a step further in growing their business. As an experienced entrepreneur, how do ...Read more

one thing affecting so many business men and entrepreneurs today is the fear of the unknown. Due to fear a lot of persons have refused to take a step further in growing their business. As an experienced entrepreneur, how do you deal with fear and uncertainty? 

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  1. aboy01
    aboy01 Trusted Adviser Digital Entrepreneur | Knowledge Sharer | Smart Income Mentor
    Added an answer on May 3, 2026 at 7:56 am

    Fear and uncertainty are part of every business journey—you can’t eliminate them, but you can manage them. Start by turning fear into information: research your market, test ideas in small steps, and learn from feedback. Set clear but flexible goals so you can adjust when things change. Focus on whaRead more

    Fear and uncertainty are part of every business journey—you can’t eliminate them, but you can manage them. Start by turning fear into information: research your market, test ideas in small steps, and learn from feedback. Set clear but flexible goals so you can adjust when things change. Focus on what you can control, not what you can’t. Build confidence through action—each small win reduces fear. Finally, accept that failure is not the end, but a lesson that sharpens your next move.

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Mike Smith
Mike SmithKnowledge Seeker
Asked: August 23, 2023In: Money & Business

What would you say is a successful business?

There is absolutely no business owner of business manager that would want to establish a suffering or unhealthy business, because at first before an individual establishes a business he or she have division or goal and objective to manage and ...Read more

There is absolutely no business owner of business manager that would want to establish a suffering or unhealthy business, because at first before an individual establishes a business he or she have division or goal and objective to manage and operate such business down to successfulness, managing and operating a business today is absolutely not an easy activity because it requires a whole lot of other subdivided activities which if not done properly can lead today overall folding up of such business.

Personally I would say that’s a successful business is a kind of business that have full control over all its assets and liabilities, I would also say that a successful business is a kind of business with good reputable and hardworking person else in terms of employees and employers. What would you say is a successful business guys?

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  1. aboy01
    aboy01 Trusted Adviser Digital Entrepreneur | Knowledge Sharer | Smart Income Mentor
    Added an answer on May 3, 2026 at 7:51 am

    A thriving business goes beyond just making money - it's about being sustainable, well-run, and reliable. It sets clear objectives, manages finances well, keeps customers happy, and has a skilled team. Being able to adjust to changes, solve issues effectively, and uphold a positive reputation are keRead more

    A thriving business goes beyond just making money – it’s about being sustainable, well-run, and reliable. It sets clear objectives, manages finances well, keeps customers happy, and has a skilled team. Being able to adjust to changes, solve issues effectively, and uphold a positive reputation are key. Real success involves finding a harmony between growth, stability, and creating lasting value, not just focusing on immediate profits.

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Ceejay76
Ceejay76Newcomer
Asked: August 8, 2023In: Money & Business

How to make money from wholesale business?

First of all we need to know wholesalers are and how someone can make money from wholesaling business. How can I make money from wholesaling and what should I consider to succeed in my wholesaling business?

First of all we need to know wholesalers are and how someone can make money from wholesaling business.

How can I make money from wholesaling and what should I consider to succeed in my wholesaling business?

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  1. aboy01
    aboy01 Trusted Adviser Digital Entrepreneur | Knowledge Sharer | Smart Income Mentor
    Added an answer on May 3, 2026 at 7:39 am

    Wholesaling means buying goods in bulk at low prices and reselling to retailers or consumers at a profit. To make money, choose high-demand products, negotiate good supplier deals, and keep costs low. Focus on fast-moving items and build strong relationships with buyers. Success requires good marketRead more

    Wholesaling means buying goods in bulk at low prices and reselling to retailers or consumers at a profit. To make money, choose high-demand products, negotiate good supplier deals, and keep costs low. Focus on fast-moving items and build strong relationships with buyers. Success requires good market research, pricing strategy, reliable suppliers, and efficient distribution. Start small, reinvest profits, and scale gradually.

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Donflex
DonflexNewcomer
Asked: September 12, 2023In: Money & Business

Why do some people prefer Quantity instead of Quality ?

Cause in a situations where time is limited, people might choose to produce or consume more quickly, sacrificing quality to meet deadlines having a greater quantity of items or experiences can provide a wider range of options, which some individuals ...Read more

Cause in a situations where time is limited, people might choose to produce or consume more quickly, sacrificing quality to meet deadlines having a greater quantity of items or experiences can provide a wider range of options, which some individuals find more fulfilling or exciting than having a few high-quality ones.

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businessmoney
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  1. eldavis
    eldavis Enlightened Mentor Graphic designer
    Added an answer on May 3, 2026 at 5:23 am

    There are actually various reasons as to why most people might prefer quantity over quality. In most cases, it might be due to the state of their pocket, they might not have the resources to buy quality, so they simply go for quantity, this way they can get value for what they paid for. While some fRead more

    There are actually various reasons as to why most people might prefer quantity over quality. In most cases, it might be due to the state of their pocket, they might not have the resources to buy quality, so they simply go for quantity, this way they can get value for what they paid for. While some feel having more gives them more options than having a single original product. 

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Crystal
CrystalKnowledge Seeker
Asked: September 11, 2023In: Money & Business

How did wholesalers make money ?

How did wholesalers make money  ? I know some times wholesalers act as a trader in buying and selling of goods and rarely interact directly with consumers. Explain with details about the difference ways on how wholesalers make money from their trading.

How did wholesalers make money  ?

I know some times wholesalers act as a trader in buying and selling of goods and rarely interact directly with consumers.

Explain with details about the difference ways on how wholesalers make money from their trading.

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  1. Augusta
    Augusta Enlightened Mentor
    Added an answer on May 3, 2026 at 4:24 am

    Wholesalers most money making avenue is purchasing goods from manufacturers in bulk, usually at a discounted rate. Then, wholesalers sell the goods to retailers at a higher price to make a profit. However, this price still offers a bulk discount to the retailer. They cab also make money with giveawaRead more

    Wholesalers most money making avenue is purchasing goods from manufacturers in bulk, usually at a discounted rate. Then, wholesalers sell the goods to retailers at a higher price to make a profit. However, this price still offers a bulk discount to the retailer. They cab also make money with giveaway from the producers or buying on credit to sell and make more money.

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