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im young but i have a big dream

Discuss your views about Singapore business & economy, current policies & issues, starting a business in Singapore.
wansbiz
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im young but i have a big dream

Postby wansbiz » Thu, 04 Sep 2008 11:37 am

:) hie all....im just 15 but i want to start a small business that sells easy to make food!! it sounds ridiculous but i believe that business is the onli way to get rich, and when i have money i just wana help poor people and charities...thats my dream!!! i also believe that theres no point studying to get a cert becoz u still cant earn lots of money! the best is still thru business!! almost all the rich people in this world are entrepeuneurs!!! so i may be young but i dream big!! and im confident that my biz will be successful becoz i have my family members to get involve in my business!!! so can anione help or suggest anitin???thank you!

workingtoohard
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Postby workingtoohard » Fri, 05 Sep 2008 1:45 am

i like your enthusiasm for business and it is never too early to start one. I do have the same dream as yours but reality is kinda hitting hard on the businesses I am attempting at the moment.. so you say you want to build a business around making food? Have you tried cooking and sample it around to test the market? You can start from there. Also look to the future as how you are going to expand this business. Charity is always a good thing to do. But there is also a right way to do it. Earning $1k and donating it to charity can help, but only once. But if you earn alot more money, invest it or place it into a savings account and donate the interest earned every month, now that will help forever.

Not everyone can become a SUCCESSFUL businessman.. although most billionaires are businessman, there are also businessman who are bankrupt. I cannot stop emphasizing that education is always important. There is a reason why companies still hire people with degrees, there is value from eduation. I have had people mention that Bill Gates had no education and is now a billionaire, hence education is useless.. And my word to those people is.. you are NOT Bill Gates! Bill Gates makes the best of what he has and not find excuses to make up what he doesnt. If you can, get an education, be it a back up plan, or a path to show comittment to a goal, no matter what, there will be lessons learned that will definitely help you even in starting your business.

mathewhadley
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Postby mathewhadley » Fri, 05 Sep 2008 11:10 am

Part of me wonders (however briefly) who really needs that much width in the seat. It’s nice, sure, but are we all getting that fat and wide that we need 30 inch-wide seat? (Oh, wait, we ARE getting that wide.) The new first class is even wider: 35 inches wide. Practically a meter wide!.
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wansbiz
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Postby wansbiz » Fri, 05 Sep 2008 12:16 pm

tanks for ur wonderful and sarcastic advice workingtoohard!!! i will take into account what u had said!!!thanks!!! but i still have to go thru my olevels 1st!!!

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jacques007
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Postby jacques007 » Fri, 05 Sep 2008 2:32 pm

I would have to agree with education being top priority now.. Of course if you're into business, I've got some recommendations.. But I would suggest you to finish up your Os, get into a Polytechnic and then we talk about business.. All the best for your Os!
You can contact me once you're done with your polytechnic stuff..=)

MikeDirnt
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Postby MikeDirnt » Mon, 08 Sep 2008 2:04 am

should your business fail, what should you fall back on? unless you can inherit a big sum and unlimited amount of money, i suggest you continue with your studies.
Guides and information -> Singapore Stocks

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jacques007
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Postby jacques007 » Mon, 08 Sep 2008 11:40 am

Agree with you...But there are many people who have nothing left and devoted to business totally..They failed once or twice but they found a way out nevertheless.. I always believe that one can take calculated risks.. Of course, I still agree that education is still top most prority..

illa
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Postby illa » Wed, 10 Sep 2008 3:02 pm

lets say one has an education.. is sick of working in their office and can prepare delicious food...

whats next then..

maybe i want to start with a stall at a hawker... do i need licenses from the government... how much rent(im sure there is a wide range) etc...

how much money do I need to start my own food stand?

Winxkid
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Postby Winxkid » Sat, 13 Sep 2008 2:55 am

Doing business is not the only way to get rich :D

Modern world talks about investing and opportunity cost.

If You understand what I'm talking about, I believe that You'll make it :D

btw, if You are thinking of doing food business, You do not need to register with ACRA. You just need to register with MOH and if You are less than 21, guardian required :D
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Tom28
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Re: im young but i have a big dream

Postby Tom28 » Tue, 16 Sep 2008 11:24 pm

wansbiz wrote::) hie all....im just 15 but i want to start a small business that sells easy to make food!! it sounds ridiculous but i believe that business is the onli way to get rich, and when i have money i just wana help poor people and charities...thats my dream!!! i also believe that theres no point studying to get a cert becoz u still cant earn lots of money! the best is still thru business!! almost all the rich people in this world are entrepeuneurs!!! so i may be young but i dream big!! and im confident that my biz will be successful becoz i have my family members to get involve in my business!!! so can anione help or suggest anitin???thank you!



same sentiment here!

so are you starting your business in Singapore?

Singapore has a small market though, so you must do a product that has worldwide customers

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jacques007
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nods

Postby jacques007 » Tue, 16 Sep 2008 11:44 pm

Yup.. agree with the worldwide market too.. However, Singapore is a global hub.. So you're lucky that you are actually starting up a business in Singapore first..

Most companies that have a global market will be able to make profits or diversify their losses better..

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saint73
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Re: im young but i have a big dream

Postby saint73 » Thu, 25 Sep 2008 11:06 am

wansbiz wrote::) hie all....im just 15 but i want to start a small business that sells easy to make food!! it sounds ridiculous but i believe that business is the onli way to get rich, and when i have money i just wana help poor people and charities...thats my dream!!! i also believe that theres no point studying to get a cert becoz u still cant earn lots of money! the best is still thru business!! almost all the rich people in this world are entrepeuneurs!!! so i may be young but i dream big!! and im confident that my biz will be successful becoz i have my family members to get involve in my business!!! so can anione help or suggest anitin???thank you!


:roll: I am agreed that working for pple can't get rich but you are comfortable for a living.

Study to get a cert for your secure if your business din work out as you can find job easily...wat make you thk no point of study???Without more knowledge you can't do biz well also...

Do biz is not easily as you thk...a lot of thngs involve....and also the hardship whether you can tahan....

One of my frenz said to me he will get rich one day for analysis TOTO Number.I tell him you are day dream if that easy no one do biz already...

He tell me that he analysis toto number as last time 6 number almost strike...I advice him that if your analysis is so accurate you must be strike GP 5 or gp 6 often...Dnt even strike this gp then the focus zone is out....as he read some anaysis book...I said to him if anaysis is so accurate they dnt need publish to make profit... :roll:

After I tell him, he always tell me that he is millionaires only the cheque did not bank in yet...his brain already brain wash by this gamble...

He seem do not work a job even 1 year just dream TOTO ONLY to get rich ....I said unless god really want you to get rich...God also do not give lazy pple even any hardwork to get rich...

Dream is good but do not day dream too much as this is the word I had been telling him... :D :D Do you thk I am bad to tell him that??


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