Business VS Specialized Skill : Advice is Much Appreciated!

[Mashal 7]

If a person has the capital (4000$). However, he does not have the specialized skills to earn a monthly income.

Is it advisable for that person to start a business? Or he must focus on learning a specialized skill first and generate a monthly income?

Need some serious advice!

 

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[Asap_Luca]

I think it depends on the situation, because if you aren’t able to do nothing, even if you have the best idea, you’re not going to make it happen without the skills you need to develop. If you already have an idea, you can start developing the skills you need, and there are a lot of ways to do it, otherwise don’t pick a skill casualty, try first to notice problem or to see what people are willing to spend their money to have something, do your research or pick a skill that is high paying . after you have something you think can be worth, get some feedback even if it’s an idea, and then you can start working on having the skills you need. My two cents

 

[Saad Khan]

Specialized skill if you're young and from a 3rd world country. That specialized skill will set you up for a business later down the road and expand your horizons.

 

[Mr.Maverick]

If you're going to invest in anything , I think it would make sense to invest in yourself and your earning capacity first, especially when you don't have a lot of money.

So I would say specialized skill first(aka you) and then convert skill into a unit.(aka business)

I think you will get a better R.O.I in the long run.

Plus a skill is something you will always have, but a business can go under.

Mj actually mentions this approach.

 

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[Mashal 7]

I think it depends on the situation because if you aren’t able to do anything, even if you have the best idea, you’re not going to make it happen without the skills you need to develop. If you already have an idea, you can start developing the skills you need, and there are a lot of ways to do it, otherwise don’t pick a skill casualty, try first to notice problem or to see what people are willing to spend their money to have something, do your research or pick a skill that is high paying . after you have something you think can be worth, get some feedback even if it’s an idea, and then you can start working on having the skills you need. My two cents

I really thankful for your valuable advice buddy! All the best for your journey.

 

[Mashal 7]

Specialized skill if you're young and from a 3rd world country. That specialized skill will set you up for a business later down the road and expand your horizons.

As a 16-year-old Pakistani, your advice truly resonates with my current situation.

Despite, it being my first query on this forum, the members here are helping Angels.

Best Of Luck For Your Fastlane Journey!

 

[Mashal 7]

Thanks a lot, buddy! The citation assisted me in creating a clear roadmap.

As I was confused between skills and business for the past few days.

 

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[theazizmoh_]

I would develop a specialized skill, like programming, graphic design, digital marketing, sales and so on...

 

[rjdgreat]

If a person has the capital (4000$). However, he does not have the specialized skills to earn a monthly income.

Is it advisable for that person to start a business? Or he must focus on learning a specialized skill first and generate a monthly income?

Need some serious advice!

I would suggest that you follow Mj's guide from flat-broke to filthy rich

View: https://www.youtube.com/watch?v=r_58zPgArb4