Why The BEST Entrepreneurs Are Not Millionaires? (And How To Be the Exception)

[@leonardowolff2177]

You got to loose morals to be rich kkkkkkkkkk they are not rich because they dont want to exploit people and dont want to mislead customers or get dirty money to grow their business. They live for the community! They are not greedy. They respect the value and limits of their work and others.

[@Sergio.Barrientos]

Not really. There are good and bad examples in any industry. Not all businesses have to exploit their customers and workers in order to be successful. Although you can argue that the big ones have some unethical practices (and they do). If you are solving a real problem or necessity in the world, like great entrepreneurs do, but you forget to use business management, then you will not be able to impact everyone that needs that solution in the most effective way. Imagine you found the cure for cancer (solution to a problem), but you don't care about marketing, logistics or finance. You would probably end up not providing the solution to all those people that need it (lack of marketing), you don't have a supply chain infrastructure to get raw materials and send the end medicine (ineffective logistics), and you will not have capital to build big factories (poor finance management). That's why even though some people are bad, we could make the difference by being good while also being richer than before.

[@leonardowolff2177]

@@Sergio.Barrientos entrepreneurs are not the problem. The problem are the capitalists. Ther is a big difference between an entrepreneur and a capitalist. The entrepreneur has the mentality focused on solving problems and help society. The capitalist is focused on accumulating money and power. For him, solving problems and helping customers is a secondary thing. They do anything to maximize profits, even hurting the company. Those people in bolivia want to do good. They wouldn't do the things necessary to grow their business into a giant company because they know they will have to abandon their morals.

[@Sergio.Barrientos]

I understand your argument. Although most entrepreneurs are capitalist by nature, because they own their business and they own the means of productions (even though they are also the only "worker" of the business most of the times). Some businesses follow Milton Friedman's philosophy of maximizing shareholder value no matter what, as you mentioned hurting even their own business in the process. With that said, you can't stop thinking about solving problems and helping customers, because you will go out of business. That's why new entrepreneurs and capitalists know they can't just accumulate money for the sake of it, the profit has to be the end result of solving problems and helping people. It is utopic to say everyone will eventually do that, but new businesses are starting to make advances towards that. Before the 2000s, you didn't have any Sustainability reports, social responsibility departments, environmental protection practices, and ESG standards, right? But now we do have them, some follow good practices and other people do as you say, destroy the planet for their own benefit. I believe entrepreneurs can use the growth and wealth generation nature of capitalism to get the best out of both worlds, as I mentioned in the video. Some people start being greedy when they accumulate more and more wealth, that is true. Therefore, we should train our minds to keep focusing on helping people no matter the size of the business, don't you think?

[@leonardowolff2177]

@@Sergio.Barrientos being a capitalist is not only owning the means of production. Capitalism is a behaviour. I love and respect entrepreneurs. They are workers that are highly qualified and have the talent of leadership. There is no problem owning means of production. The problem is owning something with the intent of using it to make money no matter what and doing it only for the money.

[@Sergio.Barrientos]

@@leonardowolff2177 Yeah, I totally agree with you. Anything really should have a purpose in life (and hopefully a good one), you should have money, friends, family, ideas, and anything with a good purpose. Making money just to make money is bad, as well as having friends and ideas just for the sake of having them. You touched the root cause of most problems in our society today, we lack (most of us) purpose.

[@Sergio.Barrientos]

@samon_kurowassan brooooo, YT flagged your comments and doesn't let me choose to let them stay in the comment section. You were right about the “modern logic” thing because it's so ridiculous to censor your comments when you haven't said anything wrong imo. I'm still going to screenshot the notifications history and make that video though, HAHHAHAH. Such a dumb policy man.

[@samon_kurowassan]

Yeah KZbin had been deleting my comments. Dude, you’re right, it’s just trash talk. Why does KZbin have to censor me like I bullied you and traumatized you for life? This why Gen Zs are so soft, it’s because of all these babying done by social media. It’s real life, people can have bad opinions about you and you must learn to take it. That being said, absolutely, I don’t care what you say about me, I want to help you make money because I know how hard it is to do so especially in our generation. I have spent half a decade being broke, trying to put up my business. I was in the renovations business but even though I was at the lower end of the reno market, it’s still a high ticket item and only few people could afford it so the cost to acquisition was ridiculous. To circumvent the acquisition cost, I increased the development time so it took 5 years, including all the studying and soul searching. Finally found an entry level to ladderized my offering and got the business to work. The last part, I just wanted to share. Good luck 👋

[@samon_kurowassan]

Yeah KZbin had been deleting my comments. Dude, you’re right, it’s just trash talk. Why does KZbin have to censor me like I bullied you and traumatized you for life? This why Gen Zs are so soft, it’s because of all these babying done by social media. It’s real life, people can have bad opinions about you and you must learn to take it. That being said, absolutely, I don’t care what you say about me, I want to help you make money because I know how hard it is to do so especially in our generation. I have spent half a decade being broke, trying to put up my business. I was in the renovations business but even though I was at the lower end of the reno market, it’s still a high ticket item and only few people could afford it so the cost to acquisition was ridiculous. To circumvent the acquisition cost, I increased the development time so it took 5 years, including all the studying and soul searching. Finally found an entry level to ladderized my offering and got the business to work. The last part, I just wanted to share. Good luck 👋

[@ledzep9604]

Qué hablas de mi país? Ni vives aquí