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Forum moderator: Seagull  
Ways of Earning Money
What's the best way of earning money for you?
1. Wage Labour [ 2 ] [28.57%]
2. Small-Scale Business [ 3 ] [42.86%]
3. Big Business [ 1 ] [14.29%]
4. Investment [ 1 ] [14.29%]
Answers total: 7
TeacherDate: Friday, 08.04.2011, 17:32 | Message # 1
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What legal way of earning money do you prefer? Why? What are its pros et contras? Do you really think that it's possible to earn much money in any sphere of "making money"?

In Vino Veritas...
 
NekavaenDate: Sunday, 10.04.2011, 10:18 | Message # 2
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I vote for small-scale business. Of course, people who choose this way may face some difficulties. For example, it will be hard for a businessman to find additional funds and get credits before he becomes famous and trustworthy enough. But on the whole, private enterprise is great. When your business is considerably small, it’s easy to change your plans if the situation on the local market alters rapidly. Also this form of economic initiative allows us to reduce management costs – you can run the business alone and it will be OK! Small-scale business gives more opportunities for showing our creativity and trying all possible ideas – we are our own masters! The turn-over of capital is faster and it’s an advantage too.

Big business doesn’t attract me. It’s hard to become a business giant and it’s also a great responsibility – you have to employ a lot of people and guarantee stable salaries and wages.

Salary and wage labor is the most traditional way of getting money and, maybe, the most stable one. Still if you are a teacher, it will difficult to live on salaries alone.

As for investments, you should be a very enterprising person to use this money-making area. You must have WHAT to invest and should know WHERE and HOW.

I think that an ideal way is a reasonable combination of several ways. For example, a person works at a state establishment and gets a small salary but serves the society. At the same time he or she has an additional business-project that helps to earn real money. It’s possible nowadays, I’m sure. And if the person has what to eat and the business is OK but some spare capital is still left, it can be invested in real estate, children’s education and so on.

It’s always possible to earn money if you know how to do it and choose honest and smart people as business partners. I’m not sure about “a lot of money” though… If we admit that “a lot” means “millions of dollars”, then it’s a matter of luck, I think.


It is not human to be without shame and without desire. (Ursula K. Le Guin)
 
TeacherDate: Sunday, 10.04.2011, 15:55 | Message # 3
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Nekavaen, specialists say that if you choose a small-scale business your way is work, work and work. You yourself have to control everything. You can't have weekends or holidays. Forget about rest. You make money, but you spend too much time and forces. It's said also, that people who are in a small-scale business very often come back to a wage labour. And one more fact is that if you run your own small-scale business, the best way is "to come into" a big business as soon as possible.

In Vino Veritas...
 
NekavaenDate: Tuesday, 12.04.2011, 14:51 | Message # 4
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I see. Now I understand why some people say private business belongs to the most dangerous and crazy enterprises a human can embark on. Still if a person is used to overworking and his or her family members are not against spending holidays alone, it’s not as hard as it may seem from the first sight.

It is not human to be without shame and without desire. (Ursula K. Le Guin)
 
TeacherDate: Wednesday, 13.04.2011, 02:44 | Message # 5
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Nekavaen, you're right, but the fact is that in case of small-scale business you have to work all the time you're running this business.

In Vino Veritas...
 
Former-TeacherDate: Wednesday, 13.04.2011, 09:27 | Message # 6
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Personally, I vote for small-scale business that has a potential for fast growth and development. I would like to run an educational centre or a small-scale institute that will employ 50-100 people total. I don't want it to be a professional Higher Education Institution, but a flexible teaching and training venue for many who are keen on intercultural communication and foreign language learning. The average monthly turnover of capital is best at 5-10 million roubles. I would slo inlcude foreign programmes and study trips.
 
AyayuliaDate: Sunday, 22.05.2011, 16:14 | Message # 7
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I voted for wage-labour, and I want to comment on it. It is all right when you choose small businesses but is it really an easy point to start? When you want to launch your own business you should have an initial capital, and o have an initial capital you should make a lot of money. That’s why wage-labour seems more reasonable.

 
LuckDate: Wednesday, 25.05.2011, 22:13 | Message # 8
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I suppose that small-scale business is the most profitable because it does not demand any huge investments and at the same time it can bring money. Moreover it does not presuppose hiring many employees hence you will not need to share your money with so many people.
I think that wage labour can be a way out as well, you will have to look for a really good place though.
 
TeacherDate: Monday, 06.06.2011, 23:46 | Message # 9
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Luck, the money you get running some small-scale business doesn't correspond to the time and forces you're spending on it.

In Vino Veritas...
 
LuckDate: Tuesday, 07.06.2011, 21:52 | Message # 10
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Do you think so? Hmm...I don't agree... If you hire not so many employees then you'll not have to share the money you'll get. Yes of course, there will be certain hardships when you start your own business...But I suppose if you are a good and competent businessman, you'll be able to overcome the difficulties and to get money after that))
 
TeacherDate: Wednesday, 08.06.2011, 00:09 | Message # 11
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Luck, I don't think so. smile It's a scientific fact. In a small-scale business you have to control everything, because you don't have a professional staff and you don't have enough money to hire professionals.

In Vino Veritas...
 
LuckDate: Wednesday, 08.06.2011, 00:12 | Message # 12
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well yes, but at the same time you are the head of the company so YOU will get all the money. Well, maybe I am not right...I will not argue with the statistics)))
 
TeacherDate: Thursday, 09.06.2011, 00:14 | Message # 13
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Luck, look here:
Quote (Seagull)
It's said also, that people who are in a small-scale business very often come back to a wage labour. And one more fact is that if you run your own small-scale business, the best way is "to come into" a big business as soon as possible.


Btw, Luck, would you like to run your own business? If yes, so what kind of business will it be?


In Vino Veritas...
 
LuckDate: Thursday, 09.06.2011, 00:51 | Message # 14
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My own business...I have never thought about it...I think before that I need to graduate from the university and then I will have some free time and I will be able to dedicate it to my business-plans biggrin probably my own business would be somehow connected with teaching. I think if I manage to establish a reputation as a good teacher than I will have people who will want me to teach them. What do you think?
 
TeacherDate: Friday, 10.06.2011, 09:17 | Message # 15
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Luck, this is also a kind of business, but I don't regart it as at least small-scale business. It's just tutoring. Nevertheless, this idea is good. But will you earn money only in this way?

In Vino Veritas...
 
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