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Community post
Start a business EN
Hello, this is my first post, I hope you like it! I want to give the information in English and Spanish, I am not bilingual but I will use translators and in this way we will also know how effective they are for communication.
You like #money and want to learn how to generate it, here are some steps and my opinion.
The entrepreneur's objective is, from an initial idea, to have the initiative and the decision to undertake a business project that will allow him to enter the market either by manufacturing a product or by providing a service.
Starting a business, undertaking, is very different from running or working for a company. The entrepreneur is who has the intention and creates a company.
From an initial idea, the entrepreneur must have the decision to make his idea come true. For this, you must have the necessary information and tools to facilitate the process.
Decision to undertake
The initial idea
Every business project is developed around an idea, which arises as a consequence of the detection of a business opportunity. The emergence of the idea to create a company varies depending on the circumstances of each person / persons. There are many factors that can lead a person to lean towards a specific business. In general, the factors that determine the choice of the idea are:
Repetition of other people's experiences: it is the reflex effect of new businesses, which occurs frequently in times of expansion of the economy.
New business opportunities in poorly supplied markets, newly created or with a high percentage of growth.
The experience of the future businessman, who has been a worker or manager of another business and who wants to become independent.
Business Plan
The business plan is a fundamental tool for any entrepreneur. It is a document that explains the project from the business idea to the profitability potential, passing through all kinds of information on the operation and various requirements.
Tips for the business plan:
Be concise and get to the point. Investors and finance companies receive dozens of proposals daily, and they go to the essentials. That is why it is so important to attract attention with a good pitch (summary of the business idea) and a good executive summary.
Based on facts. It is very difficult to make a realistic forecast of sales (which then conditions the credibility of the entire report). There is no need to be too optimistic (because nobody believes the approach), nor too pessimistic (because then it is not profitable). It is very important to look for contrasted references that serve as a basis for the hypotheses.
Speak in the present. When presenting the project, it is much better to speak in the future than in conditional, but even better to speak in the present. If we talk about what we are doing, the project immediately becomes a reality in progress, and not a vague dream. By itself, it is not something that will make approval of the financing, but it gives an additional touch of credibility.
Be professional at all times. Conveying an image of security, precision, knowledge and professionalism does a lot.
Business Plan Simulator
Currently there are #business simulators that guide pre-university and future entrepreneurs who are carrying out the business plan of a company of services or technological products.
These tools allow to reinforce the business plan with reports of projections of the results to be achieved in the different areas of the company.
In addition, different scenarios (optimistic, normal and pessimistic) are exposed, being able to include extraordinary events that may occur in the economic and market context.
Start up :D
pd: I invite you to a group where we share information for better content development: Here
Replies (9)
Welcome to Hive. I noticed that you ran out of resource credits. You can check credits at hiveblocks.com . This is your page:
https://hiveblocks.com/@curious-data
I cut the image below from that page. The image showed your resource credits was down to 1.4% after just a few posts. It slowly regenerates.
Hive.blog is a social media site powered by the crypto currency HIVE. The influence of your account is determined by the amount of HIVE POWER you have. The system delegates 15 HIVE POWER to new account. That is not enough. 15 HP gives you enough resources for about 2 comments a day.
You need to buy HIVE POWER to do more.
How much HIVE POWER should you get?
The Upvote Calculator shows the value of an upvote with a given amount of HIVE POWER. If you typed in 15 you would find that power of your upvote is $0.0001 .
Yes, the current value of your upvote is less than one hundredth of a penny! It takes 100 of your upvotes to equal a penny.
Your post says you are starting a business. So you probably want to buy enough HIVE POWER so that the value of your upvote was worth 0.11 . So the amount of HIVE POWER you would need would cost about $270 USD.
You can buy HIVE with exchanges like Blocktrades (there is a link to blocktrades from your wallet). Blocktrades accepts Bitcoin and Ethereum. Other exchanges like Bittrex also buy and sell HIVE.
It is worth while to learn how to buy and sell crypto. Especially if you are starting a business. Buying some HIVE and powering up the account will increase the resources on your account and give you more voting power.
After you buy HIVE, you have to convert it to HIVE POWER.
The catch is that converting HIVE to HIVE POWER freezes the money. You can unfreeze HIVE POWER by pressing the "Power Down" button. Power down converts 1/12 of your HIVE POWER every 7 days. It takes 13 weeks to power down completely.
You don't lose the HIVE you buy. You simply freeze the funds for 91 days. The Price of HIVE varies. The price might drop. The platform might fail and you might lose the investment completely.
Anyway, Hive is an extremely frustrating platform for new users.
The upvote value of new accounts is worth less than a hundredth of a penny. Many people on the platform ignore new users.
NOTE, I have 1927 HP. My upvote is worth 0.18 . He gives upvotes to new users. Sadly, your upvote is worth on 0.0001.
Good luck, I wish you well.
Friend, thank you very much for your information, it is very useful and interesting, I really did not have much knowledge of that now, my question is the HP only controls this amount? How can I do to generate those quantities that you have of hp in a free way is it possible?
You can earn HIVE POWER in two ways: The first is by writing posts. The second is by curation. The amount you make through posts is marked below each post. Your blog shows that your posts received $0.40 in upvotes so far. The payout will take place in 6 days.
The payout formula was created by people who have hundreds of thousands of dollars in HIVE POWER. Half of the payout will go to the author and half to the curators. So, you will get 0.20.
The amount curators get is based on the order of the upvote and the value of their upvote. I was first. My upvote value is 0.02 for curating your two posts. Payroll will make about $0.17 for curating your two posts.
Payroll is making almost as much money as you!
@payroll has 598,717 in HIVE POWER. Payroll makes his money by reading and upvoting posts. He bought $65,000 worth of HIVE POWER. The owner of the account did this so that he can make money by curating posts.
There is a metric called voting power. Each upvote consumes 2% of one's voting power. It regenerates at a rate of 20% a day. Most users upvote ten times a day.
Your account has only 15 HP. The value of your upvote is worth only 0.0001 . The system ignores curation rewards under 0.001 . The result is that accounts with only 15 HP rarely receive upvotes.
I just instructed @vagabondspirit (a business account I own) to upvote your post. His account has 16 HP. His upvote is worth 0.0001 (like you). It is unlikely that this account will get a curation reward because it is too small.
The two ways people make money on this system are through writing posts and curation. Your HP is too small to make money through curation.
Sadly, people on this platform do not like interfacing with new accounts. I think it is great that you upvoted my posts. But the $0.0001 I received from the upvote is not lining my wallet.
I tried earning money without buying HIVE POWER. I wrote 200 posts and over 800 comments. I upvoted over 2000 times. That means I read over ten thousand posts!
I made $12.56 for the effort. That was a huge amount of work for nothing.
I left the platform in dismay. I decided to give it a second try. I bought 0.02.
Good luck.
Thanks friend, I will take it into account, I will make my investment in a while, but I want to try to get votes by advertising my publication, do you know a site?
Welcome to #hive @curious-data
Your most valuable resource is your time. You have limited resources on HIVE. You can make about 2.5 posts a day and you have 10 upvotes a day.
The monetary value of your upvote is worth less than a hundredth of a penny. Your upvote is all about networking.
Your best bet for making it on HIVE is to find communities and contests that interest you. Examine the accounts involved in the community. Check their wallets and the value of their votes.
You might use https://esteem.app/@curious-data . This app shows the value of upvotes to a tenth of a penny.
Try to publish an article every two to three days. The articles will be your primary source of income. Since the number of articles is limited you probably want to put the English and Spanish versions in the same post.
It looks like you made $0.50 on your posts and zero on your comments.
After you publish the article, you should then upvote other articles in the community. You should then use the rest or your resource credits writing comments on other articles in the community.
The purpose of comments is to get people to read your posts.
Check the wallet of an account before you post a comment on the account. If the estimated account value is less than $500, then their upvotes are not over the HIVE dust threshold.
My upvote value is still under $0.02. I did not upvote your comment because I know that you will not get paid for my upvote.
Essentially, what you are trying to do with this networking strategy is to become part of a voting circle that involves large accounts.
The sad truth, is that the method I described neither builds a good business nor does it produce great content.
Friend, thank you very much for the information. It helped me a lot to know what I am facing, I wish you the best of luck and that your content is very successful! excuse me if I don't understand very well but been using the translator to communicate with you a greeting :D
Thanks for the reply. Unfortunately you need to save all of your resource credits for your posts.
The platform is frustrating beyond belief.
Most people understand the constraints. People do not expect replies.
You cannot edit posts. Each edit costs a full resource credit!!!!
I often write a post in my text editor. I wait an hour then edit it to make sure I don't have mistakes.
Since editing posts costs resources, the people on the platform are forgiving of errors.
My guess is that over 200,000 have tried the platform. Only about 10,000 are still active. Many of the "active" accounts are actually robots or second accounts held by one person.
My biggest frustration: When the upvotes on a post receive less than $0.02, they will usually be wiped away as HIVE Dust. I had several hundred posts with upvotes that resulted in no rewards.
I employed a robot called @dustsweeper. Dusty upvotes posts that have votes but are below the dust threshold. You should get a little HIVE for your first votes this week. Send the HIVE to @dustsweeper . The HIVE you send will pay off.
I will upvote your last reply. I have 2,565 HIVE POWER. I will give a 100% upvote at 100% vote power. There is a small chance that this will be over the dust limit. If not, the value of the vote disappears.
PS: Esteem shows vote values calculated to a tenth of a penny.
https://esteem.app/money/@curious-data/start-a-business-en#@curious-data/q8zxmt
Hey, do you remember a week ago -- back when HIVE was trading at 500 in HIVE, you would be sitting pretty on the platform?
I admit, the reason I wrote the post was because I had convinced myself that HIVE was trading at a record low and there was strong reason to believe that it would recover.
Anyway. Today HIVE is trading at $0.40. I would like to reverse my suggestion that you buy HIVE. I now think that there is a strong chance it will drop.
The stuff I said about buying HIVE at a record low does not apply after the price increase.