Will I be wealthy by starting a business?



 Newdiscoverybs Reader


  NDBS Answers:


The answer is Yes and No.  It all depends on the kind of business you will be starting.  There are some business which are good enough to sustain you and put bread on the table but may not help you amass great wealth.  Every business is reliant on the demand of the product it produces.  Your business is as big as your market.  But if you have a huge market for the product the chances of becoming wealthy are high.   There are some employees who can make more money more than most entrepreneurs and we can not shy away from that.  Always look for product that will attract more clients unless you want to sell Ferarri type of a product but such product comes with high production cost since it is expensive and is aimed at higher income society which is in minority.


  How do rating agencies come to their findings and which institutes do they focus on? 

Lovemore - Harare

Posted: October 20 2012

 NDBS Answers:


The ratings agencies run credit checks on companies, countries and financial products.  What they do is assess how likely a borrower is to be able to repay its debts and help those trading debt contracts in the secondary market. Credit ratings are used by investors, issuers, investment banks, broker-dealers, and governments. For investors, credit rating agencies increase the range of investment alternatives and provide independent, easy-to-use measurements of relative credit risk; this generally increases the efficiency of the market, lowering costs for both borrowers and lenders. This in turn increases the total supply of risk capital in the economy, leading to stronger growth. It also opens the capital markets to categories of borrower who might otherwise be shut out altogether: small governments, startup companies, hospitals, and universities.


  What determines the wealth of a person, the money the person has or the assets? 

Peter Mbalula - Cape Town

Posted: October 20 2012

NDBS Answers:


Wealth of a person is measured against what the person owns both in liquid assets, meaning any accessible money or assets that can be sold to get money.  The other measure is value of possessions; these are items that cannot be exchanged quickly for cash.  Also the debts one has can be used as the more debts one has that may affect the entire wealth since debts are on arranged payments and creditors can apply for liquidation if they are not paid as per agreement, and if the person is owed that is still counted in the personal wealth is the money is recoverable.  If a person owns a company the assets in the name of the company as not counted as personal wealth.





Top Asked Questions:  

 What Determines Petrol Price in SA

 Procedure To Follow When Registe ring Company In SA





Are you looking for the best web hosting? Be a smart buyer and read hosting reviews before choosing a suitable host.

      New DiscoveryBS (Pty) Ltd ©2011-2018  Terms Of Usel News l #RechargeMyBizAdvisory-Mentorship l Events l NDBS Services l NDBS FAQs l Contact Us l back to top button

                                                                                                                               Content Management and Designs Proudly Done Inhouse By: New DiscoveryBS



Joomla Themes designed by Joomla Hosting Reviews