Page 22 - Millenial Finomics Issue 1

I always listened to my cus-
tomers and their needs, and
always leads me to success
because of it.”
Based on his experience and
success, he gave the word for
those entrepreneurs or young
passionate pupils who want to
enter the field, especially now,
about what specialty or area of
investment holds up potential
success for those young en-
trepreneurs who would like to
start. He said he believes that
the upcoming period has so
many online opportunities. It’s
an e-business. It is booming so
much. It’s the future. “I believe
that any entrepreneurs head-
ing now, e-business is the
lowest risk and the highest
return possible. It’s just the
culture of the people who are
starting to change. A lot of
people are starting to head to
buy their stuff online. So if
you start your business nowa-
days, it’s a great opportunity
to start your online platform
through an online shopping
store. Whether in any differ-
ent fields, cosmetics growth.”
He explained it by clarifying
the challenges one might face
when opening a business be-
cause when you open a busi-
ness, you put your money in the
bank, you don’t have any bar-
riers, psychological barriers, or
economic barriers that give you
a chance or push you to open
your own business. So people
prefer to put their money in
banks, but business owners take
a huge risk. At the same time,
they reinvest their profits into
the business so that the country
Aligned with it, having an app Now, that is from the business enforces tax on them from the
or a, or making a website, but perspective, let’s go to the eco- potential of growth.
the e-business itself needs a lot nomic outlook. Now he was
of development in Egypt. He asked if you have the power to He followed saying, “So I
thinks there are significant gaps implement economic policies, would remove the taxes from
in it with so many opportunities, what are a few changes that people who reinvest their
“I believe it’s a great chance you’d like to see in the economy profits into their businesses
for all entrepreneurs to start that could perhaps help business or opening new businesses
digging and mining into this owners? And as many business because they will hire new
field specifically. And this op- owners think, the immediate an- employees. They will rent
portunity is because it gives swer was taxes. new stores; they will do a lot
them the chance to have a of stuff. So I believe that do-
lower risk and higher return “Yes, actually, I would ing such a thing will encour-
and fill substantial gaps in change one essential aspect, age many business owners
the market that would satu- which is removing taxes from to expand and reinvest their
rate them and avoid them at business owners who reinvest profits, not by taking them
huge losses that they can en- their profits into the business and just buying luxury stuff
counter if they open a physi- because people don’t pay tax- for themselves. It will change
cal business.” he clarified. es on their money in banks.” a lot.” The idea of reinvesting
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