Page 23 - Millenial Finomics Issue 1

I always listened to my cus- He explained it by clarifying

tomers and their needs, and the challenges one might face
always leads me to success when opening a business be-

because of it.” cause when you open a busi-

ness, you put your money in the

Based on his experience and bank, you don’t have any bar-

success, he gave the word for riers, psychological barriers, or

those entrepreneurs or young economic barriers that give you

passionate pupils who want to a chance or push you to open
enter the field, especially now, your own business. So people

about what specialty or area of prefer to put their money in

investment holds up potential banks, but business owners take

success for those young en- a huge risk. At the same time,

trepreneurs who would like to they reinvest their profits into

start. He said he believes that the business so that the country

the upcoming period has so Aligned with it, having an app Now, that is from the business enforces tax on them from the

many online opportunities. It’s or a, or making a website, but perspective, let’s go to the eco- potential of growth.

an e-business. It is booming so the e-business itself needs a lot nomic outlook. Now he was
much. It’s the future. “I believe of development in Egypt. He asked if you have the power to He followed saying, “So I

that any entrepreneurs head- thinks there are significant gaps implement economic policies, would remove the taxes from

ing now, e-business is the in it with so many opportunities, what are a few changes that people who reinvest their

lowest risk and the highest “I believe it’s a great chance you’d like to see in the economy profits into their businesses

return possible. It’s just the for all entrepreneurs to start that could perhaps help business or opening new businesses

culture of the people who are digging and mining into this owners? And as many business because they will hire new

starting to change. A lot of field specifically. And this op- owners think, the immediate an- employees. They will rent
people are starting to head to portunity is because it gives swer was taxes. new stores; they will do a lot

buy their stuff online. So if them the chance to have a of stuff. So I believe that do-

you start your business nowa- lower risk and higher return “Yes, actually, I would ing such a thing will encour-

days, it’s a great opportunity and fill substantial gaps in change one essential aspect, age many business owners

to start your online platform the market that would satu- which is removing taxes from to expand and reinvest their

through an online shopping rate them and avoid them at business owners who reinvest profits, not by taking them

store. Whether in any differ- huge losses that they can en- their profits into the business and just buying luxury stuff

ent fields, cosmetics growth.” 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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