Entrepenuer over Capitalist - Podcast

In this podcast, the speaker discusses the difference between an entrepreneur and a capitalist. An entrepreneur is someone who runs a business and is actively involved in day-to-day operations. They prioritize growth and innovation, even at the expense of short-term profit. On the other hand, a capitalist is a major investor who focuses on financial returns and predicts profits based on the business's performance. Both have their pros and cons, such as participatory innovations for entrepreneurs and passive income potential for capitalists. The mindset of an entrepreneur is to value their business and constantly innovate, while the mindset of a capitalist is to calculate and handle the responsibility of being an investor. Legacy and long-term growth are important concepts for entrepreneurs, as they strive to create lasting businesses that have a significant impact. Overall, the speaker emphasizes the importance of mindset in establishing and growing a successful business. Hi, good evening. So, welcome to another podcast. So, this will be, tonight I will discuss the difference of entrepreneur and capitalist. So, this is a short podcast. So, I will explain in detail in short time. So, okay, let's start. For entrepreneur, this is the type of business people or business minded people that are running the business. So, it's actively involved in day-to-day operations, prioritize growth sometimes on the expense of profit, long-term vision of business, purpose, decide to make a difference or opportunity to make an innovation on their business. So, meaning to say, entrepreneur is the one who run the business, is the person who run the business. They handle in everyday activity. While capitalist, capitalist is the major investor who invest on the business of entrepreneur. So, they prioritize financial return or return of investments, focus on short-term returns. So, they actually predict how many months, how many years they gain profit. They already estimated the number of months before they gain profit, the number of months they lose profit, and they predict the stocks. And also diversification of low personal risk. So, it means passive income potential. So, it means, I will be speaking a little bit of Tagalog. So, it's focused on financial return. So, the only thing that capitalist is think on the business is ROI, return of income. So, how much they invest on the company, they will predict the ROI depends on the number of months that the company gain profit. Then, there are pros and cons in capitalist and over-entrepreneur. So, participatory innovations, purpose of employment, decision-making, long-term growth, or building a legacy. So, in entrepreneur, there are freedom to create new ideas to evolve the business or double quote innovations. Then, once the innovation is clicked, then the capitalist or termed investor will be invested on the business of this entrepreneur. For example, I have a food business. So, I decided to have a little, make a twist, added some decoration in my restaurant, added new recipe. Once the investor, the capitalist, like these innovations or it provokes a new idea, they will invest on your business until they gain profit while the business is on running. So, in other side, I am a capitalist. So, I invest 100,000 pesos for that. Then, I expect in three months, I have a return of investments of 200,000. So, I will predict that my return of profit depends on the condition of the business, depends on the business process and business flow, and how the entrepreneur run the business. So, when you are entrepreneur, you always focus on your business. I mean, you always have innovations day by day. For example, my first day is, I have a food business of cake. So, my cake is, my cake product is sweet, composed of herbal and organic that has similar taste, similar state, much sweeter than the other cake shop or cake malamadure. One day, I think what I do to make this business click, should I create a marketing campaign, should I create a promo, or should I create a new recipe added to my product. So, that's the thinking of an entrepreneur. He always innovate the business based from day-to-day activity of his business. While capitalist, he evaluate, he predict, he calculate the profit and the prediction how the business running is good or bad. In terms of decision making, you must base on your surrounding, on your employee, and also on the trend, current business trend, what's happening to the price of the sugar, price of the flour. In few terms in baking industry, price of the food, price of the fish, that affect your supply or in your business. In terms of this, when the product that supplies in your business is changed, you must follow the flow of the price. It's either high or you will be reduced some products because of in demand, because they are not buying anymore by the customers because of expensive price or they don't need the products. As an entrepreneur, you must suffer sometimes in terms of the trend or in terms of the conditions how you supply your business. I gave you a sample. You own a business or a restaurant also, again, then the price of the fish take up 3 pesos, 4 pesos. The regular price is 16 pesos for half kilo, so that's very imaginative price because the actual price of the fish in reality is 160, 120 depends on the buyer of the fish. So, let's say 16 pesos, then you have an in demand recipe that always the customer buying or order. So, let's say Caesar salad with fish fillet toppings. So, on one day, you have 120 orders. In that time, the price of the fish is 16 pesos. So, you're buying in bulk. So, we call it in banyara. So, you're buying 3 sets of fish approximately 10,000 pesos for 6 kilo. Then, you supply enough for that 100 customers which visit your restaurant day by day and accept the other customers that order online. So, by next week, the government announced that the fish industry declared high price on the market because of the current condition of the weather or they have storm which affected the fishermen to catch a lot of fish. So, you decided that the recipe, the original price, standard price is 120 pesos. You decided to increase to 130 because of the happening because the current price of the fish is very high. So, you must calculate the cost of transportation of the fishes and also how the productions of the fish, how they are tradable to you. So, mostly cost of from 120,000 pesos, you must go to 150,000 pesos. So, that's a very, very risky decision because once you price up your recipe, it will back out the customer because it's very expensive. So, the tendency, this customer will be fine and add alternative restaurant to much cheaper with the same food recipe in other restaurant. So, you expect a little bit decrease on your gain profit. So, you must find a way to think how you will back the trust of the customer to your product. So, the role of entrepreneur is very, very innovative position in terms of as a business owner. You can own your business if you have investment, but if you like to grow your business, you must have a capital. No business can grow without capital. So, legacy. This word legacy, it means very meaningful to entrepreneurs because legacy is the opportunity to create lasting business that can have significant impact in the existing communities and even our surrounding world. So, it means you have a trademark in the customer that you have unique product that your business can grow. So, it's a trademark or signature product that mark your business. So, if this thing happen to an entrepreneur, they will value, they will take carefully the business because of this thing, legacy. Then, a long-term growth. This entrepreneur concept can potentially achieve long-term success and financial rewards. So, if you take care of your money while you are a gain profit, for example, all your profit while you are running the business is you deposit or some deposit, then the capital is much more trust to you because their money take care well also. You know why? A capitalist mindset, if you value the money, they will invest more. If you value the customer, they will love you as their relic. If you value your business, they will loyal to your business. If you value your client, they will invest more. Remember that. So, what I say, I never conclude that entrepreneur and capitalist is not different. If you are entrepreneur, you must value your business like your personality, your characteristic, and how you express your innovations. Because your product represents your personality and characteristics. This is how the people value you as seeing the product they love from your business. While capitalists, they will invest in your business, they will gain profit from the specific timeline. But the importance of the mindset to help you establish the business and grow. Because once the business grow, they will gain more profit. The mindset of the capitalist is not, I will invest you, I invest you and I will get my money gain. Once your business grow, I have more money. No. Capitalist is much smarter in terms of how they calculate and how they handle the responsibility of being investor. Investment is the art of handle your money towards an attitude of your personality. Okay. So, I think this is enough for this podcast. So, stay tuned. More to come. Thank you so much and good night. Thank you.