To me, money is the greatest influencer of any circumstance. whether it is positive or negative. money can change consequences. once in a while, when I was a 3rd-year student at university I understand That learning about money is the most important knowledge on this planet. but before learning many things I start my first business based on my university campus. I thought I am making money by selling goods and I decided to increase my business to the next level. after a couple of years, I lose my investment and quit all business. 

money

I thought I am making money and I was wrong. I can't make money. am I Bangladesh Bank (BB)? only BB makes money and we all use this money. we can't make money we can only take money. and no one will give their money until they satisfy. I thought all I need is to come up with a brilliant business idea. I and my business partners were trying to establish something smarter than conventional. and all I learn is we increase the cost of goods sold and earn nothing. we lose the market competition and were kicked out of the market. now I believe every brilliant idea cant generate money. only realistic ideas that satisfy customers with a minimum budget get the competition win.

The last 3 years teach me a thousand things about money and life. before today finding a business idea was a tough thing because I didn't understand the money flow. even my university never teach me that. business happens where money flows simultaneously. creating new demand is not a good way of entering into entrepreneurship. if something is intellectual things like innovative software/apps/services are always welcome. but going into the production of real goods is the hardest way for every newcomer. 

I understand It's very easy to spend money rather than save money or utilize money. every marketer creates enticement to bring our money into their pocket and that's why it's very easy to get caught by sellers. every offer and promotion stop us at least for a couple of second and we think about buying it or not. just because we can't distinguish between need and demand. on the other hand in business reducing costs is the toughest thing. if we can buy goods at a low cost then we can sell them at a low price and the profit merging will increase proportionately with the sales increase. 

most businessman tends to sell less but earns a lot. but that is not how business work in the long run. and one common mistake is done when we buy goods or design services we think we are only doing it for customers. but do not think if we were the customer then what we would do about it. would we buy it? we tried to establish a drinking water company. where we spend most of our money and energy designing the bottle. it drives us to offer a high-cost product in the market and the main purpose of the goods was ignored. and I learned any special edition is not for all.