Ways to be Rich
There are many ways to be rich. When we were students, we used to study together at the same high school with our friends. After we graduated from high school, each of us decided to enter different colleges and take different majors in order to pursue a better life after we graduate later. Several years after the high school graduation, you must realize that some of us become richer while others are still struggling for their life. Read more
A Great Idea Should Be at the Core of Your Business
If you’re simply offering something that’s already available then you might as well not bother. A successful business is one that doesn’t follow the crowds, but instead carves out a nice little niche for itself before the big boys try to move in on that market.
Prepare to work through lots of ideas. Some ideas you will have might look good initially, but make sure you work your way through all of these before starting your business. Read more
Don’t Limit Your Ideas to Your Hobbies or What Interests You (3)
My belief is that many business failures could have been avoided had the entrepreneur given enough thought to their initial idea. For example, I met two entrepreneurs this week who had just opened their first restaurant. The menu displayed in the window is handwritten, prices are cheaper than cheap, and the lady serving behind the counter looks like death has taken a break. In all honesty, why would anyone want to eat there? Read more
Don’t Limit Your Ideas to Your Hobbies or What Interests You (2)
I’ve often heard people remark, ‘they (successful entrepreneurs) have a gift or inside knowledge for spotting the next best opportunity’. The actual reality is somewhat more mundane. There’s no magic or specialist knowledge involved at all. It’s more a case that the successful entrepreneur will continue to slog away, enduring failure after failure, setback after setback, until such times as they hit on the right idea at the right time. And that, dear reader, is the key to success in your venture. Read more
Don’t Limit Your Ideas to Your Hobbies or What Interests You
Don’t be afraid to broaden your search for your future business idea.
Although lots of successful business ideas come from hobbies, don’t limit your thinking to only those areas you’re knowledgeable in. When Sir Alan Sugar founded Amstrad, he wasn’t a computer or software guru but an entrepreneur who saw a niche in the market. Read more