Localfund.com - All about Fund and Investment
*Home>>>Business Invest

BECOMING RICH People become RICH by investing and buying or starting a small business RIGHT? (read details)?


Okay so the odds or starting a huge company like Apple Microsoft or Star Bucks and Wal-Mart are ALMOST 0. Sure someone had to start them but for every person successful 10 lost or didn't make it. The odds of winning the lottery almost 0 again. The odds of becoming a model getting paid millions or an actor that gets paid millions again almost 0. Basically all the rich people I KNOW, not the people you hear about like Bill Gates but the ones you ACTUALLY KNOW, they are people who either PEOPLE WHO INVESTED OR BOUGHT A SMALL BUSINESS, FRANCHISE, OR STARTED THEIR OWN---OR DID A COMBINATION OF INVESTING OR STARING A SMALL BUSINESS. When say small business I mean either one business or a small chain like TOWN PUMP here in MT. I DON'T MEAN SEARS pr Star Bucks those are ONE IN A MILLION ARE RARELY HAPPEN. So anyway is what I am saying true? Most rich people don't start a Wal-Mart, most aren't actors, but most invested or started a small business or both IS THAT TRUE?

yes its true....you can make hundreds of thousands per year with a small or medium size company. It depends on how you run it.

Also..the reason 9 out of 10 busineses fail is not because running a business is risky or hard...it is primarily because those 9 did not really understand how to market their business....they did not master the art of "getting and keeping customers" (Marketing)

You will succeed if you base every decision on understanding that you are in the "customer" business....I don't care if your selling skateboards or coffee, or cars..or whatever widget you have....those things are not the business your in...you are in the "Customer" business.

understanding the difference, is what separates the one guy who succeeds and the 9 who fail.

No.

In terms of sheer numbers, I would guess that most rich people became rich by having rich parents, grandparents, etc.

But yes, you are right in saying that the creation of wealth is mainly done by business owners, be they small business owners or owners of large corporations.

And by the way, starting a business should not be considered as something distinct from 'investing'; to me, a small business is just one asset class within investing.

Yes, it's true. many of the people at millionairematch became rich by starting a small business. You may know the answer from the rich men's mouth if you are there.

Tags
  Capital Investment   Business Investment   Business financing   Business Invest   Business Debt   Bond Investment   Angel Funds   Alternative Investment
Related information
  • Does Tax or Business spending come first?

    There is no tax relief on buying a business - its a capital investment which is counted when you come to sell. You would need to meet your tax liability for the year in question as each tax year si...

  • Should i get a loan to help a small business back on its feet?

    I would be very careful, if I were you. 1) Second hand car dealership is very high risk, so you need the prospect of very high profit. 2) What security is he offering? If he has to give you h...

  • Investing in stock business?

    I'm on a mission to help the people out with no answers so they don't have to lose there 2 pts. I wish I knew your answer but the best bet would be to ask it during a time period during t...

  • Business opportunities?

    I Think you should take a look in the oil service sector. It's a company that remains in a bull market in any enviroment because we're addicted to the black gold. A list of companies I...

  • Name one business that can b pursued all here round in a tourist destination like goa -india..?

    you expect people from all over to come to Goa to get married. that wont happen for sometime. Goa is the tourist, drinking, partying destination. not the marriage place. every single tourist destin...

  • What would you think about a business plan that shows people how to reduce their tax burden?

    There are a couple variables to this "business plan" that are completely outside your control. It may rely on using techniques that will greatly increase the probability of IRS audit or ...

  • Looking for Venture Capitalist to help fund a new business concept in India?

    i am involved with a company in the uk you can email me for for further details

    ...
  • Starting Business help?

    What exactly is an audio retail business? Sorry, not my area of expertise. :-) It sounds like maybe you sell anything from CDs to Stereos and anything in between. If you want to market your p...

  •  

    Categories--Copyright/IP Policy--Contact Webmaster