There are many ways to get rich from scratch, but the surest of them is to start your own business. Not one hundred percent, because many start-up entrepreneurs turn out to be bankrupt in the first years of their activity, but it is much more reliable than the expectation of a big win in the lottery or in the casino.
Instructions
Step 1
The formation of start-up capital is the first question that needs to be addressed by a novice entrepreneur. You can earn it yourself, take a loan from a bank or ask for investments from already established businessmen. Experienced people who know how to do business and run a business are advised to take out a bank loan for a future business. They are less likely to go bankrupt and have something to give money taken from the bank.
Step 2
Writing a business plan and looking for investments for its implementation will be an excellent practice for a future entrepreneur. Investors do not give money for unpromising and unsuccessful projects. Therefore, a refusal to help will be a signal to a young businessman that the planned business has a high chance of failure. And the process of searching for investors itself will become a way to make useful contacts and establish business ties with potential partners in the future.
Step 3
Running your business requires knowledge in the field of jurisprudence, management, market conditions and many others. You need to purchase them in advance by reading the necessary literature, taking courses in entrepreneurship or looking for information on the Internet.
Step 4
When starting your own business, tune in to your daily hard work. Perhaps, for the sake of success, you will have to stand behind the counter yourself, unload trucks with goods, work seven days a week from morning to night. You cannot relax until you have the opportunity to hire a professional manager.
Step 5
Plan your goals clearly and try to implement them in a planned, stepwise manner. Do not set yourself impossible tasks in advance, do not strive to get rich quickly or make big money. Learn to think through all the actions a few moves ahead, look for various opportunities to implement plans, check everything in practice. Do not forget about the details: it is impossible to achieve success without delving into all the nuances of the case with which you are working.
Step 6
Change your attitude towards money. Money should not become an end in itself, but a tool to achieve financial well-being. In other words, money has to make money. Many successful businessmen have millions, not in the form of banknotes or bank accounts, but in the form of assets - stocks, bonds, shops, means of transport, inventory.
Step 7
Do not forget about possible failures, force majeure circumstances, about possible crises. To reduce the risks of ruin, some create a financial "safety cushion" for themselves, some insure property and business in insurance organizations, some invest in other types of business.
