Wednesday, April 10, 2013

You Can Learn How To Make Millions As An Entrepreneur

By Mark B. Elms


10% of the world's population controls 80% of the world's money! It's a frightening statistic but it's also a very enlightening statistic, because these people are stellar examples of how to earn money. They have never succumbed to destiny; instead of blaming poverty or their poor family background they have concentrated on well thought out plans to make money without capital. Money can be made without capital. There are numerous examples of this around us and yes it's a deliberate act. Very few people just stumble upon a treasure. Most billionaires in the world today are very smart people with smart and bright ideas being the cornerstones of their successful empires. There will never be scarcity of funds for people with sound ideas and business plans. Investors keep scouring the map in search of ideas that can generate profit. Create a new and unique product, market it properly and investors will come running to you desperate for a chance to make money. In the process they will make you rich. All you need to do is make them like your idea.

Education is important. No argument here. Now you might say that Richard Branson and Bill Gates didn't finish their education and became billionaires. Well, education here does not necessarily refer to formal school and college education. If you want to know how to make millions, there are some skills you have to learn. And you can learn these skills at a business school.

Make millions by turning others ideas into riches: Bill gates My next example is extremely instructional. This man highlights all the things that I want to point out. I won't tell just yet who he is. First hear his story and then be amazed when I reveal the name. He was born in Seattle, Washington to a middle class family. His family wanted him to become a lawyer. At 13 he enrolled in the Lakeside School. When he was in the eighth grade, he took an interest in programming the GE system in BASIC and was excused from math classes to pursue his interest. He wrote his first computer program on this machine: an implementation of tic-tac-toe that allowed users to play games against the computer.

He was fascinated by the machine and how it would always execute software code perfectly. He enrolled at Harvard but did not finish because he founded Microsoft. Yes ladies and gentlemen I am talking about Bill Gates. He understood that software was going to rule the world. This is the opportunity he identified but then he also had a killer plan. He bought DOS and marketed it to make billions. Understand that though Gates himself was a genius with computers his true edge lay in the fact that he realized how important computers were going to become. These little differences like I said above are what set these people aside.

Note here that initially Bill Gates started making money using someone else ideas. He did not create DOS.He improved it with additional features. Later on using the money he had made he became an innovator and hired people to come up with ideas that he could fund and then market to make more money. In the world there are two types of people. One type knows how to create a useful product but don't know how to find a commercial use for the product or don't have the means to market their product. The second type of people is those that look for the first type of people in order to market and sell their product so that both can become rich.




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