Posts Tagged ‘Wealth’

Entrepreneurship and MSME – The Engine For Economic Growth and Wealth Creation

With a population of 148 million and the second largest economy in the continent after South Africa, the state of Nigeria's economy is a bundle of extreme contradictions. The US sources 10% of its crude imports from abundant oil fields in the Niger Delta, a region that is also home to one of the largest know natural gas reserves in the world. Despite these natural endowments, Nigeria is crippled with rampant poverty and depressing macroeconomic indicators and human development indices. Unemployment is endemic and more than 54% of its population lives on less than $1 per day. Decades of political turmoil, civilian unrest and large scale government mismanagement are largely to blame for this state of Nigerian affairs.

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How Do Kids Make Money In The Winter – Which Internet Business You Choose Can Determine Your Wealth Online

How Do Kids Make Money In The Winter

Once people decide to start an online business, the next question becomes dependent on which model will give them the opportunity to create the income they desire. If you have been searching for any length of time, the different business models, product lines, probably confuse you and even the over hyped promises online. With the information so overwhelming, how can you prepare yourself to pick the right Internet opportunity at the beginning?

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Why Entrepreneurship Is The Way To Wealth

Society has a way of convincing us that wealth arises from those that work hard and get a well paying job in some financial institution on Wall Street. While I do not dispute that you can get really wealthy managing other people's money as a fund manager or if you like to run an investment company like Warren Buffet, you can join in the fray. For the most of us, we just like to do our own thing and enjoy the freedom that exists in creating our own perception of a business.

Entrepreneurship therefore represents a leap into the unknown world and one of the most important means today of creating wealth while still retaining your own freedom. This concept of entrepreneurship is not new and existed many years ago when the founding fathers were still roaming the new world and carried with them this profound sense of adventure. Would you like to experience this kind of intensity and excitement in your life today? This article will highlight three ways to get started.

Firstly, decide if your current field is for you. Some people actually love their field of work but hate their job. If you fall into this category, then spend some time learning all you can about your business and then start brainstorming about possible alternatives related to your current industry. For example, many venture capitalist companies in the valley have amongst them experienced dot com CEOs that add their wealth of experience the deals that they do. Other stories include people who start selling their former company's items and later became large dealer wheelers who are big time traders.

Secondly, figure out how to get into the industry of your dreams. Assuming that you want to change career or profession, getting an MBA may be actually a good bet if you think you are the academic sort. Else, why not get a job in a related industry. For example, stories abound of accountants, lawyers who find jobs in fortune 500 companies and later become the CEOs of such companies.

Thirdly, "chicken hearted entrepreneurship" is a term that Michael Masterson in the Early to Rise Ezine advocates that I agree with. Get a job that will give you enough money to test your business ideas each month and test your market. The internet allows you to test various money making ideas and learn what actually works and can make you money. Focus your off work time on certain segments of your business daily and have unwavering faith.

In conclusion, making money via entrepreneurship is critical to generating wealth on an exponential basis. By all means get a job as that will be part of the process, but remember real wealth is obtained when your get equity in a business rather than remaining as a mere employee. Take action today to reach your wealth dreams! 2007 All Rights Reserved has articles on many topics such as the Secret of the Millionaire Mind. Achieve your financial destiny today and develop your millionaire mind.


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