How to get rich from scratch

There are many ways to get rich from scratch, but the most reliable of them is to create your own business. Not one hundred percent, because many aspiring entrepreneurs are bankrupt in the first years of their activity, but much more reliable than the expectation of a major win in the lottery or casino.

Instruction manual

1

The formation of start-up capital is the first issue that needs to be solved by a novice entrepreneur. You can earn it yourself, take a loan from a bank or ask for investment from already established businessmen. Take a bank loan for a future business is advised by experienced people who are able to conduct business and manage a business. They are less likely to become bankrupt and there is plenty to give money from the bank.

2

An excellent practice for a future entrepreneur will be writing a business plan and finding investments for its implementation. Investors do not give money for unpromising and unsuccessful projects. Therefore, a refusal of help will be a signal to a young businessman that the planned business has a high chance of failure. And the process of finding investors will become a way to make useful contacts and establish business relations with potential partners in the future.

3

Conducting your own 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, attending training courses of entrepreneurs or searching for information on the Internet.

4

Starting your own business, tune in to daily hard work. Perhaps for the sake of success, you will have to stand behind the counter on your own, unload cars with goods, work seven days a week from morning to night. You can’t relax until you have the opportunity to hire a professional manager.

5

Clearly plan your goals and try to systematically, step by step implement them. Do not set yourself impossible tasks in advance, do not try to get rich quick or make big money. Learn to think through all the actions a few moves ahead, look for various opportunities for the implementation of 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 business with which you work.

6

Change your attitude towards money. Money should not be an end in itself, but a tool to achieve financial well-being. In other words, money should 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, inventories.

7

Do not forget about possible failures, force majeure circumstances, about possible crises. To reduce the risks of ruin, some create a financial "airbag" for themselves, some insure property and business in insurance companies, some invest in other types of business.