moneyking

Boy o boy, how I dreaded this question when I was at school, What do you want to be when you are older? It’s like society is asking you to grow up before your time. Childhood is supposed to be innocent, and although I know that it is good to set goals, it just seems pointless to question what a 10 year old wants to do.It is nearly never something they will actually become.

Here is why I hated this question? I honestly didn’t have a clue what the hell I was doing already, let alone when i’m older, as you know society and technology changes every year. Here is why I still don’t know what I want to be. I enjoy a lot of things and to just stick to one thing would seem pointless, I also get bored very quickly. That is why I feel the term ‘entrepreneur’ works great for people like me, that just want to get out there and experience every aspect of life. That’s not to say I want to do everything, it just means that I don’t really know what I want to be, apart from have life on my own terms.

Here is why you can also have life on your own terms, if you do not fit in this criteria of knowing what you want to be:

1. You don’t have to know your exact future and job, the fun is in the journey..

Have you noticed that people rush into their future, because they see life as a race, to get to somewhere but they don’t get it. You never know what is around the corner, you could focus on something and stress yourself out extremely and try and achieve something as fast as possible without stopping and then something happens which you just did not expect.

My grandparents grew up in a farm and lived there all their lives until they died at age 75, they didn’t really adhere to society’s rules of life to work work work and stress themselves out. They just lived their lives as they saw fit, and did not worry about unnecessary things and they lived a good and long life. You will most likely never end up where you expected because life happens. So just live in the now.

2. Start something small that you enjoy, and with passion it will turn into something profitable

Entrepreneurs are people whom want to live life on their own terms right? The whole point is to make enough money in something you enjoy and then just enjoy the rest of your life without being boggled in a cubicle for the rest of your life. The cubicle 9-5 job is something which I personally don’t think I’d enjoy but I do want to experience just so I know I’ve made the right decision.

You can start something small now, whilst you are doing whatever you are doing in life, whether that is design, writing, film making, just start it, you’ll see that as you spend one day on it at a time, it soon becomes something big, just as a house is laid brick by brick, so is a business that you enjoy.

3. The best commodity a person can have in life is patience..

The best advice I have ever been given by a businessman is just to be patient, things happen but they won’t happen if you force them. Just work well, and enjoy your life day to day, hour to hour, make your life something that you enjoy. This is not to say quit your job and be happy, just make happiness work for you. You can choose to be patient or you can choose to be angry.

This is something which you must take and look into in-depth. History and well known people have taught us that we must remember that nothing good happens overnight, the best success is success which is made over a long time frame, it is something which is gradual and patience will help you achieve this. Remember, next time you reach a halt in your life or a hard decision just think ‘patience’, sleep on it, think about it and then make a logical decision.

What do you want to be when you are older? Maybe yourself..

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Make It Big In The Business World

by Lee on April 9, 2013

The problem with business is everybody has their own theories in what makes one person successful over another, like there are certain traits which you must possess. They turn business into math, when it really isn’t. X does not equal Y, it is not as black and white as that. Success is not something that will come to you if you just follow what other people are doing, they are only successful because they know things that are totally invisible to your eyes. It’s not as simple as opening up a store and start selling, that is why so many people go into  business and go broke within a few months if not a year. A few ways in which you can stand out:

1. Know to travel successful business paths that have not been travelled before. 

John D Rockefeller’s famous quote states that a successful business person must not always follow how other people are making money, they must travel their own paths of success. Now you may ask, how am I supposed to find a totally new way of making money? That is a stupid question in itself because it’s not as hard as it sounds. What he means, by that quote is stop following what other people are doing, think to yourself what will make me money in this instant, how can I make money? and make a rational and logical decision based on weeks of research.

If you want to open a shop in your local town or city, go to your local town and analyse the logo, analyse how many people are walking past the stores where you want to set up, and from all this information you will gather whether it is a good area to open up a shop. You then go onto the next step and look around the premises, see how many people convert from walking into the store. By convert, I am stating actually buying from that store. Then put all this information together and make a decision on whether you think your shop will be successful. Now a shop is just an example, you can do this with many things. The main learning point here is, just do your research.

2. Invest when everyone is running away.

This is another magical quote from Rockefeller, which makes a lot of sense if it is really looked into. Invest when there is blood on the streets,  now don’t take this literally. You hear the media talk about recession and how everybody is out of work, and it’s there to burn a hole into your mentality, wow nobody has money and all the businesses are going to fail, that is complete bullshit. You are being conditioned to fail before you even start or even not start a business at all.

Now that is not to say that there is not a recession going on, but just because a recession is happening does not mean that you can’t succeed in business, it just means that it might be a bit harder for those without experience in business. I have learnt a lot in these last three years and if there is something that we must take away is, Perseverance beats anything even nature. Perseverance  with the right attitude and you shall succeed.

3. Money makes money.

Save the money you make for a better future. Once you get to a certain stage in your business, you shall have savings if you are smart and that money you can further invest. The main reason most business men don’t succeed is because they get into this greedy mentality, and have to look good all the time and have the latest car, the latest suit which are all expensive.

They waste that money and their business is doing the same as it’s always done, not better and not worse. Had they saved that money and used it to invest then they could be making 5X more than they are making now. Money makes money, so save it for a better future.

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Success is trusting your instinct no matter what negativity you have in your life.

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There are people that are rich, then there are people that are super rich. There is a certain point where one’s ambition to make more money becomes a game, rather than a need to make money to survive and live a better life.

So what keeps these billionaires motivated to make money and how do they make so much in the first place when they start from absolutely nothing. How can we do the same?

There are numerous ways in which they have accumulated these enormous amounts of wealth and it is all laid out in the basic principles of business, which they have never forgotten. Now there are always exceptions to the rule, however from my knowledge and readings I will lay out several key principles that could be said to have been at the heart of every rich and successful business person.

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Why People Fail in Business!

by Lee on February 18, 2013

There are 5 reasons why entrepreneurs fail or never make it to the top. Everyone keeps saying to me it’s hard, otherwise everyone would be starting their own successful business and making their own money instead of working for someone.

But although the top reason that people fail in business is because they never get started as they are scared to risk their hard ‘earned’ money, one of the main reasons is self doubt. Not believing in ones self, makes us less determined and less ambitious. So here are five descriptive reasons, if you have any more to add comment after reading through.

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50 Famous Business Quotes!

by Lee on February 14, 2012

There are times where you are just bored or simply just lack in motivation and enthusiasm and want to check some quotes to keep you going. We all get burnt out, so whenever your thinking to yourself: how can I keep going? Just read some of these quotes from the greatest business men in the world.

Here is one to get you started : “A bank is a place which will lend you money when you do not need it.”  The reasoning behind this quote is simple really: banks are just like any other investors, they want to ensure that your idea is unique and profitable. Therefore they only want to invest when they know that the business could potentially be profitable in the near future without taking the banks investment.

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You’ve probably seen those entrepreneurs that come out of nowhere within 2 years and are instant multi-millionaires and we stupidly say to ourselves: “Wow another lucky person just got lucky”. But there are several other factors you are forgetting to take into account.

Yes the business he just sold may have made him successful, rich and at peace with the world, but how about the past 15 businesses that he created which failed, are they not a sign of being purely unlucky.

When talking about whether luck plays a role in how successful we become as entrepreneurs, we must take into consideration certain factors which make certain people ‘lucky’. [click to continue]

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If you are an entrepreneur then you’re always going to be busy and on the go, which means you need everything at your finger tips.

Now that must have seemed impossible a decade ago, however now you really can have anything on an iPhone that will help you keep track of your finances, make payments, access information from your PC, listen to music, the possibilities seem endless and they are, right?

Here are 7 iPhone apps for all internet entrepreneurs that are on the go and need their business at their fingertips.

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How To Bootstrap Your Business

by Lee on January 27, 2012

Bootstrapping is not for every single individual business, because there comes a time where you just need to expand and you can not do that at a fast pace unless you bring on some investors.

However if you are just starting your business then I believe there are a wide range of factors you can limit in order to ensure you can keep the business going and keep 100% ownership for the time being.

One of the top reasons people choose to bootstrap is the freedom that they have with their business and their goals, however once they are burdened with investors they start to lose sight of those goals because of the interference that comes with investors. So here are some crucial ways which can help you avoid giving up your ownership and still grow a profitable business. 

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I’m not going to lie, there are days where I just don’t care and days where I do absolutely nothing all day and ask myself why did I just waste a full day doing nothing and some of you probably do the same.

Lets face it, it’s hard to be completely motivated 24/7 throughout life, there are times where were not motivated because were not seeing results in our business or we’ve dug a hole for ourselves that we just don’t know how to get out off.

However that’s a mindset that you can change for yourself every time your feeling a lack of motivation and feel like the day is going to go to waste if you don’t do something, with 5 simple steps.

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We all want to be successful right? Well if you haven’t seen this, then you really need to ask yourself why? and watch it ASAP as it will open your eyes. People don’t necessarily lie when they talk about the key elements to making money, they just have different ways of executing their ideas and more motivation and dedication which goes a long way in their individual success. This guy not only has experience but he tells you how to do it, if you commonly come up with the excuse. “But I don’t have time?” Check it out. You will not regret it.

Remember Follow us on Twitter, and comment below.

Legacy is bigger than Currency. (You will know what this means if you have watched the video.)

Remember you just have to care about your customers!

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