Making Money

What is grit and why is it important?

05/16/2025 by Roy Sutton Leave a Comment

What is grit? I’ve heard this word a lot recently. And of course, the obvious supplementary question is, why is it important?

I’m referring to a term used in psychology to represent a positive, non-cognitive personality trait based on an individual’s perseverance of effort combined with the passion for a particular goal and a powerful motivation to achieve it. Allow me to explain.

What is grit?

Have you ever noticed that the smartest people are not always the most successful? Success can be defined in different ways, but for most people, their measure would usually revolve around money and prestige.

If we take money as the measure of success, then you’d think the smartest people would easily come out on top of that score, surely? Yet you’d be wrong.

We hear stories frequently about college professors who struggle financially, while at the same time, tradesmen like bricklayers and plumbers become millionaires. How can that be?

Surely the smartest people have a natural advantage? Well, no, they don’t.

The people with the real, innate advantage are those with this quality known as grit.

So, exactly what is grit?

It is an inner steeliness. It is courage and resolve. It is a strength of character. It is drive and desire. It is passion and motivation.

It is a willingness to persevere until the desired result is achieved. It is a determination to achieve a goal and a willingness to take calculated risks.

It is a fact that doing well in life depends on much more than academic ability and your capacity to learn quickly and easily.

Having those qualities is useful, of course, but in the absence of grit, you’d still be at a disadvantage.

Someone of average academic ability but with a shedload of grit will be better placed to achieve real success in life.

People with grit intuitively recognize that life is a marathon, not a sprint.

They’re willing to experience failure because they know that failure is a temporary outcome, not a permanent position. And they’re willing to fail and then start over using the lessons they’ve learned from the experience.

So what’s the key to success? It’s the need to get grittier!

Angela Lee Duckworth makes this point admirably in this excellent TEDxTalk video, and it’s well worth a few minutes of your time. It’s an interesting video, and I think she nails the point perfectly.

That’s what I think, but what is your opinion?

Could there be such an easy answer, or is it all much more complicated? I’d be interested to hear your views.

Grit: The power of passion and perseverance:

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What is grit? What is grit? What is grit?

Filed Under: Self-Help Tagged With: Achievement, being the best, Inspiration, Life, Making Money, money, Motivation, Philosophy, Sage Advice, Stress-free, Success, Wealth, Wisdom

How to become rich through your work

04/07/2025 by Roy Sutton

How to become rich through your work? This is a question many people ask. Some people get rich, but somehow you don’t, dear reader. Would that be true? Why? You work hard, but you’ve got very little to show for it, right?

How is it that other people succeed and get rich, but you never seem to make any progress at all?

Perhaps the question you’ve been asking yourself is, what’s the real link between working hard and getting rich?

Well, give me a couple of minutes of your time, dear reader, and I’ll tell you what I’ve learned about work over the years and how it’s linked to the generation of real wealth.

How to become rich:

What is work?

First off, as I’ve said many times before:

Work is simply doing stuff for other people in return for money

If you enjoy your work and it comes naturally to you, then you’ll do it well. If you do it well, then people will notice. And once people start to notice, then increasingly you’ll be in demand.

The greater the demand for your services, the more you’ll get paid. In short, your value will increase.

If you truly enjoy your work and it becomes your passion, then it won’t seem like work at all.

However, if you work for a single employer, then essentially you’re trading your time for money, regardless of whether you enjoy your work or otherwise.

Even if you work for multiple employers one at a time, the effect is the same. You’re simply trading your time for money. It cannot be scalable because, as an individual, there’s only so much you can do in a given period.

There’s nothing wrong with trading your time for money, of course, and it’s the way that most people earn a living. However, you’re unlikely to get seriously rich that way.

Working for an employer will certainly make you a living, of course, but unless you work on Wall Street or in the City of London, that’s about all.

Serving the many:

To earn serious money, you need to be doing stuff for many people simultaneously. The more people you can serve simultaneously, the more money you can make.

The obvious question in your mind now will be, how’s that done?

Well, creative people serve many people simultaneously, don’t they?

For instance, if you write a bestselling book, record a bestselling song, or produce a bestselling DVD, these would all add value to the lives of many people simultaneously.

When people buy a book, a song, or a DVD in their millions, then, if you’re the creator, you can make millions of dollars in the process. Just ask JK Rowling, Paul McCartney, or Ricky Gervais. They’ve all become rich through their creative work.

Then again, not everyone can write, sing, or perform. Perhaps you’re a designer?

Suppose you design furniture, say a chair perhaps?

You produce a fabulous design and offer it to a furniture manufacturer. They really like it, and they want to use it, but you hold the intellectual property rights (IPR) because it’s your design. So the manufacturer must pay you a royalty when the design is used for every unit sold.

If that chair becomes very popular and sells in the millions, your ongoing royalty payments can add up to something quite substantial. Replicate that with many designs, and you could get very rich indeed.

In this case, the example is furniture, but the same would apply if you designed anything. For instance, the man who designed the retroreflective safety device known as cat’s eyes in Britain got very rich through his design. Fashion design is another area where serious money can be made from your designs if they become popular.

The value of the IPR:

The trick with creative work is to understand the law around copyright and intellectual property rights (IPR) and make sure you’re rewarded for your work through royalties.

The advantage of creative work is that the series of royalty payments can have a very long tail. Your work can be the gift that keeps on giving for years and years.

Take a song like Imagine by John Lennon.

John Lennon wrote that song around 1971, but we still hear it regularly on the radio and television to this day. So despite the fact that it’s been over 40 years since Lennon’s tragic death, the song still earns money for his estate, i.e. his family. Now that’s a real legacy for them.

Build your own business:

Starting a business and selling products by the thousand is another way to serve many people simultaneously.

If your business can produce products that provide your customers with genuine solutions to their problems, then there is serious money to be made. Problems are an opportunity to make money if you can offer suitable solutions.

Your business will employ people who are trading their time for money, but through your business, you’ll be serving the many simultaneously, and you can enrich yourself in the process.

The message here:

The takeaway message for you today:

If you work one-to-one, you’ll make a living, but if you can work one-to-many, you’ll make a fortune

Whether it’s becoming a creative person, a performing artist, or starting a business, serving the many is the real route to riches.

It’s not easy, of course, but it can be done, and people do. With a little self-belief and a lot of hard work, you can too.

So when are you going to get started?

Go on, have a go! Serve the many, not the few.

REMEMBER: It’s better to try and fail than to spend your life wondering what might have been.

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Why your personal philosophy for life really matters

03/23/2025 by Roy Sutton

Let’s talk about philosophy for life and what it matters.

An article relating to philosophy sounds like it might prove to be a little heavy, doesn’t it, dear reader? You might think I’ll be debating the merits of Plato, Socrates, and other thought-leading philosophers. Not today, that’s for sure. My aim today is to consider the idea of your personal philosophy for life and why it matters.

Personal philosophy explained:

What do I mean by ‘your personal philosophy‘?

In this case, I’m not referring to the fundamental nature of knowledge, reality and existence, and philosophical thinkers, past and present.

By philosophy, I’m referring to your mindset, whether it’s positive or negative, and how you choose to see the world around you.

I believe personal philosophy really does matter.

I think how you choose to look at life and the world around you will influence your life experiences to a greater degree than you might expect. It’ll also influence how happy you’ll be.

A simple philosophy:

My own personal philosophy for life is simple.

Firstly I accept the world around me is the world around me. It is what it is. Stuff happens and I have little or no control over most of what happens. That’s just life.

Politicians will come and politicians will go. They’ll promise much but deliver very little, usually.

Philosophically I accept that which I cannot influence directly. I see little point in worrying about any of it. Why worry about stuff you can’t change?

In my experience, people will always look after their own interests first.

That’s fair enough if you think about it because why would they do otherwise? If people don’t look after their own interests then no one else will that’s for sure.

The underlying point here is that most of what’s happening around us is all just noise really. All we can do is work around it.

And basically, that’s what I try to do.

Work on improving what you have to offer:

I focus on my own interests and those of my family and I always do my best to protect what’s mine.

My family will always come first and I will do anything for them. Well, anything that’s legal, at least.

To do the best for my family I recognise that I have to be the best that I can be. To have skills and knowledge that will allow me to add as much value to my work as I possibly can.

So I take personal development seriously. That way the more value I can add the greater will be my income.

I’m a reader and a keen learner and I’m constantly working to add to my skill set and knowledge. Learning for me is a lifelong process, it never stops, and I will keep learning until I no longer have the energy to pick up a book.

Learning is an investment in yourself.

I believe that the better-informed you are then the better prepared you’ll be to excel in your chosen field of work. You’ll also be better prepared to seize any opportunities that come your way too.

Income comes from serving other people:

Let’s face it, dear reader, work is just doing stuff for other people in exchange for money. Through our work, we serve other people.

We work to generate income. And we generate income to put bread on the table and a roof over ourselves and the heads of our loved ones.

While work gives us a sense of purpose and adds value to our lives, we should not live just to work. The idea should be to work to live. Well, I think so anyway.

Become financially independent:

We must work hard when we’re at work, of course, but we must enjoy life with the family as much as possible too. As they say, where I come from, we’ll be a long time dead.

My aim in life is to be financially independent with multiple income streams.

With multiple income streams, there’s a reduced risk of not having any income at all. Not having all your eggs in one basket makes a lot of sense to me.

Master the game of life:

Essentially, I see life as a game. And I aim to become a master of the game of life.

We must look after our own interests because no one else will.

We must be prepared to be ruthless when necessary. By that, I don’t mean being nasty or mean to people. However, if you don’t push hard sometimes, chances are you’ll lose out to those who are willing to make good use of their elbows.

My point is that we can’t afford to be overly sentimental, and on occasions, in making the right decisions for us it may prove to be less favourable for someone else.

If that happens, that’s life, I’m afraid. We must make decisions that are right for us.

Never lose sight of your own interests:

Sometimes you really have got to be prepared to use your elbows if you’re going to grab your fair share of life’s pie. Don’t be too willing to let other people go first. You might find there’s nothing left for you.

As always there’s a balance to be struck of course but never lose sight of your own interests and never do anything which works against your own interests.

There is no utopian place where all’s well and the sun shines every day. Life’s life. Some of it’s good and some of it’s not quite so good.

However in the end it’s what we make of it that counts. We get out what we put in. There’s no free ride for anyone. On Spaceship Earth we’re all crew.

Don’t let life steal your joy:

All you can do with life is deal with it as best you can.

Enjoy the summers but make sure you’re prepared for the winters too. There will always be winters. Winters always follow summers, so be prepared.

Enjoy the good times and when life gets difficult all you can do is take it on the chin and move on.

Worrying about anything you cannot control just steals your joy and spoils your day.

Life’s too short.

Do what you can, with what you have, where you are and most of all enjoy every minute because the years all go by in the blink of an eye. So don’t die before you’ve lived.

And always make time for friends and loved ones. Without them, you have nothing at all.

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8 Top Business Tips for Success Today

03/16/2025 by Roy Sutton

Business tips for success:

I read an article recently about a guy with a college degree who was disillusioned because he couldn’t find a job. At least not one that met his expectations relative to the type of job and income he felt his degree merited.

Well, it’s a tough world out there, as I’m sure you know only too well, dear reader. Despite what some people may think, the world doesn’t owe us a living. The world owes us nothing, and it’s down to us to make a life for ourselves.

Work is just doing stuff for other people in return for money and there will always be people with stuff that needs doing. So rather than seeking a job, perhaps we’d all be better off if we focused on seeking customers for services we could provide.

That’s at the heart of what business is all about, providing people with solutions to their problems for profit, and there’s much to be said for becoming an entrepreneur.

So today let’s explore some business tips for success, for all those wannabe entrepreneurs.

The advantages of self-employment:

There are many advantages to being self-employed.

For instance, not having to deal with office politics is a big advantage.

And of course, being the beneficiary of all of the proceeds of your hard work is another good reason.

Instead of making a lot of money for other people, you could be making it all for yourself. The harder you work, the more you make for yourself too.

Unless you’re a lawyer or an investment banker, the chances are the only way you’ll ever make serious money is through building your own business. Building a business that, perhaps, you’ll be able to sell for a lot of money one day.

However, remember this; you might think that if you’re self-employed then you’re your own boss. Well, that’s not true. The customer is the boss, always.

Serve customers badly and you won’t be serving them for very long, that’s for sure.

The first rule of business is that you must know your customer.

You must gain a deep understanding of the products, services, and marketing that will appeal to your target customer.

One size will not fit all and each market will require a different approach.

Now going into business is not for the faint-hearted. You must be prepared to work very hard, at least in the early days, when you’re trying to establish your business.

However, if you can provide your target customers with real solutions to real problems then you can make serious money.

If someone else is already offering a solution to the target problem, then your solution must be better or cheaper than theirs in some way, if it is to sell.

Creating great products and offering great customer service is the route to business success.

However, never forget your reputation and image. These things matter too.

Make sure you create an image that will appeal to as wide an audience as possible. Running your own business will be a challenge but it can also be extremely rewarding, both financially and in terms of a sense of achievement.

Remember also that running a small business is not a whole lot different to running a large business. The only real difference is one of scale. The key issues are always the same.

So here are some top business tips for success for would-be entrepreneurs:-

Top business tips for success today:

1. Control your costs:

Of the many business tips for success I could suggest, none can be more important than keeping an eye on the money.

Money comes into your business and money goes out. It’s that simple.

However, if you fail to ensure that the former is always greater than the latter, at least for most of the time, then trouble will follow at some point, whatever the size of your business.

Big businesses might be able to weather the storm a bit longer but the consequences of expenditure consistently exceeding income will be the same. Keep losing money and eventually, your business will go bust.

Take every opportunity to maximize your revenue and always keep your costs as low as you can. And never, ever lose sight of cash flow.

Don’t spend money unless it is necessary.

Ask yourself, do I need to spend this money? What will I get in return? Can I achieve the same result at less or even no cost?

It might surprise you to learn how frequently it is possible to avoid the cost, whilst still doing all the things big businesses do.

The key message here is that you must keep an iron grip on costs and you must manage cash flow carefully.

2. Do your own market research:

Every product should solve a problem for your customer and you should have some idea of what that problem is and how your product will solve it relative to other products offered by your competition.

Just because you think you’ve got a great product, doesn’t mean customers will see it that way. Your opinion means nothing if there are not enough people willing to buy your product at the price you want to charge for it.

If your product won’t sell then potentially your business could be in trouble.

Perhaps you think you’ve spotted a gap in the market?

If it’s a genuine gap then you might be on to a winner. However, a gap in the market doesn’t always guarantee that there is a market within that gap. Maybe there’s a reason for the gap which you’ve yet to understand.

In business, the trick is to find out what people want and then offer it to them.

How do you find that out?

One very good way is simply to ask them yourself.

I’m not referring to your family and friends here. They’ll be far too polite to give you any meaningful feedback.

You must talk to real customers, if and when you have them, and potential customers.

You can conduct some of your own market research in your local shopping mall or wherever you think your target customers might congregate. And don’t be shy. Only by talking to people can you confirm whether your ideas have real potential.

So, identify some basic questions, stand there with a clipboard and just start asking people, as politely as possible.

Often people will be far more helpful than you might expect.

And don’t forget you can always use the Internet too.

Search engines like Google have keyword search tools that are free to use. These tools allow you to get a ‘rough and ready’ measure of what people are searching for and how frequently.

And don’t forget social media. Facebook, Twitter, Reddit, and Quora, for instance, can be great channels for asking questions, so you can gauge what people think.

Market research doesn’t have to be expensive. As a small business entrepreneur, it is possible to do it yourself. You don’t have to spend a lot of money on this activity, but you must do it.

Your results might not be quite as scientific as those produced by professional market research people, but they will provide you with a rough guide and that’ll probably be good enough in the first instance.

3. Advertising costs money: is there a better way?

Another of the most important business tips for success has to be visibility. I cannot stress highly enough that visibility matters, both for your business and your products. It’s crucial.

Your products might be the best in the world, but they won’t sell at all if potential customers have no idea they exist. Surely that much is obvious.

The question is, how does any business ensure that customers have visibility of its products? The obvious answer is advertising of course.

However, media advertising can be costly, and it’s a cost that new businesses often cannot afford.

One small advert in the back of a glossy magazine can cost you a lot of money and yet you have to ask yourself whether that would be money well spent.

How often do you notice the small advertisements on the back of a magazine? In my case, the answer is not very often.

With so many advertisements competing for my attention, I tend to filter them all out. I’m willing to bet that you do too dear reader.

So, if you’re not careful, money spent on advertising can be money wasted in my experience.

A better approach might be to use some creative thinking with a focus on public relations.

Smart entrepreneurs know that business is show business. It’s all about getting noticed.

For example, the entrepreneur Richard Branson is a brilliant exponent at getting media attention at little or no financial cost to his business.

It helps that he’s a likeable guy, of course, but he’s also clever and creative in his approach.

If you have an interesting back story, perhaps the local press, local radio or even television might be willing to run a story on you and your business and the products you have to offer.

Social media can be a powerful medium for gaining attention for your business too.

Social media is also a useful way of driving traffic to your company’s website, particularly Pinterest, which is an incredible tool, in my opinion.

Then there’s using search engine optimization (SEO) techniques on your website content to ensure you drive traffic to your site from the search engines.

Let’s face it, you do need to appear on the first page of a Google search if there’s to be any chance of anyone noticing you and your business through search queries. So, if you can optimize your website for SEO, then you can get enormous amounts of traffic from Google and other search engines, like Bing and Yahoo.

Make sure you offer visitors to your company website the opportunity for signing up for a regular email newsletter. And give them the incentive to sign up.

This could be a free report or perhaps a discount code for one of your products.

How about running a competition using your company’s fan page on Facebook or your company website?

The price of a smartphone or a Kindle or other desirable electronic device as a prize would be cheaper than the cost of a small advert in a glossy magazine, but it’s more likely to get noticed and it’ll probably generate a lot more excitement.

If you have a car or van, don’t forget that it can be emblazoned with your company logo, your website details and product information on the back, sides and front. Even on the roof.

It would be free advertising as you’re driving around.

Park your vehicle at a big event attended by thousands of people and you’re beginning to master the art of guerrilla marketing.

The bottom line is that creative thinking and public relations can produce powerful results in your quest for visibility at a fraction of the cost of advertising. The key message is, be creative.

4. Don’t make yourself indispensable:

The biggest mistake any entrepreneur or business manager can make is to think that every decision should be made by them.

If you’ve started a business from scratch, you tend to form an emotional bond with it. It becomes your baby and you become very protective of it.

That’s natural of course, but as the business grows you’ll have so many things to do that you couldn’t possibly do them all.

You could try, of course. However, if you try to do everything you’ll find yourself falling behind in key areas like product sourcing, sales, and keeping your accounts up to date.

Fall behind, and it becomes very hard to catch up. Potentially it is also very damaging for the business.

So you have to learn the art of delegation.

A good start would be to document every task and process within the business and then create an Operations Manual. This can include everything from the preferred method for answering the phone to completing invoices and dealing with complaints.

It can also include the degree of flexibility which you are delegating to staff, so they can get on with basic tasks allowing you to get on with those activities which are much more important for achieving business success.

No business should be dependent solely on one person.

If it is, and that person gets seriously ill or has an accident, then obviously the business would be in trouble very quickly and it would struggle.

Delegate basic activities to your staff and you can be sure that the business will continue to function even when you’re not around.

It will also give you a bit more thinking time for steering the company towards bigger and better things.

The key message here is that you must delegate. Never delude yourself into thinking that only you can do a particular task.

5. Charge sensible prices:

If you’re to earn a decent income then any list of business tips for success must stress the importance of knowing the value you can add and know your worth too.

It’s easy when you’re a small business to undervalue your products and your time. The result is that you undercharge for what you have to offer.

This is particularly true when professionals are selling their expertise and time based on a consultancy arrangement.

It’s common for first-timers to lack the confidence to charge what they might perceive to be a high rate for their services.

The problem is that selling things cheaply can be counter-productive because customers then think they’re getting an inferior product or service and can be put off.

It is a fact that price can often be used as a proxy measure for quality when your business is being judged.

You have to be very business-like when considering the pricing of your products and services.

So look at what your competitors are charging and then analyse where you think your products and services fit into the market.

If you struggle with that idea, then you can always seek guidance from someone else, like a fellow business owner or your accountant.

However, you must always remember that you must believe in your products and services. If you don’t, then why should anyone else?

You must project confidence.

If you don’t have the courage of your convictions, then the chances are that your business will never succeed.

Believe in yourself and charge what you’re worth. Sell yourself based on the value you bring and the value you can add.

6. Make the best use of technology:

Sometimes small business owners think that because they are small they can only act in a small way. However, that can be a mistake.

Don’t be afraid to invest in your business. For instance, investing in up-to-date technology like the right phone system and websites, doesn’t have to be expensive but they can be the difference between a customer contacting you or not.

These days no business, large or small, can operate without a website.

And that website needs to be as user-friendly as it possibly can be.

Make sure your website provides customers and potential customers with the opportunity to sign up for a regular email newsletter. And as suggested earlier, offer them an incentive so they do sign up.

Ensure also that your telephone system allows customers to reach you at their first attempt. Certainly, customers won’t make too many attempts to call you before they’ll simply go elsewhere.

If you don’t know how to do all this yourself, then go on a course or seek guidance from someone with the right expertise.

Good communications will pay handsome dividends over time.

7. Set goals:

Another in this list of business tips for success, that I want to stress here, is the importance of goal-setting.

You have to know what it is you’re trying to achieve if you’re to have any chance of successfully achieving it.

Never set your sights too low either. Set yourself a challenge and then put all your energy into achieving it.

Once you’ve set a goal then you need to establish a plan as to how it is going to be achieved.

For instance, if your goal is to achieve a certain level of turnover over the next year, you have to break that down into the small steps you will need to take for it to be achieved.

How many sales will you need to achieve each day, each week, and each month?

What implications will those sales targets have for production?

Do you have enough sales staff to generate that amount of business?

And so on.

Always create a plan and review it regularly, making adjustments as and when necessary.

8. If you got a great idea, then do something with it:

How many great ideas never see the light of day because the person with the idea fails to do anything about it?

And how many times does someone with an idea see someone else come along with the same idea and beat them to market?

Let me give you an example. Two years ago I thought up a great idea for a tee shirt slogan. However, I was busy and so in the end I didn’t do anything about it. Fast forward two years, and the other day I noticed one of the best-selling teeshirts on Amazon was one bearing the slogan that I’d thought up.

Someone else had the idea too, but they did something about it. And they’re now benefitting from the income generated. From my standpoint, a great opportunity was missed.

Procrastination stops many entrepreneurs from cashing in on a great idea. Don’t let this be you.

If you’re waiting for the perfect time to do anything, you will be waiting for the rest of your life. Now is always the perfect time to start.

Don’t wait until you think the economy will be better or your children have left home or some other arbitrary barrier.

The right time to start your business is right now.

So go for it. Yes, you’ll make mistakes. You won’t get everything right the first time. You won’t become an instant millionaire either.

However, by getting started you’ll be heading in the right direction and you’ll learn along the way.

Hard work combined with implementing good ideas will get you there eventually.

Concluding Remarks:

I hope these business tips for success prove useful to you, dear reader.

However please note, this blog post was not intended to be a comprehensive guide for entrepreneurs.

You’ll find many excellent books on the subject and I recommend that you make a point of reading as many of them as you can because educating yourself is always a good idea.

It doesn’t have to be formal education. Self-education can be just as good in practice. And then, of course, you can start creating your list of business tips for success.

And the best form of education, in my experience, is to learn by doing. You will make mistakes but the lessons learned from those mistakes will be far more valuable to you than anything anyone can teach you in a classroom.

Being an entrepreneur can be a roller coaster ride but it can be a fantastic and enriching experience too. So if it appeals to you, go for it.

Please share this post with your friends:

If you found these business tips for success useful, then please share them on social media with your friends. When you share, everyone wins.

So go on, please share this post now. If you can do that for me, I’ll be forever grateful and you’ll be helping a keen blogger reach a wider audience.

Thank you for your support, dear reader.

Top wealth creation strategies for financial success

01/05/2025 by Roy Sutton

If you aim to learn about wealth creation strategies, you might find this blog post useful.

Essentially, it’s a video from Brian Tracy with some advice on what he sees as the top wealth-creation strategies for financial success. This video is useful, I think.

Brian Tracy is one of the best motivational speakers I know, and I can recommend his audio programs highly.

His messages are always so simple yet so very effective.

I recommend you give this video a few minutes of your time because Brian Tracy is always worth a listen. You won’t be disappointed.

And please feel free to share this post.

Wealth Creation:

Please share these quotes with your friends:

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Why an investment in knowledge pays dividends

12/10/2024 by Roy Sutton

Today I want to explain why an investment in gaining knowledge is important and should be considered seriously.

Investment in knowledge

An investment in knowledge pays the best interest. ~Benjamin Franklin

You don’t get paid for the hour; you get paid for the value you put into the hour. Everyone must understand that important distinction, dear reader.

You get paid for the value you add.

The more value you can add, the more you’ll get paid over time.

It’s really that simple.

If you can solve problems for people with the skills you’ve got, then you can earn an excellent living.

The question is, what underpins your skills and your ability to add value? The answer to that question would be knowledge, of course.

Knowledge comes from learning, and learning is a lifelong process.

Learning is an investment

The quote at the top of this post from the venerable Benjamin Franklin reminds us of the importance of learning. Learning is an investment in ourselves.

We all have an enormous capacity to consume and retain knowledge in our heads, and that knowledge is then a currency with which we can trade. The more knowledge we have, the more value we can add.

When it comes to investing, nothing will pay you a better dividend than making sure you have a good education. And I stress that it’s a lifelong process. It doesn’t end when you leave school or college.

And it’s not about whether or not you went to college or university. Important as they may be, learning can be achieved in many ways.

Self-education is the best education

Knowledge can be gained through reading books, listening to audio and video tutorials, and challenging yourself to master anything that appeals to you.

Learning from hands-on experience, making mistakes, and learning the lessons you can take from any mistakes you’ve made.

In particular, if you want to master the game of money and all matters financial, then you need to become a seeker of financial knowledge and know-how.

You need to become a reader and a keen student of finance. To be successful in investing, of course, you need to know what you’re doing. You need financial education.

The price of ignorance

If you think that education is expensive, then think again. The price of ignorance is far greater.

Ignorance can prove to be very costly indeed. And that’s true in every aspect of your life.

Getting an education may seem expensive, but it’s nowhere near as expensive as ignorance.

So, if you’re not already, become a reader.

The investment in yourself is well worth the effort, and it’ll pay you a handsome dividend.

As the late, great Jim Rohn once said:

“Work harder on yourself than you do on your job.”

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Daily Habits of Successful People

07/21/2024 by Roy Sutton

If success is your aim, can you learn from the daily habits of successful people?

Certainly, I believe quite strongly, that we are what we do on a daily basis.

Anything you achieve or don’t achieve is brought about by the habits you develop over time.

Everything you do is a result of your habits, good or bad. So surely it makes sense to develop and maintain good habits and make them your master?

The power of repetition:

Habits, good or bad, are formed through repetition.

Good habits can be hard to form but they’re easy to live with. Whereas bad habits whilst easy to form tend to be very hard to live with. Our lives can become a battle of good habits versus bad habits. Don’t let the bad habits win.

Good habits can be learned and bad habits can be replaced by good habits. Yes, it requires self-discipline on your part dear reader but it can be done and people do.

Decide on the habits you want to develop and focus on achieving them one at a time.

Start with one good habit:

Start with one good habit you’d like to form and then force yourself to repeat the necessary actions daily.

After around three weeks that habit will be formed and it will just become part of your routine. You’ll start to repeat it with little or no thought. Essentially you’ll do it on autopilot.

If you have a bad habit you wish to replace with a good habit then each time you find yourself about to perform the actions of the bad habit, stop yourself and perform the actions of the good habit instead. Again after around three weeks, the good habit will be programmed into your brain.

Self-discipline is key:

Successful people are driven to develop good habits. Self-discipline is the key ingredient for good habits to form and for replacing bad habits.

Successful people also establish the habit of goal setting on a daily basis.

You cannot hit a target unless you can see that target. Setting a goal is the first step in achieving that goal. Successful people are results-oriented.

Successful people are also people-oriented.

The power of helping others:

You get what you want in life by helping other people get what they want.

Every product is a solution to a problem. Even if your goal is to sing or dance, to succeed you must always recognise that you perform to and for people.

They have a need to be entertained and your aim is to fulfil that need. To solve this particular problem for them if you like.

In dealing with people you must be honest and show integrity if you are to win the respect of others.

So honesty is a good habit to develop. Dishonesty and cheating will catch up with you and will be a permanent stain on your reputation. You don’t need that now, do you?

Look after your health:

And above all, you must look after your health. You have one body and one mind and they must last you a lifetime.

So develop the habit of taking good care of both.

To reinforce the message of the importance of repetition and routine I‘ve included this excellent video from Brian Tracy.

Brian is always a source of great advice for anyone seeking success and aiming to create a successful life for themselves and certainly, he’s one of my main sources of constant inspiration.

The video is short but well worth your time and I recommend you watch it now.

Habits of successful people:

You might like to try these free games too:

Filed Under: Wisdom Tagged With: Achievement, being the best, Inspiration, Life, Making Money, money, Motivation, Philosophy, Sage Advice, Stress-free, Success, Wealth, Wisdom

How to build wealth from nothing: 5 Top Tips

06/16/2024 by Roy Sutton

There’s nothing you can do about being born poor. If that was the case, then it was just unfortunate. However, you don’t have to go through life remaining poor.

It is possible to build wealth over time, and plenty of people do, frequently from absolutely nothing.

Many people born poor become wealthy through their efforts, and you can too, dear reader.

Here are five tips to help you build wealth from nothing.

How to build wealth from nothing:

1. Pay yourself first:

You can make money relatively easily, but holding on to it can be very hard.

We’re all constantly bombarded with reasons why we should spend our money in return for some fleeting sense of gratification. Would that be an experience you recognize, dear reader?

It doesn’t have to be that way, of course, and rich people know that only too well.

So what do rich people do that’s different from everyone else?

Simple! They always pay themselves first.

And what do I mean by paying yourself first?

I mean, the moment you’re paid, you take a slice off the top of your income immediately and put it away somewhere safe. And by a slice, I mean to say 10%, or more if you can afford it.

And what do I mean by somewhere safe?

Well, initially, that would be depositing your money in an interest-bearing account.

However, once your money starts building into a larger sum then you can start thinking about other forms of investment that’ll potentially give you greater returns. Stocks and bonds, for instance.

Building a capital sum is important because, as your money grows, it starts to generate a second income stream for you. That may not seem important to you now, but it will be as you get older.

So paying yourself first is a discipline to which you must adhere until it becomes a habit you do without thinking.

You must always put some money away, and you must make that money work hard for you. You must grow and protect your investment portfolio with careful diversification, and over time, you’ll find yourself building a sizeable fortune.

So here’s today’s mantra for you: Pay Yourself First. Never forget that, please, dear reader.

2. Be an investor, not a speculator:

You must understand that there’s a big difference between investing and speculation. They’re not the same thing at all.

I don’t wish to imply that there’s something wrong with speculation, though. There isn’t.

In the world of finance, speculation brings liquidity to the market, and therefore it does have its place.

However, speculation tends to operate on the ‘greater fool’ principle.

By that, I mean someone is prepared to buy an asset for a given price in the hope that it can then be sold quickly to someone else, the greater fool, for a greater price.

This is what professional speculators do, and they can make money this way because they know what they’re doing and they have sophisticated systems to support them.

However, for ordinary people, speculation is like gambling in a casino. And you should never invest your money as though you’re gambling in a casino.

You might get lucky occasionally, of course, but over time your losses will outstrip any gains you might make, and almost certainly by a significant margin.

So my recommendation to you, dear reader, is that you should never speculate. Instead, you should focus on becoming an investor.

By investing, I mean buying stocks and shares in solid, well-managed, cash-generative businesses that can pay good dividends on a sustained basis.

Buy stocks worth holding for the long term. This will provide you with a steady income stream from the dividends, regardless of any short-to-medium-term volatility in the market. And spread your risk by building a diversified portfolio.

If you reinvest your dividends, then over time you will find that this approach should give you a good return on your money.

If you want to make money and build capital, then my advice to you, dear reader, is to be an investor, not a speculator.

3. Focus on value, not price:

The legendary investor Warren Buffett once said, “Price is what you pay; value is what you get.”

With this observation, he’s making an important point. There’s a distinction between price and value.

A low price for an asset doesn’t necessarily mean you’ll get good value.

And a high price doesn’t automatically mean you will not get value.

Price in itself is not a measure of value. You must consider other factors to judge value.

When you’re buying any financial asset, say stocks and shares, you should always focus on value, and you must establish metrics by which you can adequately judge the intrinsic value of that asset.

Judged in isolation, price is just a number, nothing more.

A lower price means absolutely nothing if you’re getting little or no value in return for your money.

Never, ever forget that it’s the intrinsic value that will determine whether something is worth buying or not.

Get genuine value at the right price, and then you can get a decent return over time from an investment.

4. Create a personal private income:

Much as we all aspire to do work we love, you must never forget, dear reader, that ultimately work is simply a means to an end.

Essentially, work is just doing stuff for other people in exchange for money. In turn, that money is then the fuel on which we run our lives.

Money provides us with the means to put bread on the table, a roof over our heads, clothes on our backs, and those of our loved ones, of course.

If you work hard enough, you can earn a lot of money.

Manage that money wisely, and you can build capital. Invest that capital intelligently, and you can create your private income streams.

When you have a decent private income in your own right then you can truly pick and choose the work you do.

Then you only have to do what you enjoy doing; that thing that gives you a genuine sense of purpose.

Creating a personal, private income is a worthy goal, and it’s well worth the effort.

That way, you’re in control of your own life, and no one else can dictate what you should and shouldn’t do.

You’ll be in control of the good ship ‘Me’ and only you will decide where it goes.

The message here is, to work hard now, so one day you don’t have to work hard.

5. Never forget what matters most:

It would be very easy to believe that a life filled with lots of money and materiality would make you blissfully happy. Well let me tell you, dear reader, that in isolation, it won’t.

I’m not suggesting that these things are not important but you must get your priorities right.

Yes, of course, go out there and make money. Manage it carefully. Buy nice things and enjoy some of that money too.

However, to be truly happy, you must never lose sight of the most important thing in your life and that is family and friends.

People are social animals; we’re not solitary animals like cats. We need other people and most of all, we need our loved ones. A life filled with loved ones and laughter will be a happy life.

So make time for your loved ones, especially your children. Enjoy their company and make the most of every minute with them.

Never focus on work to the exclusion of your family and friends. Without them, you have nothing. Money is important, of course but people are much more important.

Never lose sight of the people in your life.

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Filed Under: Wisdom Tagged With: 5 Top Tips, Achievement, Business, Employment, Financial, financial freedom, How to build wealth from nothing, Inspiration, Investment, Life, Making Money, money, Motivation, Success, Wealth, Wisdom, Work

How serious money is made through self-employment

03/23/2024 by Roy Sutton

Today I thought it would be interesting to consider how serious money is made through self-employment rather than spending your life working as a wage slave.

There are many ways to make money, dear reader, and they all have their merits.

For instance, if you get a job with a big corporation, it’s possible to earn a decent income, and you may enjoy a few fringe benefits too.

And if you get a job in the public sector, the pay may not be as good, but the pension scheme is usually the best you’ll find anywhere. And of course, working for the government is usually a fairly secure form of employment too.

So, if you become a wage slave in any sector, you can make a living, and sometimes that can even be a decent living as well.

However, unless you work on Wall Street or for an investment bank in the City of London, you are unlikely to make a fortune. Unfortunately, dear reader, that’s one of life’s facts.

The road to serious money:

So, if you aim to make serious money, then you should consider self-employment.

And the good news is that we live in an age in which becoming self-employed has never been easier or cheaper. As a result of the Internet, there are so many business opportunities that were simply not available to previous generations.

And the best news is, you don’t even have to give up your day job, not initially anyway.

You can start your own business as a part-time side hustle, initially, and keep it that way until the income your business is generating for you is sufficient for you to live on.

You can even start one business to generate extra cash and as it makes money you can invest that cash into bigger and potentially more profitable opportunities. The possibilities are endless.

The downside of being an employee:

As an employee, you’re trading your time for money and that’s fine. There’s nothing wrong with that if that’s your preference.

However, if your firm does well, you’re unlikely to benefit significantly from any extra profit they make. You might get a bonus but regardless of personal contribution, it’s more likely to be an incidental sum rather than life-changing money.

With your own business, you can make money whilst you’re sleeping.

If you want to get seriously rich then you’ll have to find ways to start making money while you sleep.

Now dear reader I can hear you asking, but how do you make money while you sleep?

Let me give you some examples of online businesses where you could start with little or no money and start making money while you sleep.

Selling products online:

The Internet provides you with the ability to reach most of the people on the planet, wouldn’t you agree?

Think about that for a second.

If you create a website or an online store then billions of people around the world will have access to it. And those people can access it while you’re asleep.

So the potential is there for you to create something that can be generating money for you 24 hours a day 365 days every year.

Still not convinced? Let me give you some examples of businesses you could start to achieve this goal:-

Selling on Amazon:

If you’ve ever bought anything from Amazon you’ll probably have noticed that Amazon is not always the actual seller of the item you are seeking to purchase. Other suppliers sell their products through Amazon via what is known as Amazon Marketplace.

And when third-party suppliers sell products via Amazon they can also use a service known as Fulfilment by Amazon (FBA).

This means if you are the seller, you deliver your stock of products to Amazon and they’ll handle all the logistics associated with product delivery to the buyer.

Fulfilment by Amazon (FBA):

If you want to sell products but you don’t want to handle the packing, postage, and delivery then you can get Amazon to handle it all for you using FBA.

You can do it yourself of course but the point is that you don’t have to because there’s an easier way.

So you can focus on finding products that will offer solutions to the problems your target customers have and just let Amazon do the rest.

And remember this; those products don’t even have to be new. They can be ‘second-hand‘ or used items too.

Second-hand products:

As long as you can find a suitable niche in second-hand products, there is money to be made.

Let me offer you an example.

Each year graduating students have textbooks to sell. Maybe you’ve had that experience, dear reader?

Essentially such students want to get some cash back for books they’re unlikely to read ever again.

Shrewd entrepreneurs recognize that there’ll be a ready market for those textbooks at the start of the next academic year. New students will want to obtain course textbooks at a better price if they can.

So entrepreneurs offer ‘selling students‘ a quick way to turn their textbooks into a little cash.

And then ‘buying students‘ will be sold those same textbooks at a rate which will save them money on the price for the same book had it been bought new.

You make money and everyone’s a winner.

Set up a website:

The entrepreneurial you can set up a website to attract booksellers and then through Amazon Marketplace the books you’ve bought cheaply can be sold at a profit.

And in that way, you could create a profitable second-hand book business.

You could repeat the same trick with music such as vinyl records and CDs, as well as films on DVD.

Second-hand smartphones, tablet computers, and other technology items offer another entrepreneurial possibility.

And don’t forget there’s demand for second-hand clothes too.

Alternatively, you could source your products, e.g. skincare products, cosmetics, household products, and so on and then sell those via Amazon.

I know plenty of people who have created successful businesses with this approach and from them made good money.

Selling on eBay:

When people sell stuff at a boot sale or yard sale, they usually sell at low prices because they price items for a quick sale.

These are things they need to get rid of as quickly as possible for whatever reason and get whatever they can for them. So, there’s a potential opportunity for those with an entrepreneurial spirit.

You buy these items cheaply and then resell them on eBay for profit.

More importantly, people sometimes sell valuable stuff at boot sales and yard sales for ridiculously low prices because they don’t realize the real value of the item.

On the British television show Flog It, I saw a woman sell an antique vase at auction for £800 having originally bought it at a boot sale for just £1. Now that’s a healthy profit.

Yes, such examples would be the exception but shrewd people can and do make money this way and eBay is a great vehicle for doing so.

Affiliate Marketing:

Affiliate marketing is ‘commission only’ selling.

It works through an idea known as content marketing. The idea is that if you can direct traffic to a product seller’s website which results in a sale then you get paid a commission for that sale.

The amount of commission can be as low as 4% or less from the Amazon Affiliate Program to as much as 75% from some items offered through programs like Clickbank and CJ (Commission Junction, as it was known previously).

The idea is that you create a website in a niche of your choice, generate content on known problems for which people are searching for solutions, and then recommend a product as part of the solution you offer. Then you include an affiliate link to that product and you’ll get a commission every time a sale is made.

How do you achieve this in practice?

Well despite its relatively low commission rates, Amazon offers the easiest opportunity for the beginner. You sign up for the Amazon Affiliate Program and then identify a suitable niche that interests you.

Let’s say that niche is budget-priced sports shoes for women. Now the niche does need to be focused and quite narrow. The category ‘Shoes‘ would be far too wide. You need to think about categories for which people will be searching via Google and other search engines.

Once you decide on a niche, you create a website publishing offering reviews of sports shoes for women.

And remember; those reviews don’t have to be your own necessarily.

They could be a curation of reviews you’ve read elsewhere, summarised with an overall rating based on what others have been saying. In other words, you’ve done the hard work for readers by providing them with a comprehensive summary of all the reviews out there and then providing a convenient link to Amazon so that they can easily make their purchase

Creating a review summary by curating input from other sources is legitimate, as long as you acknowledge the different sources which form the basis of your article.

Why review sites are a good idea:

Review sites work with affiliate marketing because they capture buying intent and that’s important.

If someone searches for a review of an item on Google, there is a strong possibility that they will buy if the reviews are positive.

When producing your review articles the crucial action is to embed affiliate links within the text.

Getting readers to click on those links and taking them to Amazon is how you’ll make money. If they buy within 24 hours of clicking on a link you will get paid a commission.

Amazon commissions vary depending on the number and type of sales for which you are credited each month.

So in choosing a niche, you must think about product value too. Generate low-value sales and you won’t make much. However, sales for items with a bigger price tag can prove very lucrative.

That said generating some low-value sales can be a way of pushing subsequent bigger ticket sales into a higher commission rate. So don’t ignore them completely.

Content Marketing:

Essentially content marketing is publishing web content to promote products and services. Content marketing is closely linked with affiliate marketing but not exclusively so.

There are two types of content you can consider, as follows:-

(1) Written Content:

For instance, if you’re producing regular content and publishing it on your blog then there’s the potential to generate an income through advertising.

Now selling advertising space on your blog or website is only possible if you have substantial traffic.

However, If you’re just starting you will not reach those levels for quite some time.

Nevertheless, what is known as pay-per-click (CPC) advertising could generate money for you right from the start.

Perhaps the best-known CPC program is one offered by Google Adsense. You sign up for this program, then embed Google’s links in your blog and they will insert advertising on your blog that is relevant to your content.

EZOIC is another excellent advertising opportunity for new content marketers and bloggers.

Every time a reader clicks on an advertisement you will get paid and it’s not purchase-dependent. Readers only have to click for you to get paid.

The trick with Adsense and EZOIC is to have a narrow focus for your blog.

Here’s an example. Let’s say your blog is about how to keep chickens and deal with blights like red mite. You’ll attract search-engine-generated traffic from people desperate to deal with the problem of red mite. Google or EZOIC will insert ads from companies offering products that will help with this problem and desperate people are likely to click on those ads to see what’s on offer. They click, and you get paid.

As long as your subject matter is focused and narrow, and ideally based on a highly searched keyword or phrase, then this can be a way to generate decent money. However, the traffic levels to your blog will have an impact on how much money you can reasonably make.

(2) Video Content:

Another way to benefit from Google Adsense is to create your own YouTube channel, produce videos and again insert links from Google so that relevant pay-per-click advertising will appear on and around the video. Again if people click then you get paid.

Write eBooks:

Devices such as the iPad, the Kindle and other eReaders, provide you with the opportunity to self-publish eBooks and sell them through Amazon.

You may not be able to come up with the next Harry Potter work of fiction but there is good money to be made writing ‘How To’ books on just about any subject.

They don’t even need to be that long either.

As little as 50 pages or 8,000 – 10,000 words covering a topic of general interest can be enough to produce something that will sell for one dollar or one pound sterling. That might not seem like a lot but sell 1,000 of them and you’ve made a decent sum of money.

Write something on an evergreen topic and it could sell for years.

If you write several eBooks like this on evergreen topics, that could become a decent income stream.

And what do I mean by evergreen?

These are topics for which people have always looked for solutions. That might be something like tips for good time management, or how to lose weight, and so on.

And even if you’re not an expert you can research the necessary information and pull it together for people. Essentially you will be doing the work for your readers.

And don’t forget, nowadays you also have the power of artificial intelligence (AI) to help you in the form of Gemini and ChatGPT. These are powerful writing aids.

Develop Apps:

If you can learn to write code, and of course, you can learn to write code, then you can also learn how to develop apps. If you can develop a killer app and sell it through the App Store then you can make serious money.

And a great app might attract a corporation to buy it for big money. By way of an example, the app Wordle was sold to the New York Times for more than $1 million. That’s a decent payday, don’t you think?

OK, so you’d love to develop an app but you don’t know where to start, right?

Well, there are endless videos and tutorials on YouTube and from these, you can learn how to code and develop apps.

Yes, there’s some work to be done upfront of course.

However, a good app will generate money for years to come. Just think about apps like Candy Crush Saga.

Produce something that becomes a real fad and there’s serious money to be made.

11 things to bear in mind:

If becoming self-employed appeals to you and you fancy making money as an online entrepreneur then here are 11 things you should bear in mind:-

Know your target customers.
Know your target niche or niches
Know your strengths and interests?
Apply your strengths and interests to serve customers
Recognize that different markets need different strategies.
Make sure you’re capturing buying intent.
Create an image that will appeal to your target audience.
With a website, traffic matters.
Search engine optimization (SEO) will bring traffic.
Getting backlinks from other websites will help with SEO.
Be determined, work hard, and learn as you go.

6 things you must do when you’re self-employed:

(1) Register with the tax authorities: Make money by all means but pay your taxes too. Upsetting the tax authorities is not a good idea dear reader wherever you live. In some countries, tax regimes are more benign than in others but it’s always better to keep the tax authorities happy.

(2) Register for sales taxes and VAT: Again it’s all about paying your dues. If you do well financially then you have an obligation to share some of your wealth with the rest of society. Taxes are the price we pay to live in society and you can’t have a successful business without the society in which you live.

(3) Get a separate business bank account: Keep your business activities separate from your personal life. This is very important.

(4) Keep accurate and up-to-date records: You’ll need these in any dialogue with the tax authorities. You don’t want to end up paying more tax than was necessary. Paying your dues is one thing; overpaying your dues is careless.

(5) Insure your business: When you’re in business, you’re required by law to have certain insurance policies. Exactly which policies you need depends on the nature of your business activities. Make sure you know your obligations and act accordingly.

(6) Keep it simple: In the early days, you don’t want to be spending money you don’t have on things that are initially unnecessary. So keep everything as simple as possible for as long as possible.

Conclusion:

Self-employment can be an attractive proposition and for most people, it is the only way you will ever make a fortune. It’s not easy of course but it can be done and you don’t have to ditch your day job to get started.

With an online business, you can start small and build it up over time. And you can mix and match options. For instance, you can start a website to make money with both affiliate marketing and Google Adsense or EZOIC.

A good review website can become quite profitable and once it’s generating revenues on ‘autopilot’ it can become an asset that you can sell for serious money. There are plenty of examples where such sites have sold for 6 and even 7-figure sums.

Don’t underestimate the challenges of course but it can be done and people do. Why not you?

So, think carefully about how best to exploit the opportunities before you and then have a go.

Good luck and may you be the next Richard Branson.

Did you find this article interesting?

If so, then please share it on social media with your friends. When you share, everyone wins.

So go on, please share it now.

If you do I will be forever grateful and you’ll be helping a keen blogger reach a wider audience.

Thank you.

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Filed Under: Side Hustle Ideas Tagged With: Achievement, Business, financial freedom, Income, Inspiration, Making Money, Making Money Online, money, Motivation, riches, Self-employment, Side Hustle Ideas, Success, Wealth

How to turn enterprise into money and riches

01/28/2024 by Roy Sutton

Being poor is sh*t. ~Bob Geldof

The media personality and former rock star Bob Geldof’s communication style tends to be blunt and to the point. He’s not a man to sugarcoat his words, or so it seems. However, he does make an important point here.

People may tell you that money isn’t important, but next to oxygen, it’s essential for a life worth living. You couldn’t live long without it today.

Exactly how much money you need depends on your preferred lifestyle, of course. However, even for a fairly basic lifestyle, a reasonable income is necessary.

None of us want to be poor, of course. Fortunately, we don’t have to be. It’s possible to turn enterprise into money, and money into wealth and riches.

And what do I mean by enterprise? I mean your energy, your resourcefulness, your imagination, your know-how and skills, your ambition, and your determination to make life better for you and your loved ones.

Essentially, you can make your life better simply by making it better for other people.

What is work?

The key message today is that you don’t need to be employed by a commercial enterprise or corporation to earn money.

While being employed is one way to earn money, it’s also perfectly feasible to establish your own business and earn your living by being self-employed.

And in the age of the Internet, it’s never been easier to start a business, even if you have very little money to invest.

Remember also that you can start a business initially as a part-time side hustle while being employed until it’s generating enough income for that business to become your primary means of making a living.

And never forget, for most people, the only way you’ll ever get seriously rich is through your own business.

Certainly, unless you’re a Wall Street investment banker or a lawyer, you’re unlikely to get seriously rich being someone’s employee, trading your time for money.

The key to success in business

The key to success in your own business is to find a way to solve problems for people for profit. That’s the way to turn your enterprise into money. And it’s a lot easier than you might imagine.

Let’s face it, there’ll always be plenty of customers for products and services, some of which are yet to be invented.

People will always have problems, and they’ll always need solutions to those problems.

Remember, every product sold by a company is a solution to a problem, or at least it should be.

Turn enterprise into money

If you continually educate yourself on skills and know-how, then you can create wealth by seeking out customers for whom you can deliver solutions to their problems and/or provide them with services for which they have a need.

If you can satisfy those customers, then you’ll make money, and quite possibly a lot of money, if you can scale up that business as your customer base grows.

Manage your money wisely, and you can build your wealth too.

Determination, hard work, and an eye for problems to be solved are the main ingredients for business success. Your enterprise really can lead you to great wealth.

You don’t have to be poor

You don’t have to be poor unless you’ve given up and you’re just accepting that being poor is your lot in life. It’s not, and nor should it be.

You’re perfectly capable of generating your income, dear reader.

You just need to do stuff for other people and find a way to add value to their lives. In this case, adding value means solving problems or making their lives easier and/or better in some way.

Help yourself by helping others get what they need

It all comes down to your willingness to find a way to serve others. Simple!

There are opportunities there for you to take every single day of the week if you’re enterprising and ready to solve problems for other people. However, you do need to be fleet-footed.

The best time to start a business might have been last year, but the next best time is right now.

And age is no barrier to starting a business either. Remember, Colonel Sanders was 65 years old when he started KFC, and Ray Kroc was 52 when he started building the business we know as McDonald’s.

It can be done, and people do. Why not you? Go on, just go for it! Real riches can be yours.

Good luck!

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Filed Under: Wisdom Tagged With: Achievement, being the best, How to turn entreprise into money, Inspiration, Life, Making Money, money, Motivation, Philosophy, Sage Advice, Stress-free, Success, Wealth, Wisdom

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