Wealth Creation Demands
Fulfilling the following demands is not a sure way to be wealthy but its a sure way to enhance your chances of being wealthy:
Fulfilling the following demands is not a sure way to be wealthy but its a sure way to enhance your chances of being wealthy:
- Business Ownership
- Own something no matter how small.
- The upside potential is high.
- Draw a growth plan.
- Business knowledge
- School yourself continuously in the area of your trade.
- Knowledge is key
- Trends are changing and you don't want to be left behind
- Personal Savings
- Save money in both your personal life and your business venture
- This demands discipline
- Risk taking
- Opportunities tend to smile on risk takers
- They always go to bed with those who dare
- This should be calculated risk
- Take note of the risk/reward trade-off
- Patience is an anchor
- Don't eat the seed to early
- You can't afford to declare a dividend in the first year of trade
- Reinvest profits in the preliminary years
- Don't give up on the slightest challenge
- Relationships
- Invest in relationships
- Business is about relationships
- Know who to chase and to shut out
- Diversify
- Spread your risk
- Simply put: Don't put all your eggs in one basket.
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