how to start successful business and become rich.

How to start successful business and become rich.

If you are here so i can consider most of you are a school/college going student or have completed his/her studies or a person frustrated from his/her job.

Do you know once when Bill gates was talking over the phone, then person next to him asked ‘whom are you talking to?’ . Bill gates replied ‘I was talking to bank for loan’ . the person asked ‘why do you need loan?’. Bill gates said ‘ I don’t need loan , the bank does’.

Now you have a burning desire to start your business and become successful in anyway. It is in your mind that once i have to try it i don’t care what happens next. Then this blog is for you read the whole blog and you will understand how to start your desired business and become successful in that.

Do you know based upon thousands of surveys 90% of people who are not reading this blog will not become successful in their business because from that 90% the 60% of people will fail because they will never try to start their business until their death because of the fear of future loss. And remaining 30% will not fail because they have not tried but will fail because they will not learn how to do business and will directly start the business because they think they have a good idea and have much to invest so they will become successful anyway. It is like you don’t know how to swim and you have confidence that if you jump in to water you will swim.

We can consider business is like chess directly entering in to business is like you don’t know anything about chess and you are going to a chess competition and try to win chess before a person who is champion of chess and has played chess from years.

Now you know you can’t start a business without learning it. It is not the theoretical study based upon your school or college studies but is practical knowledge then what’s the way to learn the business you want to do. Here is a step by step guide to it.

1. Select your business:

selecting your business is not an easy task so how to find which business is perfect for you?

Survey for products that are needed in your locality by the help of social media platforms. select the business the business that is having less competition and the main thing is you should be interested in that business so that you should not quit the business before it give any result the selected business should not take any big investment to start on small scale.

ADVICE: The business you select should have speciality .e.g If it is plastic shop it should contain all kinds of plastics.

2. OBSERVATION:

you should observe the statistics of your selected business and see what are the main resources from which that shop is making maximum profit e.g If the plastic shop is making maximum of its profit from 50 micron carry bags so you will keep variety of 50 micron carry bags. Do you know 80-20 principle which is also called Pareto principle which states that the 80% of the profit is gained by only 20% of work. It can be applied in almost every aspect of life like 80 percent of grocery is grown from 20% of land and 80% of money is owned by 20% of people. So to start a new business you have to find that 20% work which make 80% of profit in that business by observing and also you should find that 20% advertisement platforms from where the 80% of customers are coming from.

3. UNDERSTANDING:

understanding is the most essential part while starting a business you have to understand the things which you have observed and you should conclude as the things as much as you can it is not like our school/college life where you will be given tons of information and in that tons of conclusion here you are the only one who can conclude the things based on your observations. e.g. If you have observed that 50 micron carry bag is making 80% of the profit so you can conclude that there is need to keep variety of 50 microns carry bag based on size and colour. Also it is the part where you will understand the people you have observed that have failed in there business so why the failed and the people who achieved success so why they achieved success what was the difference between them? Both have invested both were having good ideas both were talented then why one failed and one achieved success for better understanding you can read books and autobiographies of successful people. E.g the people who failed in business have not learned business and the people achieved success have first learned the business.

4. APPLY IT:

This step will decide you will fail or become successful. Here if you will start a small scale business and implement whatever you understood means you have to practice the business. Because you know practice makes the men perfect. And if your practice become successful then you have to shift your business slightly towards large scale business and like this you can achieve success in your business.

5. NEVER QUIT:

If you will not get success in your small scale business then make changes in it when ever it is ready to make money means it became asset from a liability then you can shift it to large scale slowly. But the thing is you should not do it fast if you will start a business on large scale directly without testing it to small scale then if that business is failed then you will suffer expenses of a big bulky liability.

Here liability =An object that suck your money.

Asset =An object that will create/grow money.

So best of luck!!
I believe this information must be useful to you.

Make sure you should Bookmark this blog if you want more content like this.

I pray you become an millionaire or billionaire in your near future.
Thank you being part of our society.

comment below and tell me how this blog helped you.
share if you want to tell this useful information to your friends.

At the end I want to tell you a thought:“Success is going from failure to failure without losing enthusiasm.”

- Winston Churchill

goodbye friends until my next post.
stay happy stay smiling.

what is passive income? and 7 passive income ideas.

As you all know that now a days there is a tough competition in business as well as in government and private jobs considering this tough competition you can conclude that it is not possible to become a millionaire now a days. And can loose confidence and inspiration to become rich.
but do you know?
there are some ways to become rich but you need to be patient and should wait until your work generates income.so here are some passive income ideas you can try today and can start generating money now.for some of you who don't know what is passive income "the passive income is a source of money generated by you if you don't work at the night no matter but your source will generate money all the time".so lets begin with our first passive income idea.

1.INVESTMENT

Online Robo advisers:

1.Betterment

2.Wealthfort

3.Acorns

4.Robinhood

5.Allyinvest

6.E*trade

I will suggest betterment if you can’t think where to invest.

As you know investment can be a good passive income idea.

But how?

You can invest in stock marketing but that is risky so what to do.

i am telling you there are tons of online robo advisers which can help you in investment but some of very trusted sites i have given above.

2.Deal and Survey sites

Examples:

1.Swagbuck

2.Inboxdollors

3.Mysurvey

Do normal shopping you do online and make a little bit extra money.

You can also do paid surveys in your extra time and can make good money doing that.

3.Credit card reward points

you can earn reward points by using your credit card which are more than any debit card points.

4.Istock photography

Example:

Shutterstock.com

Istock photography is now becoming a trending topic in passive income ideas because it do not need any extra time only the pictures you take for fun you can upload on sites like shutterstock.com and istockphoto.com by becoming an member and can get 30-40% profit from sell of photo every time it is sold. The quality the picture more the sell will be and as more the sell will be more will be the profit you get.

5.Blogging/creating website

Earn with:

Google Adsense & Affiliate marketing

You can make blog or website on a topic you are interested in and make your language attractive and can make your permanent viewers and then apply google adsense. you will be paid for ad clicks and ad viewers accordingly.

Peoples also use blogging as their main income source for their livelihood. May be you can become one of them.

6.E-book/physical book

Example:

Mike Piper-www.oblivousivestor.com

He makes 6 figures an year from

his e-books.

You can also write books like that and can make tons of money you don’t have to write tons of pages for a book only 16-17 pages book is sufficient but only the thing is it must be unique and useful for buyers.

7.youtube

Examples:

1.Pewdiepie

2.Tech-Gaurav Chaudhary

3.Comedy-Ashish Chanchlani

4.Roasting-carryminati

5.Adult comedy-bb ki vines

If you are dedicated for your youtube and fill content in your youtube very fast then only you can become an successful youtuner and second thing you should make your content for international viewers because youtube give quality of ads asper the variety of viewers.

here also i want to say:The quality and interesting the video more the viewers will be and as more the viewers will be more will be the profit you get.

So best of luck!!
I believe this information must be useful to you.

Make sure you should Book mark this blog if you want more content like this.

I pray you become an millionaire or billionaire in your near future.
Thank you being part of our society.

AT the last i want to tell you a thought:
“success is not built on success. It’s built on failure. It’s built on frustration sometimes its built on catastrophe”.
-Summer Redstone

Think and grow rich

Hey friends!!

“Think and grow rich” this single book had made many people rich and had made them many fortunes which no book has ever done.

So let’s begin.

Napoleon hill was a journalist and writer who fortunately got the chance to take interview of the richest person of that time Andrew Carnegie. Interview was going well but then Carnegie kept a very serious offer before him.

Carnegie said that i know that most of the people will fail during the process of geting successful while trying to figure out everything themselves. But the reality is that the principles for becoming successful are universal. As laws of gravity and motion can’t be change. The principle of getting rich can’t be changed.

So it will be better for people to understand that principles from us rather than investing any of their important time. Therefore i want you to make a book that should contain the wisdom and knowledge of the world’s most successful people that will help the people to achieve success quickly. I will give you opportunity to interview the world’s most rich and successful people by my contacts but thing is i will only give you money for travelling and nothing more.

So will you like to accept my offer?

After thinking for few seconds Napoleon accepted the offer.

After that he researched for about 20 years on 500 world’s most rich and successful people and created a wonderful book. I am giving you a brief summary of that book.

So let’s come to the topic.

1. DESIRE

· Having a burning desire to achieve your goals

a. Fix the amount of money you want

b. Determine exactly what you intend to give in return for the money you desire

c. Establish a definite date when you intend to possess the money you desire

d. Create a definite plan

e. Write down everything

f. Read it daily

2. Knowledge

1. General

2. Specialised

3. Imagination

· Men can create anything which he can imagine

4. Persistence

5. The power of mastermind

1) DESIRE:

· Having a burning desire to achieve your goals

Example: when seeing a sports car many people will say I wish I had this type of car but on the other hand, person with strong desire says I like this Ferrari Enzo . I will have it one day for sure. The stronger the desire will be more will be the chances of that person to complete that task.

A good example of strong desire is: In 1519 Harden Curtis went to a foreign land through seaways for conquering that land. His aim was to make that land on his name. It was his desire that he wanted to complete at any cost. But when he reached that land with his 500 soldiers he saw his enemies were much more in number. Then by seeing this, Harden ordered his soldiers to burn all his ships.

Why? Because he wanted to win that battle anyway but if the ships will be there then their soldiers may think to go back and run away. So he burnt his ships and said “Either we die or win”. Because of this emotional phrase and dangerous decision, his soldiers fought with their full strength and achieved victory.

This is extreme desire that don’t even think of his life.

Well, I am not suggesting you to endanger your lives.

But at least you should devote your time and hard work for your dreams.

But the author says that we can also use it for money desire in reality in 6 steps.

These are:

a. Fix the amount of money you want:

Decide exact amount that you want to live a good life. Because if you don’t know the fix amount then you will become like a ship which is went for a journey but don’t know its destination. So there are more chances that the boat will never achieve any goal. Therefore it is important to fix the amount of money you want anyhow for a living a good life.

b. Determine exactly what you intend to give in return for the money you desire:

Now think what sacrifices you can do to get that amount of money what you fixed. Because success needs sacrifice i.e. nothing but time, money, and hard work .

e.g. I can sacrifice 6 hrs of time 2 hrs of sleep and 8 hrs of hard work.

Because it is a universal law that you have to pay something to get something.

c. Establish a definite date when you intend to possess the money you desire:

Decide a date up to which you want to earn the amount of money you fixed.

d. Create a definite plan:

Create any plan and start to implement that don’t think about creating a perfect plan because there is nothing like a perfect plan. So start taking actions immediately. Because if you will take more time to plan then you may never start working.

e. Write down everything:

Take one book and write the answers of the all that four things that are written above. Because it will give you a direct start that will help you do your task.

f. Read it daily:

Read the things you have written i that book at least twice a day. And read it loudly repeat it like this it will fit in your subconscious mind. Which are very important to think and grow rich.

2) Knowledge:

There are two types of knowledge :

1. General

2. Specialised

1. General:

Here the problem is most of people fill their mind with general knowledge from their childhood like general knowledge, facts and figures which usually don’t help us in our real life in anyway.

2. Specialised:

But the successful people fill their mind with specialised knowledge of one field.

And that specialised knowledge also help them to make money in real life.

e.g. a doctor with a normal clinic doing general treatment do not make as much money as a doctor who has specialised in one organ like heart or eyes.

Once a news paper mentioned Henry ford as a ignorant pessimist and was mentioned as a very bad person therefore Henry ford sued them and when the questioning begin in court then opposition lawyer started to do stupid questions like who was Benedict Arnold? And how many soldiers British sent to America to put rebellion down in 1776? And many offensive questions . Hearing all that shit his brain cracked and he shouted by showing finger : hey if I really have to answer these foolish questions you have been asking me remember!! There are bunch of electronic push buttons inside my desk by pressing right button I can call any person who can answer me all that questions that you have been asking me including the questions related to my business now can you tell me why I should remember all that general knowledge that will be never useful to me and can get answer by just pressing a button!!

After hearing this question that lawyer paused and the people present there also agreed that his question is logical. Everyone knew that the Henry Ford is not an ignorant but is an extremely intelligent intellectual.

Most of the people do a mistake that they fill their mind with useless information which will never make anything for them and our education system is also contributing in this. Therefore author suggests you should specialise in one field rather than learning basics of every field. Just become a master of one field like nobody can. Because only that specialised knowledge can grow you rich.

3) Imagination:

· Men can create anything which he can imagine

In around last 150 years the humans have achieved that they never achieved in entire history.

Example:

1. If you go 150 years back, and say ‘a time will come when people will sit in a metal chamber and will fly from one country to another in few hour the people may have considered you as a fool’. But now it has became a reality in the form of aeroplane and helicopter. Because of thinking like Henry ford it has become possible to travel in a car rather than a horse cart.

2. Only by dial of some numbers on a solid sheet(mobile phone) we can talk to a person present in another country. It was also a unbelievable imagination which now a child can also do. Like this the billion Dollar businesses have set up in this world. So to grow rich you also have to do same kind of imagination.

Here the imagination can be divided in to two groups:

a. Synthetic

b. Creative

a. Synthetic:

Synthetic means to observe others ideas and modify them or to mix up two ideas or to improve the same idea and make it a new idea it is very common imagination which come with experience and observation.

b. Creative:

These are new ideas which have never been discovered.

4) Persistence:

Desire and persistence together make a special formula that can make anyone successful.

Example: Once there was a partially deaf boy once his teacher posted a notice to his mother that “your son is stupid. He can’t do anything in his life please keep your child at home”. Then his mother replied that “my son is not a stupid. I will teach my son and he will become successful person. After all that his son got a burning desire to achieve success one example of his persistence is invention of light bulb.

Yes, he was Thomas Edison, he failed around 1000 times but never gave up and invented a light bulb. He says he haven’t failed 1000 times but he got 1000 ways how not to make light bulb. This is actually called true persistence.

Another great example of persistence is Colonel Sanders who took secret chicken recipe of his mother and went to search a partner who can help him to make that recipe famous after he become insolvent at the age of 65 but as expected no one was interested in his idea but after 1009 times rejection finally one person accepted his offer after that his life changed he became millionaire in few years. And now KFC has became a big brand that we all new. It became true only because of persistence of Colonel. We all should be persistent until we achieve our goal. We all have to make our dreams true because we can.

5) The power of mastermind:

We all become like that 5 people with whom we spend our most of time. It means if you spend your most of your time with 5 positive and successful people the chances you will become positive and successful but if you will spend most of your time with negative and unsuccessful people the chances are that you will become unsuccessful in life. This is a point to think because mostly you will see unsuccessful people are always surrounded by negative people who always discourage them and tell them negative thoughts so he ignores all the good and positive things he learned in his life. It is impossible not to do it but on the other hand the positive people spend their most of time with positive and successful people who always encourage them and help him to achieve success. We all humans are social creatures who are mostly influenced by their society.

Example: if a person is in the group where everyone smoke the chances are he is already smoking or will start smoking in near future.

Therefore try to spend most of your time with positive and successful people.

Follow the social media groups which will keep you positive and try to speak like positive and successful people.

All these points are from one of my favourite book think and grow rich.

If you like all the points which I have told you from this book then you can buy it from amazon.com.

So best of luck!!

I believe this information must be useful to you.

Make sure you Bookmark this blog if you want more content like this.

I pray you become a millionaire or billionaire in your near future.
Thank you being part of our riders family.

RIDE ME CRAZY

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how to start successful business and become rich.