Opera News

Opera News App

Seven Key Factors That Can Make You Become Rich.

Africamedia.gh
By Africamedia.gh | self meida writer
Published 21 days ago - 10 views

First and foremost, people fails to make it to the top because of the lack of knowledge and experience which maybe the major problems hunting their success.

1. Do not afraid to try something new, we always fail's because we fear to take risk on something that is new to us which is wrong.

The time Jack Ma started buying and selling used electronics people were discouraging him to stop wasting his time on them but luckily enough he did not cease to continue what he was doing until Alibaba get to the higher level and Alibaba is now the second highest online retail and wholesale store after Amazon.

2. Have a daily budget for your business and never stop to do it. If you are a business owner and do not have daily budget, then should start it now if not it will affect.

When you are making $100 for your daily profit, you have to use 10 percent for utility bills, 10 percent for taxes, 50 percent for future savings, 10 percent for maintenance, 10 percent for your feeding and 10 percent for other activities such as buying clothes etc.

3. When starting a new business, do not use your entire capita to invest because the risk of failure is always high on new business.

You may use 40 percent of your capita to invest but never use all your money because at this point the you do not have a enough knowledge.

4. Don't let failure discourage you, many fail to succeed because of the inability of he or she first trial wasn't successful, life is full of learning new things in our daily life activities, so if there is no failure then success too will not come because we learn more from failures and later on our mistakes will be corrected.

5. Be ready to learn from others, especially the experts who have more experience in the field that you are going to, no man was born without depending on others.

Until you are gone, you can never stop learning because some setting level you not grow tall but rather wiser.

6. Find a good location for your newly business, this a major issue for starting a business .

Many businesses are always on the commercial areas because most people stays in the urban communities more than the villages, example, starting a barber shop, you need an busy place which is near by the road so that any person can see your shop.

7. You need to good managerial skills to what the people need and always use your profit to invest new but not the capita.

Content created and supplied by: Africamedia.gh (via Opera News )

Tags:      

Jack Ma
Opera News is a free to use platform and the views and opinions expressed herein are solely those of the author and do not represent, reflect or express the views of Opera News. Any/all written content and images displayed are provided by the blogger/author, appear herein as submitted by the blogger/author and are unedited by Opera News. Opera News does not consent to nor does it condone the posting of any content that violates the rights (including the copyrights) of any third party, nor content that may malign, inter alia, any religion, ethnic group, organization, gender, company, or individual. Opera News furthermore does not condone the use of our platform for the purposes encouraging/endorsing hate speech, violation of human rights and/or utterances of a defamatory nature. If the content contained herein violates any of your rights, including those of copyright, and/or violates any the above mentioned factors, you are requested to immediately notify us using via the following email address operanews-external(at)opera.com and/or report the article using the available reporting functionality built into our Platform

YOU MAY LIKE

No matter how you like a girl, don't talk to her in these 3 places(Read More)

3 hours ago

311 🔥

No matter how you like a girl, don't talk to her in these 3 places(Read More)

2021 6th March parade has been suspended due to the rise in covid-19 cases.

5 hours ago

43 🔥

2021 6th March parade has been suspended due to the rise in covid-19 cases.

Highly expected mathematics topics for BECE

5 hours ago

9 🔥

Highly expected mathematics topics for BECE

Lawlessness on our roads and total disregard for human life

7 hours ago

15 🔥

Lawlessness on our roads and total disregard for human life

Photos of Nana Ama McBrown that will make you think she is less than thirty years old

7 hours ago

209 🔥

Photos of Nana Ama McBrown that will make you think she is less than thirty years old

Step Formula To Start An ONLINE BUSINESS

10 hours ago

4 🔥

Step Formula To Start An ONLINE BUSINESS

Dear Women, A Man That Does These 3 Things In Your Presence Doesn't Value You(Read More)

10 hours ago

406 🔥

Dear Women, A Man That Does These 3 Things In Your Presence Doesn't Value You(Read More)

Ashgold should stop complaining about bad officiating

13 hours ago

96 🔥

Ashgold should stop complaining about bad officiating

FACT CHECK at Ministerial Vetting: Afriyie Akoto’s Cocktail of False Claims and Contradictions

14 hours ago

14 🔥

FACT CHECK at Ministerial Vetting: Afriyie Akoto’s Cocktail of False Claims and Contradictions

WN/R: Coronavirus Active Cases Drops in the Region

14 hours ago

8 🔥

WN/R: Coronavirus Active Cases Drops in the Region

COMMENTS