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    Entrepreneur Secrets - How to Build Wealth and Escape the Rat Race
    Entrepreneur Secrets - How to Build Wealth and Escape the Rat Race
    Entrepreneur Secrets - How to Build Wealth and Escape the Rat Race
    Ebook70 pages57 minutes

    Entrepreneur Secrets - How to Build Wealth and Escape the Rat Race

    By Rick Markley

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    About this ebook

    Starting a business is an adventure. It can be scary, stressful, and painful, but it can also be extremely rewarding on many different levels.

    Just about anyone can start a business. You don't need a lot of money; you don't need to be a financial or computer genius. Don't let the idea of starting a business intimidate you.

    While nearly anyone can start a business, not everyone can succeed. Being successful requires a good idea, thorough planning, adequate resources, hard work, good execution, and luck. Too many entrepreneurs think that a good idea alone will be enough, but that's rarely the case; planning is an area that's often neglected, but which can give your company an edge over others.

    Starting up and running a business will give you a higher quality education in all aspects of business—management, marketing, finance, accounting, human resources, strategy, operations, and more—than just about any endeavor. Running a business will teach you about yourself, forge character, and create capabilities that will be assets to you for the rest of your life. In that respect, there is no failure for the entrepreneur that plans and prepares properly; the only failure is the experience that doesn't teach you valuable lessons.

    Entrepreneurship isn't for everyone, but if you believe it's the right path for you, plan wisely, and good luck with your venture.

    LanguageEnglish
    Publisherdsk-enterprise
    Release dateJan 13, 2020
    ISBN9781393505471
    Entrepreneur Secrets - How to Build Wealth and Escape the Rat Race

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      Book preview

      Entrepreneur Secrets - How to Build Wealth and Escape the Rat Race - Rick Markley

      Entrepreneur Secrets

      How to Build Wealth and Escape the Rat Race

      Rick Markley

      Copyright © dsk-enterprise Inc.

      All rights reserved. No part of this publication may be reproduced in any form without written consent of the author and the publisher. The information contained in this book may not be stored in a retrieval system, or transmitted in any form by any means, electronic, mechanical, photocopying or otherwise without the written consent of the publisher. This book may not be resold, hired out or otherwise disposed by way of trade in any form of binding or cover other than that in which it is published, without the written consent of the publisher. Respective authors own all copyrights not held by the publisher. The presentation of the information is without contract or any type of guarantee assurance. All trademarks and brands within this book are for clarifying purposes only and are the owned by the owners themselves, not affiliated with this document.

      Disclaimer

      The information contained in this book is strictly for educational purpose only. The content of this book is the sole expression and opinion of its author and not necessarily that of the publisher. It is not intended to cure, treat, and diagnose any kind of disease or medical condition. It is sold with the understanding that the publisher is not rendering any type of medical, psychological, legal, or any other kind of professional advice. You should seek the services of a competent professional before applying concepts in this book. Neither the publisher nor the individual author(s) shall be liable for any physical, psychological, emotional, financial, or commercial damages, directly or indirectly by the use of this material, which is provided as is, and without warranties. Therefore, if you wish to apply ideas contained in this book, you are taking full responsibility for your actions.

      Table of Contents

      1: Being an Entrepreneur

      2: The Main Rules of Business Success

      3: Deciding Which Business to Go Into

      4: How to Avoid the Pitfalls of Starting a Business

      5: The Importance of your Skills

      6: Getting Prepared

      7: Miscellaneous Tips

      Introduction

      The word entrepreneur comes from the French verb entreprendre meaning to do or to undertake. An entrepreneur is someone who does, someone who acts. Generally, this means putting the time, energy, and money into starting up a business, and being willing to take the risks that come along with it. Whereas most people see problems, entrepreneurs see opportunities. Whereas most people complain about problems, entrepreneurs create solutions.

      Small businesses are the lifeblood of the economy. Nearly two-thirds of all new jobs created in the past fifteen years have come from small businesses, and over half of these businesses are run from home!

      About one out of ten people work for themselves or for a small company. We're all very fortunate to live in a world that encourages the creation and growth of new businesses. The process of opening your own company is relatively easy.

      But who can be an entrepreneur?

      Anyone can be an entrepreneur. You may be a twenty year old kid with no money in the bank with just a good idea, and you can still build a company from scratch. You don't have to be old to create a business: Google, Facebook, and Dell are all examples of companies that were started by students. You don't need lot of money, either: Microsoft, Nike, Domino's Pizza, Hewlett-Packard, and Eastman Kodak are all examples of companies that were started with ten thousand dollars or less. Don't think that setting up a business is an intimidating task that requires a lot of work, money, and special talent.

      The question Who can be an entrepreneur? wasn't really a fair one, was it? If I asked, Who can play golf? and you answered Anyone, you'd be technically right - just about anyone can pick up a club and hit a ball. But the real question should be, Who can play golf well? Just about anyone can start a company, but being a successful entrepreneur requires a particular type of person, a lot of hard work, and a good measure of luck.

      1. Being an Entrepreneur

      Many people think that today's entrepreneurs were always entrepreneurs, and that they were born with some entrepreneur gene that directed them into starting up companies from an early age. In reality, many of the most successful entrepreneurs were people who worked for large corporations for many years, gaining experience, saving money, testing ideas, and making business contacts before venturing off on their own. Just about every large corporation you see today was at one time nothing more than an idea in some entrepreneur's mind.

      Entrepreneurial Myths

      This brings us to one of the myths about entrepreneurialism. We'll look at a few of the common entrepreneurial myths throughout this section.

      MYTH #1: You need money,

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