Does it take an aggressively enterprising person to have a substantial income?
474547
Being aggressive is a good trait. But you will need more than that to become successful and earn a substantial income. The choice of the enterprise you like to be involved is important. It should be legal and acceptable. Then you check on your own attitudes. Are you in this enterprise solely for money or you have a bigger picture. Do you love what you do because it helps the community? Are you able to stick to it long enough? Are you prepared to modify your operations to improve? What about putting time and effort into research? Please remember that your actions is like a mirror that will reflect on your result. So keep this mirror clean and clear.
529735
It depends on you, your goals, your capability, your appetite for risk.\n\nNot everyone is cut out to be an entrepreneur. Some are better off as salaried employees, while some are more willing and able to ride the ups and downs of self employment.\n\nA person who decides to start his or her own business face a long, winding road that is tumultuous on occasion and blocked by obstacles.  While some people may have the motivation and desire for business ownership, they may not have taken the time to properly investigate and research their abilities and their business ideas.  As a result, while thousands of new businesses are started each year, many more either fail or discontinue, and others transfer ownership or control.  If the business fails – and it could – it may not only wreak havoc with your personal savings and other assets, but it could give your ego a tremendous blow.
788309
Yes, less than that often times. I've seen 1,2, and 3 year millionaires. All real estate related. But that's just a bias of certain types of business i'm involved with. Honestly, If you want to become a millionaire, I'm suggesting you find someone with make it happen power who already has a company, and you use that to jump start your product in the mass market. And for billionaire status, I'm suggesting that you go Big business. That means get a product that you could possibly collaborate with extremely large companies like Febreeze, or Tide, for example, with potential to stretch to all different sorts of companies in the field. Don't stop with one endeavor, Get many endeavors and delegate the responsibility to competant parties.
824616
i would say yes - of course that depends on what the nature of the business is. \nIf you wanted to open a first class restaurant and needed premises fitting out with kitchens etc, or a factory with heavy plant machinery needed to run the business then you might struggle! however, i have a services based business and work from home, it cost me around  £1k to get up and running and i have just passed my first year and am here to tell the tale.\nas long as you do the financial planning you need and feel you could do it for £10k then go for it! it could be the best thing you ever do.
1038599
Any small venture can be successful as long as:\n\n- There is demand for the product. People must want and buy the products. Otherwise, no amount of marketing can help the business. If there are no sales, the business will just be a cash drain for the owner\n\n- Healthy profit margins. If your profit margin is only 2% -- and prices and inventory cost increase -- then your margin will be squeezed out. A small business can succeed if it is operating good profit margins that can help it withstand market shocks and price increases.\n\n- Good revenue per sale: if the profit per sale is only $1, then to make $100,000 the small business need to sell 100,000. A small business may find it harder to do tremendous amounts of volume.\n\n- Good niche area. A small business may find it hard to compete head on with Amazon.com or Walmart, for example, trying to be everything for everyone. But if the small business can focus on one area -- and be very good at it -- then it has better chance of growth.\n\n- Good cash flow management. A small business may have sales, but if it cannot collect payments and run out of cash, the business will have a hard time.\n\n- Growth prospects of the business and how growth is handled. A small cleaning business can only handle certain number of accounts effectively and efficiently, and profits will plateau. To grow, the business either needs to expand its staff to be able to handle more accounts or expand the area of coverage. Either way, how the business owner handles growth, and all its accompanying problems, can spell the difference between success and failure.\n\n- Suitability of the business with the entrepreneur. The entrepreneur is the heart of the business. Sometimes, the entrepreneur is the business (if it is a 1-person operation). The business owner must have the passion and drive to push the business to success.The person must be able to spot new opportunities and learn how to handle the challenges. Otherwise, if the entrepreneur loses interest, then the business may die.
196768
Income depends on outcome.\n\nIf you work hard and improve your work methods every day, in order to improve the QUALITY or the QUANTITY of what you produce (i.e. the outcome), then you will never have to worry about your income.\n\nTo answer your question specifically, especially the part "without having to do that much work," I would say that the solution is to find work that you really, really want to do.\n\nThe more you want to do it, the less it will feel like work!\n\nThis may sound crazy to some people, because we often associate "work" with "necessary evil."\n\nBut that's because people confuse "work" (which you do to get paid and pay the bills) and "Work" -- with a capital "W" (which you do because that is your talent, your purpose in life).\n\nMost people KNOW what it is that they are good at. But they are afraid to go for it. They would rather go for the safe bet.\n\nEverybody has at least one talent. What is lacking, I think, is the courage to go to the dark places where that talent will take you. Yes, it's hard. But the incredible reward, if you decide to do what you love to do and are good at, is that you will never have to work a single day in your life.\n\nThis 19-year-old, who launched www.mobiletracker.net, proved it. He gets paid $55,000 a year to work only three hours per day (right beside his pool at home).
932281
Let's put it this way. I am pretty experienced in my career. I see rookie come into my firm making more than what I started at because they have a piece of paper. It really works. Its the fastest way to make more money, period (at least in the copr world). Also, dont forget the vast resources open to people in school. Lots of networking, social skill development, free libraries, educated scholars for advice.
986224
By taking calculated risks and having them pay off...\n\nBy challenging the status quo...\n\nBy starting your own company around what you do that no one else does...
669326
Everybody has bills to pay. Successful people never let circumstances control them. That is why you see so many people living mediocre lives because they let circumstances control them. You gotta overcome to become.\n\nAny kind of business will involve risk. If you do not have a huge capital to begin with, my advice is get a regular day job. Start your business on the side. Work hard in your business until the business income surpasses your day job income. Then quit your job and concentrate on building a bigger and better business.
675373
Wow, you've asked the right question!\n\nI considered doing it once, and took a job as a counselor at an agency in town to learn a bit about the business.  THE biggest challenge that the company had was dealing with the cash flow issues, and funding the ever-expanding working capital.  Consider how the business typically operates.  They send an employee out on a job.  At the end of the week, the temp agency pays them, and then they bill the client/business.  Typically, the businesses would stretch out as long as they could before they paid.  So, it would often be as much as three months before they got paid.  What this means is that your working capital grows astronomically and sometimes catastrophically.  The faster you grow, the more credit you need to cover.  \n\nAnyway, its an interesting and rewarding business, and if you can recruit well and market your services effectively, I think it should be viable.  But, the financial side of it is far more enormous than I ever imagined.\n\nBack in the day, Entrepreneur Magazine had published a very useful start-up kit for that specific line of business.  It was quite costly back then - something like $250, but I'm told they are more in the $20-30 range today, so I'd strongly suggest looking into it, if they still offer it.  (I'd send you mine if I knew where it was.)\n\nBest of luck to you.
893057
This depends on what your attitude to hard grafting work is like,\neither one is suitable for those who apply themselves.\n\nTo make big fast bucks,then rob a bank ......cos you have to work at anything in life to make huge money, personally I would select real estate but again it takes dedication and ppl skills with the ability to close sales.....\n\nYou can achieve anything with the right attitude n drive, why not come up with a new version of saving fuel for cars or some whiz bang idea on internet then sit back whilst your bank roll grows from a simple idea.............NOW GO GET 'EM...♥
298780
Well, to be quite honest, I've never known anyone who has made a living with an internet business. That is not to say that it can't be done. However, I have my own business, which is doing quite well. I put a bit of money into it to get started, and I am doing great. I am a DJ/KJ..(KJ-karaoke) and it took a few years to get it off the ground. Now it's to the point that I'm double booked, and (thank God for me having 2 systems) I can pretty much keep up on shows. It just takes a lot of time and effort to get your own business going. Good luck!
819775
Self discipline and a strong work ethic, even in the face of no immediate results.\n\nThe great lie of self-employment in general and real estate (sales and financing) in particular is that big money is to be had with very little effort - that it's all golf courses and Mercedes Benzes.  \n\nNothing could be further from the truth.  In many marketplaces, real estate agents are overpopulated for the market - number of realtors way outstrips the average number of transactions.\n\nThis means you have to work constantly, hard, every day, to distinguish yourself from the huge pack of agents who don't put in a full day's work every day.  \n\nThe public's perception of realtors is that they're lazy, they don't know what they're talking about, and they're WAY overpaid for the service they actually deliver.  And you know what?  In MOST cases, the public's perception is ENTIRELY justified!  \n\nThat being said, the minority of agents who work hard, produce in both boom and bust markets, and continually rise to the top REALLY DO DESERVE what they get because they get up early, work hard, don't goof around, and generally approach it like the difficult job it really is.\n\nWhy do I have this opinion?  I was in real estate financing for over 10 years, did everything from processing to origination to management to business development to executive management.  I worked as an in-house lender (the mortgage guy inside the local real estate office) and saw the way that realtors work day-to-day.\n\nBest to you.  Work hard, work smart, put in a full day's work and you'll succeed.
392423
Probably not. There is always someone ready to make a fast profit. Joan.
491979
Yes, being a business owner helps for the future in many ways.  One being you are connected with other business people so you can stay on top of the trends.  You should always be open to multiple streams of income though.  Take advantage of other opportunities so you stay on top of your game.  Always consider who you want to target in your market. It is a proven fact that if you can stay a step ahead of the baby boomers, you have an 18 year window of opportunity to cash in on a trend.  Web design is a great start because the boomers have a product to market but most don't have the computer knowledge to carry it through!  But remember, most of them are getting older now so you need to consider what they will buy next!  You cannot go wrong with this, the boomers are your largest market and have the most disposable income.  Check out my site to see what they're looking into now!!
631312
Yes a person who wishes to operate a business must do so with the understanding of what those costs are.\n\nHe has taxes, workers comp insurnace, libility insur and health insurance that have to be paid to be properly in buisness.  If he is not making that much money, and the fact the kids are on medicaid, it says he is not making enough to really support the family,  he needs to consider at least another part time job or a full time job and work the business part time till it gets big enough to support the family
307019
I recently retired from the real estate business in Central Florida after 27 years. For the past two years I have been offering free business mentoring services to young entrepreneurs. I can offer a variety of small business ideas depending on your personal interest and abilities. I will also make myself available for consultations by email or phone. I do not charge for these services.\n\nI must tell you that it is very difficult to get any (legal) business into a positive cash flow position that would be equivalent to your full time job. Most businesses take at least a few months to a year or more to start generating that kind of income. Can you afford to wait?\n\nIf you want to know more, please feel free to write to Bruce at boatclub@go.com . I will you help if I can.