Entrepreneurial mindsets: Make your business a success

Posted December 09, 2015 by
man's hand writing think Like an entrepreneur with black marker on visual screen

Man’s hand writing Think Like an Entrepreneur with black marker on visual screen. Photo courtesy of Shutterstock.

A positive attitude on achieving wealth and making money in an honest fashion is one of the best ways to start a journey towards becoming rich. History is littered with people who became millionaires and billionaires from humble beginnings. People can become rich by gambling or taking advantage of the property market; however, there are many other things you can do to become wealthy.

Getting started

Developing a more positive mental attitude is essential to become rich. Few people have become rich without adopting a bright outlook. Starting your own business could prove to be invaluable. The internet has helped scores of people to become wealthier, even with limited resources. If you’re finding it hard to improve your outlook, ask a mentor, life coach, or successful businessperson for tips. Why not set a realistic, short-term target if you’re starting from nothing? Success breeds success, so once you’ve hit this target, you should have the confidence to work towards bigger and bigger targets.

Learn from history

Why not read autobiographies and biographies of people who have made large amounts of money for nothing? Let’s take a look at two of the UK’s richest figures. Sir Alan Sugar and Duncan Bannatyne both famously became rich from very modest beginnings. Duncan Bannatyne was born into modest beginnings in Dalmuir near Glasgow. The former Dragon’s Den star experienced few luxuries as one of seven children. His head for business was evident early on. Bannatyne asked a local newsagent for a paper round, and the agent employed him after getting 100 people to say they would like to receive a paper in the morning.

Turn your fortunes around

Mr. Bannatyne didn’t perform brilliantly in school. He was dishonorably discharged from the Navy and even ended up in prison. After spending time in Jersey working in low-paying jobs, he bought an ice cream van and set up his own successful business before making his fortune in the care home sector, eventually becoming famous for his fitness clubs too.

Rising from humble beginnings

Sir Alan Sugar was brought up in a council flat. He left school at 16 and spent a short amount of time in the civil service. He then started selling car aerials out of the back of his van, having started his business with an investment of just £100. By 21, he had founded Amstrad. In 1981, the company was floated on the London Stock Exchange. He became one of the UK’s most well-known businessmen thanks to Amstrad’s home computers. In 1987, Lord Sugar became the 15th richest person in the UK.

Explore various avenues

Many people build their wealth after exploring many different areas. If you specialize in a number of fields, the success of one may offset the failure of another. Of course, it’s important to get quality investment advice whenever you need it, and you may call upon financial planning advisers for help regularly. The more you earn, the more you may need to get advice from financial planning experts who can tell you where to put your money and share insight into future trends so you can take advantage of them early on.

Adopt a determined outlook

It’s wise to ditch attitudes such as “I was born to be poor” and “good things don’t happen to me” as soon as you can. Money may buy happiness, but a lack of it can have a significant impact on your quality of life. The more money you have, the more empowered you may feel.

This article was provided by Donna Essex from Reflect Digital, a digital marketing agency based in Kent. If you or someone you know would like any advice on managing money and potential investments, Raymond James Kent Investment services can provide friendly advice to individuals looking to invest money. For more information on the services they provide, visit the website.

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