How To Make Money

Wouldn’t it be nice to make a lot of money and become immensely rich? If you look at this aim in a practical sense, it soon becomes obvious that even if you get a well-paid job and work until you're 65 years old, you'll never really become truly rich. You don't get rich by working for someone else. A better plan is required to make money.

There are various ways of making money: winning the Lottery, but this requires luck. Being a star, but this requires star-quality and luck as well. And then there's running your own business, which anyone with enough sense and determination can do. You don't need to be brilliantly clever, lucky, have star-quality, have an ancestry of entrepreneurs on both sides of the family, or be quite well-off to start with, although all these things help a bit. What really helps is getting a few things right if you want to start making money.

It’s okay encouraging people to go out and begin making money by starting growth businesses, but how do they know what type of business to go out and start? How do they know what is going to be, well, growth?

This is a very good point, and an area which government, for all its business support, doesn’t really address. They do their best to give you help for new or existing businesses, but you need to have the money making idea first before you go and see them.

Those people that are best at making money are either service businesses with low overheads, those that have spotted a genuine gap in the market but have the flexibility to exploit other opportunities as soon as they sense their business section going off the boil, or those that manage to plug into an enduring, recession-proof niche.

How you find out which businesses are best suited to take advantage of these scenarios is an increasingly important issue for those wanting to start making money. There are actually plenty of good ideas for creating truly high-growth firms, as long as you know which sectors to look at.

As working methods become more network-oriented and individuals change roles more often, people who make money are the ones able to spot opportunities, take initiatives and adapt to changing circumstances.

In principle anyone who can think logically and has some determination about them can make money, as long as they have the best information right from the outset.