Steps
- Write down what you want to do in your life, including goals, places, and people to see.
- Write down at least ten topics that interest you (e.g. golf, swimming, teaching, tax, NASA, or flying).
- For each of these ten interests, write down three ways to make money pursuing these interests. If your interest is golf, you could sell golf gear. If you have a passion for swimming, you could become a swimming coach. If you are passionate about teaching, you could become a teacher in whatever field interests you. If you are interested in tax, you could start a small online business in helping people with tax. If you wrote down "NASA," you could find out what NASA needs and sell it to them whether that be your skills, services, products, et cetera.
- Speak to people who are already doing some of these businesses. Speak to them by ringing them up and asking for an interview. Everyone likes to be interviewed, and they will be more than happy to talk to you and show you how they make money.
- Choose the business that is holding your interest the most.
- Write a business plan and discuss it with your business mentor (if you do not have a business mentor, you can always contact one through online blogs). A good one is listed in the "Sources and Citations" section; just blog a question, and you can be advised on your plan whether privately or publicly.
- Raise the capital.
- Write out a daily action plan.
- Take massive action.
Tips
- Try to always refer to a business mentor. The mentor will guide you, and you can learn things from each other.
- Be sure to keep up-to-date with all the currents in the industry. The best way to do this is through blogs. Blogs are updated regularly, and the community will help you if you run into problems and post a question up there.
Warnings
- Always make sure that you start off with three times your calculated capital...just in case there are any downturns when you are starting out. In this way, you will not be held back by lack of money.
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