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How To Get Money To Start Your Business

Posted by on 8:57 pm in BUSINESS SUCCESS, FINANCIAL OPPORTUNITY, KINGDOM PROSPERITY, MAKING MONEY ONLINE, PEAK PERFORMANCE, SCHOOL OF WEALTH | 0 comments

How To Get Money To Start Your Business

One major key that would determine your success in the world of money and business is your belief system. Your belief is what determines your reality in life. For you to become rich and wealthy, you must first believe in your ability to make it happen. Whatever you believe to be possible would ultimately be possible. And whatever you believe is impossible would be impossible. It is always to you according to your belief. This is very true in every area of life, especially in your quest to raise funds to start your business. You must believe the money you need to start your business is available and that it is out there waiting for you. Your mind is so designed that you have a tendency to ignore or block out any information coming to you that is inconsistent with what you already believe to be true, whether or not your beliefs are based on fact or fiction. “All riches have their origin in the mind. Wealth is in ideas.” — Robert Collier One fundamental truth you must embrace in your pursuit of wealth is that wealth building starts on the inside, and not on the outside. Every of your action has its root in the way you think and what you believe. Your success in raising funds to start your business starts from the inside. It starts from our thinking and belief. You must believe that you will get the money you need, because there is more than enough money out there. The law of abundance says we live in an abundant universe in which there is sufficient money for all who really want it and are willing to obey the laws governing its acquisition. The essence of this post is to show you how to acquire the money you need to start your business. But it is your attitude toward abundance or scarcity of money that will ultimately determine whether you lay your hands on the money you need to start your business or not. It is therefore imperative for you to believe that there is abundance of money out there. And that you will get the money you need to start your business. Here are five ways you can explore to get the money to start your business. 1. Your Own Savings The best way to fund your business is your own personal savings. If the desire to start your business is strong enough, if you’re really passionate about it, the will to save money would not be lacking. Open a savings account today and start saving at least 10% of whatever money you earn. The discipline to save money is a proof that you possess the needed character to manage the business once it gets started. “If you cannot save money, then the seeds of greatness are not in you.” – Clement W Stone 2. Sale of Personal Assets What personal assets do you have that can be turned into cash for the purpose of financing your business? Selling your personal assets to raise money is a great indication of your belief in your business idea. This could be your second car that you rarely drive, or a box of jewelry, stocks, bonds and what have you? Many successful businesses have been started in this...

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NEGOTIATING YOUR WAY INTO WEALTH AND RICHES

Posted by on 12:48 am in BUSINESS SUCCESS, FINANCIAL OPPORTUNITY, KINGDOM PROSPERITY, PEAK PERFORMANCE, SCHOOL OF WEALTH | 0 comments

NEGOTIATING YOUR WAY INTO WEALTH AND RICHES

“And it came to pass, when Rachel had born Joseph, that Jacob said unto Laban, Send me away, that I may go unto mine own place, and to my country. Give me my wives and my children, for whom I have served thee, and let me go: for thou knowest my service which I have done thee. And Laban said unto him, I pray thee, if I have found favour in thine eyes, tarry: for I have learned by experience that the LORD hath blessed me for thy sake. And he said, Appoint me thy wages, and I will give it. And he said unto him, Thou knowest how I have served thee, and how thy cattle was with me. For it was little which thou hadst before I came, and it is now increased unto a multitude; and the LORD hath blessed thee since my coming: and now when shall I provide for mine own house also? And he said, What shall I give thee? And Jacob said, Thou shalt not give me any thing: if thou wilt do this thing for me, I will again feed and keep thy flock: I will pass through all thy flock to day, removing from thence all the speckled and spotted cattle, and all the brown cattle among the sheep, and the spotted and speckled among the goats: and of such shall be my hire. So shall my righteousness answer for me in time to come, when it shall come for my hire before thy face: every one that is not speckled and spotted among the goats, and brown among the sheep, that shall be counted stolen with me. And Laban said, Behold, I would it might be according to thy word. And he removed that day the he goats that were ringstraked and spotted, and all the she goats that were speckled and spotted, and every one that had some white in it, and all the brown among the sheep, and gave them into the hand of his sons. And he set three days’ journey betwixt himself and Jacob: and Jacob fed the rest of Laban’s flocks. Gen 30:25-36 The above verses of the Bible show how Jacob negotiated his way into wealth and riches. For close to twenty years, Jacob labored in the home of Laban with practically nothing to show for all of his labor except for his two wives and children until he understood the art of negotiating. He used the power of effective negotiation to access his financial destiny. The negotiation took place in chapter 30 of the book of Genesis, and in the next chapter, chapter 31 of the same book, he was an established financial giant. Effective negotiating skill opened the next chapter of his life. “Jacob learned that Laban’s sons were talking behind his back: “Jacob has used our father’s wealth to make himself rich…..” Gen31: 1(MSG) Money is basically made through the sales of products and services, but to profitably sell your product or service in the market place, would require you master the art of negotiating. Negotiating is a learnable skill. Think Win-Win The art of negotiating revolves making the other person feel he is getting as much as you are. It’s about achieving your goals through discussion and bargaining with...

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How To Build Multiple Streams Of Income

Posted by on 12:40 pm in BUSINESS SUCCESS, FINANCIAL OPPORTUNITY, MAKING MONEY ONLINE, SCHOOL OF WEALTH | 0 comments

How To Build Multiple Streams Of Income

When you understand how to strategically build multiple streams of income, you will suddenly discover that most of the reasons against the concept can easily be overcome. To successfully build multiple streams of income, you must identify, build and succeed first in your primary source of income. Once your primary source of income is built to a reasonable level of success, the success should give you some level of time freedom if done properly. You can then use the freedom created from that success to create additional streams by leveraging on your success and existing resources to create another stream of income. Your existing resources are the skills, knowledge, information, contacts, savings and all the experiences that made your first business a success. This is the best approach to the concept of multiple streams of income. All It Takes Is Creativity You can leverage on your success in real estate business to start a seminar business, and once the seminar business is doing well and you are recording good successes, you can leverage further on this to create a third source of income. Then a forth source of income as you write a book. You can also leverage on the same piece of information and knowledge to develop the fifth income stream as your turn your book into an e-course. Start a speaking business to generate the sixth income stream. A coaching, training, and a consulting business can also be added with time. Within a short period of time you can have as many as seven or ten steams on income. It is a lot easier to find multiple sources of income within the same business. The key is you should never consider a business that does not have expansion potential for additional stream of income. Imagine you are generating $2000 monthly from each of your ten channels of streams income. Wow! That is $20,000 monthly income and $240,000 in annual income. You can surely do a lot with that. As you add each new stream of income, make sure you consolidate and fully establish each vehicle. All you need to generate multiple income streams is to be creative and innovative. Your target should be to have all your income streams come in as passive income, meaning all your income sources running with little or no physical input from you. Income From Non-Related Industry You can also choose to generate income from non-related industry, if that is what you want. Ideally, it would be great to have some of your streams of income come from different industries. The upside to this is that if one industry is experiencing turbulent and challenging times, you can live on streams of income from other industries. This has the potential to make your wealth more stable and secure. For example, if there are challenges in the stock market, you can still be making money from your real estate business. The best approach to this form of multiple streams of income is to save some money from your primary source of income, which could be your job; and then use the money saved to invest in other classes of assets. This approach gives you access to income streams from different asset classes. The downside to this approach is that you would need to do...

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Multiple Streams of Income: Your Sure Access To Wealth

Posted by on 4:44 pm in FINANCIAL OPPORTUNITY, MAKING MONEY ONLINE, PEAK PERFORMANCE, SCHOOL OF WEALTH | 0 comments

Multiple Streams of Income: Your Sure Access To Wealth

It is no longer news that we are living in a time and season of great height of business and financial uncertainty. Data on unemployment rate and job losses are frightening and alarming, showing that nobody’s job is safe. Relying on one source of income can therefore be a highly risky path to tread in your quest for financial freedom. Friend, earning an extra income on the side is no longer optional; it is a necessity. One of the major benefits of multiple income streams is risk diversification. Every sophisticated investor knows the importance of diversifying his investment portfolios; riding on the same wisdom, the diversification of your income streams is just as important, especially in difficult economic times. It has great potential to shield you from unnecessary financial risk and embarrassment. Indeed, generating income from multiple sources helps you to be less exposed to risk. The more income streams you have, the more financial security you have. More streams of income equal more security. No Need To Reinvent The Wheel Of Financial Success Wealthy people have more than one stream of income. If one stream dries up, they have other sources of income to support them. Think of this scenario, if all your income is generated from your job and something goes wrong with the company you work for, then, you might surely be exposed to serious financial risk and challenging times. Think about this scenario also, if the service or the product your company provides suddenly becomes obsolete. Or perhaps, one or some of your major clients stopped doing business with your company for whatever reason, and suddenly your only income stream stopped flowing. How challenging can this be for you? Indeed, it can be very challenging! Multiple streams of income is a financial strategy to provide alternative income streams ahead of time, and thereby prevent you from experiencing financial dryness or downturn in your finance. This is primarily the wisdom behind the concept of multiple streams of income. It has capacity to hedge you against any negative eventuality that might come against your income source. This concept can also be likened to you generating what I call oceanic wealth. One significant feature of the ocean is that it never runs dry of water. No dry season can run the ocean dry of water; this is because the ocean is fed from multiple sources. Water from every river, stream, lake and pond ultimately find their way into the ocean. Wealthy people have always known and operated by this principle. Every wealthy person generates income from multiple sources. No wealthy person the world over has one source of income stream. Their wealth is created, fed and sustained through the concept of multiple streams of income. How many streams of income do millionaires have? Tom Corley, author of “Rich Habits,” studied the habits of millionaires during a five-year study of the rich and poor. Here’s what he found as it pertains to most self-made millionaires and their income streams: 1. 65% of self-made millionaires had three streams of income. 2. 45% of self-made millionaires had four streams of income. 3. 29% of self-made millionaires had five or more streams of income. There is no need to reinvent the wheel of financial success. The greatest key to wealth accumulation is...

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How to increase your income

Posted by on 5:02 am in BUSINESS SUCCESS, FINANCIAL OPPORTUNITY, MAKING MONEY ONLINE, PEAK PERFORMANCE, SCHOOL OF WEALTH | 0 comments

How to increase your income

Building wealth is simple. It is not rocket science. It doesn’t require luck, genius, special gifts or special connections. The principle of wealth creation is something everyone can practice; it does not require extraordinary smartness. All you need to do to build wealth is to generate more income than you spend and then invest the difference. Nothing more! Income is the lifeblood of wealth accumulation. It is a major factor in the equation of wealth creation. It is the take off point of every attempt at wealth building. Attempting to become wealthy without the flow of good income is almost an impossible task. You Are Restricted By The Size Of Your Income Your income size to a great extent would determine your lifestyle; where you live, where you shop, the school your children attend, the car you drive and many more are often influenced and determined by the size of your income. Generally, it is the nature of humans to always want to improve their lifestyle; which most of the time calls for better income. The better your income, the better positioned you are to improve your standard of living. Furthermore, your income size would determine how much you are able to save and invest. When your income is more than your expenses, you are in a better position to save the surplus for investment. The Great Challenge One great challenge a lot of people are mostly confronted with is how to increase the size of their income. Unfortunately for many, the only thing they know about increasing their income is to ask the boss to increase their salary. And if the boss says no, they are dejected and frustrated. The next thing is to hunt for another job. There is nothing wrong in asking for an increase in salary. Asking for what you desire is a valid principle of success and achievement, if you indeed merit the request. And this is catch, most people ask for what they do not merit or qualify for, and are often turned down. As a result, many people move from job to job in frustration, live all their working lives without fulfillment. “Try not to become a man of success, but rather try to become a man of value.” — Albert Einstein Money Always Flows In The Direction Of Value. Listen, whatever you are earning as income is the measure of value that others place on your work or contribution. Your income is an expression of your value in the marketplace. Income will always be equaled to the value of service, or result or size of contribution. Money will forever flow in the direction of value. Opportunity to make money and earn an income is always available wherever value is found. It therefore means to make money in order to create wealth, your focus should be on how to create and add value to others. This is very fundamental. What is money? Money is simply an agreement about value, a social agreement to exchange value in a convenient way. Money is a measure of value that people place on goods and services. A Lexus car would be sold at a higher price than a Mazda car because of its value or the perceived value. The Difference Is In The Value Have you...

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The Secret Tool Of The Rich And Wealthy

Posted by on 3:59 pm in BUSINESS SUCCESS, FINANCIAL OPPORTUNITY, KINGDOM PROSPERITY, PEAK PERFORMANCE, SCHOOL OF WEALTH | 0 comments

The Secret Tool Of The Rich And Wealthy

One great truth you must embrace in your quest for wealth acquisition is that, there is no need reinventing the wheel. There is nothing new under the heaven; the sun that shines today is the sun that shone when my great grandfather was born, and will still be shining when my last grandchild shall be gathered to his fathers. The law of emulation says, you will be successful in proportion to which you find out what other successful people are doing, and then do the same things yourself over and over again. Success in every area of human endeavor leaves clues and tracks, especially in financial undertakings. If one is wise enough, all he would need to do to become wealthy is to locate what the rich and wealthy have done to create their wealth, and do the same. “That ye be not slothful, but followers of them who through………inherit the promises.” Heb 6:12 Whatever result any man ever achieved financially can be duplicated by any dummy in any part of the world. We live in a world governed by law, not chance. Rules and principles help us to understand that everything happens for a reason, whether or not we know what it is. It is all about action and reaction; cause and effect. Everything you see in and around your life, success or failure, wealth or poverty, has a specific cause or causes. Every cause or action has an effect or consequence of some kind or another, whether we can see it, or whether we like or agree with it or not. This goes to show that all achievement, accomplishment, wealth, riches, prosperity and success are the direct and indirect effects or results of specific causes or actions. The Law of Cause and Effect. Financial freedom or a prosperous life is an effect. It is the product and after match of certain actions or causes. This is called the Law of Cause and Effect or the Law of Sowing and Reaping. What this law teaches is simply this, if you are clear about the effect or result you want, you can probably achieve it by following the footsteps of those who have achieved the same or similar results. If you must be rich and wealthy, you would need to locate what the rich and wealthy do, and then do the same to become rich and wealthy. One Major Tool In The Hands Of The Rich And Wealthy A major attribute of the rich and wealthy is their commitment to wealth building. Wealth building is a conscious and deliberate endeavor; it doesn’t happen by chance. You don’t suddenly wake up to find yourself wealthy, except someone left you an inheritance. Those who create wealth consciously commit themselves to wealth building, and this is what you too must do to become rich and wealthy. You must consciously and deliberately commit yourself to building wealth. Commitment to wealth building is a key principle and tool in the hands of the rich and wealthy. They know very well that without a serious sense of commitment to wealth building, they would not be able to achieve their financial dreams. A strong sense of commitment is the key that guarantees the acquisition of wealthy. And this is the tool you need to achieve your...

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How To Create Your Own Wealth

Posted by on 3:03 am in BUSINESS SUCCESS, PEAK PERFORMANCE, SCHOOL OF WEALTH | 0 comments

How To Create Your Own Wealth

Outside of the privilege of being born into a wealthy family or marrying into wealth or winning a lottery……..the probability of which is very slim; there are three fundamental ways of becoming wealthy. Money is one of the most important subjects in life. Joy and pain stem from decision about money. This makes giving due attention to how money is made and wealth accumulated a worthwhile endeavor. The truth is that making money and accumulating wealth is not an easy walk in the park. The only thing that is really easy about money is losing it. Creating wealth is a product of determined, conscious and consistent steps, taking over time. It answers to a choice to be wealthy, backed with a decision to pay the necessary price. People become wealthy because they have learnt how to become wealthy. A choice to be wealthy is a choice to embrace any of these three sure fire accesses to wealth: 1. Live below your means. Living below your means and investing your savings is the guaranteed way to wealth. Your first task in your quest for wealth is to learn to live upon less than you earn. Learning to live upon less than you earn is a crucial step in your pursuit of financial success. This is crucial, because in the final analysis, the true measure of how good or how well you’re doing financially is how much you keep out of the amount that you earn. It’s not how much you make, but how much you keep, that determines your financial future. A part of the earned income from your job is yours to keep or save. It should not be less than 10% no matter how little you earn. Then get educated on a specific investment vehicle, and put the money you have saved into an investment. In order for you to have something to save out of what you earn, you must learn to live below your means. The truth is, we can all become wealthy, if we will put in the necessary discipline to live below our means, save and invest our savings skillfully. “If you would be wealthy, think, saving as well as getting” Benjamin Franklin Saving money involves sacrifices; it involves delaying gratification and saying no to yourself and loved ones most of the time. You might not be able to change your car or your house the way you would have loved to. Your children might not be able to attend the very best of available schools, and your appetite for a particular delicacy might not be satisfied; all in the bid to save some money for investment. Sacrificing pleasure and the good of life, especially when you can afford it, in order to save money for investment is easier said than done. This is because human nature craves pleasure and wants to enjoy the best of live. But if creating wealth is your choice, then you must learn the discipline of sacrificing and delaying gratification in order to save money for investment. 2. Expand your means. The way to wealth is, and always has been, your ability to start and build a successful business. Starting and running your own business is the highway to wealth. Studies show that 80% of wealthy people made their...

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The Three Questions That Will Make You Rich

Posted by on 1:00 pm in BUSINESS SUCCESS, FINANCIAL OPPORTUNITY, KINGDOM PROSPERITY, SCHOOL OF WEALTH | 0 comments

The Three Questions That Will Make You Rich

Every child of God has a glorious financial destiny in Christ. Yet, we must all appreciate the fact that having a great financial destiny in Christ is only one side of the equation, the other side is actualizing it…..and actualizing it would place a demand on your knowledge and understanding of the world of money. As a Christian, it is expedient for you to study the word of God, pray, fast, and engage yourself in all necessary spiritual exercise. However, you must understand that walking in the reality of your financial destiny would require you know how money is made. “The labour of the foolish wearieth every one of them, because he knoweth not how to go to the city.” Ecc 10:15 How Money Is Made It is no more a secret that the wealthiest people in our world today are entrepreneurs. A quick study of the richest people in every nation of the world would reveal to you that practically every one of them is into one business or another. The number one truth you must embrace in your quest for riches is that the world of wealth belongs to business oriented men and women. In Brian Sher‘s book, “What the Rich Knows & Desperately Wants to Keep Secret,” he said, “As far as I know, there are only five ways to make money: 1. Steal it or cheat others out of theirs-which is risky and undermines your values. 2. Inherit it. 3. Put what you have in financial investments, which is perfect so long as you have perfect skills- or the right advice- and lots of patience. 4. Work for it, which is both honest and noble-but won’t make you rich without leverage. 5. Go into business-the most effective way if you do your homework and pick the right business. A well- run business can generate staggering profits and will outperform any other means of gaining wealth.” Running A Business Is Your Sure Access To Riches According Sher (business expert), running your own business is the pathway to the world of money. It suffices therefore to say that every wealth seeker must give the idea of running a business a second thought. In J. Paul Getty’s book, “How to Be Rich”, his first rule is that you must be in business for yourself. The word of God admonishes that you work on your own business. “…and to do your own business, and to work with your own hands, as we commanded you.” 1Th 4:11 The keywords in this scripture that I would like you to pay attention to are, “your own business.” Friend, if you want to be rich, your effort and energy should be channeled into starting and running your own business. Rich people have always known this basic rule of wealth creation. Starting, owning, and running a successful and profitable small business is one of the most exciting things that can create enormous wealth. Andy Warhol once said, “Making money is art and working is art, and good business is the best art of all,” (The Philosophy of Andy Warhol, Harcourt, 1975). “Seest thou a man diligent in his business? he shall stand before kings; he shall not stand before mean men” Pro 22:29 This scripture says the man who will not stand before mean...

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Master Key To Riches

Posted by on 12:10 am in BUSINESS SUCCESS, FINANCIAL OPPORTUNITY, PEAK PERFORMANCE, SCHOOL OF WEALTH | 0 comments

Master Key To Riches

One major hallmark of the rich is that they are intensely action oriented people. They are men and women who have developed the ability to take necessary action steps in the direction of their financial goal, regardless of the obstacles and challenges they may be confronted with. Once they’ve decided on whatever they want done, they go ahead to also commit themselves to taking necessary action steps that guarantee the actualization of such goal regardless of their feelings. They understand very well that their action must precede whatever result they desire. For them, taking such action steps is a must because of their desire to actualize their goal. They know that the price for success must be fully paid in advance if one would ever experience success. Most of the time, paying the price for success in any endeavor would always require self-discipline. This is because there would always be reasons why you should not do what you should do. Situations and circumstances would always want to negotiate with you; telling you why it should not be done now or why it cannot be done. Success in every endeavor requires discipline. How To Be Rich The rich understand that unless they do what should be done regardless of their feelings, situations or circumstances surrounding them, their desired financial goals would never become a reality. Taking consistent action steps in the direction of your financial goal without quitting in the face of obvious obstacles and daunting challenges requires self-discipline. “He that observeth the wind shall not sow; and he that regardeth the clouds shall not reap.” Ecc 11:4   According to Elbert Hubbard, a prolific writer of his time, “Self-discipline is the ability to do what you should do, when you should do it, whether you feel like it or not.” Listen to Apostle Paul, a man of great and uncommon achievements. “But I keep under my body, and bring it into subjection: lest that by any means, when I have preached to others, I myself should be a castaway.” 1Co 9:27   Another version says, “I harden my body with blows and bring it under complete control, to keep myself from being disqualified after having called others to the contest.” 1Co 9:27   Napoleon Hill wrote in one of his books that, “Self-discipline is the master key to riches. It is the most essential principle of wealth creation. No serious level of wealth can be attained without self-discipline. This is because no other financial principle can truly deliver its value without self-discipline, no matter the efficacy and potency of such principles. Knowing Is Not Enough Most of the time we all know what to do to walk in financial abundance, the problem has always been doing what we know we should do. Anyone can learn what to do. It’s getting yourself to do it that’s hard. Listen friend, when people get stuck financially, it is hardly ever because they don’t know what to do. It is commonly because they lack the discipline to act on what they already know about financial success. For example, an average person knows he should save some of his income. Yet many will not. There will always be excuses and reasons why it cannot be done now. He knows he should live within his earning, yet he...

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How To Be Rich

Posted by on 1:16 am in BUSINESS SUCCESS, FINANCIAL OPPORTUNITY, SCHOOL OF WEALTH | 0 comments

How To Be Rich

The highway to wealth is, and always has been, your ability to start and build a successful business. Building and running your own business is the master key to the creation of wealth. This truth was profoundly stated by J.P Getty in his book, How To Be Rich. Getty was the richest man in his days, so you can be too sure to be following a valid instruction and principle. In their book, The One Minute Millionaire, Mark Victor Hansen and Robert Allen also wrote, “One of the fastest ways to create wealth is in climbing the Business Mountain.” Look around you, and you’ll discover that the richest people in our world are business people. Your lack of necessary ability to build and run a successful business is the main issue standing between you and your financial dream. Business Skills Are Learnable The good news is that all business skills are learnable. Yes, you heard me right; they can be learnt. And if you’ve ever learnt any skill before, it could be to make your bed, then you can learn any other skill. If you’ve learnt to drive a car, you can learn how to be a successful businessperson. Learning business skills could be that easy. Listen, you can learn to start your own business and position yourself on the highway to wealth and financial freedom for the rest of your life. As Richard Branson, founder of Virgin Records and Virgin Airlines said, “Once you learn how to start and build a business, you can do it over and over again. The principles are the same.” You can learn any business skill you need to achieve any business or financial goal you set for yourself. All you will need is the willingness and readiness to learn. Believe in yourself and step out in faith and you’re on your way to building a million dollar business. “I can do all things through Christ which strengtheneth me.” Phi 4:13   The truth is that in those things toward which we exerted our best endeavors we succeeded. As Goethe said, “Everything is hard before it’s easy.” Once you’ve learnt a skill, you can use it over and over again. Each time you use it, you get better and better, and as you get better you achieve the same financial goal with less time, effort and energy. The truth is, “It never gets easier, you just get better.”-Unknown  Three Basic Skills For Business Success Basically, the major skills that you need in starting and running a successful business are: The ability to find or create a product or service that people want, need and are willing to pay for. According to Warren Buffett, one of the richest men in this generation, “There are only two ways to create wealth: find value or create value.” Business people are skillful in the art of finding and creating enormous value for people at a profit. Preferably, this should be around something that you’re passionate about and you have the potential to be the best. The truth is that products and services that would generate a million dollar profit are closer to you than you can imagine. In his famous speech “Acres of Diamonds,” Russell H. Conwell said, “Oh, my friends, if you will just take only four...

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