Thursday, July 21, 2011

The Business of an Entrepreneur

An entrepreneur is willing to accept the risk of starting and managing the type of business that lets them do the kind of work they want to do, and offers them a balanced lifestyle.

That is a good way of describing what we are all doing or at least aiming to do? Just consider the following common themes that unite the various money-making opportunities we can follow:

* Low entry barrier - Thanks to the likes of eBay and Amazon, international trade is no longer just for those with warehouses. With the explosion of e-readers like the Ipad it means anyone can now self-publish to a global audience.

* Controlled risk: - As the upfront investment is low (or sometimes zero) the actual financial risk involved is minimal.

* Home-based - You do not need an office building and the inherent travel cost. With a laptop, an Internet access you can run a global enterprise from home.

* Low start up & running costs - The investment required to start and run your enterprise is low or even zero, and once successful the business can be self-financing.

* Fun & personally fulfilling - It is not only possible to use your interests and hobbies as part of your business; it should be at the very core of your decision.

* Flexi-time -Due to the leveraged nature of many of the strategies, it's possible to greatly magnify the potential gains compared to the time and effort invested.

* Unlimited upside - Your earning potential is unlimited.

Excerpt "What Really Makes Money"