As a young entrepreneur starting a new small business, what are the 3 daily tasks that can lead me to absolute success?
Hi mate,I am running a small business from 300$ budget, and now my business make $3000 last month.3 of my secrets are:Quickly grab ideas, testing, trendy eventsImplementation on basic things firstMonitoring and ScaleI have tested, tried hundreds of ideas with 3 step method above, but one of my successful job is Affiliate and FBA .I will never forget the way I felt realizing that this is an easy job that has simple mechanics and there are millions to be made.Now don’t get it twisted, I’m not the only one doing this. There are a million or two sellers on Amazon as we speak. Not all of them active, but the ones that are active— are making quite a bit doing easy work.The model that I usually tell people to follow is Amazon FBA Arbitrage. You simply buy from online/in-store retailers, send your inventory out to FBA and make a nice flip.You can find a toy on clearance for $5 at Walmart and sell it for $20 on Amazon. Now imagine buying every single one of those toys. And multiplying your profit. Simple stuff.The amazing part about this business is that it’s mostly automated. You don’t need to source inventory, spend countless hours or anything of that sort. Most of the time you’re just looking at a graph for five minutes and determining if the product is something you want to invest in. And that’s the heavy-lifting.Google Amazon arbitrage and you’ll find tons of information on it.And feel free to send me a message here on Quora. I’ve helped hundreds of people around the world start their Amazon business already. I can help you for free too.P/s:Some people as me about example, Bellow are sample form for who want to know how my business looks like : ( You ca comment to ask if feel that any thing is not clear.How to sell flashlight effective on amzHow to sell spyderco knives
What problems do billionaires tend to have?
Pardon my anonymity, but I am a son of a billionaire. The problems a billionaire are different, but very similar to other socioeconomic classes. Though it tends to be on a larger scale. For example, jealousy still exists even on the upper levels. Growing up in high school, kids didn't like me because my father made more money than their father. Kids and even adults would go out of their way to point fingers at my family. There is also a huge sense of entitlement that goes on with family members. My father worked very hard, but some of his siblings and even some of my siblings have a sense of entitlement. Its very difficult and causes family strife. For instance, we have to keep some things a secret from other family members because of fear that they would get upset. What a lot of people don't understand though is that even though my father lives a very luxurious life NOW (he's in his 60's) does not mean that he lived a luxurious left ten years ago. He worked 80+ hour weeks, etc. So some family members and even others think that they should be entitled to the same lifestyle NOW than later. The sad truth its sometimes easier and cheaper to give a family member some salary and a joke of a job just to keep them quiet and content albeit its a temporary and short term solution. Another problem is that people think its okay to steal, embezzle, or try to cheat my father. Since people see that he has a lot of money they try to cheat and steal from him. Its easier to spot of it is a non-family member or someone not very close with the family, but it happens quite often from family members and close friends. Its sad, but true. It literally tears some families apart. I haven't seen my aunts and uncles for a longtime for a reason.A big problem for my generation is raising children. For instance, I seen the struggle my father went through to build his fortune. Being an adult now I also participate in growing the family fortune. I work very hard on attaining skills and experience that would still make me very marketable in the job market aside from my father's influence with his friends. Teaching my children the principle of hard work is going to be difficult for me because they will never see me struggle like my father who was dirt poor from the beginning. They will never experience the same type of stress from me.