This article is for anyone who wants to take complete control of their financial situation and make money work for them, not the other way around.
Read until the end, because you will learn information which is not shared anywhere else on the Internet.
If you have searched for phrases like:
- How to start an online business
- How to start my own business
- What are the best business ideas
- Top business ideas with low capital
I have both good news and bad news for you. Let’s start with the good news:
The Good News
You can start any type of business as long as you have the required capital, knowledge, drive to succeed, connections, the right team members, and some luck.
The Bad News
Some of these factors are beyond your control, and the statistics might be discouraging.
- 20% of businesses fail within their first year.
- 50% of businesses fail within their first 3 years.
- 70% of businesses fail within their first 5 years.
- 90% of businesses fail within their first 10 years.
Facing Doubts and Fears
When you read this statistic, two things might happen:
- You will have doubts about your success but still go for it.
- You will have doubts about your success and quit before even starting.
Let’s discuss the second scenario. While the world favors winners, being on the losing side can be beneficial if you learn from others’ mistakes.
Learning from Failure
Have you failed in your current or past business? Do you know friends who have started a business and failed? Are you aware of any big businesses that failed?
If you answered yes to any of these questions, you are about to understand something most people never get.
The Reality of Business Failure
With a 90% chance of failure, if losing time and money is uncomfortable for you, starting a business might not be the right move at this moment. There are much better alternatives though, so keep reading.
However, if you can endure 2-3-10 failures without being financially and physically drained, you are on the right path to joining the 10% of successful businesses.
Most people quit after one or two failed attempts, which is understandable. If you are not comfortable with losing money or time, any new business venture will seem risky.
Starting Small
Many businesses can be started with less than $1000, $3000, $5000, or $10000. These might be small local businesses or online stores, but you still need capital to start.
Most people have this kind of capital but lack experience, increasing the likelihood of failure due to inexperience and potential mistakes.
The Solution: Investing for Short-Term Gains
Instead of focusing on starting a business, consider shifting your mindset to ‘investing for short-term gains.’ Invest a certain amount, make double or triple that amount, and repeat the process.
This might sound simple, but such opportunities are rare. If they were easy to find, everyone would be wealthy. As you know the global distribution of wealth is not equal, with 20% being super poor, 60% poor, 15% middle class, 4% rich, and 1% ultra-rich.
The Path to Financial Success
While the super poor and the rich/ultra-rich are in a very different categories on their own, the remaining 85% (60% poor, 15% middle class) can still succeed with a small investment – typically less than $500 if they know what you are about to learn below.
Consider this: If you invest in promising forex, stocks or crypto assets and make a 50% or 100% profit within a few weeks or months, you can repeat the process and multiply your profits. Over time, you will have enough money to consider long-term investments or starting your own business.
The Best Investment Right Now
If you have money you can’t afford to lose, focus first on wiser investments like automated trading and set aside business ideas for now. Once you have enough capital, you will face challenges and solve business problems more easily, as you will be at a different point in your life. You will have more capital that you can risk more boldly and you will have more experience.
Conclusion
Today, the safest opportunity to make serious gains is through low-amount investments, such as $300 or $500 in highly profitable and volatile assets, so that you can capitalize on the earnings within a short amount of time.The chances for success with automated trading platforms are higher than with manual activities, and the required capital is low, making it accessible for virtually anyone.
All types of businesses (online and offline) are harder to start now compared to 10 or 15 years ago due to increased competition, an uncertain economy, and high chances of failure. It’s time to think wiser and make your money work for you with non-standard investment opportunities.
