How to Become A Successful Entrepreneur

Finding a business opportunity that turns a little capital, and a lot of effort to the big bucks is the dreaded one million dollar question in the business world. Starting up the business from the scratch, or buying an existing one in order to renovate it, has also been another dilemma. I recently read the transcript of an interview with a n expert in the field, and just thought I might share it with my fellow future money-makers.

Before I give you the link, the key points, from what I gathered, are as follows:

Listen to the customers

There is a big difference between what the average entrepreneur hears when a customer is talking to him, and what the successful colleague hears. they may be giving you ideas for improvement, without you knowing it, and if you listen closely, you'll discover they're absolutely right. What can I say? The customer is always right.

Determine the Availability of Market

This applies mostly to entrepreneurs with an engineering or manufacturing background. Granted, your technology may be the hit among the technical community, but of what use is it to the population in general? Remember, people do not buy things just because. They buy it because they need them. Make them need them. Create a market.

Check Out the Competition

Chances are, you are not the first person to start the kind of business you have chosen. There is some level of competition at least. Even worse, the competition may already be a household name. Weigh your options carefully before taking the bold leap. Sometimes, joining the competition may even be a better choice, such like when I became an affiliate of Amazon.com, instead of starting up my own online retail business.

Evaluate Your Financial Status

Some businesses may cost very little or nothing to start up, while some others may be capital-intensive. Weigh your options (or pocket), decide what will make more sense to your finance, and act. Is there a possibility of acquiring a suitable loan? Is the business profitable enough to pay back within the specified time period? Then by all means dive in. You don't have enough capital? Borrow from friends, relatives, etc -generally people that probably won't sell your house because you owe them money.

Act, Don't Just Plan

Planning is crucial to any business, but sometimes excessive planning won't do anyone any good, unless followed up with immediate action. Nobody can tell that you have a business model in your head, waiting to pop out, unless you tell them, or better still, show them.

Now go on and start your stuff, and don't forget to mention us when you become the billionaire that you aspire to be. Cheers!

Follow Nerdu on Twitter @IAMPAROH

Lest I forget, here is the link to the interview: 

How Entrepreneurs Identify New Opportunities

Make Money from Youtube in Nigeria

Google is one company that we are happy to have in this 21st century, and before you start wondering why I started this article by praising them, you should probably know that they own the very reason that you are here - Youtube.

They have integrated Adsense and other great money-making tools into Youtube since they took over it a few years ago. Have you ever heard of Smosh, Epic Rap Battles and a host of other big channels that make hundreds of thousands of dollars every year? You probably have, and I'm assuming you're here because you want to join them and make a few thousands of yours every year. The problem is, this option to make money from Youtube is eligible for participants in only 21 countries or so in the world, and you guessed it - Nigeria is not among them. But what if I told you that you can totally make money from Youtube as a Nigerian, or any other non-eligible country for that matter?

I'm  not even going to talk too much about this, or write a 300 page long sales letter, because I'm not actually selling anything. I'm just giving a service to you, for a nominal fee. To cut long story short, I can monetize your youtube channel for you, for just N5000 for Nigerians, or the local currency equivalent for any other country. I have been doing this for some months now, and trust me when I say this system is perfectly safe. I'd be happy to show you some of the channels that I've helped monetize, but I don't want to face the wrath of the channels' owners. ;) And for the icing on the cake, I monetize your channel first, BEFORE you pay me. Now if that's not the best deal of the day, I honestly do not know what else is.

If you're serious about making money from Youtube, simply reply to this post via the comments section, or email me parohtv(at)gmail.com and I'll show you how. (No spam emails advertizing your channel to me please, I'll promptly add you to my spam list.)

How To Get Rich - Think Like The Rich

It's been a year or so since I read Robert Kiyosaki's best-seller, "Rich Dad, Poor Dad", but if there is one thing I remember, it's that if you want to be rich, you have to think like the rich. You want to make money, then think like you have money. Now what exactly do I mean by 'think like the rich'? Don't worry. Here comes the explanantion.
First, you have to realise that financial success is all about taking risks, and many have known to make really bad investments that have made them bankrupt in a matter of hours. Doubt me? You can ask the Omaha tycoon himself, Warren Buffett, who has more bad investments than the number of people in a Tyler Perry movie, but still manages to rise again due to perseverance.
Now I ain't saying one should make investments anyhow, in the hope of recovery in the future. Nah. What I'm saying is, take risks, but calculated, educated risks.
Secondly, don't be penny-wise, pound foolish. Literally. Do not leave too much money lying around doing nothing. There's always something to invest in. Yeah, I know. Save just enough to get you by in case of the rainy day, and find something to invest the rest in.
Now when an average person wants to invest his money, he first thinks of buying and selling shares, but why make $20 when you can make $200? Remember, it's all about calculation and making educated guesses.
That will be all for now, people, but check back this Thursday for the second part of this article. Gotta go. Have some money to invest.