How to Profit from any Business you do – Steps to flourish in businesses – The Needs of Humans are much and we all look out for ways to settle those needs. The Business that will Thrive and Flourish in this contemporary world, is the Business that offers Value and satisfies the needs of people.
Starting a Business is not a Guarantee to Wealth. Business owners deliberately input work, time, resources to ensure that their Business is elevated from the ground.
How to Profit from any Business you do – Steps to flourish in businesses
Profiting in Business is a Conglomeration of some high points, out of which are:
- Having a Wealthy mindset.
- Understanding Wealth Creation System
- Starting the Right Business
- HAVING A WEALTHY MINDSET
Mindset is the way we think about ourselves, other people, and the world.
There are two kinds of mindsets in the world
– The fixed & poor mindset
– The growth & wealthy mindset.
The fixed mindset is the primary mindset, that which is formed and developed from childhood (the vulnerable and naive years of life). This mindset is many times limiting and tends to prevent us from growing because we have believed things as true without questioning or validating.
Wealth is possible when we can deliberately and constantly dump our past ignorance about money, career, business, and life, and substitute them with accurate information. This is what the Growth Mindset is; learning, re-evaluating, and dumping past limiting beliefs.
- UNDERSTANDING WEALTH CREATION SYSTEM
The System for Wealth Creation in any Business is simple: Solve a Problem.
Just observe your environment, look out for the prevailing problem of humans and solve such problems.
When you solve problems for people, you get an agreed reward in exchange.
The Barber is paid because he solves the problem of overgrown hairs.
The Plumber is paid because he solves the problem of broken pipes.
The Food Trader is paid because he solves the problem of hunger.
Despite that all businesses solve a problem, all problems are not equal. Thus certain problems come with higher rewards than the others.
- STARTING THE RIGHT BUSINESS
Not every business ventured into, can make you wealthy. Being in the right business (at the right time) is sacrosanct for creating wealth.
Being in the right business means being in a business that aligns with your Competence, Personality and Passion.
There is a Business Test called the Ten-Dollar-Test.
The Test asks the question:
“If every business in the world is given only ten dollars as a reward, irrespective of the kind of problem they solve, would you still be in your chosen business?”
Or If money was not a reward, will you still be motivated and focused?
Businesses that pass the ten-dollar test- are able to keep up their passion and focus at whatever time.
If your business pursuit is all about the money, excluding passion, you may or may not succeed. But even when you do succeed, happiness and fulfillment are out of the equation. The balance is to do what you love and get paid for it.
Creating wealth in any business is not something that happens by chance. It is deliberate and takes creativity, focus and problem-solving.