Sunday, January 18, 2009

The Art of Getting Rich

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The quickest path to wealth will continue to be owning your own business. new opportunities will arise as the economy shifts away from the huge industrial companies to small and medium-size enterprises. Both the economic climate and social attitudes have warmed to entrepreneurs in recent years. You do not have to invent a marvelous new machine or master some obscure technology. All you have to do is devise a more efficient and profitable way of performing an old job.

Studies of entrepreneurs have shown that those who succeed share certain traits. They are able to take calculated risks and learn from their mistakes. Many of them stumbled along the way but then quickly picked themselves up, analyzed their errors and were smarter for having made them. They develop detailed business plans. They are persistent and patient. Often they begin with little money but considerable determination. They are also willing to devote themselves totally to the business.

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