escape the rat race

How to Make Money and Start Your Own Business: 7 Tips

How to Make Money… Lots of Money!

Are you tired of working 9-5 for somebody else? Wish you knew how to make money so you could start your own business? These seven tips will put you on the road to success so listen up!

It’s pretty easy to get stuck in a rut. You’re working for the man, following the same routine every day – will you ever get out of the rat race?

The answer is ‘no’ unless you take steps to change your fortune.

If there’s one thing I know in life, it’s that you make your own success. And part of that journey is having the right mindset.

Learn How To Make Money

It starts when we’re young. We go to school and college, wondering how to make money. We come up with ideas, and then dismiss them, believing them impossible to achieve.

We buy into what others tell us, like ‘Stop dreaming and get a real job!’ After a while, working for the man seems the only option.

You could accept that, and live an ordinary life. Or you could change your mindset and live an extraordinary life. If you decide on the latter, you have to decide how to make money.

Here are those seven tips to get you started.

Change Your Attitude

The first thing to address is your attitude towards money. Rebelling against the ‘ordinary’ doesn’t mean you should reject sensible financial decisions. Saving money is the first step towards starting your first business.

Thanks to modern technology, you no longer need to be a financial genius to save money. If you need a budgeting plan, software is available to help you. The sooner you start accumulating wealth, the more you will understand how to make money.

Stop Being a Victim

Life doesn’t always go as planned. Things go wrong. Life is not fair – so get over it. It’s easy to get sucked down and lose your direction. But you need to get back up and not see yourself as a victim.

I’m sure you’ve heard of the power of positive thinking. And I hope you didn’t dismiss it! What you put out there is what you’ll get back. If you tell the universe you’re never going to make money or start your own business, that’s what will happen.

Life is about choices. And the first choice to make is to believe in yourself. Believe that you know how to make money, and you will.

Set Goals

Once you’ve made the decision to get out of that rut and adopt a positive attitude, you need to set some goals.

Your main goal should be to make money and start your own business. Your secondary goals are the stages needed to reach that point.

Remember, a goal is very different to a good intention. We all have good intentions – that’s easy. You could say that a goal is an intention, with a business plan.

Goals need to be realistic, explicit and achievable. Write them down. Discuss them. Revisit them to ensure you are on track.

Start Networking

I know, sounds like business jargon. But you know what they say, it’s not what you know, but who you know.

There’s a great story about an Italian billionaire. His suggestion for getting rich was to take any job, so he could earn $500 and buy a good suit. With that suit, he could then go to the right parties, and meet the right people. And that would lead to success.

Get used to it; if you want to make a success of yourself, you will have to network. That doesn’t mean you have to be shallow or manipulative. It means to become a people person.

Never Stop Learning

American industrialist Henry Ford was a man who believed in lifelong learning. He once said: ‘Anyone who stops learning is old, whether at 20 or 80. Anyone who keeps learning stays young’.

Ford was a man who had a vision and made it happen. He changed the face of transport forever, as well as revolutionizing mass production. Learning will play a key role in your journey towards success.

You will learn how to make money. And how to best use that money. You will learn what makes a good business. And when you launch that business, you will learn how to make it successful.

There’s Nothing Wrong With Hard Work

You’ve stopped being a victim and you have adopted a positive mindset. You’ve told the Universe what you want, so it’s going to happen, right? Right. But that will involve hard work.

The difference is, you are now working hard for yourself. You are creating your own wealth, not somebody else’s.

The secret is to get the best return for the smallest investment. In other words, choose a business that will reward you.

Your goal should be to work hard, but also smart. The aim is to become a success, not office-bound. You want to increase your revenue streams as quickly as possible to enjoy the rewards.

Take Risks

No-one ever got anywhere in life without taking risks. That’s another popular saying. There is truth in those words, but choose your risks with care.

When we’re young, we take risks all the time. We climb trees, drive fast, buy motorbikes, and ski impossible slopes. Sometimes we fall. But the ability to get back up is one of the things that makes us stronger.

Why not see risk as an opportunity to succeed, rather than fail? The secret is to assess every opportunity and weigh up the pros and cons. Take professional advice if you need to.

You’re Ready

how to make moneyYou have taken the seven steps needed to prepare yourself for success. By now, you should have worked out how to make money. You have then harnessed your ideas, invested time and cash, and adopted a positive mindset.

With the knowledge you have accrued, you are ready to launch your business.

  1. Decide what it is.
  2. Write your business plan.
  3. Bring the right people on board.
  4. Identify your market.
  5. Network.

Remember,  success and wealth have little to do with your gender, your family, your age, or your education. It’s about making the decision to be successful and abundant. Now’s the time to discover how to make money and use these seven tips to start your business.

Want more personalized advice on how to become rich? Sign up and get my free “Building Extreme Wealth” course.

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