Blog Post

Can Anyone Become a Millionaire ?

  • Date: Thursday 7th May 2009

The other day, a friend started a lengthy conversation by claiming that he could never be a millionaire because he wasn’t very good with money.  Now, I personally believe that you don’t have to be a financial genius to make a million.
As an entrepreneur, I believe I have the ability to think outside the box; spotting, for example, opportunities that others don’t.  Perhaps, too, I take risks that no one else would even consider and get the benefit of that basic business principle – the higher the risk the higher the return. I also relish a sense of accomplishment and enjoy the financial rewards that come with it.  Some people say that I was born to be a millionaire and in some ways this may be true.  However I believe that I was born to be an entrepreneur and along the way I made a few million.
 
You can certainly learn some entrepreneurial skills; so I believe millionaires can be made as well as born.  In my opinion a little bit of talent can go a very long way!  Take thinking outside the box; here’s a simple exercise you can do that will help you to develop that skill.
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 Tip from Shaf - Thinking outside the box

Take a simple business decision that you have to make.  You could use writing your company’s or your team’s slogan as an example.  Think of what comes immediately to you and then reject that thought; everyone will think of that.  Now find an alternative.  It will be better and only clever people will think of it.  Now reject that and rack your brains to think of a third approach.  Now you’re thinking outside the box and coming up with an idea or decision that is unique to you.


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Recently former Tesco trainee manager Mark Radcliffe emerged as eBay's second individual UK millionaire.  He started an eBay shop with two hundred pounds savings ten years ago.  Ebay (if there really is anyone who hasn’t heard of it) is an online marketplace with over two hundred million registered users worldwide.  Over twenty million of those users are based in the UK.
 
http://www.telegraph.co.uk/finance/yourbusiness/5002196/Second-eBay-millionaire-emerges-from-recession.html
 
This type of business would be easy to replicate and make successful. 70% of households in the UK have a personal computer according to the OECD; the number of people shopping on-line is growing some ten times faster than the rise in retail spending and there is a shed load of information on the quality of products and services that suppliers provide.  All this adds up to the fact that entrepreneurial ideas must include their on-line access strategy.
And it’s not just personal.  The commercial equivalent of clearing out the attic and selling stuff at car boot sales and on e-bay is finally getting round to doing something about getting rid of unwanted stock gathering dust in your warehouse.  People are looking for alternative ways of doing this using a rapidly growing industry called reverse logistics.  Companies like CPM Ltd will turn your problem stock into cash and they do it fast.  It’s a great service focused on supplying  rapidly expanding  web site’s  and ebay powersellers – www.cpmltd.uk.com;

 
Going back to my conversation with my friend.  I suggested a wager. I was willing to bet that I could mentor him into achieving success. Using exactly the same format I was confident that I could I make him a millionaire within two years.  My friend politely declined the offer and dinner conversation progressed to a different topic.  However I still firmly believe that you don’thave to be a financial genius to make a million.
 
If you think you can do it.  You can.

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