Financial Independence is not an automatic achievement or fruit that you harvest when you start any business, invent a product or service.
It comes from hard work; it comes from solving a problem.
The reward of creating a service or a product in the area of your best interest that solves an existing problem could be a lasting business that pays your investment off at record time, have enough to take home, and even more to re-invest.
That’s financial Independence – when your investment starts working for you.
For you to start such a business, especially in the current recession that has almost frozen bank credits to $0 you need to be sure that you are solving a problem and that its eventual value is worth more than what you will be investing from your hard earned capital.
So for example, if you decide to start a Ranch in your village to produce milk and meat, ask yourself “Why will the buyers buy from me?” “Why will the departmental shops or the home butchers prefer my meat to others?”
What am I bringing to the table?
Dear friend, what problem are you solving?
To help you start thinking, I’ll give you a few problems that are common across several businesses.
- Quality – can you provide a better quality product or service?
- Time – Delay in goods receipt
- Quality customer service
- Additional information and education on product
- Easy return / refund service (be careful though)
- Good packaging
- Web based?
- Free delivery?
- Can you create a tool or service that will make a particular task easier?
- What do people on your street need so dearly?
- What are the businesses or tasks that people in your area or country hate to do…refuse collection? Guess what? There’s a lot of money in shit business!
Did I get you thinking right now?
There’s so much you can do, there are so many problems you can solve.
May be you don’t like the daycare your son or daughter attends, what’s wrong with it? May be you are called to solve that problem!
What do you always complaining about?
Think about these things.
Be Inspired!
2 comments:
Well, another good article!!!!
According to BJ, financial Independence is when your investment starts working for you.
I agree and will also add that it should be an investment that you are passionate about.
Passion and dedication are some of the attributes that will keep you going.
I think the great thing of business is finding that problem that you can solve or what you can do better.
Well, its time for every entrepreneur out there to begin to create wealth.
Eunice
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