How to become Rich?

How to become RICH?

1. Invest in yourself?

Start your Entrepreneurial Journey?

2. Invest with a person?

who has done well in your network (already completed point no. 1)

Before you invest, keep a few things in mind. (if you are choosing second option)

1. High risk equals high reward, but if it's not legal or process-oriented, avoid it. At the very least, the company should be public, and your investment should be in your Demat account, so you are not obligated to sell your share and get funds in your account. Invest in early stage not after IPO or something.?

2. Begin with a small investment once every 2 or 3 years (10 or 20% of your annual income), as a shareholder in regualted business.?

3. If you are contributing 5 lakh, the project should be worth at least 5 crore, or the founder/owner should be investing at least 50 lakh.

4. Investigate the owner's history; if he closes or builds new businesses every one or two years, avoid him.

5. Can a firm survive on its own once the founder dies or is no longer associated with the company?

6. If they do not receive funding in the future, the business will be self-sustaining. If they cannot grow without large sums of money, you should not invest at the beginning.

7. As a small investor, avoid cash-burning firms because they require large amounts of capital to succeed and will fail if they do not receive next round funding.

If everything is covered, you can invest your hard-earned money; you can also consult our auditors. There are no shortcuts in business; it takes 5 to 10 years to grow, so plan accordingly....

If you like, you can look for examples of successful growing businesses that are listed in a regulated manner or have a process for everything. A successful corporation required one crore in finance to begin operations. If you can invest 1 or 2 lakh in this type of firm, it is a fantastic opportunity for growth.

Note: I am not arguing that investing in other options is good or bad; rather, I am providing information on how to benefit as an entrepreneur with a minimal investment and without launching a firm. It is my experience that we have built more than seven companies on a similar concept.