Thursday, August 27, 2009

I have an idea why most people will not be rich

What do you need in order to be rich? Money? Network? Opportunity? Idea? Hard work? Determination?


How poor are we? I think most of us are poor in mindset. We think of ways to be poor, and don’t dare to do anything to be rich. A friend might ask, “This is a good business idea. Let’s invest xxx dollar into this business and work together.” Most of time the answer will be “I am afraid to loose my money. There are this problem and that problem, and what if there is an earthquake? What if we don’t have sales?” So let’s scrap the business idea and continue working our job. What does that prove? We have all the courage in this world to remain poor, and we don’t have the courage to be rich.

There is no single business idea which is 100% solid. Almost every business would require some investment, is whether we can fork out the money and can we afford to take the risk. Is Old town Kopitiam a solid franchise, and can we fork out RM 500,000 for it? If I take out RM 20,000 of investment, how much can I earned back and how long would it take? Is the brand name reputable, or is the product in demand? Does our product provide value, and do people actually need it? All these are valid questions and concerns, where everyone should ask before venturing into the business.

What if you are satisfied with most the answers and let’s say, and you believe the idea is pretty good and the returns are attractive. What happens now? Will you start the business?

Will you start the business? I think 90% of the people still would not join. Why? Refuse to take risk to start a business, or have no confident that they really can do it. Sales and Marketing, we have to admit most business requires good sales and marketing. What if you do not like to do Sales and Marketing? Does it mean it is very unlikely you will start a business? Even a techie like Bill Gates still have to strike deals with IBM and other partners to make the business a success.

What are the main reasons why we refuse to participate in business? Because we want 99.99% security and refuse to do sales related stuff, and have no confident in ourselves. What does that tell us? We do not have the mindset of a business man; we have been trained and conditioned to take a salary and continue running in the rat race. We don’t know how to operate if we don’t work for others.

Since most people won’t start a business outside their rat race, thus most people have a lesser chance to be rich. Is it a problem of money, network, opportunity, idea, hard work or determination? Not yet. We kill ourselves within our own mind. You fail to give yourself an opportunity to be rich; to live your dream and take control of your life, and to gain freedom. You choose instead to whine against the job, bosses and colleagues.

Who will actually stop you from being rich? You?

4 comments:

Jimi said...

For me, determination and willingness to learn something new. We all not born with skills but each person takes time to learn it.

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meiru said...

human mind is complicated, it doesn't always follow the logical way. Human heart is even more difficult to predict. so to deal with people is really challenging... anyway, as long as we're true to everyone, at least we ourselves are happy :)

Anonymous said...

We have no courage just because we don't have right methods and tactics to do it. We just need to keep on trying to achieve what we need. Just keep on trying. :)

d_luaz said...

The fundamental requirement of a businessman is the ability and the needs to continuosly take risk, either big or small or calculated ones.

The one thing that a wage earner not willing to take risk, either big or small or calculated ones.