Top 5 Tips for Entrepreneurs from Richard Branson

Billionaire Richard Branson tells you how to get ahead in business. If you are looking to make money then you need to start trading. The most basic form of business and something most self made people do is trade to gain capital. Obviously this requires sacrifice, bring your outgoings down to the bare minimum, if you smoke then stop, if you eat out then stop, address your diet and bring the cost of your food shopping to as little as possible whilst remaining sufficient, cancel all subscriptions and only use pay & go mobiles. Once you become disciplined in structuring your finances then you will have money to trade with. You can start with as little as £200. Explore every avenue, all local auction houses, cash & carries, and basic wholesalers. Put every ounce of yourself into getting rid of your purchases for even a small profit, because small profits equal big profits before too long. Within a year your £200 initial stake will have grown at least 10x. Once you have sufficient capital you can look to invest in something more profitable. Why work for someone when you can work for yourself, it may take 5 years till you can start to appreciate the fruits of the business but good things come to those who wait and persevere.

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