<\/figure><\/div>\n\n\nSome Next Steps<\/h2>\n\n\n\n I hope this guide helped you understand how to select a business idea that can help you make money with the available resources, i.e. time and\/or money. You may have been looking for something more direct, but unfortunately, there is no readily available intelligence for money-making business ideas that don\u2019t involve an equal degree of risk.<\/p>\n\n\n\n
Money-making business ideas are never publicized. That’s because if someone is making money, why would someone invite competitors? I\u2019m sure you would have come across several advertisements on the internet where people are posing to be wealthy by using props like expensive cars, hotels, private jets, etc. to entice you to join them to become rich quickly. Now just think logically, if you were really rich, would you do something like this?<\/p>\n\n\n\n
What to Avoid<\/h2>\n\n\n\n While one should look out for money-making business ideas, you should also be aware of numerous scams like MLM (multi-level marketing), Ponzi schemes that guarantee very high-interest returns, and the latest being crypto where we have recently seen the bust of FTX, and many other cryptocurrencies failing.<\/p>\n\n\n\n
In my experience, in order to find a money-making business idea, one needs to work hard consistently in a particular field of business, and understand its intricacies to find the right direction. What\u2019s next is to take the risk and not give up till it succeeds. After reading all business and leadership books, the conclusion is that it\u2019s just grit that differentiates a successful person from an unsuccessful one.<\/p>\n\n\n\n
The quickest way to fail is to quit, so keep trying to find the right direction. And if you think some people got it easy and just stumbled upon a business idea that made them rich, you would be very wrong.<\/p>\n\n\n\n
A lot of people come across business ideas, but very few people believe in them and even fewer have the courage to take the risk and the patience to realize them. Finding an idea is one thing, but to make a business successful you need many other factors. These include skill, patience, hard work, flexibility, timing, team, etc.<\/p>\n\n\n\n
So here are the 3 main things an entrepreneur needs in order to be successful:<\/p>\n\n\n\n
\nAn ambition to succeed.<\/li>\n\n\n\n An idea that stands apart or is different.<\/li>\n\n\n\n Unlimited patience or grit to realize this idea.<\/li>\n<\/ol>\n\n\n\nBasically, these are the 3 things you need to be able to achieve anything big. You can also call these ambition, innovation and grit.<\/p>\n\n\n\n
A few examples from politics & business that may inspire you:<\/p>\n\n\n\n
\nHow Narendra Modi proposed the \u201cdevelopment\u201d idea and reached the pinnacle of Indian politics.<\/li>\n\n\n\n How Obama\u2019s \u201chope\u201d campaign, got him to the White House.<\/li>\n\n\n\n How Steve Jobs\u2019s quest for simplistic design with high performance made Apple one of the most valuable companies in the world.<\/li>\n\n\n\n How Elon Musk broke the stereotype of electric cars being slow and boring, which led to accelerated growth of EV adoption across the world.<\/li>\n<\/ol>\n\n\n