Business that can make make you a Billionaire

You start a business:

Hi, Millionaires, I'm Usman. Whenever you start a business you aim to make it a big success and I have the exact same aim that you make it a success. But I want you to learn that business first. Usually, because people are starting a business for the first time, there is nobody to guide, the don't know how it's done, they invest all their savings/money into a single business at start. and more often than not, they suffer setbacks and never try again. And what happens after this, they can't overcome such setbacks to start a business again. So, I want you to always start small. An intelligent and clever person would always start small.

Now "Small" can mean anything, for some people, "Small" would be 1000 rupees, for some, it would be 10,000 rupees and for some, it would be 1 lac rupees. And beyond that, I'd not recommend. And what happens with this? Look, regardless of how much you invest, when you start a small business, eventually, what do you have to learn? Like, If I were to go into anything, shoe business, garments, Computers, or anything else, there is a high chance that I'll make it a success, or at least I will make it profitable. Success, is an open ground. For some, 5% profit is a success, for some, it's 1% and for some it's 100%. This percentage would vary person to person .Business that can make make you a Billionaire.

How make a business profitable

However, I'm certain that I can make a business profitable. And this is solely because I know the basic principles of business. I learned all this through small businesses When I started off, my initial investment was 53 rupees (equal to around 500 rupees today). So, after investing 500 rupees, I  learned the same thing that you will learn by investing 5 or 10 lac rupees. I want you to invest 5 lac rupees because obviously the more you invest, the more you earn. Money makes money. We all have heard this.What did we learn by this? Buying, Selling, Customer Service, Negotiation Beyond that, we learned Resilience and Dedication.

We got to know about Profit and Loss. We can hire people for this too, But when I invested 53 rupees, I hired a Craftsman to build things for me but I also had my younger brother with me so that we could learn staff management. Right! At the end of the day, what would be the benefit of small business? Just imagine. Let's change the camera angle. If we invest 10,000 rupees, if we invest 1 lac rupees or just 1,000 rupees, right, whatever the figure is. With small business, at most, you would lose 1,000 rupess, 10,000 rupees or 1 lac rupees.

However, usually, even this isn’t the case with small businesses. What would happen in a small business? Maybe you sold tea, maybe you sold garments door to door, whatever you did, There is a big chance that 50% of your amount was in assets. Maybe utensils, maybe cash registers, maybe bike, tools or anything that you can utilize or sell. This means you won’t lose anything. 

Start with small business:

And if you are someone who is teaching business to someone, then always start them off with a small business. If they can succeed at a small business, great. Let’s say my limit is 5,000 rupees, now if I’m teaching anyone business with 5,000 rupees, at most, I’ll lose 5,000 rupees, I would loose $35 or 25 pounds. But I’d be clear if that particular person is worth all this, if I should be investing my time in him, weather I should mentor him. This is the concept behind starting small. Like I said, “Small” varies person to person. But if you give around  30, 40 lac rupees, or 1 crore to build a property, then it won't be a wise decision. As I said earlier in my videos, if you go into construction business, start with a single shop and learn from there. I talked about dedication, if you hire someone can that person give his time? Some people feel business is all about investing somewhere and then sitting idle at home. 

He learns the entire management process, He knows he has to buy and sell, he knows if he won't go, there won't be any sale. If he won't be there, he will have to suffer loss. And while negotiating, at most, what would he lose? if he is negotiating 1000 rupees, what would he save or lose? This is the most important question. How much would he lose while buying 10,000 rupees worth of stock? Maybe 2,000, 3,000? Or maybe 10,000. This is the principle, I hope you liked it. Please, I want you to succeed. I made another video about Rich and Poor Mind.

Poor man afraid:

A poor mind can not take a U-turn, He is always afraid of people, He is afraid that people would degrade him if he would change his direction/decision. Whereas, a Rich mind starts many small businesses and learns from them. If he fails at a business, he learns from his mistake. It's never a loss for him in the long run. Because he learned something no matter what. maybe he would convert his customers, maybe he would apply those skills on another business, maybe he will utilize that market research. Maybe he went to buy tiles but got cement and vice versa.

And he keeps learning and utilizing that information. He gets to know if he is resilient. If he can overcome setbacks. So, a Poor mind would stick to failures and bad ideas, he won't change his plan. He would keep putting money in something that's never going to work and he will end up loosing all his money. On the other hand, a person with Rich mind moves on to other ideas, he knows when to change his plan. If Banana's cart didn't do well, he would work on shoes business. If not that, maybe a cafe. And so on and so forth. Every successful person started small unless he got through inheritance.

 And I think, those who rely on inheritance don't go that far. It's almost like a 50/50 chance. It's about your hunger, most importantly. But you can ask all the self made people how they started. They all started small, You won't believe how they started. I know people who started as labors and today they have their own construction companies. And they have 2400 apartments/buildings.

This is a normal story, happens every now and then. And you understood the principle, I don't want to take to much of your time. . Millionaires, I want to add something, our society is built upon fear that is it's pulling our legs, and it's the fear of "what would people say". There is nothing in starting with small businesses. I am not ashamed of starting small, you shouldn't be either. And the people who pull legs can not do anything themselves. They can not do anything and they don't let others do anything. You guys are much better than them. Start small, like I said, we all see ups and downs, But all that we go through helps us in the long run after we overcome small challenges.

 My own suggestion: 

And why do I suggest you start with small? Let's suppose you buy a shop worth 30 lac, and you don't start business with 50,000 or 1 lac, And you dive into the deeper side, So, if you are investing 30 lac, you might have inventory worth 15 lac, the rest will be spent on decoration etc. And unfortunately, if that doesn't work? How would you start your next venture? And you would never be able to recover that investment. And nobody would give you that. Maybe you didn't select right location, maybe you made a mistake while purchasing stock. Learn the basics things by starting small businesses. First you will learn how to walk then you will run Humans can not Fly, But, We Will FLY, without planes.