How to Become a Billionaire

Off the top of my head, these ideas will halp you to become a billionaire.

1) Quit blaming others for your problems and failures. Accept full responsiblity for your life.

2) Start a business. Science and technology, including health sciences are two of the big fields to look into.

3) Think big. Chase big stuff, not little stuff. Sell things everyone needs or high end stuff the masses want. Acquire a list of customers and resell to them in the future.

4) Have a business model that is as simple as possible. Make sure your business plan is complete.

5) You will work long hours making your billions. Delegate the unimportant stuff. You need to do the important stuff, to make sure it is done right. Make sure your time is never watsed. Have an attorney review your business plan.

6) Study the business plans and annual reports of your competitors, or at least of your favorite, or similar companies. A degree in business goes a long way.

7) Start or join a mastermind alliance. You need to acquire specialized knowledge.

8) Be alert for financial predators. Consult your attorney.

9) Form an LLC or other corporation type at the start of your venture.

10) Back to your business plan. Make sure you have FAQs for customers, investors, employees, etc. You want a kid to be able to understand what you are selling.

11) Read the 4 Hour Work Week, by Tim Ferriss and Before You Quit Your Job, by Robert T. Kiyosaki. There is information in both books that will help you.

12) Improve and develop your products. Focus on creating and improving your products and the selling of them and avoid doing things that do not directly affect the bottom line.

13) Have a vision for your company. A good vision will keep all hard working employees motivated and will improve morale.

14) Look at the bottom line. How can you sell more? How can you cut expenses? Ask your self these questions. Do things that improve the bottom line.

15) Have a plan. When will you sell your business? Will you takeover another company? There are a lot of things you must plan for.

16) You need capital reserves. You need a golden parachute. You will want a retirement home. You may want to expand your business, etc.

More soon.