How to Become a Millionaire – Here’s 3 Ways

It’s something that we all dream about and chances are if you had one wish you’d ask to be a millionaire right? But how can you become a millionaire is there some special knack or insider secret or is it just down to luck?

As I see it there are only really three ways to become a millionaire the first is to win the lottery now if you’re a person that likes to gamble this may seem a perfectly logical way for you to make a million the only flaw in your plan are the odds of winning, they are impossibly stacked against you. You stand more chance of marrying into money than actually winning it.

The Second way you can become a millionaire is to steal it. Conning or robbing people is not a very honourable way to build a fortune not to mention the dangers involved with criminal activities, not least the threat of spending time behind bars and losing all your ill gotten gains. Like disgraced businessman Bernard Madoff who pleaded guilty to the largest investment fraud ever committed estimated at 65Billion Dollars.

The Third way you can get wealthy is probably the hardest but ultimately the most ethical and most satisfying, it can be broken down into two separate fields so want to know how to become a millionaire? Yes well here goes…

In this world ordinary people are not rewarded for their skills. However, if you are extraordinary or have a rare highly sought after skill, you can be paid very very well think of top sportsmen or actors both have sensational but rare talents, not everyone can do what they do right?

The other way is to become an entrepreneur, forget about working for someone else you will never become a millionaire while working for a boss. The time to make it as an entrepreneur is now and the best way to be successful is to help people by solving their problems. If you can provide services or information that can solve people’s problems whether they be emotional, physical, or financial you can make money.

Think of The Hilton’s they solve problems by providing luxury accommodation for holidaying people. Or British Airways solving the problem of faster transatlantic travel, or even Bill Gates who solved computer compatibility problems with his now legendary windows operating system just think where we would be now without it, would you be even reading this?

So there you have it the real secret to being a millionaire is to be extraordinary and try to solve people’s problems and with the power of the Internet you can do this now easier than ever I hope you have enjoyed this article and you know have a better idea of how to become a millionaire.

Learn The Steps To a Successful E-Commerce Business

Have you ever imagined living a life without cars which means trekking long distances, without tractors and the likes which means tilling the soil with hoes, without basically the things that’ll make living easier and enjoyable but all thanks to technology and its inventions we have everything at our finger tips. And yes this has widened our horizon and everyone thinks it’s amazing owning a business cause once technology is involved, it can be swift and interesting.

We have various kind of businesses that have thrived and survived but our focus here is E-commerce and what is entailed setting up such. Its true there are many benefits that come with owning a business like being called a C.E.O or M.D, having that big catchy brand name, great siting of business premises with its frivolities, flamboyance and of course the most sought after which is the ‘steady profit and income’. But many a times, focus is lost as to the issues and difficulties encountered alongside the startup, let’s have a quick overview of e-commerce.

What Is E-commerce?

Have you at one point in time purchased shoes or clothes via the internet, sold your phone or gadget using your laptops or even had one or two bank transactions using the online method? If yes, you’ve taken part in e-commerce, if no then stay tuned as it’s served you now. E-commerce is an abbreviation of electronic commerce which can be defined as a platform, method or business model established for sellers and buyers for the sole purpose of carrying out business transactions of buying and selling through electronic medium. And stores that function by selling their products online are referred to as electronic commerce (e-commerce) stores and we have them around us. This platform allows customers to successfully exchange goods and services without the time or distance barrier coming between the parties involved and this has helped bring about good customer base and fostered unity across the globe.

Starting-up Your Successful E-commerce Business.

Starting up a successful e-commerce has a lot entailed as there are many things to look out for while starting up, you need to get started in the right direction so there won’t be mistakes that could sabotage your idea and pursuits; Let’s have a run through.

a. Have Your Idea Ironed Out and Processed

For you to think of starting out your business you have an idea of what exactly you’re bringing to the world aside the funds or capital to start. Do you intend going into clothes, gadgets, automobiles or what precisely? When this is thought out and processed successfully then you’re on your way to having a successful business.

b. There Are Various Types Of E-commerce

When starting up, you have to understand that there are various types of e-commerce businesses in the world today so this would determine what type your idea falls into. Note the very common types below;

B2B: The b2b model is called the business to business model and this is when a business is selling to other businesses across the globe thus the prices are low and given out at wholesale prices to help the purchasing business encounter some profit too.

B2C: The b2c model is called the business to customer model and this is when businesses open for the sole aim of selling to customers. So if you find yourself opening or starting up your e-commerce or online store then it’s most likely this category it falls into.

C2C: The c2c model is called the consumer to consumer model and this is when consumers are selling to other consumers. This is better known as when average people sell products they own be it second hand or used, whatever way it is it’s a consumer to consumer interaction and thus has its uniqueness as the above mentioned types. Once this is settled and you know the type you intend running or starting up then you have to do what’s next.

c. The Right Domain Name and Web Designer Is Vital

Purchasing a domain name is very important as this is the web address people input to find your website, and finding a good hosting would help promote your business to the level you anticipate it to get to. More so, a good designer who has special experience in e-commerce website building is vital so as to have both a touch of professionalism and good customer interaction arena. Never make the mistake of creating one yourself because this is just the beginning of failure, so never be cheap. Invest and sit while it works wonders.

d. Stay Legit

There is nothing as good as legitimacy when it comes to business startup as this would help avoid many issues that could arise in the future to crumble the business you would say you spent a long time building. Remember the type of legal business entity you’ve settled for would determine the kind of legal involvements and taxes associated and even the insurance that would help yours thrive and survive amongst many that may start up alongside yours. Thus, getting a good attorney does the trick as he helps you with the legal backing and if you have vendors involved in your business, you definitely would need a vendors license from your local state agency. Secure the business in advance and sit back while the initial struggle pays off in the long run.

e. The Best Theme Works

For every good business to flourish online, there has to be a good theme that would get the attention of your visitors and customers which would make them come back again and again. Make them come back? Yes, make them come back and stay. Thus the best theme and layout should work the magic. You don’t know how to go about getting that? Check for good websites that can aid your theme purchase and acquisition as this saves time, money and is stress free. Go for the best.

f. Have Your Customers At Heart

One of the reasons why businesses fail is because there is a wrong focus which is on the profit rather than on the target audience; the customers. Create a good platform for customers to interact on the product of desire before it is purchased. Use quality images to showcase your products with correct details to sell it to them. Patience and understanding I would say is the key to having your customers and keeping them on your site.

g. Never Forget The Payment Access and Input

This is very important as I’m certain you aren’t giving out your services for free. There has to be a secure payment service be it through Pay-pal or any other method of payment but what’s important is that it is secure and working adequately. This may take a while to process as it deals with Privacy Policy, Return Policy and all that determines your shipping and delivery functionalism so be patient so you wouldn’t have to run at loss be it now or later. Nobody wants futile efforts.

h. A Tip Of The Ice Berg Doesn’t Hurt

While at the setup process and all, why not give your visitors and future customers a tip of the ice-berg? A tip or two wouldn’t hurt. Use themes like coming and other related terms to publicize your soon to be e-commerce platform. This helps create awareness in the mind of users and enables them go through what the intended offer would include as this keeps them talking and anticipating the big drop.

i. Go Over The Launch Process Again and Again

Although it is said humans are not perfect but we aim at perfectionism to bring about the best thus testing, testing and testing is very important. It would be disastrous to launch a website and the user interface is non-functional. Go through the site yourself presuming you’re the customer and see how it goes, this would help know the kind of impression your customers would have about the site in progress. We don’t want to stress our customers or frustrate them, therefore test, test and test again.

j. Make Use Of The Right Social Platform

Using the right social platform aids in the successful run of your business as this helps to promote your goods and services aside the use of your website. When these social accounts are properly set up and handled, you’re on the go to giving the best. Therefore never rule out the importance of social media because it helps the world know about you and connections around the world and among individuals is realized.

k. Tracking Is A Necessity

Never forget that helping your customers track their goods is essential because you would be dealing with people outside your locality and even across the globe. These method helps to ensure their goods arrive safe and secure, never forget it’s a necessity.

l. Be Focused And Stay Positive

Having a positive mindset is essential to having a successful business. Stay focused and know their you’re your greatest competitor. Competition and competitors would sprout but never lose focus as you’d excel more than you can imagine. Remember the sky is your starting point and you never rushed up your set up so you’re in for the best. Go commercial already, get started!

Conclusion

The only person who can stop you from actualizing your dreams and maximizing your potentials is you. Never stop believing in your self and the things you can accomplish, trust me it’s never too late to start and you’re never a failure if you fail but you become one if and only if you stop trying. It’s never too late to become that independent person you’ve always wanted to be. Believe in yourself, you can do it.

Unusual Conference Venues

Many companies understand the importance of conferences for their staff. Conferences are a chance to network, share ideas and to learn, but boy are they boring. Yes, your staff gets loads of new ideas and meet lots of interesting and useful people, but given the choice they would rather not attend again next year. Fortunately, the people who run conferences are starting to wake up to this fact and beginning to try to make conferences less tedious. This has led to some great new conference events being held. If you are a business about to hold an in-house conference you can learn a lot from this new trend.

So the question is 'Where can I hold a conference?'. Basically as long as they've got the license and you've got the cold hard cash, then you can hold a conference just about anywhere you like. As the legend of Kevin Costner understands 'If you build it, they will come' and yes, you can host a conference at a baseball diamond!

Museums and art galleries. Being surrounded by creative exploits really stimulates the mind. Therefore a great venue for a conference has to be a gallery or science museum. Our favorite is the Vancouver Museum of Anthropology – mingling amidst ancient totem poles is quite the experience. Another great museum venue is the Science Museum in London, that even offers a IMAX cinema or a motion theater as two of the 8 conference halls it has available.

Marinas, Aquariums and Planetariums are also great places for conferences, most have lecture theaters for the presentations, with plenty of divers during conference breaks. In some Aquariums such as the one in Barcelona you can enjoy a spectacular conference dinner completely surrounded by fish. Although sitting down to the fish course does make you pause.

Blackpool Tower – yup sounds strange but come on, it's also pretty exciting and sort of kitsch!

In the mountains. Being amid inspirational landscape opens the mind to fresh and new ideas. Check out the Fairmont Springs hotel in Banff, you are literally a step away from heaven.

Want to impress, rent a castle! You can do it for weddings and you can absolutely do it for your conference!

Observatories – enjoy a daytime conference and finish with watching the stars – there's a metaphor in there somewhere!

Middle of the Rainforest? Lots of nature retreats host conferences and events. Bali anyone?

The zoo – yes it has happened, one crazy and obviously very talented events planner held an event at a tiger exhibition.

Like we said, you get the right equipment, shelter, catering and speakers and people will come. If you have an event dream – make it happen. Your conference will be memorable and people will definitely want to come back next year. Where you hold a conference says a lot about you and your industry. Conferences are designed to stimulate people's creativity and make them come away full of ideas. An inspirational venue is everything, so think outside the box.

Discounted Cash Flow Modelling to Achieve Personal Financial Goals

A discounted cash flow or DCF model is a style of calculation linking streams of future money flows to lump sum amounts. Discounted cash flow models have a range of business-related applications, and are used extensively by economists, accountants, actuaries, engineers, business valuators, finance professionals, and others.

For example, a company may wish to finance a project if (and only if) the Internal Rate of Return exceeds 10% per year. The anticipated development costs for the project may be large for the initial year. On the other hand, significant revenues are anticipated for Year 2 onward. The company directors rely on a DCF model to help determine whether or not the project's Internal Rate of Return exceed their 10% threshold.

Discounted cash flow models also have important applications in everyday life that are often overlooked. For example, consider auto dealers who advertise low finance rates to prospective clients. From a car buyer's perspective, low finance rates are understood to be good, since they mean lower monthly payments. By using a DCF model, a buyer can determine the monetary value on the low finance rate offer.

Everyday use of a Discounted Cash Flow model would include (but would not be restricted to) the following:

  • Mortgage Refinancing: For homeowners with a fixed-rate mortgage, refinancing often debts paying a penalty. A DCF model can be used to calculate whether the interest savings exceeded the penalty cost
  • First-Time Home Ownership: First time home ownership involves many new costs, and can be intimidating to many of us. A DCF model can help by comparing long term home ownership costs against rental costs
  • Lease or Own Vehicle: A DCF model can help car shoppers in their decision whether to buy or lease a vehicle

Examples of these and other everyday applications can be viewed at the author's website.

Through the above (and other) practical applications, Discounted Cash Flow models can assist all of us in achieving our personal financial goals.