What can be cooler than a million dollar? Definitely the answer is- “billion dollar”! Then how to be a millionaire? I know about many self-made millionaire, who are not millionaire by birth at all. Or you can say that they started with 0! You also can do it. Can’t believe me? So how to be a millionaire? Just go through this full article and follow all the steps and suggestion, I can bet, you will be a millionaire within 5 years! The else is up to you.
SO, HOW TO BE A MILLIONAIRE?
Being a millionaire is not so hard as you think. You can do this on three achievable steps-
BUILD YOUR ATTITUDE
BUILD YOUR BUSINESS
ACHIEVE YOUR TARGET
These three steps are achievable with some tips and suggestions. Most of them are from different self-made millionaires…..
1. BUILD YOUR ATTITUDE
If you ask a millionaire that how to be a millionaire, then he/she will answer you with only a few words, in fact nobody will reveal their secret. But most of them will suggest you to grow your mind and attitude to be a millionaire. Building or developing an attitude is not a hard task at all. All you need is to make a to do and not to do list and follow it strictly for 3 months. So within these three months that to-do and not-to-do will be your habit and you will be set for these. You can follow the suggestions below to develop your attitude to be a millionaire.
NOTE DOWN YOUR EVERY MISTAKES AND LEARN FROM IT
Write down the every mistakes you did in your life and learn from it. Try to remember how you recovered from the mistakes and find out is there any alternative ways to recover from that type of mistake? If any then write it on your note. Review it when you have some free time.
CONNECT AND DEAL WITH MORE PEOPLE
Connecting and dealing with more people on the right way (or you can say assertively) is the key attribute to develop your attitude and be a millionaire. As much you can connect with more people, you will know many different angles of human mind. When you are able to deal with different people on an assertive way, your mind will be set to face any situation, like your nearest one betrays you or a new friend is helping you to grow. The only thing you have to do is to take everything positively and find out the good effect of every negative things happened to you.
TAKING THE RISK
You can’t always win the game, sometime you’ll have to loose. So, prepare your mind that if you loss, then it’s not the end. You always need to play with the risk, so that you can handle the risk factors and with every failure, you will have a good lesson about why do you fails. So, on your next risk, you will do less mistakes. Always say yes to every situation and once nothing will be risky for you.
DEALING WITH FEARS
There might be something which will always stop you taking the risk or cause you to be failure. You need to overcome those fears at any cost. Once I have a crucial boss and he always stopped me in between my works. After the time being, I was so nervous that I was about to leave the job, because the boss was given me some never-end tasks (because he stopped me always on my way and behaved rudely with me!) and I was not able to handle it anymore. I always tried to avoid him at my work place. Once he gave me a even tougher task for me and on the next day I bunked my office and with great confidence I was able to finish the task within 48 hours. After that when I showed the result to my boss, he became speechless and appreciated me a lot! (And from that day he never stopped me again).
TRUST THE PEOPLE AROUND YOU
There are different types of people stay around you and you need to trust them. If you can’t trust any of then, stay away from him. If that’s not possible, then work more with him and make him trustworthy. Now, how to deal with people, is the key factor to make any untrusted person trustworthy.
To maintain the workload, you need to balance it and without trusting the people around you, you can’t balance the workload. Always keep in mind that making a change for a single person is much harder, where a balanced team-work works at least 20 times faster!
ACQUIRE NEW SKILLS
On every success, the behind-the-scene key factor is skill. Always try to increase your skill by taking some new tasks, reading about how others are working, follow the work procedure of the people who are working with you and take some new challenge. As an example, I always feel good to work with plugins to add some extra features with this site, but recently I am trying t make everything I want with this site by modifying the core files and handling with the core files definitely teaching me how my site works.
You may have excellent skill on developing software. Well that is good enough, but you can start developing a simple computer or mobile game, which will increase your abilities definitely.
You need to justify and think about everything on a bigger way. So, when you need to make any serious decision, don’t judge it with what you see, think about the behind the scene story and try to find out every bit of it. As an example, if you’re a businessman, grow widely with what you’re doing. If you make television for sale, make it keeping your mind that you have the whole world in front of you as your consumer. You may not have sufficient fund today to start a million dollar venture, but don’t miss what you have in front of you and if you make only 10 TV set, then make it to qualify with the largest TV set brand on the world. Always try to be productive other than a consumer.
THINK LIKE A MILLIONAIRE
If you really want to be a millionaire, then take every decision thinking yourself as a millionaire. Sometime you need to take some serious decision within a very short time. To make that decision think yourself as a millionaire and decide after it, most probably you will not make any mistake.
Read more and more about the billionaires and millionaires and know about their success stories, specially how they make any decision. Try contacting your role model and ask them directly if you really want to learn how they did it.
HELP OTHERS AND ASK FOR HELP
Always try to help the people around you or anybody asking for help. Keep in mind that, if you help a person, definitely a good connection will be built in between you and in future when you need any assistance from that person, you will get it from him/her.
Don’t be embarrass to ask for help, if you really need. Suppose, you need to spread a message on social media, then don’t hesitate to ask your friends and followers to help you by spreading that message. If you ask gently then you will get at least 50% success rate. Never think that asking for any help will reduce your image to those people.
DEVELOP PROFESSIONAL ATTITUDE
Professionalism is the base of the success of any business. You need to be professional. Take professional advice from some good financial and business planner. Maintain a good relationship with some established business owners and try to follow how they plan and maintain everything.
TRY TO LEAD A DEBT-FREE LIFE
Don’t forget that debt always push you back. If you maintain a few credit cards then it will be a barrier for you. Maintain only one or two that you really need. You may plan to start your business by taking debt, but it is not recommended, try to make your fund on any other ways.
2. BUILD YOUR BUSINESS
You’re not planning to be a millionaire by winning a Jackpot, right? You’re doing it from your business. So the most important part is to build your business. If you need more information on how to setup a business, then read our another story on it here.
The vital part is to adopt a business idea. You want to start a business, but which type of business you should start? This is the question which is really not so easy to answer. You need to discover the answer. If you can adopt the best business idea, then it will bring a huge success for you. But when you make your idea, try to do something that you know very well.
You have a business idea, now you have to make your own strategy to start and run your business. If you want to make a business plan like a millionaire, just find out what people are looking for and why, then do that better than any other and represent your own brand to your audience.
Your business plan should be unique and scalable. It should represent the authenticate story of your brand.
PERFECT TEAM/ HR MANAGEMENT
One of the most important key factor behind the success of every business is to build the team and manage it. If you can’t do it yourself, then hire a good HR manager who has a good experience and ability to manage the team you need to grow with your business. A perfect team-work always win.
I have said previously that you need to make everything better than anyone else. So, always try to your best to present the best product within the budget to your customers. If you want a long run, then quality management should be your first priority.
HIRE A SOCIAL MEDIA MANAGER
Social media is the best place to let your audience know about your business. It is not limited to any geographical barrier, so the world is fully open towards you. So, a perfect social media strategy is the best marketing technique right now. The task is not easy at all. So, you need to have a social media expert on your team, who will manage and increase your social media followers as well as represent your products to the world.
Do you know the story of Viralnova? This website was sold on 100 million on 2015 and it was within three years from the day it started. This website got that huge success only because of social media, as 90% of the traffic of viralnova is from Facebook! (You may read more about it on Bloomberg).
3. ACHIEVE YOUR TARGET
You’re set with your business, now you need to achieve your target which is a profit of million dollar! To achieve this, you need to handle everything with much care.
SET YOUR GOAL
After starting the business, you need to set your goal first. Set two achievable goal-
- Short Term Goal: Set a short term goal which might be a monthly target or you also can set it as weekly. On every week, try to increase your target for the next week.
- Long Term Goal: The long term goal might be a yearly goal and always be sincere to achieve your goal each year and set a bigger target for the next year.
By this way, maintain a target sheet, which will be a record for your target and achievement. On every holiday or on long journey, follow-up that sheet and try to find out is there any lack or not.
Handling your financial issues and finance is much important for your growth. Always be sensitive about it and maintain a transparency to yourself. If you managed the fund from any investor, then try to sit with them at least once a month and keep them updated with your every steps. In this way, if you face any financial crisis in future, then your investor will help you definitely to overcome that state.
Marketing is one of the most important key factor for the growth of any business. So, take it seriously and adopt a suitable marketing strategy for your business. Your marketing staffs should be energetic and target oriented. Set an achievable target for each staff and reward them when they achieve their target.
Arrange a marketing and sales skill development workshop half yearly. It helps a lot.
BE SINCERE WITH YOUR STAFFS
Always maintain a good relationship with your employees. Keep yourself updated with them everyday and try to solve any problem they have. Keep in mind that, if your employees work without pressure or any problem with a fresh mind, it will increase their productivity.
BALANCE PROPERLY WITH WORK AND FAMILY
Balancing the work and family life is always essential. A proper balance between your family life and work help you to stay on a mentally stable situation. Always keep in mind that the family is always with you, on every situation. Try to go for an outing with your family each month at least for an evening. It will freshen yourself and remove all your stress and prepare yourself for the next day.
RECOMMENDED BUSINESS IDEAS TO BE A MILLIONAIRE WITHIN 3 YEARS
If you really want to know that how to be a millionaire with a low budget business, then read the You have to take the decision which type of business you want to start. But here I recommend you some ideas which will require a very less investment and many people already became millionaire with these ideas.
BUILD A BLOG/WEBSITE
This is one of the most popular way to be a millionaire within a very short time with a very small investment. There are many websites which already receive millions as revenue from ads. You can build a blog or a website offering any necessary service. If you make a blog, then all you need is at least 100-200 high quality top ranked article on your blog which should be on the top of the search result of Google.
BUILD A MOBILE APP/GAME
Right now approx 2 billion people are using smartphones and if you can build a quality app or Game for Android, iOS or Windows Phone, then you have 2 billion people in front of you and if you have a good skill on distributing and marketing your app/game, then you can be a millionaire within a year!
BUILD AN ECOMMERCE STORE
With an eCommerce store, you have the whole world in front of you. So, if you can properly setup it, then this is a very good option to be a millionaire. It requires some initial investment, but the risk is not so high.