What does Entrepreneur Meaning mean to you? Does it turn your ideas into cash, which in turn gives you profits and a cash flow? There are thousands of ways to do business, but only five ways to generate cash.
- Doing: is the most general way of making money. If you were a doctor and you treated a patient, the patient would pay you cash for the treatment. Most jobs that you do will give you money. This is also the quickest way of starting a business, by charging for a job you have performed. The only disadvantage is that you need to do the job yourself. You can do only so much in a day, and if you want to start growing, you will need contractors or employees to take off the burden.
- Owning: income producing assets. For instance you own a house with a cottage in the garden. You can let the cottage and every month you get an income from it. There is little work involved. If the tap in the cottage leaks you call a contractor or a plumber to fix the leaking tap. There are million things you can own, from property to web sites.
- Being based on who you are: If you are an expert in training pilots, you get paid for training pilots because you are a known expert.
- Connecting: You generate money through connecting parties or transactions. For instance you have connections with a huge warehouse. You are the middle man. You are keeping your eye on the market and distribute to a demanding market. You sell at a certain price and you buy in at a lower price. The difference is your income. Estate agents connect the buyer with the seller for a percentage of the sales price. Affiliate marketing on the internet is huge business. Through your website or email you get the buyers to buy the goods or services. As an affiliate marketer you get a certain percentage of the sales price.
- Growing: you can get money to grow by expanding your business. If you have a practice a partner can join you. If you are a good entrepreneur and you can see when your business needs to grow, you will make money.
What method are you going to pick? You can use one method or a mix of all five methods to generate money. Pick one method and get started! No business will make you any money if you do not act.