I been thinking lately and I feel that in general that there are 2 ways to get rich fast.
1) Do something very different and unique. A technological breakthrough product or a business model no one thought of it before.
This applies to Facebook, Apple's Iphone, Google, etc which provides us with phones, apps that becomes very dominant in our lifes. Nevertheless, any business model can be easily copied over time if the barrier of entry is not high enough.
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| Steve Jobs Toy presenting Iphone |
2) Do something OTHER people DON'T want to do.
For example starting a car wash business to cater for those busy and also lazy people like me that send their cars to be washed by other people.
Thinking out the box; doing a compost fertilizers, garbage collection company can be very profitable since not many people wants to get down and dirty.
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| Car Wash anyone?! |
Which business type that you think is the easiest way to get rich?
For me, I still think no.2 is the easiest since not many people have the talent/timing/connections/or even luck to reach the heights of Mark Zuckerberg, Steve Jobs or Bill Gates who are game changers in our fast paced technological world.
Besides this, if not many people are willing to do the "dirty" & "difficult" jobs, you basically have very little to no competitors. Hence, the profits are surely there if look and work hard enough.
So what you have done for (2)?
Become angel investor :p