That makes you think. I like that.

I'm 23 myself and although I am very big on saving, I'd rather save my money in a savings account or an ISA(if the rate was better). I have a plan of what to spend my money on, and that is property.

As long as there aren't any hiccups i.e. buying before a crash, all I need is 4 properties (3 rentals[50 mortgage 50 profit], 1 of my own). The average spent on rent is about a third of a persons wage(alot higher in London). This, I hope is done by the time I'm 30 and by the time I'm 55, the mortgages will be paid off.

The only issue is, as I am young I am very much in the moment oriented, this is very hard for my plan. Can I really be trusted to save for the next 7 years and stay where I am(unless I get a decent pay rise)?

Having these qualifications & this knowledge makes me more equipped than someone who doesn't have either. It's not that difficult to start a business all you need is some capital, a good idea with potential, & the balls to take a calculated risk.

I have plenty of friends who have successful businesses who I could turn to for a nugget of wisdom here & there if we find ourselves stuck.

The only thing I would say with regards to the above is that I agree it's not overly difficult to start a business - but sustaining it and getting past the point of making a loss or even break even can be extremely, extremely difficult.

A huge number of startups fail within the first year or fail to make profit within the first few years, so where you say you need some capital, change that to "a lot" of capital, having some self funding sitting there to offset your losses and spend for the first few years is a good idea.

I think there's a lot more involved than you think; I have my own Limited Company although its not the same as I contract my work out to other companies so as long as I have a client my work is guarenteed. I originally wanted to do all my books myself but now I just outsource the whole thing to an accountant as I find it too difficult and time consuming. The end of April tax year almost had me in tears.

I'll leave this now as this was beginning to deviate from your overall thread & I don't want to hijack it on one particular topic.

Not everyone with a degree in business will succeed. You'll be certainly more equipped than most to know what you're doing. Business is in my opinion not a difficult degrees (not technical like a science). I'm not discrediting your course or you, in fact I know nothing about how well you are doing nor would I be able to tell you that you're on the right track(not being a millionaire myself). But do you have that drive, will you fall into/find the right business to make enough, will it be a business that will keep you happy through all the hurdles. You won't know until you've done it.

Yeah ok I agree, I think what I meant was more about my own knowledge than weighing it up against others..

If I hadn't done those courses - which I excelled in the enterprise one which was a level 2 course but got a call informing me that the awarding body had no choice but to award me level 3 as I did a much higher standard of work - then the thought of starting a business would be completely alien to me & I would probably laugh at the idea if someone proposed it.

However having done the courses & learning all the steps to starting up & maintaining it, as well as the financial stuff, I possess enough knowledge to enable me to take a chance on it if opportunity allows me.

There is a major e-cig chain called Kix (dunno if they're just here or if you have them over there too) who I would have thought dominated that particular market. However in this city I see smaller independent e-cig stores opening up. Just today I saw another one & bought a new barrel (or whatever it's called) out of it...

That's just an example of something I've noticed. People kicking up business off the back of larger, clearly successful franchises. I think that's quite clearly a risk because you'll worry about not being able to compete. But then again it's always a risk right?

I would prefer to do something unique, but not so unique it's rare & more of a luxury that people will get bored of or worse not even be interested in. But still something that stands out.



As a side note - A couple of my mates owned head shops back in 2009/10 & they kicked up quite a storm. Made a lot of money & got a lot of attention, from all angles - media, cops, politicians, gangsters, dealers, paramilitaries etc. One mate got his knee blasted with a shotgun, I got threatened by paramilitaries one day I was working..it was dangerously exciting.

Safe to say it didn't last forever.

My new wing who owns his own online business said this to me. "You can make a business from anything". Don't wait for an idea, sit down and think of some. It sounds a bit like a rabbit hole, you won't know where you'll end up.

I recently read Felix Dennis' "How to Get Rich". Bloody amazing book.

Sweet just downloaded the e-book 10 seconds after reading this.

"His actual net worth were closer to half a billion, but he declared he spent a third of a billion just for partying, drugs and whores."

I love it already

Yes.

I have run a successful business for a long time now, and would go so far as to say that in many ways qualifications without wisdom and instinct are potentially dangerous because of the confidence they instil when it comes to risk.

I agree on all terms.

I've found that qualifications mean fuck all. I've applied for jobs that I'm 5 times overqualified for & still got turned down because I didn't have "experience"

Well thankfully for me them days are over. I start a new & excellent job in a couple of weeks & I know it's gunna be awesome.

Business wouldn't be easy. However I do know the way to start up a small business. Broadsword's spot on with his realistic outlook that you need a LOT of capital.

That may be the case, but if we can find a way we are gunna do it.

I'm super excited to start my first ever office job in the morning.

There will be 6 - 8 weeks of training I believe. Which I know is a lot but shows how serious they are - for example my friend started with Vodafone last week & they are given 2 weeks training before they are put on the phones.

I was like a bitch half an hour ago deciding what to wear haha! Settled on a cool checkered shirt, black trousers & black shoes... Even if we're allowed more casual, I want to dress at least semi-professional & take the job seriously. Plus maybe showing this professionalism will get brownie points for promotion

These funnies right here, make this new job all the more appealing 😁 ...

http://www.buzzfeed.com/lukelewis/mo...ice#.mvPog7zXA

17 Things You Suddenly Start Doing When You Get An Office Job | Thought Catalog

http://www.buzzfeed.com/erinlarosa/t...ice#.pmYJ9gZyE