i wish to be successful!

South Africa
August 19, 2012 5:42pm CST
All i ever want in my life to be a successful business owner and enjoy mu life with some money in the bank and a happy family. Does it take a lot out of a person to start your own business? if so is there a easier way or not really?
2 people like this
5 responses
@dfollin (25351)
• United States
22 Aug 12
You will need to have the initiative and the inner strength to do so.And depending on what type of business it it you may need the financial resources to do so.I have researched to find out the laws as far of having to get a liscense or permit to do that particular type of work in my county or state.You should also research about your tax rules.Believe me you don't want to end up owing taxes or being prosecuted for not having the proper credentials for your business! Not fun! And things can change.About thirty years ago I sold Avon and did not have to pay self employment taxes.In this state if you do not make more then $600 in a years time you do not have to pay income taxes on it.However about fifteen years ago when my mother had got into selling Avon(I had quit)she had to pay self employment taxes of $300 a month! On the average that left her earning about $60 a month and she still had pay her expenses.....gas,catalogues,order books,etc. My mother is on social security and they are still taking money from her check saying that they had over paid her during the time she was selling Avon,even thou she had to give most of it to the state and IRS!
@TeamCholent (2832)
• United States
22 Aug 12
You could be the most brilliant and thoughtful person but that doesn't assure you of success. There is a concept in business called the DNA lottery as ones success is determined not just by skills and connections but also on when you are born, is the world ready for you today or not. Work hard and never give up and you will be fine.
@Canellita (12029)
• United States
19 Aug 12
It doesn't take a lot out of a person to start their own business, but it can take a lot of resources to keep it going, including many hours your time. Of course exactly what it takes depends on what kind of business you start.
@ARIES1973 (11426)
• Legaspi, Philippines
20 Aug 12
Hi Jono! Welcome to Mylot Community! It's good to know that you are having this kind of outlook in life. Well, I can say that for every goal or objective that we may have, we need a lot of patience and hardwork. Dreaming of having your own business needs a thorough planning and I'm sure with the right strategy you can achieve these goals in the right time. Although, there is no easy way, I'm sure you can achieve these things if you are really dedicated. What particular business are you planning to have? Perhaps we could start with that. Have a nice day Jono and keep participating in myLot discussion.
@mikej143 (309)
• Philippines
20 Aug 12
People nowadays want to be easier, new technologies new invention they are existing cause they want to be easy life and faster rather than the old ones, even in life we don't want to be on process rather than we tend to find a way that are easy and we want or even need to jump direct in the higher level. real success are those the person surpass all the steps in life from the start to finish line. to have business owner or to start with you in starter people are suffering in investment or capital and need manage all things or else it will be closed.