| Usually an idea is not enough to get into the big | | | | circumstances or problems and takes on these |
| leagues. For definition I define the big leagues as | | | | investments for the purpose of resolving the problem |
| having $1 million dollars or more. An idea gets you | | | | and re-marketing to people that are willing to pay |
| direction, but profits come with deal making. | | | | retail for solutions. In this way profits are most often |
| In this area, deal making entrepreneurs create profits | | | | made. |
| out of thin air. Creativity is what an entrepreneur | | | | To be in the position where the seed capital account |
| does. From the perspective of somebody starting | | | | is low is a challenge but no insurmountable. There are |
| out and wanting to become an entrepreneur the | | | | many ways assets can be controlled legally without |
| difficulty is in the low seed capital account and the | | | | the need for out right purchase. Assignment of |
| lack of experience. These can both be overcome | | | | assets is a very easy thing to do using legal |
| however the mistake most people make is believing | | | | instruments like options. The largest block to success |
| that locating seed capital for their "big idea" is what | | | | for entrepreneurs first starting out is not having |
| an entrepreneur does. | | | | successful experiences, and its this aspect of the |
| An idea simply leads to profits, but there is a long | | | | endeavour that really is the obstacle. |
| and winding road to travel before an original idea | | | | The best advice I can give to new entrepreneurs is |
| becomes profitable. An entrepreneur hardly ever | | | | to invest in knowledge. This is the first step and can |
| creates big ideas. They create little ideas with big | | | | lead to leveraged returns if you get your hands on |
| value. Pre-exisitng profitable circumstances that can | | | | the right information. By creating deals from existing |
| be adjusted in a small, cheap way for a big return is | | | | circumstances, an entrepreneur compounds money in |
| the ideal situation for an entrepreneur. | | | | a rapid way. This can be accomplished at very low |
| An entrepreneur buys problems and sells solutions. By | | | | levels. At these price points, an entrepreneur can build |
| that I mean they become experienced in solving a | | | | their seed capital account slowly in the beginning but |
| particular problem in a particular market that they | | | | more importantly develop winning experiences and |
| have learned how to resolve cheaply. As a deal | | | | accumulate experience over time. |
| maker, an entrepreneur seeks out these similar | | | | |