$$$

I always talk about how important it is to be so positive that it borders to not being realistic. Being too realistic sometimes limits your possibilities and we all know that the great geniuses of all times were known to be crazy and unrealistic… until they proved the opposite. Just look at Edison and Einstein. People thought they had simply lost their minds, however, it seems like that is exactly what you need: this touch of madness to be able to accomplish what most people haven’t done before you. 

And you know what? The wonderful news is that very few people dare to think unrealistically grand, making it easier for us who dare to do so to actually reach the top. Very, very few people are willing to even dare to think like a true pioneer. When this is said there is something that you need to be deadly REALISTIC about, and that is $$$.

You need to know how much money you need to be able to start trading and how much money you need to put away for unexpected crises or downfall in the market. You can never get enough $$$, that’s for sure.

Here are some posts that normally are certain expenses for any company:

-          Insurances

-           Licences and Permits

-           Marketing

-           Legal

-           Financial *Accountants, Financial advisor etc.

Then again don’t limit yourself because you don’t have the money. Its not like you are expected to have $ 100 000 from the day you start your research.   

As an entrepreneur you need to be willing to take risks, be creative and see the loopholes. Just OPEN YOUR EYES.  Sometimes that means testing your product/service before you actually start trading without all the permits and licences you are required.

This is often an important part of building your business plan, which you most likely will need when presenting your idea for potential investors. Taking risks doesn’t mean that you should do it blindfolded. Calculate the risks carefully before you try and test.

Don’t forget all the free help out there. There are so many people out there willing to help you. I have experienced so many positive people contacting me through my blog: lawyers, accountants, marketing advisors and so on offering free help and advice.

I’ve noticed that a lot of successful people are also very generous people. They love helping others and they love to see other people succeed.  So stick to these people and welcome all financial advices you can get, even if they are a bit off. You’ll learn what is right and what is wrong if you consult with enough people with the right experience in your field.