Everyone has a skill or idea that they could turn into a business opportunity.
Liberty, creativity and wisdom are three values I promote often in this blog, which I feel contribute significantly to the prosperity of the individual, society and the environment. One of the best ways to let these three values run wild and free in the life of the individual is to be self-employed, starting your own business.
I notice that the costs of the study of a MBA (Master of Business Administration) can range from $30K (£20K) to $120K (£90K) depending upon the institution, this including tuition fees and accommodation for a 12+ month course. If such people are willing to sacrifice so much money and time to study what is only theory (knowledge) for business, would they be better off avoiding the study and starting a business with that money and time? In running a business one gets the wisdom through the experiential doing, which theory or books can never match. Getting your hands dirty through the dong is the best way to proceed in business, the MBA is a waste of resources in my opinion.
Everyone has a talent or idea, often all they lack is the investment, which is a great shame since nations are built on the back of such people. I know a craftsman who is talented at creating bespoke jewellery, rather than put money in someone else’s pocket he is self-employed so that his talent puts money in his own pocket. People can even run a business on a small-scale against regular employment, just to learn the ropes until they are confident to go it alone.
As well as direct wisdom through the doing, there is great liberty to making your own decisions with no master but customers directing your activities. There are no upper limits to what can be earned, unlike regular employment which sets a limit via salary. The money earned after expenses and tax is yours to do with what you like. With money you have influence to create greater ripples of change into the world through your activities.
Running a business is a creative process. Believe me when I say that every day new challenges and opportunities hit me as I run my business, requiring me to apply creative techniques to seize or overcome them.
Everyone can even in small part initiate additional income streams by using their skills and ideas to make money, even if it is only to open a trading account on eBay to sell excess junk they have in the home. The more self-reliant and independent you are the greater is your personal prosperity. Give it a go.