Ready To Do It On Your Own?

Whether you have been working for a corporate company for years, or working for a small business for a short time, have been working freelance for different companies for as long as you can remember, or run a business with a friend or family member, there is one thing in common with all of these types of employment: hard work and dedication is involved. Working for a corporate company can involve lots of paperwork and seemingly never ending statistics and data analysis, while working for a small business can involve doing a mix of jobs which were not necessarily made clear you would be doing when you were initially employed and can range from administration to social media marketing to meeting with clients to reception duty. If you work freelance, you will be used to working all different kinds of hours and working hard to fit your work around your personal life in order to meet deadlines and workloads; and if you run a business with a friend or family member you could be used to swapping ideas, taking on different managerial roles, seeking out advice from your business partner and having someone there to help finance anything which needs to be paid for.

Working for and with other people can sometimes be tedious if a person feels that they are not being appreciated, their time in the job has become dated and unfulfilling, their wage simply is not allowing them to live a life which fits with their needs, or if they have an idea for a business which they are passionate about and find themselves thinking about when they are working in their current job role. There comes a time in life when everyone needs to move on from a job, and while some people go ahead and leave a job to fulfil their needs or accomplish their dreams, other people may feel they want to leave a job but do not have the drive, determination or extra finances available to do so.

If you have a business idea, and decide to leave your job and go through with your dream, you could be surprised at how much calmer and happier you may end up being. However, before making a snap decision, you will need to think about all the aspects of starting your own business which may affect all details of your life. Of course, if you are already running a business with a partner then you will be aware of what it is that you have to do in order to achieve your dream. But, this time you will be on your own so it is still important that you are aware of the different essentials you will need to put into place, do research on and put into place. If you have not yet run your own business, then you will really need to assess your current situation and think properly about what aspects you will need. For example, are you going to work from your home until your business completely takes off? Are you going to set up a website on your own or are you going to employ an agency or a freelancer to set up one for you? How many employees do you need? And, how much do you need to save or how much do you need to earn from your business to keep you afloat and sustained until the big profits come in?

Lots of early start-ups begin from home, and while this may not necessarily be the best situation for some people, it is essential that you save early and easy costs such as immediately moving into an office space elsewhere. If you have a spare room, you could use that as your office or if the house is quiet during the day is everyone is out at work or the children are at school, set up a space for yourself on the kitchen table, in the basement, in the garage, or absolutely anywhere where there is a comfortable space for you to work in.

Setting up a website is a clearly vital asset to any business. Consumers, customers and clients are now more likely than ever to research your business online rather than approaching you to speak about your business face to face. Your website must be slick, accessible, easy to use and it needs to clearly outline what your business is about and what it offers. It can also help to have an ‘About Us’ page – or something similar – which allows copy to be written in a personal and characteristic manner. Some businesses actually make more profit through their website than they do with hard sales, is a website is a must for a new business. Incorporating social media use into the website and business is also a positive aspect to own, as it allows a different kind of medium to interact and engage with customers.

As your business grows, you may find that you need to hire employees. It may have been just you working on your business for a while, so when you do begin to hire make sure that the right person (or people) are put into place. Do not rush into making a decision, as essentially you will be paying these people to help you and your business – your lifeline, dream, and goal.

If you have sufficient savings, then you could go ahead and hand in your notice and begin on your new business. A decent amount of savings will allow you to live comfortably for a while, until your business begins to rake in the profits. However, be careful with how much you spend on your business as you will also still need to buy daily essentials, such as groceries, and will still need to pay the bills. If you feel you have not got suitable savings, then perhaps you may need to bide your time at your current job and save monthly. This way, when starting your business, you won’t be struggling for cash.

Funeral Fundraising: The Facts

The cost of a loved one is not just an emotional one, but it can be a financial burden that you can have major struggles with too. While many people have life insurance in place due to the lifestyle they lead or have already paid for their funeral costs if they were suffering from a disease, if these measures haven’t been put in place, the costs of a funeral can be difficult to amass. There are options available to you in the financial sense to give your loved one the send-off they deserve.

The costs usually come from the deceased’s estate if there is enough money, but if you need to pay for the funeral and it puts you out of pocket, you could reclaim it from the estate afterward. However, you would need to check with the estate executor to see if the money can be recovered. If there is no financial help to pay for the funeral at all, the local council or hospital might be able to arrange one, which tends to be a cremation. There are downsides to this, you are unable to choose the service date, and the length of the ceremony is a short one. So it is best to try and pay for it if possible so you can make it as best a service as possible.   

There are different ways to earn the money you need. In the age of social media, there are, surprisingly, many ways to help raise money. You could start a Kickstarter campaign or a GoFundMe one, which has been done before, and it is possible to raise the money needed in a short space of time, especially if you are hoping to go through the process as quickly as possible. You would be very surprised how charitable people are in these situations, which is always a blessing. Another option to you, if the deceased suffered a wrongful death, is that you may wish to go down the legal proceedings route and acquire the services of a personal injury attorney to help get compensation from the responsible party or parties. Of course, you may feel that by getting compensation is a manner of apology from those responsible, but it’s a personal matter for you to think about if you are struggling to find ways to pay the funeral expenses and wish to get the matter completed.

If you are a relative of the deceased, you may want to try asking the bank to allow the funds in the deceased’s account to cover the funeral costs. But the account may be frozen, and it can be a complex process for the bank to identify if there is any fraudulent activity, even if you have authorized access to the account. You would need to have ID and a copy of the death certificate in any instance, and this may only be successful if there is no will in place. It can be a stressful time to get everything arranged after someone dies, but there are methods in place to help you.

What Does It Take to Be in the 1%?

Money is something that is on everyone’s mind, but it takes a special type of motivation to want to become part of the one percent, but what exactly does that entail? According to, the one percent is a group of wealthy individuals with wealth that far exceeds anything that most common people could ever hope to lay eyes upon let alone achieve. People are constantly talking about how there’s a massive difference of income between the ultra-wealthy and the poor, but how big is that difference?

Defining Ultra-Wealthy

There are currently over 200,000 people in the world that count as ultra-wealthy. This means that they have at least $30 million in assets across their businesses and personal items. These people make up roughly 0.0004% of the world’s adult population, but despite being such a small group of people they make up around 15% of the world’s entire wealth. The gap doesn’t stop there either. The richest 50 people in the world have a combined total of almost $2 trillion which means they control roughly 50% of the world’s wealth. That’s less than 0.000001% of the world’s population in terms of people, yet they control 50% of the world’s wealth. The remaining 99.999999% of the world controls the remaining 50%. Talk about imbalanced!

And let’s not forget about the things these ultra-wealthy individuals are capable of. Many of them love to buy fancy cars, live in luxury mansions and have a range of expensive hobbies such as sailing yachts and shopping at the most expensive stores. And we’re not talking about having just a single car, a dozen cars or even a handful of personal boats. We’re not even talking about just owning a single mansion either, or even a dozen houses.

The ultra-wealthy indulge in things that are beyond comprehension for most common people. They have dozens of mansions, they own islands, they own boats and ships in several oceans, they have private jets fly them from location to location and they probably own their very own line of clothing, charity or cosmetic brand. Just take a look at this list of millionaires who own islands by They could bathe in the world’s most expensive wines if they wanted to, and they could probably donate a new car to everyone they know and still have more money than they know what to do with. This is what it means to be ultra-wealthy, to have more money than you can even handle.

You Don’t Get Rich Quick

Unless being born into a wealthy family counts as getting rich quick, there’s no easy road to becoming part of the one percent of the world, let alone the 0.000001% of the world. Inheritance does play a large part in many people’s wealth, but research has shown that roughly 18% of the ultra-wealthy are rich purely because of inheritance. Over 60% are self-made businessmen and entrepreneurs such as Bill Gates, the American businessman who co-founded Microsoft, and the rest is a combination of inheritance plus their own methods.

What this tells us is that you don’t have to be born into a wealthy family to succeed in business. In fact, there are many factors that determine how successful you be, and it’s not always about making money. For instance, Amazon established itself as an online retailing juggernaut through sheer profit investment. Every penny that Amazon was invested back into the business instead of being handed out in bonuses to the employees. This gave Amazon the funds they needed to expand as quickly as they could to secure themselves as the online retailer that sold almost everything in such a short timespan. Because of this, investors poured money into the business and they are sitting on very expensive shares now thanks to Amazon’s tenacity and global dominance.

There are far too many get rich quick schemes on the internet and all of them are completely bogus, such as these ones on There is no way to get rich quick unless you win the lottery, and even then that temporary wealth is completely useless if you don’t understand how to re-invest that wealth and create a sustainable lifestyle. This is what sets apart the lucky and the tenacious, the ability to not only create wealth but to continue creating wealth so that their entire family can live comfortably for several generations down the line.

You Have to Own a Business

It doesn’t make sense to be ultra-wealthy and not own a business. After all, how can you have wealth if you aren’t making money? Even if you win the lottery and you’re suddenly sitting on millions, that might signify temporary wealth but unless you know how to continue making money, that money isn’t going to last as long as you might think. As mentioned before, the key word is sustainability. You can buy fancy cars and an expensive house, but how are you going to sustain living that kind of lifestyle if you aren’t getting income that can support it? You don’t buy a house if you work a part time job because you simply can’t afford it, and you wouldn’t buy a helicopter if you couldn’t pay for repairs, fuel and learning how to pilot it in addition to getting all the required licenses and a helipad.

If your business is making a lot of money, then you’re allowed to make luxury purchases without feeling bad because you can simply make that money back. After paying your taxes and bills, you can buy whatever you like because you have the excess funds to do so. If you aren’t making money, then you aren’t sustaining that lifestyle and you will eventually go broke. This is why everyone who is part of that one percent has some kind of business. Be they a singer, an artist or a software designer, they have unimaginable wealth because they have a thriving business that is making them money.

Simply owning a business doesn’t count either. Owning a bakery isn’t going to make you rich unless you own a massive chain of bakeries across the world. Your business needs to be relied on by many people around the world so that you are easily recognised and indispensable to people. You have to provide them with a product or service that they can’t possibly live without and you have to integrate yourself into modern society as deeply as you can. Take Google for example. We use Android phones, we use Google search, we use Google Mail, we use Google Fiber and almost everyone uses Google Maps. With so many everyday essentials under a single brand, it’s no wonder that Google has overtaken Apple as the planet’s wealthiest business.

If you’re interested in businesses that can make you extreme amounts of wealth, you can get advice from There are many articles on the internet that spout nonsense such as getting rich from doing silly jobs or working at home freelancing and although they can make you a comfortable living, they are far from the types of jobs or careers that the ultra-wealthy have. The rich have businesses in fields like oil and energy, global retailing, fashion and technology. Whatever the business is, you can be sure that these rich individuals have a tight hold on these industries and that they are a globally recognised brand that can’t be taken down easily. They completely dominate their markets and it’s incredibly tough to challenge their position. They expand quickly, they know how to target their demographic, and they have the funds to promote their products better than anyone else.

The Will to Succeed

People often confuse having willpower with passion. Passion ultimately doesn’t get you anywhere. You can be passionate about what you love doing and it might give you an upper hand on someone that doesn’t have passion, but that doesn’t exactly mean you can make money from it. Passion helps, but willpower will be the driving force behind your ability to be successful and make it into the one percent of the world’s population.

Something about entrepreneurs that people don’t quite understand is that they have failed many times before. Entrepreneurs such as Richard Branson of Virgin failed many times when they were younger, and it’s from those failures that they are able to help themselves. People need to fail in order to understand what they did wrong. Of course, it’s arguable that you can read advice such as this article or ask a successful entrepreneur for tips and tricks that can help you succeed, but there’s another part to this that many don’t realise; experience.

Failing over and over again gives you experience, but it also strengthens your resolve and your will to succeed. Your first business idea might be something that you are truly passionate about, but that doesn’t mean it’s an idea that will work. You might have an idea that the world isn’t ready for, or you might have an idea cooking in your mind that isn’t ready to be taken out of the oven yet. You might also have personal reasons for wanting to obtain a vast amount of wealth, but that doesn’t mean those reasons are sound and valid. You need to spend a lot of time reflecting on your actions and learning about yourself in order to become ultra-wealthy, and it takes a lot of willpower in order to achieve becoming part of that illustrious one percent of the world.