START YOUR OWN BUSINESS$8,000 per year after taxes and they saved $6,000. They did this for five
years until at last they had the $30,000 they needed to buy the bakery.
Today, they own a chain of bakeries. They live in a beautiful home. Their
children are in top universities and they are financially independent.
selF-MADe MIllIonAIResFully 74% of all self-made millionaires in America today got there by
starting and building their own successful businesses. And here is an
important point. Not one of these people had ever owned a business
before they started. They came up with an idea to produce a product or
service better than someone else and then started right where they were.
This is the story of virtually all business success in America.
You do not need to have experience in entrepreneurship. Most people
who start businesses have none. You do not need a lot of money. Most
people start on their kitchen tables, or working out of their garages. You
simply need to learn everything that is necessary and then apply it to
your work as you go along. And what hundreds of thousands, and even
millions, of other people have done, you can do as well.
Perhaps the best motto for small business success is the Michael Jordan
advertisement for Nike running shoes, “Just Do It!”
Confucius said, “A journey of a thousand leagues begins with a single step.”
stARt WheRe YoU AReWhat does it take to start your own business in America? Absolutely
nothing. You can start your own sole proprietorship, and name it after
yourself, “John Jones Enterprises” right where you are, right now. If you
use your own name, you don’t even have to register it. You can decide,
this very minute, reading these words, that you are going to start your
own business. You do not need permission or approval from anyone.
Having selected the name for your business, you are ready to take ac-
tion. You can now stop at your nearby bank, and open a bank account in
the name of your company. As a sole proprietorship named after your-
self, you can use your social security number for tax purposes. You can
make a minimum deposit, order checks, and you are on your way.