It’s obvious right? Build, make and sell stuff to people who are willing to pay for it, and profits will be so plentiful they will clog your mattresses, bank accounts and wherever else you hide your money. But how do you find the killer idea?
If you set your sights on being a destination entrepreneur, one thing is virtually guaranteed. You will eventually be asked for a bribe… and probably lots of them. Bribes come in all shapes and sizes, but the way you handle them could be the difference between success and failure.
Everyone wants to be a billionaire, but Zimbabwe took it a little far. By 2009, every single resident was a multi-trillionaire. In fact, by the summer of 2008 there was a single bank note worth 100,000,000,000,000 Zimbabwean dollars (100 trillion). It was initially equivalent to about $300 USD, but quickly became worthless. Thankfully, the kind of currency destruction that Zimbabwe experienced isn’t a common event. Still, currency matters, and you need to care about it if you intend to be a success …
Many countries have incredibly bizarre laws that can be ignored. Other laws are so irrelevant that they are most likely never enforced. However, there are some laws you definitely need to be aware of – and this is where a little bit of research goes a long way.