How to be a capitalist without any capital

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How to be a capitalist without any capital

By Nitin Khulbe

People always think of making their wealth greater but don't know from where to start .In most cases building up a company takes much capital to be invest in it ,but Nathan Latka defines how to make wealth any capital.

 

How to be a capitalist without any capital:Four rules must break to get rich.

Nathan Latka who is the CEO of podcasts tells his story and secrets of being getting rich over time without any capital .

Is there a kid in your college who earns a big profit while studying and doing other courses? We always think of how they do it and asks them how to make money like them . Wealthy people's never  revealed their tricks and traits followed by them to make money but instead they sold you these four lies

.Focus on becoming expert at one thing

. Come up with a new remarkable idea

. Set up goals and work towards them 

. Give customers what they want

 Make your money Big.

Nathan at the age of 20 set up his company and started working .and continued to make his business bigger. By the age of 23 his company had an annual earnings of about $933k ,and hired 40 employees .When he was 25 ,the earnings have extended to $50million and have purchased 4 more companies . After then he continued to multiply his company .For many years his podcasts revenue came from sponsorships .  

One must have patience for making money .

"People overestimate the money they will make in one year but underestimate the money they can make in ten years".  - By Bill Gates

Rules one must follow to get rich.

Rule1: Don't focus on one thing

A single point of failure (SPOF) is a system that, “contains only one component to do a job … if that single component fails, there is no alternate one to take its place.” —PC Magazine

Focusing on one thing that we hear mostly from our professors and guardians,but this thing is completely wrong. Focusing on one thing creates a single point of failure if that single component fails there's no other choices. Big entrepreneurs don't focus on one thing they create different sources of income and focus on each.

Rule2: Copy your competitors 

“Good artists copy, great artists steal.” attributed to Pablo Picasso

Copying is considered to be a greatest stratigies to run a firm. Every company copies their competitors .

For example -Facebook had not any good features before , but as Snapchat releases their stories on Snapchat ,Facebook also launched Facebook stories and Instagram stories and copied every a to z features and make launched new feature.

 Rule3:Do not Setup goals

"Those who have goals rest after achieving it but those who don't keeps getting over it"

If you have a goal like it may be eating at your favorite restaurants for $1k or purchasing a private jet of $500M . You will stop after achieving it .don't make goals .

Goals kept you in a limit , always try to achieving over it .

Rule4:Sell pickaxes to gold miners 

The gold miners went west, hunting, searching, sweating, bleeding, killing, and dying just to make it out there. After they arrived they realized they needed pickaxes to mine more efficiently. Well, then others just traveled over on the paths already created to sell those pickaxes to the gold miners. They got rich without any of the risk, sweat, or bloodshed. In today’s world this translates to siphoning revenue from a hot market that others put the effort into building. So if you’re creating a tool for people to use on top of Facebook, you’re essentially capitalizing on the money Facebook has already spent by selling into the market they created. Pay attention to what’s blowing up today. If weekly food delivery is big, don’t try to compete with HelloFresh and Blue Apron. Rather, figure out the infrastructure that those businesses rely on and offer it to them. Food delivery companies need last-mile delivery from warehouse to consumers’ homes. I’ll help you discover your own pickax to sell to your local gold miners—the people going after the hot thing in your space, geography, or niche. When you do that, your business is much more likely to succeed because you’re piggybacking off of a giant.

For more information you can purchase the book How to be a capitalist without any capital from play store Appstore