How to invest in yourself for the best returns

Julie Brownlee, Fsp Invest, 09 Feb. 2015

Tags: invest in yourself, start your own business, investing, business, personal finance, start my own business,

Many of us turn to the stock market for a way to grow our wealth. Whilst this is one way you can build wealth over time, maybe it’s time to start closer to home?

Have you thought about investing in yourself to build financial security for you and your family?

Read on to find out how…

Why investing in the stock market isn’t always your best bet

Investing in the stock market presents you with the opportunity to grow your money. But investing in the stock market comes with its risks.

Instead, you could opt to invest in yourself

One of the best ways to do this is to start your own business. Initially, this could be in addition to your current job.

Starting a successful business gives you an opportunity to make more money and be your own boss. And it gives you control over your future finances.

If you have an idea for a business, how can you take it further?

You need to do the following...

#1: Is your business idea viable?
There’s no point starting a business if there’s no market for it or it’s flawed from the start. So it’s essential you see if it’s viable and conduct thorough research into your market.

#2: Draft a business plan
If your business idea looks viable, you need to put a business plan together. This will give you direction on your business and how you’re going to get there. Plus if you need to raise funds for your business, this is essential.

#3: Give your business a name
This is an important aspect to consider. It should be memorable and effective at conveying what type of business it is.

#4: Get your business online
These days, your business must have an online presence, so look into domain names and register it. You can also create a Facebook page for your business.

Building a website can be costly if you opt for professionals to do it for you, but as long as you’re a bit computer savvy, you can use one of the many companies that allow you to build a site using their tools for a modest outlay.

If you want more information and inspiration for successfully starting your own business, go here.

So there you have it, how to invest in yourself for the best returns.

*********** Best seller *************

Gobsmacked! I watched my uncle’s worldly possessions drive away on the back of a truck…

I remember watching TV with my cousins on the couch when two men in blue overalls barged into my uncle’s house and took everything he owned.

I will never forget the stunned silence as my family stood there – helpless.

Find out why it was the most valuable financial lesson I ever learnt!


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