In the ERA of Internet everyone heard at least once for an Online Business and people called Entrepreneurs! But actually what does that mean?
By default ” Entrepreneur” means a person who run a business or one who take the risk to invest in some kind of business to make a profits! Another folks would say that “Entrepreneur” is someone who exercises a venture to benefit an opportunity. On the other hand people would tell you that “Entrepreneur” is a person who evolved in someone with ideas how to help people and make money from that.
But all of that is by default! Actually the proper mean of the word “Entrepreneur” matters not so much at the new ages of internet and business evolution! Nowadays an ” ENTREPRENEUR” is a person that run a business with a risk of loss, but also implement stuff that comes out of the box and help him achieve the goals to wealthy living, to live the lifestyle that almost anyone pray for.
So let’s say you run that path to achieving wealth and the lifestyle you dreamed about! But than how could you recognize the Wealth? That means you need to know what is the definition of “Wealth” and how it’s categorized and only than you could get your point of view which one of the categories is what you want to achieve and to implement ideas how to? So let’s start first with the definition of “Wealth”!
Wealth definition and what wealth means to you?
Wealth is the abundance of valuable resources or valuable material possessions. This includes the core meaning as held in the originating old English word weal, which is from an Indo-European word stem. An individual, community, region or country that possesses an abundance of such possessions or resources to the benefit of the common good is known as wealthy.
The modern concept of wealth is of significance in all areas of economics, and clearly so for growth economics and development economics yet the meaning of wealth is context-dependent.
At the most general level, economists may define wealth as “anything of value” that captures both the subjective nature of the idea and the idea that it is not a fixed or static concept. Various definitions and concepts of wealth have been asserted by various individuals and in different contexts. Defining wealth can be a normative process with various ethical implications, since often wealth maximization is seen as a goal or is thought to be a normative principle of its own.
Wealth can be categorized into three principal categories:
-personal property, including homes or automobiles;
-monetary savings, such as the accumulation of past income;
-the capital wealth of income producing assets, including real estate, stocks, bonds, and businesses.
So let’s define you are a person searching for a way to achieve first and second categories of wealth, but you wonder how and from where to start! The answer is easy as 1, 2, 3, what I mean is you need to start from the third category to achieve the previous two categories of wealth!
One of the many reasons you are reading this post is that YOU are interested of a business opportunities and specially the online home based business!