What are the best business opportunities with the highest return on investment? Which business opportunity has the potential for rapid growth? Which business opportunity has the potential to help me become a billionaire like Bill Gates, Larry Ellison or Warren Buffett? If any of these questions best describe your thoughts, then please read on.
Most aspiring entrepreneurs are usually confused when it comes to starting a business because they can’t figure out the best business opportunity to invest in. Just recently, I got an email from a reader on this business blog and this was the reader’s message.
“Respected Sir, how are you? This is (name withheld) from London, United Kingdom. Now I am doing MBA and ACA as well. Sir, I am very interested in business but I am very confused about the field. Which field is more suitable for business, for growth? Would you like to suggest me something? Thanking you.”
I receive such emails on a daily basis so I decided to do a piece in reply to this email. What’s the best business opportunity with the highest returns on investment? Well, you are going to find out soon.
In this article, I am going to explain in detail the best business opportunity and how to find such opportunities. If you are an aspiring entrepreneur or an employee with a strong desire to start a business? If you are looking for a business opportunity that will help you make a million dollars or become a millionaire, then please read on because this article is for you.
What are the Best Investment Opportunities with the Highest Returns?
Over the years of my life as an investor, one of the most popular questions i often receive is this: “What is the best investment opportunity for an investing beginner.” To be sincere with you, i don’t think there’s a definite answer to this question.
The real estate investors claim real estate is the best investment with the highest return on investment in the long run; while the stock traders argue in the favor of stocks because of its short pay back period. In fact, the truth is that there are so many investment products craving for attention. Some of the most popular are:
- High yield investments
- Mutual Funds
- Hedge Funds
- Real Estate
- Precious Metals
Well, before I reveal to you the best business opportunity of the moment; I want you to take a careful look at the list below.
1. 1900 – Andrew Carnegie made his money from steel – $475 million
2. 1910 – John D. Rockefeller became a billionaire in oil – $1.4 billion
3. 1920 – Henry Ford became a billionaire in the auto industry – $1 billion
4. 1940 – Howard Hughes became a billionaire with military aircrafts, contract, tools and movies – $1.5billion
5. 1957 – J. Paul Getty became a billionaire in oil – $1 billion
6. 1962 – Henry Ross Perot became a billionaire with EDS – $3.8 billion
7. 1970 – Sam Walton took retailing giant Wal-Mart public and became a billionaire – $22 billion
8. 1980 – Ron Perelman made fortune as a Wall Street deal maker – $3.8 billion
9. 1990 – Jerry Yang founded Yahoo! – $3.7 billion
10. 2008 – Aliko Dangote became the richest black man in the world as a manufacturer – $3.3 billion
11. 2010 – Mark Zuckerberg became a billionaire with FaceBook.com – $6 billion
Some of the successful entrepreneurs mentioned in the list above were school drop out billionaires. Is this list exhausted, my answer is no. Oprah Winfrey became the richest black woman in the world with television show productions. J, K. Rowling joined the billionaires list with her book “Harry Potter Series.”
Debbi Field’s became a multi millionaire selling cookies; and Mary Kay Ash became a billionaire with her company “Mary Kay Cosmetics. Rupert Murdoch and Ted Turner became billionaires by running their own cable network channel company; “Fox Broadcasting Corporation” and “CNN” respectively. I will advice you read the article below to further understand the point I am trying to buttress.
The Best Investment Opportunities with the Highest Return on Investment
The best investment opportunity with the highest returns on investments is “Business Building.” Building a business from scratch is definitely the best investment opportunity ever; with the highest return on investment and i will tell you why.
“Wealth is only a benefit of the game of money. If you win, the money will be there.” – J. Paul Getty
“The richest people in the world build networks; everyone else is trained to look for work.” – Rich Dad
Do you know that playing the stock market did not make Warren Buffet and George Soros Rich? Building Berkshire Hathaway made Warren Buffett rich while George Soros rich by building Soros Quantum Fund.
Yes, Warren Buffett bought a business and used the business as leverage to invest in the stock market and also acquire other companies. Do you know that building Facebook alone made Mark Zuckerberg the youngest self made billionaire in the world within a space of five years?
“There are fast ideas and slow ideas, just as there are fast trains and slow trains. When it comes to money, most people are on the slow train looking out the window watching the fast train pass them by. If you want to become rich quickly, your plan must include fast ideas.” – Rich Dad
Now what makes ‘building a business’ the best investment opportunity? The following are the reasons why I chose business building as the best investment opportunity with the highest returns on investment.
Why Building a Business is the Best Investment Opportunity with the Highest Return on Investment
The initial start up for any business can be quite low with respect to its profit potential. You can start a business with anything you’ve got. In fact, there is no imposed or minimum small business startup requirement.
“Start small and dream big.” – Rich Dad
As a matter of fact, Bill Gates and Michael Dell started their business in the dormitory of their school. Google and Yahoo were also started in the Dorm while Amazon and Apple were started in the garage. I started my first business right from home. So number one goodie about building a business is the low entry capital.
“I started a business with nothing and my determination to make that business succeed made me drop out of college. Everybody thought I was crazy but the truth is; they can’t see what I see. I don’t need to convince them that I am on the right track, my bank account will.” – Ajaero Tony Martins
2. Moderate Risk involved
“Seek advice on risk from the wealthy who still take risks, not friends who dare nothing more than a football bet.” – J. Paul Getty
To be honest with you, building a business is the riskiest investment of all. Yet, i consider it an investment with the lowest risk because the risk can be curtailed if you really know what you are doing.
“Risk comes from not knowing what you are doing.” – Warren Buffett
3. Impressive risk to reward ratio
Despite the fact that the risk is moderately low, the reward is very high. When compared to other investment products, the risk to reward ratio is quite impressive.
4. Absolute control of investment
As an investor in the stock market, i sincerely don’t consider stocks a solid investment and the reason is because you have no control over them. Yes you have control over its buying and selling but you can’t influence its performance; you can’t control the cash flow of the company you invested in and you have no say in its business operations except you are a major shareholder. You can only play by its rules; that’s if there’s any.
“The more a person seeks security, the more that person gives up control over his life.” – Rich Dad
The reason i am emphasizing this point is because control is very essential if you want to be financially free. The more control you have over your investments, the more you strengthen your financial fortress. That is why the rich build businesses, buy business, fight for control in publicly traded companies and hide their wealth in real estates and trusts. The keyword here is “Control“; never forget that.
“In order to be a player on the fast track, you will need to have a plan on how to gain more and more control. On the fast track of business and investing, it’s control more than money that counts.” – Rich Dad
5. Building a business is challenging, exciting and involving
“A business has to be involving, it has to be fun and it has to exercise your creative instincts.” – Richard Branson
“The biggest challenge you have is to challenge your own self doubt and your laziness. It is your self doubt and your laziness that defines and limit who you are.” – Rich Dad
Building a business is challenging, exciting and involving. Most people invest their time and expertise building someone else business in return for a paycheck. They avoid investing in their own business because they are afraid of the challenges involved and that’s why they will never be rich.
“And obviously from our own personal point of view, the principal challenge is a personal challenge.” – Richard Branson
“Without the element of uncertainty, the bringing off of even, the greatest business triumph would be dull, routine and eminently unsatisfying.” – J. Paul Getty
One thing i love about business challenges is that they make you the entrepreneur financially smarter and stronger; only if you are willing to face them head on.
“Once you have made it, you will understand that any business is limited in the challenges it offers. You will want and need other games to play, so you will look for other ventures to hold your interest.” – J. Paul Getty
6. Infinite returns on investments
“Being first is more important to me. I have so much money. Whatever money is, it’s just a method of keeping score now. I mean, I certainly don’t need more money.” – Larry Ellison
Lastly, the most important reason that makes building a business the best investment opportunity is the high return on investments. Sometimes, the ROI you receive from a business is unmatched by any other investment.
Now what is the best business opportunity?
My answer to the question above is this: “The best business opportunity with the highest returns on investment does not exist.” Are you surprised? Please don’t be. I know you might be expecting me to make a list of businesses ranging from oil and gas to web based businesses. I am sorry to disappoint you because there is no stipulated best business opportunity with respect to the illustrations I cited above.
However, there’s a contradictory twist to my answer. I believe the best business opportunity exists but you have to create it or make it a reality yourself. Now what am I trying to stress? The point I am trying to stress is that becoming a successful entrepreneur does not depend on the business opportunity; it depends on you. So if you successfully go through the entrepreneurial process, you will find your own best business opportunity.
How to Find the Best Business Opportunities
Well, instead of telling you to start an oil and gas supply business or an internet business; I am going to reveal to you five criteria to creating your own best business opportunity. If you are still willing to learn, then below are five criteria to choosing, creating or finding your own best business opportunity.
The first key to successfully creating or finding the best business opportunity is you because building a successful business starts with you, the entrepreneur. Are you in the right mindset? Do you have what it takes to build a successful business?
I listed the entrepreneurial mindset here because it the fundamental key to starting, building and growing a business. The state of your mindset will determine how far you will go in the entrepreneurial process of building a business. Choosing the best business opportunity begins with you answering the following personal questions.
- What is your risk bearing capacity?
- Are you prepared to face business challenges?
- Are you prepared to handle business failures?
- What’s you perception towards making mistakes in business and life?
These are the type of questions you need to ask yourself before starting a business because these questions will reveal your mental preparedness for the entrepreneurial journey at hand. I definitely can’t explain in details how to develop your entrepreneurial mindset but I believe the following articles will help.
The startup capital you have access to, is another factor that will determine the best business opportunity for you. The best business opportunity for an entrepreneur with access to a $1,000 business startup capital will be quite different from that of an entrepreneur with a million dollars in startup capital.
The entrepreneur with a $1,000 startup capital may consider starting a blog while the entrepreneur with the million dollar capital will feel that starting an oil and gas distribution business or a manufacturing firm will be the best bet. So take note that your startup capital is a predominant factor when seeking the best business opportunity.
The competence of the business management team you have on board will determine the best business opportunity to pursue. If your business team has a track record of successes; then raising capital to pursue big projects will be a piece of cake. But if you are a solo entrepreneur, then your best business opportunity will be quite different.
If you have the right plan, coupled with the right team and the right mindset; then you can pursue mega projects. But an entrepreneur who lacks the orientation of the use of a business plan will just bootstrapped his or her business on a shoestring budget. The extensiveness of both your personal and business plan will determine the kind of business opportunity you will pursue.
Lastly, the best business opportunity varies from entrepreneur to entrepreneur based on the ideology of the entrepreneur and the prevailing circumstances. Your best business opportunity may differ from mine based on prevailing circumstances such as trend, your passion, hobby, skill, geographical terrain, demographics, psychographics, demand, supply, economic policy, etc.
The best business opportunity for someone in Nigeria or China will differ from that of someone in United States, Canada or India. And most importantly, I listed the “startup business ideas” last because it is the least important necessity to starting a business. Remember, the world is filled with brilliant, million dollar ideas but the world lack savvy entrepreneurs.
An average business idea with the right mindset, a strong business management team and the right business plan will outperform an excellent million dollar idea with a poor mindset and a weak management team.
So when analyzing a business opportunity, make sure you do your preliminary feasibility study. Also make sure that the right combinations are in place and when contemplating on the best business opportunity to take advantage of; take into consideration these five criterion and i will see you at the top.