Principle simply mean the fundamental truth or proposition that serves as the foundation for a system of belief or behaviour or for a chain reasoning. It is the key of a subject to sustain, growth and evolve, thus as an entrepreneur, profound principle will hold important key to success.
The following are the 7 key principle of entrepreneurship:
- Identify what type of income you are dealing with - earned income, passive income or portfolio income.
- Effectively turn earned income (50% income) to passive and portfolio income.
- Only purchase positive return investment.
- Let your mind become your own greater assets than liability - " it is the investor that matter in every investment deal. An idiot will still an idiot doesn't matter what investment he or she into."
- Learn to trust when a great investment opportunity come, the fund will be right behind it.
- Do not predict or prognosticate, instead to be always prepared for whatever might come across with.
- Learn to weight between "rewards" and "risks"
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