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Tips - March 30, 2022

3 Strategies to Go from Broke to Billions

It’s doesn’t matter if you’re broke; what’s important is that you’re on the path to making billions. 

When a person acquires such an unfathomable fortune, it piques the curiosity of our global population, the majority of whom are mired in poverty.

We live in a world where your financial status determines whether you are a victim or a champion of our capitalistic society.

And believe, it’s all on you to be the champion. Let’s dive into the three strategies the top 20% have used to go from broke to raking in billions.

Create something that brings a lot of value to the world

Today, as it has been throughout recorded history, becoming wealthy means creating and providing a large quantity of value to the world. Many of the wealthiest and most successful people have contributed the most value. That is how true riches are obtained. Find a way to contribute a tremendous quantity of value to the world. This is not a short-term plan. This will take some time.

Amazon was founded in 1994 by multi-billionaire Jeff Bezos, but it wasn’t until 1998, a year after Amazon went public, that Bezos became a billionaire.

Create an Irresistible Consumable Product

The World Bank reports that Africa’s food industry could be worth $1 trillion by 2030. KFC’s multinational fast-food franchise remains the most dominant across Africa. But its counterparts, like Nigeria’s Chicken Republic and South Africa’s Nando, are shaping to become worthy contenders.

You can become a billionaire if you create a unique consumable product that people can love.

Become a Service Provider in High Growth Industry

You can toe the line of Airbnb and build a rockstar company from an obscure industry beaming with potential. Leading startups in Africa’s Software as a Service (SaaS) industry have raised hundreds of millions. They are laying the foundation for the continent’s SaaS industry to reach its full potential. 

You create a SaaS business around the everyday challenges of people or companies. The profit potential in Africa is undeniable. 

Next:

Business Ideas that Can Make You a Billionaire in Africa in 2022

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