Tips Being a billionaire -
People who recorded the fastest reached ten digit fortune is Jay Walker. The American inventor PriceLine travel websites has become a billionaire in 1999, only one year since the construction of the company.
According to Forbes quoted on Thursday (19/02/2015), rapid billionaire holds the status of the richest namely Gary Winnick, founder of the telecommunications company Global Crossing (1.5 years) and inventor GroupOn Eric Lefkofsky (2.5 years). Even Mark Zukerberg and Jeff Besos including slow to reach billionaire status. They've become a millionaire four years after starting their company.
You could say the chance is very small and dependent on profits. Calculated from a population of people who are more successful than others in the world. But that does not mean there is no way at all. In essence, you need to create great ideas to create something that meets the needs of most people.
So, what is the fastest way to achieve it? Today, those who started out there everywhere. Slack, a software company from San Francisco, has just reached US $ 180 million through funding. Now, the value has soared to US $ 1.1 billion in just two years.
If you could start one of the company's software-as-a-service (software as a service) -like Xero accounting firm or software company Atlassian - and expand it to have a turnover of US $ 50 million per year in the next two years, you should can see the reasons behind the increased value of revenue 40-fold.
One of Quora users suggested "find ways to advertise in sight. So the dominant player in the room with millions of users and exponential growth". In fact, Instagram obtain 1 billion after two years. Snapchat alleged to have US $ 3 billion offer after one year.
Assume you are just a little money when starting out, you have to form a team.
"Search and invite the most intelligent people who can you get-but not too much, and think carefully idea that could bring in money." Other Quora users to add suggestions.
The idea of the magnitude is: find a lot of attention; work in a well-known, can be produced with a relatively small team, so personal is interesting enough to garner media attention. You can develop within three to six months.
In the second year, your product is supposed to exist in the market and preferred. Continue to monitor his judgment, and take every opportunity that could bring in money. If everything goes according to plan, at the end of the second year of your income has to be worth around US $ 1 billion.
source: forbes.com
