- Joined
- Oct 30, 2022
- Messages
- 13
I've leveraged my country's 'crisis' into a profitable business.
I'm from Sri lanka and in the past 5-7 months we've had a huge economical crisis, inflation rates became the highest in Asia, fuel lines in petrol stations sometimes more than 2km long, constant powercuts and costly products everywhere. This crisis made me think... how can I use this to my advantage while still helping out the people of my country? After a week or so of planning i figured it out! I took out a small loan to buy a handful of electrical bikes in bulk from a supplier, and because of the high demand I did some marketing and I made more than double of the amount I invested into my business in less than 2 months, this worked well however the situation in my country has stabilized, so the bikes have gone out of demand and with recent school events and exams I have, i've had to put a pause on my entrepreneurial adventures.
The Millionaire fastlane was one of the books that gave me an actual idea on how to run a proper business and I hope to discuss it and read more books, I live with my mom and sister so we aren't very fortunate but we're handling alright. I hope to give my mother a better life because she has sacrificed so much for me.
I am 14 years old and I will build an empire!
@MJ DeMarco
I'm from Sri lanka and in the past 5-7 months we've had a huge economical crisis, inflation rates became the highest in Asia, fuel lines in petrol stations sometimes more than 2km long, constant powercuts and costly products everywhere. This crisis made me think... how can I use this to my advantage while still helping out the people of my country? After a week or so of planning i figured it out! I took out a small loan to buy a handful of electrical bikes in bulk from a supplier, and because of the high demand I did some marketing and I made more than double of the amount I invested into my business in less than 2 months, this worked well however the situation in my country has stabilized, so the bikes have gone out of demand and with recent school events and exams I have, i've had to put a pause on my entrepreneurial adventures.
The Millionaire fastlane was one of the books that gave me an actual idea on how to run a proper business and I hope to discuss it and read more books, I live with my mom and sister so we aren't very fortunate but we're handling alright. I hope to give my mother a better life because she has sacrificed so much for me.
I am 14 years old and I will build an empire!
@MJ DeMarco
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