How to become a millionaire in one year

1

Go online. You can make your money actively or passively like web design or Adsense. An active online business requires prospecting, sales and follow-up. Adsense is passive because your only requirement is to put the proper codes on your website.

2

Start a business. It doesn’t matter what wealth book you consult, they all say that if you want to be a millionaire you have to own your own company. The easiest business to start is one that is online. This does not require a lot of upfront cash or loans such as a brick and morter business would. Most people start more than one business such as an online store, website design or a service. Another great idea is selling information. People pay for information and even if some of the information may be free, people don’t want to have to search for it and will pay to have it all in one place.

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How to be a millionaire by age 25

 

Facebook CEO Mark Zuckerberg © Paul Sakuma, AP

 

Each year, some Americans make their first million dollars before turning 25, including a few who are still in high school.

Among the traits they have in common are vision, smarts and determination.

A little luck never hurts.

Mark Zuckerberg

“Young people are just smarter,” Mark Zuckerberg, now 26, told a Stanford University audience in 2007. Three years earlier, Zuckerberg had helped launch the enterprise that came to be called Facebook and vaulted him into the ranks of the nation’s billionaires.

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Entrepreneur who lived on baked beans for three years set for £5million bonus windfall

Sharp: Nick Wheeler saw sales rise by a quarter to £98million at shirt maker Charles Tyrwhitt

 

Nick Wheeler saw sales rise by a quarter to £98m at Charles Tyrwhitt

Menswear entrepreneur Nick Wheeler has sewn up a bonus of more than £5million after his retail chain, Charles Tyrwhitt, made record profits.

Sales rose 25 per cent to £98million and profits five per cent to £7.6million in the year to last July, according to accounts just filed at Companies House. Most of the profits will go to Wheeler.

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The start-up that has online retail down to a tee

teemeup

Glenn Tan turned his back on a career as a charted accountant to indulge his passion for t-shirts. Designing them was easy but the entrepreneur had to start his own business to sell them. 

After struggling to get his product in stores, Tan launched Tee Me Up in November 2012. The online marketplace brings together 51 different labels, making it a one-stop shop for t-shirt junkies.

“I grew frustrated by how difficult it was to get my designs out to the public,” he admits.

“I didn’t have the money to spend on extensive marketing and retailers were hesitant to stock new brands. After contacting other labels, I found that many of them felt the same way.”

And so Tee Me Up was born.

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Uniform exchange scheme celebrates boost from Huddersfield launderette firm

Laundry deal for Uniform Exchange Project

Laundry deal for Uniform Exchange Project

IT started off as an idea inspired by a TV documentary on child poverty.

Today Kate France’s Uniform Exchange, which provides free school uniforms for poorer families, is going from strength to strength.

In the last 12 months alone she has help kit out 200 children across Huddersfield.

Local businesses, schools and families have been a big help, donating thousands of items of school clothing to the project.

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Winner of the Best Consumer VoIP

 

localphone

Localphone.com, the Sheffield based internet telephony firm launched by serial entrepreneur Paul Cusack, has been named winner of the Best Consumer VoIP provider at the Internet Telephony Services Providers’ Association Awards.

Paradise Street-based Localphone beat telecoms giant BT to the title.

Paul Cusak said: “I am extremely proud of this achievement and recognition.

“It wouldn’t have been possible without the help from all the Localphone employees who have worked so hard to make our service world class, so I’d like to offer my personal appreciation to them.

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