Tag Archives: The Big Idea

Profiting from Solving Problems

Income Creation, , , , , , ,

As a money coach, I frequently get asked the question, “What can I do to make some extra cash?” Currently, a lot of Jamaicans are admitting that they are suffering from the effects of the economic crunch, and that they are looking for simple and practical ideas to help them increase their earnings.

Some persons can effortlessly think of money-making ventures, and they are always seen selling some type of product or service to their peers. Most people, however, often find it difficult to envision themselves doing anything outside of their regular jobs to earn extra income.

The good news is that creating independent income is a money skill that you can acquire, just like budgeting or investing. Once you are determined to learn the steps required, you can eventually become quite efficient at the process of generating extra money whenever you need to. Continue reading Profiting from Solving Problems →

Profit From Problems

Income Creation, , , , ,

One of my favourite TV shows is The Big Idea with Donny Deutsch, an entrepreneurial programme broadcast on CNBC. In the light of the severe financial crisis bedeviling American businesses, Deutsch recently explained that he had to temporarily change the format of his show from showcasing entrepreneurship to discussing the economy.

There definitely are tremendous challenges now facing large and small enterprises. However, I wonder if Deutsch was completely correct in his declaration that the entrepreneurial spirit was forced to become dormant due to consumers’ lack of confidence and their consequent refusal to spend as customary.

It has been said that big opportunities are born in times when there are great challenges. The test of a true entrepreneur comes when he or she can ignore the prevailing darkness of despair, and focus on the light of possibility.

This is easier said than done, as it takes tremendous strength of mind to keep a positive outlook in the face of overwhelming negativity. Continue reading Profit From Problems →