Entrepreneurs are often challenged by a lot of financial risks in order to attain their business goals. To achieve this, entrepreneurs must have in-depth knowledge on how to organize, direct, and manage their company’s available resources. Entrepreneurs are also known as business leaders and innovators of new ideas. There are a lot of different types of business to choose from. Whether it’s a franchise, online retail or B2B, doing market research is a crucial aspect to consider before establishing any type of business. Entrepreneurs have to secure the financial resources before establishing a business. Some of the funding sources may include savings, lending institutions, and potential investors. Bringing a business partner can help raising funds. When putting up a business, target market should be carefully determined and factors such as geographic location, demographic, psychographic, behavioral and product. Some entrepreneurs prefer niche markets that are not served in their chosen industry. Create a marketing strategy that will be useful for the benefit of the business. Entrepreneurs need to be continuously innovative in order to attract more clients thereby resulting to increased return on investments (ROI). Expanding the business will never complete without building a team of trusted lawyers, tax accountant, and an insurance advisor that will support the need of a company. Notable entrepreneurs that made an impact in the industry include Theo Albrecht, Hans Riegel, Gunter Herz, Eduardo Saverin, and Jack Ma. Let’s take a peek at the successful names who are currently included in our list of richest entrepreneurs.
|$14.9 Billion||-||United kingdom|
Sara Mota de Larrea
Sri Prakash Lohia
Gianfelice Mario Rocca
|$3 Billion||-||United states|
|$2.5 Billion||90||United states|