With his knowledge and contacts, he was able to design an industrial pump for which he knew there were lucrative markets. His fledgling operation reached profitability shortly after its fifth month. Another case revolves around a young merchandising executive. He developed a line of dietary desserts and sold them through retail outlets in his area. According to him, his key to success was total belief in his concept.
Some people approach new ventures with buying and selling in mind from the beginning.
Obviously, doing this requires an appropriate financial position and the knowledge of a particular area, or, at the very least, a willingness to learn. Real estate investing has become an increasingly sophisticated field. Active investors have earned millions, but there are no guarantees, and the risk can be high. The field has been expanding at a rapid rate during the past decade. Part of the reason for this is that the knowledge business as a whole has been booming.