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So many entrepreneurs are searching for the next big idea in the United States or in Australia or wherever they live. And of course, there is never a shortage of business ideas or business opportunities anywhere in the world, people are constantly inventing new things.
But there is something I have noticed and have always passed on as a solid advice since day one of Nomad Capitalist; if you are willing to do what other people aren’t doing, then you will get results that other people won’t ever get.
6 years ago, while on a trip to Laos, I spent a majority of my time in Southeast Asia, not living in Bangkok or in Kuala Lumpur but instead I visited the markets that no one was talking about, just to see where the real opportunities were and what I discovered and still believe till this day is that if you are open to take the rare risks, you will springboard to success.
There was a gentleman who opened a tiny ice-cream parlor in Cambodia not that long ago and because no other ice-cream shop in Cambodia could rival him, he rapidly built a household name that still thrives to this day. With millions and millions of dollars in revenue, he is dominating the ice-cream game.
The point is there are so many business opportunities around the world that are so easy and simple to start with little to no capital and also the power of the first mover advantage cannot be competed with.
I visit a place like China, only to find out that some of the richest people there got their big break from something that was so simple and easy. The possibility of these people rolling in so much cash won’t even cross your mind but they actually are because they were brave enough to do something that no one else wanted or cared enough to try.
Most people who are living it up comfortably in Los Angeles will easily frown at the idea of moving to a place like Namibia or Myanmar or Bolivia, however, if you are willing to take that risk, there are business opportunities that have long been developed and have long been highly competitive where you are from that you can take over there, plug in and take complete advantage of.
More importantly you will require less capital to startup the business compared to starting it where you are from, you can also hire locals at a much cheaper rate and if you are lucky to be in a place with flexible government, you will cover much ground.
If you take up this idea of going to do something that no one else will do, I think your probability of success will go through the roof!
My advice to every young, aspiring entrepreneur out there is this; If you have some proper insight on how to run a business, if you can come in and take the right steps, I think you have got a better chance opening up a ice-cream shop in Mongolia than you do at some random agency in Los Angeles.
My team and I enjoy helping people who are not just fun to work with but are also very committed and hardworking. We pursue relationships with serious minded entrepreneurs who are desperate to break free from the vicious cycle of not thinking outside the box; so if you think you have what it takes to embody the Nomad Capitalist lifestyle, get in touch with us today! We are experts in the field of legal tax reduction, going offshore, wealth preservation, international real estate investment and a ton of other services that cater to hardworking, aspiring entrepreneurs.
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DISCLAIMER: The information in this video should not be considered tax, financial, investment, or any kind of professional advice. Only a professional diagnosis of your specific situation can determine which strategies are appropriate for your needs. Nomad Capitalist can and does not provide advice unless/until engaged by you.