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One of the most often asked questions by people new to businessis *exactly, how do you become an Entrepreneur ?* To be honest,it's one of the first questions I asked when I started in business, more than 10 years ago. The problem is, the morepeople you ask, the more confusing it becomes. Everyone hasa different view. Are you born an Entrepreneur?The answer to that is definately not. It's a skill that can belearned, just like riding a bike, but if you don't learn itcorrectly, true wealth will be outside your grasp, forever!To fully understand the concept of entrepreneurship, you firstneed to know it's place on the ladder of success.There are basically 5 levels of Entrepreneurs and you need toknow where you're at right now before you can start jumping tothe next level. Level 0 is an *employee.* It's not really alevel at all - hence Level 0 - but if this is where you are, atthe moment, you need to use this time to build knowledge andbuild capital. Try not to become a specialist. Remember,specialists become obsolete! Rather, try to become a*Generalist.* Look at it this way. If you are in the Army, whomakes the ultimate decisions? The General ! Not the infantryman,not the tankie, not the Medic, but the General. Generalistsemploy specialists! Level 1 is the self-employed person. This is really where mostpeople start to climb the ladder. It's also where many peoplestay, mistakenly thinking they are now an Entrepreneur! The factis, it's easy for self-employed people to become bigger andbigger specialists. You need to use this level as a startingpoint only and rapidly move on to the next level. Level 2 is a*Manager.* You need to start developing a commercial businessthat works when *you* are not there. You need to start buildingpassive income because a paycheck existance will never lead totrue wealth. In other words, start to work *on* your businessand not *in* your business. There's a very distinctive andsubtle difference! In the above 3 levels, you either earn or make money. At level3, you become an Owner/Leader. You're now starting to ask -*What's my Profit?* There are basically 2 rules to being anowner/leader. Rule 1 - employ people that are better than you.This may sound silly, but you need to build a team ofspecialists around you. Remember, you have to be the General.Rule 2 - Build *systems* into your business. Without systems,you'll be tied to your business 24 hours a day - you will be theonly one who can operate it. If I asked you *does McDonalds makethe best hamburgers in the world?* what would you say? Most ofyou would answer no, but if I asked you *who sells the mosthamburgers in the world?* The answer is systems - systems! Youmust have systems in place that anyone can operate. When you reach level 4, you're now an Investor. Your interestsnow extend above profits. You now want to know your Return onInvestment or ROI. At this level, your ROI comes from buyingbusinesses, building them up and selling them. Ideally, youshould be buying a business performing to 25% of capacity andyou sell when they are performing to 70% capacity. If you wantto know the *7 Rules to Buying a Business,* just email me at