COMPANY MANAGEMENT
With a few exceptions, the wealthy people come from the companies.
Self-employed entrepreneurs have the best chance of becoming financially rich.
Nevertheless, they carry a high risk. If they fail, they often lose everything.
Therefore, a good planning is of the utmost importance. Because most entrepreneurs fail in the first years though they started too blue-eyed. They underestimated the fixed costs, did not expect unexpected costs, acted without legal and tax advice, did not have sufficient market knowledge, no USP (= unique selling point), selected the wrong staff, made incorrect or inadequate salary agreements, did not develop a plan for times of crisis, let alone reserves formed for this.