Question 2:

You felt that the above retirement program may be very hard to achieve as your monthly income is not sufficient to contribute the required monthly investment installment.

So, you are opting for a creative approach to generate the retirement fund using the business and entrepreneurship approach. Utilizing the wealth magnification approach is seen as a more credible route.

The approach is as follows:

1. Identify a product and business opportunity.
2. Start a pilot business operation using the cheapest and simplest form.
3. Magnify business volume by opening more outlets or branches.
4. Magnify wealth using the Market earning multiple approach.
5. Target corporate listing within the next 5 – 10 years.
6. Estimate the target value of wealth that can be generated within the next 15 years.

Show your spreadsheet analysis. If you use time value of money in the opportunity analysis, will this approach still stand viable?