How to start a hedge fund

Aspiring to be an investment manager, I often think about how to bring effect into my cause.
I've often wondered about how to start off in the business.
Perhaps I'd have to start with a fairly small amount of money, then build up from there.
I found out that the proper term for this sort of venture would be called a 'Hedge Fund'.

Having only touched online resources so far, I came to the conclusion that the best and most-used way to start a hedge fund is by boot-strapping, in other words, to start with your own money, or support from close family and friends.

Boot strapping has also been found to be one of the most reliable ways to start a business, since a new business has lots of risk, and often paying interest on a loan can become big draw down as time drags on, especially when no revenue is generated.

But we always have the story of 'gilt-edged' graduates e.g. Harvard or Wharton graduates who get funded for whatever project. However, that is another story.

Entrepreneur = Success?

Five Bad Reasons to Become an Entrepreneur -Forbes

The reasons, plus my comments:

1. Because you really need a job
Then look for one!

2. Because you want to work less
Look for the suitable work environment. Public service might just be it.

3. Because you are sick of working for someone
Learn to lead upward, else just leave that guy for somewhere else.

4. Because you want to become rich
People become rich not by entrepreneurship alone. Not all entrepreneurs are rich, nor do all succeed. Plus, those successful entrepreneurs have a passion for something, not just plain desire for riches. Anyone can want to be rich.

5. Because you want to become famous
Please. Seek the media. You don't have to be an entrepreneur if that's all you want.

The Right Focus

I recently saw this article on Forbes: Stop Trying to Get Rich!
One part of the article really made me think.
Here's an extract from the article:
"I strongly believe that fear is the ultimate prosperity killer. But while fear seems to have a hold on our hearts, far too many of us still have only money on our minds. You combine that toxic brew with a focus on "me" and not "we" and you have a generation of Americans with a serious identity problem."

There are three big words here:

1. Fear
2. Money
3. Me

 I don't think I have to explain them again. Basically it all points to focus. Those three words are obviously not the right thing to focus on.

Financial well-being does not come from the want for money.  Yes, we need money to survive; so let's just leave it at that. I believe that once we focus on the right things - enjoying our work, doing the job well, manage your financial life well, and plan ahead and be disciplined - money just comes. It's a by-product. Also, to be able to eat and drink enough everyday is a luxury in itself already.

So keep the right focus, don't fear, don't have only money in your head, and don't be selfish.