When you work for others you concentrate all your effort on it. You direct all you potentials towards making others rich and they pay you peanut
Why dint you make up Ur mind and start something,
Decide to make your rich

Nice!

How does one go about achieving this?

I sense an ad coming on . . .

2 start you achieve this you need some capital, some business that makes money e.g computer center in a student populated environs will bring in some dough, the best part is that you will employ people to make money for you,

Is capital all i need, or you just feel its the most important?

What is capital? What types do we have?

What if i have capital but no idea like most people on the NL Business section, will my business succeed?

What are my chances if i have capital and i copy a business around me or i get an idea from NL i like but know nothing about?

What is/are the ingredient(s) i need to make this transition smoothly and successfully?