My success blog part 1 -
The path from employee to a millionaire multiple business owning entrepreneur wasn't always easy.
While most people are working towards a long term career , I started by clocking time as a laborer traveling the UK buying scrap jewllery. I quickly decided I wasn’t quite cut out for the long drives up and down the country working the 9-to-6 lifestyle making another guy shit loads of money daily. It also meant getting up early, rushing to get ready, and in the car off to work. To put it mildly, it was a horror.
I began my first foray into entrepreneurship shortly after this period. It led to anxiety, nervousness an the thoughts of epic failure and a whole lot of other things. I got out of this mind set by convincing a good friend to join me on my journey I found him to be in a situation similar to mine and were dissatisfied with our jobs.
It was only much later that I was able to define the actions that would make my leap of faith a reality and bring me long hard success in which I desired. I will share as much as I can here in the hopes it can help others who are looking for more meaning in their career and life.
Never jump without a parachute-
You don't become an entrepreneur simply because you have an idea. That's just the first stage. You must prepare for entrepreneurship by researching your next moves.
The first jump is information. While you're nursing your idea, invest in gathering information, conducting feasibility studies and identifying resources that can help you articulate your plan. I made my first attempt based on my own assumptions. I'd stayed up late many nights, punching my calculator and making projections. I was confident it would work. But reality has a way of unraveling those dreams and showing them to be the figments they really are. I landed with negative thoughts,I found online resources helped a little. These relatively inexpensive resources enabled me to build a business plan that's tailored for me.
Your second jump is your day job. You might need to hold on to this anchor for a while longer than you want. Don't let go until you see some proof of success.
Your third jump is your savings. New businesses never turn out the way they look on paper. They usually require more funding than you anticipate. Regardless of whether you're able to secure outside funding, your own savings can serve as a cushion for you and your business.
Avoid heavy-interest loans.
No matter how badly you need money for your startup, avoid loans that will shackle you for the next 10 years. Some loans exert such steep interest rates that any first profits will be useless -- and may remain so for many years.
Don’t get so desperate to break out and do your thing that you skip doing your financial homework. Locate great funding ventures, and take loans only at reasonable rates. Apply for government-backed startup grants or appeal to family and friends in a position to help. Whatever you do, don't tie yourself down for the foreseeable future -- even if you're dead sure your business will be a gold mine.
Start in familiar territory.
This isn't a general rule, but it sure helped me. I'd gone off on a tangent for my 2nd company and started a upholstery cleaning company and again a sales like business. I made my second start because I realized my gold buying days was almost over.
My background in cleaning was not so great and I had no qualifications. As a genuine, hard working person this made people trust me and take a chance. Those new to a business often have the initial problem of convincing customers, partners and even top talent to trust them. Making a jump between vaguely related or unrelated industries may have side effects I personally had many mixed emotions.
The vision always is big in your mind, but baby steps never killed anyone. It's safer to start a business as a side gig with minimal financial investments. This allows you to test the waters.
Here's one example: Instead of paying for a custom website, take advantage of various free website builders. If you're like me, you might not have ready access to all the capital you need. Use your home address and employ your family in unspecialized roles. Baby steps help stabilize the boat.
Decide what works best for you and yields the greatest benefit. A friend of mine started an online business last year that makes and receives all payments online. After seeing this I immediately thought to me self wow i need an online world wide bussiness. Making money in your sleep is the main aim to success.
Looking for a mentor.
I love to mentor all ages of people and perhaps less experienced in life. Because when it comes to the business world, i have much to teach. I learned early on in life through the good and the bad. Also I'd say that good listeners have a better chance of doing well in their careers. Strangely enough, I don't like to listen ha.
Seek to listen and learn, but keep the spark with in you and that uniqueness which made you pursue your idea. Don't let people change your vision so much that you start missing your old 9-to-5, and you'll have what it takes to enjoy a successful transition into entrepreneurship.
I'll tell you all more on where I went in life after my cleaning company.
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