Sunday, April 16, 2017
Entrepreneurship is not for everyone. However, if your dream is to create freedom while building financial stability, entrepreneurship can open doors that most people won’t walk through.
There are those reading this that have a day job but long for a business that supports them. There are some who already are building a business on the side, and there are those who will make the transition in 2015.
Wherever you are in the process, there are six “musts” you need before you make the leap into this crazy world of entrepreneurship. If you make the move without being ready, you risk turning the dream into a nightmare. Use these six “musts” to transition out of your day job into a business that you love by the end of this year.
Thursday, April 6, 2017
Making a million dollars in revenue is hard. Making a million dollars in profit is even harder.
Every entrepreneur dreams of reaching his or her first million dollars in profit. I was no different when I started my first business with only a few dollars to my name. You often hear people talk about how high their revenue is. To me, that’s just a vanity metric. There is no point starting a business if it is not sustainably profitable.
Here is a list of nine factors that helped me reach my first million in profit -- I hope they can help you reach this milestone as well.
Saturday, April 1, 2017
If you’re like most entrepreneurs, odds are your friends ask you a lot more questions about your job than your buddy Bob who works in accounting at an insurance company. Through my zero years of experience as a licensed psychologist, I believe there are two reasons for this.
First, unlike a regular job, there’s no way your friends can figure out how much money you earn. And, yes, they want to know. People are curious and gossipy creatures. Unlike most professions, entrepreneurs have no real salary range. Or, if they do, that range is somewhere between $0 and $10 trillion per year. So your nosey friend is going to keep asking you questions until he gets his answer.
Second, and probably more nobly, your friends are asking you a lot of questions likely because they often fantasize about starting their own company but were never brave enough to do it. So they want to live vicariously through you. I’m more OK with this reason.