Now a days, being an entrepreneur seems like the cool thing to do, but what are some things you should have and know before being one? The goal of this post is to educate you on what are the things you need to consider before making the jump from employment into entrepreneurship.
Catch me in my live training events! (quick plug)
The heart of why I do this seminars is I want to build a generation of Filipinos with the right foundation in stock investing. I want to bring smart investing to every Filipino around the world! If you would like to know more on how you could time the market checkout the trainings below.
Stock Smarts Qatar — February 5 – 10, 2019
Make Money, Grow Money (Manila) – February 13, 2019
Investing Insights (Dubai) – March 1, 2019
Stock Smarts Manila — March 9, 10, 16, 17 & 23, 2019
Stock Smarts Cebu — April 6 & 7, 2019
Investing Insights Japan – April 13, 2019
Stock Smarts Singapore — May 18 & 19, 2019
Stock Smarts Iloilo – July 6 & 7, 2019
Stock Smarts Cagayan De Oro – July 20 & 21, 2019
Stock Smarts Hong Kong – August 11, 2019
Stock Smarts Taiwan – November 2, 2019
There are some people who love and are better off doing corporate work than being an entrepreneur. Some people are so good in that and they thrive in the security and challenge of climbing the corporate ladder then they don’t need to run a business. There is nothing wrong with being an employee. What matters is that you know what you want. If you like your job and you have the skill set to be the best and be at the top 1% of your office, employment could could work for you.
The time is now. Start early. Start early, so that you can fail early. Failing early in a business is good in a way because you haven’t invested a lot of money on it yet and you have a larger wiggle room to adjust and bounce back from that failure.
Start early, because you will never really know how successful your business is going to be until you start trying. If it doesn’t work out, you can start another business. Or if it doesn’t work out, you can learn from your mistakes, and do it better.
In school they taught us not to fail because you will lose. But in business, the more you fail, the better. Not that failing is amazing, it’s just that when you fail, you can always do it better the next time. The key is you should never quit and never stop because you only need to have one business to be rich. If you fail 9/10 times, but became really successful in that one business , that one win is all that you need. Thing about Uber, Snapchat, Airbnb, Facebook, Mang Inasal, the list goes on and on and on.
Of course! If it’s in your heart to start go for it! Develop your skills in such a way that you become so good at it that you provide so much value to your clients! Money is made in business not based on how much you work but it’s all about how much value you give to the marketplace. Don’t focus on how much you can charge, focus on how much you can give.
When you’re still starting the business, build your skills. But as it starts making money, the nest logical step for you is to build systems and to scale the business. Your ultimate benchmark for you to know that your business is successful is when you’re not there for six months and the business is still firing at all cylinders. It becomes a business when you’re not only earning through your skills but when you now start to leverage. When you know how to leverage other people’s time and skill that’s when the magic happens!
Entrepreneurship is not about the money but about freedom! A corporate job can give financial security where you know what you can earn on a regular basis as long as you are working. But being an entrepreneur gives you the ability to live life at your own terms. That you get to do what you want, when you want. That you don’t have to let a cubicle define your life and the way you do things. The risks of entrepreneurship are always greater but the rewards are worth it if done right.
I quit my job almost nine years ago and it was one of the best decisions that I have ever made!