You have nothing to lose! How many times have you thought about
opening your own business? 5 times, 10 times, 100 times? Today is your
day. Stop letting your dreams collect dust, and choke us all to death
when you dust them off with I coulda, shoulda, and other high school
has been rants! After all the worst thing that could happen if your
business fails is that you have to go and find a job or go back to the
job you were unhappy at. Starting a business will only increase your
skill set, enhance your resume and increase your chances of success in
the future. Plus its cool, fashionable, and profitable!
Here are the facts or as I like to say a crash course in reality!
Two-thirds of millionaires are entrepreneurs, according to Thomas Stanley and William Dank, authors of The Millionaire Mind.
You receive not only a salary, but also a lot of money if you sell
your company or take it public. Or did you want to be “comfortable”?
Comfortable is working at a job for 40 years, having just enough
retirement to last about 5 years, then having to choose between going
back out in the workforce at age 70 or eating cat food!
Operating a profitable business in the long term is less risky than
being an employee in the long term. Business owners are the last people
to go down with a ship if business turns bad. Or is your ambition to be
another corporate employee victim, losing your 401K after the top
executives decide to give themselves a no interest 300 million dollar
loan or cash out their millions in stock?
So what does it take to be a successful entrepreneur? Glad you asked:
- Self-Control – You can’t buy every computer application, hire every
consultant, go out partying all the time or watch TV during business
hours, you need self control! Especially for those of us looking to
strike it rich in the platinum mines of Web 2.0. There are a ton of
distractions on the web and the most successful out there have control
and focus. Do you?
-
Self-Confidence – You have to tackle ALL your
problems immediately with confidence and persistence in your pursuit of
your company’s objectives. If you are a chicken in the world of
business, prepare to be some savvy wolves dinner as they devour your
next great idea.
- Sense of Urgency – You must have drive and high energy levels, be
achievement-oriented, and be tireless in trying to achieve your goals.
Things change fast on the internet, I mean like by the hour or minute !
So in order to cut it here you gotta strike quick, cash in and reassess
the plan. You can learn plenty of that right here at JohnCow.com. Cash
Cows can run fast, if you wanna milk it you have to be on your toes
partner!
-
Realism - Entrepreneurs accept things as they are and deal with them
accordingly. They may or may not be idealistic, but they are seldom
unrealistic. Look don’t come out the gate thinking your gonna strike a
deal of myspace, google, or yahoo proportions out the gate. Know what
you don’t know.
-
Emotional Stability - Entrepreneurs have a considerable amount of
self-control and can handle business pressures. They are comfortable in
stressful situations and are enthralled rather than discouraged by
setbacks or failures.
Still need inspiration? Stick around, we are just starting to have fun at the Cow!
PS: If you have any specific areas you want me to address in the
future, feel free to drop us a comment and ask the questions! Would
love to tackle them next session. Until then milk the cows!
Ephren W. Taylor, II is a socially conscious serial entrepreneur. A
millionaire by the age of 16, the now 25 year old multimillionaire is
one of the youngest CEOs of a publicly traded company ever. He is
considered by many the Warren Buffet of the Hip Hop Generation. Also he
is the author of the upcoming bestselling book Creating Success from the Inside Out: Develop the Focus and Strategy to Uncover the Life You Want.
Ephren currently travels the country working with you and communities
helping them to become self sufficient through creative financial
wealth engineering. Ephren currently resides in Kansas with his wife
and 2 kids.
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