Many creative people, inventors, entrepreneurs, and business leaders fall into this category. But let see how you can make money as an entrepreneur.
An entrepreneur is someone who always has good ideas.
The first obstacle we need to overcome if we want to succeed in the second group is to stop working for money. What does this mean? Isn’t making money part and parcel of having good financial IQ?
What I mean by ‘stop working for money’ is not working for free. Rather, it means work so as to gain the necessary skills you need to be a successful entrepreneur (or inventor, investor). Allow me to illustrate:
If you lack the contacts for running a business, where would the best place be to look for contacts? Of course, your competitor’s customers.
How about product knowledge? Then work with a company that will teach you all the ins and outs of the tricks of the trade.
Not familiar with the production line of a factory? Work in one! Learn the ropes or manage the factory workers.
Fear of talking to people? Get a sales job where you will be forced to talk to lots of people. It is also a great way to develop perseverance!
Don’t you know that the best education you can get is in real life! Not at a lecture hall.
The bottom-line is: not everybody has what it takes to succeed as an entrepreneur!
It is not that easy. Many lack the perseverance, the creative mindset, the financial capabilities or the necessary people to get the job done and usually give up too early before any results can be seen! The fastest way to get those skills to succeed is to learn them hands on and you even get paid in the process! Don’t get absorbed with how much you are paid.
Would you trade time for short-term money? (Money stops coming in when you stop)
Or trade time and money for a long -term asset that generates you income? (Even long after you have stopped) God created us with a brain. All we need to do is look around us and observe problems to overcome because every problem is an opportunity in disguise.
It is all up to you. You may or may not see the results in the short term, but by using our brains and the resources around us, we can create true value that others are willing to pay for what we have to offer.
Let me summarize the 3 Ways of Making Money
• Trading Time For Money - employees, self-employed
• Manifesting & Using Creative Ideas - inventors, artists, programmers
• Leveraging on resources and other people - business people, leaders
If you are a professional, have you ever explored writing an e-book about your field of expertise? If well written, it could provide a new income stream, instead of you selling out your time serving your clients.
How about a computer programmer? You can come out with your own revolutionary product instead of selling your ideas to the company you work for.
How about real estate, instead of selling houses, you can pool financial sources to buy houses cheap, increase their value and sell them off at a higher price. It just takes a little time and research to find good ideas.
Is money a problem? Seek out loans if you can take the risk. Pool money from many investors or seek a grant. The sky is the limit when it comes to making money.
Again, which way do you want to achieve wealth? Answer: it's totally up to you
SIMPLY.......
Invest in Yourself
The most important and No.1 rule is “Invest in Yourself” – if you don’t, who else will?
Your parents will only invest in your education only until you leave college. But that is just the basic necessities provided and does not teach you important lessons about financial education.
Would you depend on colleges or universities to teach you how to make money? Most colleges only teach you skills so you can earn money working for other people. How about business school? Honestly, if business lecturers are such experts at business, why are they still lecturing there instead of making a fortune in business ventures?
Would your boss teach you how to succeed in business so that one day, you will be in his position?
You and only you have to be proactive enough to take that responsibility
You see, when you invest in yourself, it means taking on the importance of educating yourself. Education not in the academic or technical sense, though they are necessary skills to be developed in life. Our education doesn’t stop at college.
For most working adults, their education enters retardation stage after they leave college. They stop learning and therefore they stop growing. They only grow sideways from eating too much pizzas or take-out during their busy lunch breaks.
We know that IQ is important right? But why aren’t the most intelligent people in the world the richest people in the world? There are many accountants and financial planners rushing to their cars every evening trying to beat the after work traffic congestions! They are not rich!
Think with your brain, imagine with your mind and form with your hands. #SpeakSense @kenimu
