Should I Start A Business? (The Uncomfortable Truth)
When I started eight years ago I thought I was going to get into business, do little work, and be a billionaire with all the success I had ever wanted – instantly. I thought it would only take about a half a year maximum and my business would be generating passive income automatically, I would be flying all over the world, meeting awesome girls, and doing all the cool stuff that I ever wanted to do.
The truth about business
However, two years later I went out of business and had to start all over again because I had a small debt leftover from failing to make any profit.
Ever since those first two years I have learned that running or starting a business is not for everyone. If you do not want to hustle, become a hustler, learn how to make things happen, sleep on a mattress while making your business a reality, or sacrifice most of your free time to build that business, then you probably should not get into business. If you want to have your hand held and you think that your education at your university is enough to prepare you to run a business right out of school, then you are misled. If you think someone else will do the work for you and you will be the CEO who is making strategic decisions, then business is probably not for you.
However, if you realize that you have to just focus on one thing, keep implementing, hustling, stick at it for many years, are hungry for success, and are hungry to make millions of dollar, then business probably is for you. In the last five years I have traveled to about 35 countries while building my business online and I have coached hundreds of people to do the same.
Traits of the successful in business
When you enter the world of business you will hear people say, “The five people you surround yourself with is the average that you will become.” If you are in sales, marketing and you are dealing with other business owners, those people have already made it and are typically cool people who really want to make a positive change in the world. There is no room for too much greed. They want money, but they also want to contribute because they understand value and reciprocity. There are good traits like these that allow you to learn by osmosis, have more fun in life, travel more, meet more interesting people, and make more money.
If for example, you want to be a philanthropist, give back, and help the unfortunate, how can you do that if you do not run a business? Do you plan on making some money at your job and donating it to charity? Often, charities are just companies and will pocket about 80% of the money.
Benefits of running your own business
If you run a business you can afford to start your own thing and hire people you want to hire. If that means you want to hire people who need help, then go for it! You can even go to a country where people are less well-off, start a company there, and open up a school or university. This is the kind of stuff you can do with money. Money is not evil. In business you can do really cool things and help millions of people.
If you go to a country alone, without any money or any skills, and try to make it happen by yourself, you are going to have a hard time and are most likely going to end up working for someone like a non-profit organization. If you have business skills you can use these same skills to make the world a better place, build a company you want to build, hire the people you want to hire and see succeed, and help your employees and customers succeed. This is how you build a really big empire: building wealth, a foundation of trust, and continually expanding. This is what business is about.
Do what you need to
If you do not want this, I am not judging you because business is not for everyone. Everyone has a choice and we are all going to die someday. You can still get a cool job and make a change in the world. You can make a lot of money in the stock market, get into real estate and make great money without running a full-on business, or do many other things.
In terms of mastering something, learning valuable skills, and how the world actually works when I have full responsibility for my own actions, this is what business is about for me. If that does not work for you, just remember that everyone has a choice to do what they want to.