As an entrepreneur, you have the sole responsibility of accepting change. You need the ability to flex. Mutate. Sometimes even alter your ego in order to get out of the mind’s complacent state.
According to Gary Vee, an entrepreneur is defined by his actions, not his intentions. If you dream of someday becoming an entrepreneur, simply dreaming does not make you any different than who your currently are. In #AskGaryVee, Vaynerchuk states that if your work a full-time job, you are not an entrepreneur. Point blank. No Argument. Frankly, I feel that although this statement serves true, it is merely circumstantial.
Entrepreneurship should not be defined by your occupation. Not having a full-time job does not make you an entrepreneur either. Working part time does not entitle you to make more money than the next person, but what I feel Gary Vee is trying to say is if you are stuck in the life of working fo someone else full time, you will never become a successful entrepreneur. Do your research and you will find that all entrepreneurs have one thing in common in regards to their journey. They disliked their corporate job so much so that during all of their free time, they began to build. Not envision. You can envision and plan all you want but if you aren’t taking concrete actions, you can’t be labeled as an entrepreneur.
Many entrepreneurs begin as full-time employees who began building onto an idea. Upon doing so, they gave themselves the opportunity to leave their previous work. Not that they became wealthy right out the jump, but that small leap gave them enough space to take a step back and really lay down the foundation for their future.
Think back to the college days. Chances are you weren’t involved with much work. Workstudy doesn’t count. It’s merely a way to get some extra beer money. *Joking* Work study isn’t bad,; it builds responsibility and time management skills…but do you remember those days when you lacked any TRUE responsibilities? All you had to do was wake up and go to class for a few hours then hang out the rest of the day. A corporate job and adult life takes this away from all of us and we lose hope of ever becoming something truly great outside of a boss level manager. This realization is what gives rise to many entrepreneurs.
If you feel constricted by work, consider entrepreneurship. If you really want to make your dreams come true, consider entrepreneurship. It’s easy! *Not Really* But it is! It’s easy to make the decision to set a goal to make your dreams come true but it’s hard to not succumb to the lazy mentality of the middle class. Don’t get me wrong, the hardest workers are middle-class families. On the other hand, the smartest workers are the ones making world class bucks. The entrepreneurs that realize that their boss is not better than them. So why can’t they start something new? Why can’t they invest in stocks while everyone else says they are too risky? Why can’t they leave their “secure” job to build a company from scratch? Why can’t they use their creative mentality to begin designing and consulting privately and make $20,000/month?
They can and they do. Entrepreneurs are born to want more than others and most of the time get what they desire. Sure they fail and may go bankrupt for the first year or two. But look at them four years later and you will be at their feet pleading for answers. Working hard pays off. Working smarter pays on.. and on.. and on.
Next time you see a wealthy entrepreneur, don’t ask for the secret formula, ask how to enjoy the journey during both rain and shine. Ask how to stay motivated when nothing seems to be working. Ask how big of an impact believing in your practice will bring even when you have gone an entire year without profiting. Even better, ask them for their personal opinion on the correlation between a college degree and the person’s level of success. You will find that little to no effect exists, whats so ever.
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Want to determine what kind of person you are. When you picture summer, what do you see? Non Stop fun or A season of opportunity. Obviously, the two parallels are separated with age differences of adults and children but the mentality is what truly matters.
Yesterday afternoon I had some great questions arrive at my Snapchat inbox. Some from high schoolers and others from fellow college students. One question, in particular, stood out amongst them all which I felt needed to be addressed. Her question being “What are some useful things that students can do during the summer to help prep them fro the future?” Such a brilliant question that ever student should ask, hopefully as a freshman! Of course being a college student myself, it is only right that I offer my entire opinion.
Firstly, you will want to layout your future and redefine the term on useful. Where exactly do you want to see yourself in the future? How soon will that future arrive? For some, that may be 15 years while others may only have the patience for 5. Upon answering those questions you should consider “useful” to only be conditional. There are several activities that one may consider beneficial while others feel its plain redundant. Yes, this is a vague topic but its the truth. You have to answer theses questions prior to laying out the game plan.
In a hope of answering this question for as many people as possible, I’ll break down a potential game plan for two college students. The First dreaming of become some form of doctor, whether they become an ophthalmologist or chiropractor. Alternatively, I’ll also consider the college entrepreneur.
As a student striving to become a doctor, you have to alter your way of life immediately. The medical field can be very rewarding but it nothing less than stressful. Trust me. I’ve lived in a home full of nursing students and have mopped several floors of tears. Not that it’s impossible, but you are dedicating the next 6-8 years of your life to your hopefully future profession. On top of the strenuous work, that particular line of work is very competitive, even for A students. *GET ON WITH YOUR POINT ALREADY!*
So if you fall into a category of college life like the student mentioned above, you are going to want to do two things during your summer and learn to sacrifice fun in order to get ahead of the future competition. Looking for possible internships is a must. Learn the practice as soon as physically possible. Yes. ASAPP. These will help to strengthen your resume. Don’t settle for the average internships. You want to do more than the other hundreds of people who think they are getting ahead of the competition are doing, if that makes any sense… Take the entrepreneurial route of documenting your journey. Blog. Do a big research project. Study. Do everything that will either make you smarter than the competition or more importantly, unique. Employers scroll through thousands of applications and resumes so if you don’t have something special to show for, you will be another one who bites the dust.
Secondly, network!!!! This is an its-who-you-know-world and if you get matched with a similar resume, you are going to want inside leverage. By knowing some people within the line of business you are in you give yourself a massive advantage. Point blank, you can check out the original post for more info.
If you are wanting to step into the shoes of a future investor, real estate expert, business owner, or flat out entrepreneur, you should already know what I recommend you do with your summer. Think, talk, dress, walk and literally live in the footsteps of an entrepreneur. Ask yourself where you want to be in 10 years and start acting like that person. Be humbly open to new opportunity. Understand that the key to success is diversification. Become a sponge for knowledge and spend every day reading books by your the best in the business. Listen to entrepreneur Podcasts, like EOFire by John Lee Dummas. Master something your not good at. Perfect something that you are already great at. The summer sky is truly the limit for college entrepreneurs and I suggest that you buy into your beliefs 100%, right now. You will make mistakes but its best to make them while you in college so that by the time you graduate, your living better off than your mediocre counterparts.
Expect a part II. This is truly a small question loaded with possibilities. If you are a college student looking to build your future even during the summer, just focus on doing what others are not. Friends see me blogging while in college, which is great. What they don’t see are the countless hours and early mornings I wake up to read a new book, write a 500-800 word blog post, listen to an hour of podcasts, still manage to make it to and from work, fill up pages upon pages of notes that strengthen my entrepreneurial endeavors and not think twice about sleep. That is how you must live your life, every day, not only summer. When others complain about a college project, you should be complaining that you finished your project early, read 2 books but sadly only managed to write half of your own book. It’s all in the mentality.
Thanks for the awesome question Annie! Please do me a favor and follow this dedicated college student on Snapchat to stay tuned with her journey to success 🙂 –> adorableannie0
Leave an Honest Comment with Your Thoughts and Recommendations. Have a question? Send it to my Snapchat –> tracey5259 If This Post was Truly Helpful, Leave a Like to Let Us Know!
In the words of Art Williams, my family is going to have problems, but money isn’t going to be one of them.
To some, those words alarm arrogance. To others, pure dedication. My roommate and I hold those words in our hearts, every day of our lives, for the sole purpose of giving us something to work for. It’s hard to get a grip on the reality of living but chances are most of our families survive off of unintentional complacency. Our families live in the same or slightly better lifestyle as their predecessors. That’s a scary thought and it’s your responsibility to break the cycle.
It doesn’t matter what you do in life, you must find a reason to give it your all when it comes down to your future. Never settle for the norm or what is “promised” to you. Nothing in life comes easy. Let’s be honest, if college were the only requirement to become wealthy, don’t you think everyone would do it? If all you needed was to attend high school football practices in order to receive a full college scholarship, don’t you think every student-athlete would take on that sport. If all you needed to safely retire, was to work 30 years straight, don’t you think everyone would do it? The fact of the matter is that this is not the case.
Society can be broken up into 3 types of people: the overachievers, the almost, and those who give up.
The people who give up not only suffer by not only achieving greatness. They suffer from achieving nothing. No matter how hard you work, if you throw in the towel, you are forfeiting your efforts. No man every received praise for being good at something but giving up because it got to hard and frankly, neither do those who fall short.
Those Who Fall Short
Sadly there is a surplus of people who live average in our world today. People who assumed that they did enough but were struck hard by the real world and told that they don’t have what it takes. These are the people who only go to practice and expect to be given what they “deserve”. The people that go to college and expect a job simply because they graduated with a degree. You can’t do that! People always learn too late that doing the bare minimum will get you nowhere. You must learn that if you are taught by someone who isn’t where you want to be in life, they are only looking out for your best interest. They don’t know what you want and don’t know what it’s going to take for you to succeed in what you do so, you can’t always take their advice. If you follow their wisdom correctly, you will be lead to living the same life that they are living. You don’t want this, you want to overachieve.
Once you read the previous paragraphs, you may begin to worry about your current situation. Whether or not you are doing the right things for your future. Whether or not you are doing enough. If you have to ask yourself these questions, chances are that you aren’t doing nearly enough of what it takes to be the true success that you have read about. We all look at these people at first glance and say, “Wow, they worked pretty hard and look where it got them! I’m going to work so I can be like them…” What we fail to understand is how hard that “pretty hard” truly is. Watching a few videos every week in order to aid your dream isn’t going to get you very far. If you research those individuals, you will find that they did something that looks crazy. The lifestyle they once lived in order to get where they are was literally ridiculous. Full of books, networking, failing and trying again.
Don’t fear failure, fear not succeeding in something that you were told would never work. Failure is one step closer to success. It’s been proven that not one person successful in their practice, did not overcome problems.
My mentor tells me that in order to stand out in the world, you have to start living the life that you desire. Financially, this may not immediately be possible but mentally it can happen upon request. When you adapt such mentality, the financial benefits will follow. So which class do you see yourself living in?
According to Steve Siebold’s “177 Mental Toughness Secrets of the World Class”, there are five primary social classes that people can define themselves within: World, Upper, Middle, Working and Poverty class. Obviously the lowest of the low is the poverty class, within which people struggle with the most difficult financial struggles. On the other end of the spectrum lies the 5% of the Earth’s population, also known as the World Class. If you are reading this, automatically place yourself in the position within the Middle Class for the sake of the blog post and the reality of the world.
70% of the world lives the life of the Middle Class. Although not the worst possible position in life, the Middle Class is the least malleable. In other words, people struggle with advancing from this point in life. This is a result of several reasons, but I want you to focus more on the mentality rather than financial standpoint.
The average Middle Class individual will never advance to the upper class simply because they don’t feel like it is possible. Because such a large portion of the world thrives in this class, it is often difficult to separate yourself from such people. You are the average of the 5 people you spend the most time with so, if you are surrounded by Middle Class, how could you ever expect to be better than the next person? We are not raised to think any different and instead are forced to believe that there is no other option.
100% of the middle class residents that say they will become wealthy millionaires never become so. This is true because they settle with the average Middle Class mindset of go to school and get a high paying job. If 70% of the population is striving to reach the same position in their field of study, how could everyone become wealthy? It’s just not possible. It is for this reason that entrepreneurship thrives.
Successful entrepreneurs often come from the same Middle Class lifestyle but take on life from a different approach. They implement something called the World Class Mindset, which is used by the top 5% of the world’s population. The World Class look at the reality of how the world operates. They look into the future and see the lotto like system of education and therefore strive to create something more stable and reliable. Although it requires more upfront work and a strong mentality, they are able to better apply the same work ethic in a much more profitable field.
So what’s the big difference in the mentality of the Middle Class as opposed to the World Class? The World Class has an abundant mentality that has the ability to create and manage risk. They sacrifice safety for growth. They have a vision. They are spirit driven and solution oriented. More importantly, Steve Siebold stresses that the World Class differ because they are Humble and Eager to learn while the Middle Class assumes they have enough knowledge to only get by.
With such an endless list of minor changes in mentality, the World Class thrives in the world of success because they are everything but complacent. When you push yourself to fear what you will not achieve from passing up on an opportunity, you will begin to take chances that the Middle Class will not. When you come to realize that corporate jobs have income caps and will prevent you from making your desired wealth, you will strive to create something better. When you want to succeed as bad as you want to breath, you will surpass your current standing and reach the World Class lifestyle. Your wealth doesn’t define your social class. Your mentality will determine your wealth that will in turn contribute to your label of social class.
As an entrepreneur or new business owner, you are expecting to start or have already begun to generate income. On the downside, although you have taken this step to growth, you must not let all of the dollars go to your head. Program your mind to consider taking on delayed gratification at all costs.
Delayed gratification requires you to simply discipline yourself to put off spending the money that you do have until a later date that the average individual would struggle with doing. My mentor does a great job in doing so. Making over $300,000 of income with ease, after having built a self sustaining home business, you would assume that he is living life big. Although he has all of the fancy suits and could afford all of his dream cars, he chooses to continue driving his old Honda Civic.
People look at him crazy but after talking with him personally, I completely see where he is coming from. Instead of going out and carelessly buying a new Mercedes AMG or BMW M5, he has both set a standard for himself and a personal goal that trump his wants and dreams.
Firstly, he wants to literally be “financially bulletproof”. He wants to be sure that no matter what circumstance he or his family will encounter, expenses will be the last thing he will have to worry about.
Secondly, he made a pact with himself to not purchase a new car until his business is bringing in a an extra $100,000 or $200,000 a year which, with his mentality and work ethic, is easily achievable. Only then will he buy the car for himself as a reward.
Delayed gratification takes a ton of discipline but can prove to be very beneficial. All you have to do is wait, until you reach that higher height to start enjoying your life to the fullest!
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Personality plays a big role in the world of business. As a portent aspect of any business establishment, a main core should be building your team. In order to build a stable team, you must have the ability to look into the hearts of potential members and learn how to control your own by understanding two important concepts. What attracts versus what repels.
After visiting the Headquarters of an amazing company today, I was blessed with the knowledge of amazing entrepreneurs breaking the barriers of over $1 Million per year in generated income each. If you are not careful, you have the ability to drive all business opportunities out the door.
Replants come in to major forms. Arrogance and Negativity. As you may already know, arrogance, although not all bad, drives away both friends and clients. Nobody likes to hang around a know-it-all that loves to brag and boast. Even if you are successful in your works, learn to live humbly.
The same idea applies to negativity. If you are always negative, those around you will feel the same way. Negativity spreading among your team and business will lead to a lack in productivity and more importantly, motivation.
Alternatively, you should focus on a positive mindset. Despite the adversity that you are and will still face, learn to see the bright side of things. If you come into the a meeting down, lacking any inspiration, it will spread and it will spread among your peers fast! Ignore your current situation and start approaching everything you do with a positive and productive mindset. Setting a good example is an essential quality in both leadership and team building.