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The Power Of Entrepreneurship

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5 Reasons You Should Consider Being an Entrepreneur

The Disposal of Corporate America

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Entrepreneur


noun, plural entrepreneurs
 
[ahn-truh-pruh-nurz, -noo rz; French ahn-truh-pruh-nœr]

1.a person who organizes and manages any enterprise, especially a business, usually with considerable initiative and risk.

2.an employer of productive labor; contractor.


Dictionary.com has a great definition of what being an Entrepreneur is.  I really enjoy the second definition.  "An employer of productive labor."  I think this truly hits the "nail on the head."  I am an entrepreneur!  I enjoy being an entrepreneur.  I certainly understand that not everyone can be one.  Someone has to be in corporate America.  Someone has to maintain the manufacturing line, so that I am able to buy my new Toyota Tundra.  Someone has to be my waiter at my favorite restaurant.  Someone has to be the person that cleans my house.  Someone has to do these things. Not everyone in this world can be an entrepreneur.

I am an employer of productive labor.  I work for myself.  I build my own dreams.  I have hope in my life.  I determine my own paycheck. I determine my time off. I do the things I want, with who I want, whenever I want.  I get stuck in traffic only when I want to get stuck in traffic.  I wake up when I want to wake up.  And I go to bed when I want to go to bed.  I have no one micro managing me.  I have no one telling me how to live my life based upon the pay of what they think that I am worth.

I have always had the mind of a entrepreneur.  I have had multiple businesses, but it was not until the last 4.5 years that I really realized the power of what being your own boss really meant.  I realized that I was building everyone Else's dream, and ultimately forgetting my own.  I was taught that if you get in the corporate ladder and work your way up to the top that eventually you will get the things you dream about.  There is only one problem with that!  There is only one who can get to the top.  I am building their dreams.  I am giving them more hope.  I am helping them be successful. And I am giving them a fat paycheck.  While I stay here broke, living paycheck to paycheck, and I have no retirement.

In the last 4.5 years I have not only been successful in the world of being an entrepreneur, I have been thriving in this world.  What I have learned along this journey is powerful beyond measure.  There are many great things about being an entrepreneur.  If you are in corporate America, I encourage you to read this list of the 5 reasons why you should be an entrepreneur.


1.  Being with the People I Want to Be with

Have you ever heard, you are like the 5 people that you hang around the most.  In the corporate world, you do not really have a choice of who you want to be around.  Your boss dictates who you are around, when you are around them, and how you interact with them.

If this statement is true, there are some people that I just do not want to be around.  Those people who are antagonistic, angry, grumpy, loud, lazy, and those who are always just mean.  I do not need them in my life and I do not want them in my life.  I want people who are going to encourage and stretch me to be a better person and to work harder .

Being an entrepreneur allows me to build my business and be with the people that I want to be.  I get to pick my own mentors to help me, guide me, and lead me to entrepreneurship success.  In the corporate world there are no mentors...only bosses.  They only are looking out for themselves and their position.  They want to maintain their career.  They want to help themselves climb the corporate ladder and no one else.  They will be mad at you, if you beat them to the top.  This brings me to my second point.

2.  Helping Others have Success in Their Business

You wake up in the morning and you head to work.  As soon as you walk in the office, everyone is on edge. Why?  Someone forgot to send off the paper work on a major deal that was supposed to close the evening before.  No one is fessing up to the mistake, but every body is more than willing to to point fingers at someone else.  When all is said done everyone in your office is only looking to cover their own back and really could care less about your success or position.  They do not want anything to hinder their ability to climb the corporate ladder.

This is another reason to love being a business owner.  I find it often that many business owners and entrepreneurs often look out for each other.  They truly are concerned with helping each other build their businesses.   They constantly are networking and encouraging each other and many times even if it is in their own particular business niche. 

I often hear phrases such as, "Let me tell you about a tool that I use", or "Here is a person that I use for that, they do a great job."  These are just phrases that you do not hear in the world of corporate America.  I am concerned about your success and will give you all the helpful tools to launch your business.  At the same time, you will do the same for me.

In corporate America people often pull the ladder up and out of reach of the people below.  Once you climb it, there is no looking down.  Business owners often let the ladders down so to help everyone else up.

3.  Building a Dream

When was the last time you dreamed?  No, I do not mean at night.  I mean when was the last time you dreamed about being financially free. To be able to vacation, retire, to be with your family, to help other people and not worry about anyone or anything getting in your way.  If you are in corporate America, these are probably only pipe dreams if you are dreaming at all.

Maybe I am a free thinker.  Maybe I am stubborn and do not like being told what to do.  Or maybe it is that I do not want other people to limit me.  I believe I can be the best that I want to be, not what other people dictate me to be.

I remember that when I was a young teenager I wanted to be the best sports player at my school.  I wanted to make sure that I was ahead of everything in football and basketball.  I wanted to work hard and play harder.  I wanted to be at the front of the laps around the football field.   I wanted to make sure that people were not going to beat me in the sprints in basketball.  I wanted to work hard even after practice was done.

I spent hours and hours and hours each night shooting baskets at home.  I played all through the summer, just to make sure that I could be the best player the next year.  I was not going to have other people beat me out of a position on any sports team that I was playing on.  I wanted to be the best.  I was not going to have other people dictate my sports career.

This thinking has not left me since then.  I have worked in the corporate world and after a few months of it, and getting promised a job promotion and then not having that happen, I realized very quickly...That was not for me.  They dictated my paycheck, my career, and my well being.  If I would have stayed there many years ago, they would also have dictated when I was able to take a break, when I was going to go on vacation, and which days I could have off.  They would have told me how much money I was going to make in the future and when I was able to retire.

Entrepreneurship allows me to be able to write and dictate my own life.  I can do what I want, when I want, how I want, with whomever I want at anytime.  This is empowering.  This is freedom.  This only happened because I had a dream. I love being able to think about vacations, being completely debt free, and having the opportunity to retire as I want to retire not as an age that anyone else says to me.

4.  Passive Income
If people really understood what passive income was, they would jump over great white sharks and giant snakes to get it.  Passive income is a regular amount of income that is provided to a business or an individual, with very little effort required in order to maintain it.

Steve Pavlina says, “Passive income earners are constantly looking for ways to put more value into the hands of more people. They want to be as generous as possible. They love to share. And so society rewards them with streams of passive income, so they get paid even when they aren’t working.”

Most people today work for linear income.  What this means is, that if they work they get paid.  If they do not work they do not get paid.  This embodies about 99% of America.  Only 1% of Americans actually get or understand what true passive income really is. The ultimate goal of passive income is to work once, and get paid the rest of your life.  But most people have been educated to work the 9-5 job and then go back again the next day.

Not all entrepreneurs get passive income, but many do aspire to get it.  Sometime the specific niche of business may not allow it.  The true science is figuring out how to get passive income.  I have been receiving multiple streams of passive income for the last 4.5 years.  It has changed my life!  CHANGED!  What I do know is that there are many, many more opportunities to get passive income that have not been tapped into at all.  The next big passive income idea is still around the corner.  The next GoPro or Facebook is just an idea away.  And true passive income is only a stones throw away. 
Once you get a taste of passive income....you will never go back!

5.  Time

This is by far the most important thing to me about entrepreneurs.  They have time.  Most people trade time for money.  You only have one life...how are you going to spend it?

I have time to be with my family.  I have time to go to all my children's games, practices, plays, concerts, recitals, and never miss anything. 
I often get disgruntled at people who say I just do not have time.  I often ask them, "Well what are you going to do to make time?"  Everyone thinks they have a great answer.  It typically revolves around the next promotion or next pay raise in corporate America.  It never revolves around changing things in their life.  Have you ever heard the definition of insanity?  It is doing the same thing over and over and expecting different results.  This is the definition of corporate America.

I get to schedule my calendar based upon my life and schedule.  I get to dictate it, and no one else does.  This is true time freedom.  Most people work 40-50 hours a week, for 40-50 years of their life...and for what?  To retire with 40-50% of their income and not much life left to live.  The idea of entrepreneurship is to live now, during the long portion of your life, as opposed to wait and live for the short period right before your death. 

Building a business is a truly a wonderful and even magical thing.  It will give you breathes of fresh air everyday.

Are you an entrepreneur?  What do you like best about being an entrepreneur?  Comment below and tell me the reasons why you are an entrepreneur.

Passive Income

How to Get Passive Income
Credit: www.ilovebusinessonline.com

Rich Dad, Poor Dad

Robery Kyosaki

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Comments

Mar 30, 2015 11:48pm
jsecligen
In order to have passive income there must be a source of income that even you are not working you are still gaining money.By doing a research and applying what you learn for investing money properly then you can achieve your goal to have financial freedom.
Mar 31, 2015 8:11am
myintentionallife
There are definitely multiple ways to gain passive income. Investing is just one of those areas! I think people need to understand that there are multiple avenues of passive income. We should not limit them to just investing! Thanks for the input.
I think there is a great education on investing, that people are scared to venture down!
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