Why Entrepreneurship Is Good For You

Why entrepreneurship is good for you – there are just so, so, so many good points about entrepreneurship that I sometimes don’t know where to start.

1) You can earn more – $500/month, $1000/month or more, if correct niche is selected and scaled right. What will this extra income mean to you? Also…what if it can earn more than your current salary?

2) Entrepreneurship is a growth-hacker – it will force you to focus and grow so fast personally and professionally in such an intense way, but gosh, those who love to grow and learn, it’s awesome

3) Entrepreneurial skills are valuable – you can choose to teach this skill to your kids, get hired to make money as a consultant or just keep working in your own businesses.

4) Profitable businesses are valuable – you can scale them further, you can take them public, you can sell them for multiples of annual profits, give them to your kids – whatever.

5) Create jobs and a community and work culture that you love

6) You can meet more like-minded people and even may meet the person of your dreams. You may meet interesting people from all walks of life. Or not if you don’t want to.

7) Deal with boredom..and maybe get happier?

8) Increase natural confidence, leadership, communication etc

Entrepreneurship is so addictive to me because it hits so many of my spots, and I will likely never get sick of it – consider it, you may like it too =)

Earning More Money Is A Game

Earning more money is a game to me, and it has a few rules that once you understand, you’d get it.

I grew up in a poor to middle class family with our own stories of lack of money – I had a happy childhood, but I remember lots of stressful arguments my parents had about money, and at 10 years old, I remember making a promise to myself: that I will never let money be a problem for relationships, and that I will earn more than enough and have surplus.

I learnt that there are certain “rules” of earning money, earning more, and I’m still learning every day.

Rules of earning more money:

  1. The higher value you provide, the higher income you’d get. It’s like a $5 burger at McDonald’s versus a $100 burger at a high-end place. Different value. Choose a specific skill or industry that pays your the income you wish to earn.
  2. Mastery. The beginner or junior person will almost always earn less than the master in the same field; so your job is to master the job or skill.
  3. Process of Earning More Money:
    • Desire – you must desire to earn more, not just talk or brush it casually. Be serious with wanting to earn more money. It is a good thing to earn more.
    • Decide to earn more. This is to make a true decision and commitment that you will take the necessary actions in a consistent manner and with patience to work towards earning more (amount that you wish to earn)
    • Determine the pathways and process that you need to learn to earn the amount you want. An example is if you wish to earn $10,000 a month, and you’re currently earning $1,000 a month, find out how you can earn $2,000 a month. Then $3,000 a month. Then $5,000 a month. Then $10,000 and more a month. This could include learning a new skill, joining a new company etc.
    • Do the actions that you had determined to get you to how much you want to earn.

The real question is, are you committed and do you dare to dream to earn more?

Prioritize Doing Right And Good

Prioritizing doing right and good is always right and good, no matter how difficult or unpopular it is.

And the upside is right and good leads to more right and good later (boomerang effect) which tends to grow rather than tear/break-down.

What’s the point of doing things the wrong way?

Or choosing the easy path but not good path?

There is no merits in doing that at all.

Doing right and good is the easiest and sustainable approach to life and success.

You Define Yourself, No One Else

You know yourself best.

Which both a pro and a con…because on one hand, you can motivate and lead yourself the best. At the same time, you also can demotivate and choose not to achieve anything.

It’s freewill after all, baby.

You define you yourself, no one else.

You know what drives you, what makes you happy and what makes you sad. You can refer or ask people like your parents, check in with the bible, or your friends and family, but in the end, you need to define yourself.

This is the first step to true happiness, is when you know yourself. When you know what makes you happy, then you know how to build your life around things that matters most to you.

Get Up And Do Something Meaningful

Life is short…but long enough when it’s well lived and not wasted on petty and mundane stuff.

Get up and do something meaningful, don’t waste your time and life tolerating and just going through the motion.

The thing with “doing” something meaningful is that you need to evaluate and think for yourself, and determine what is meaningful or not to you – and everyone is different.

That’s why I often tell people that you can look left and right to see what others are doing, but most importantly is that you need to immerse, try, evaluate and determine what makes you tick.

Because you are you, and what makes you happy will be different from what makes others happy.

Of course, don’t hurt, harm, lie or manipulate others as you do so.

Don’t Just Chase Money. Instead, Chase Your Dreams

Don’t just chase money, instead, chase your dreams, purpose and mission.

Money itself it good, dont get me wrong, and can be so useful…but do bear in mind:

What’s life on your terms? ie What makes YOU happy?

What I’m saying is that you’ve got to understand and know yourself.

Everyone is wired very differently.

If what makes you happy is to earn $50K/year and spend time with loved ones and/or hobbies, then do that. No point trying to earn $500K and killing your health, sanity and relationships.

Conversely, there are some people out there who can’t breathe if they dont start their own business and grow it to high six or seven or more figures, and it kills them if they dont do it. And funnier is that they dont feel tired doing this. Cos they’re wired that way.

Can one change one’s wiring?

To me, it’s a yes and no thing.

Sometimes, it’s based on unpolished gems and with some polishing and luck, one can grow into larger dreams and goals.

Some just prefer not to.

When we chase after our dreams, purpose and mission, what’s funny is that we possibly and potentially may earn more than we want to, as composed to people who just chase money for the sake of chasing money.

Work Is Your Best Friend

Let me expand that: Consistent hard work is your best friend.

It can take you as high as you want, or as far as you want, but everything requires work and maintenance efforts/work to succeed and stay successful.

Success is a journey and we keep growing and going higher and higher, be it in our businesses, money, relationships, health – everything needs work.

So for us to succeed, we need to do the work.

Consistently.

Doing The Right Thing…Is Always The Right Thing

Doing the right thing…is always the right and good thing to do.

It’s practical, straightforward, it’s good and sustainable.

I’ve never understood why people cheat, lie, scam or do wrong stuff – it’s so much easier and better to just do good and the right thing. Not rocket science.

It’s just so much easier and direct to just tell the truth and be honest.

Soft Human Skills Matter

Soft human skills matter a lot.

In fact, I’d say that it’d be worth more than hard, technical skills.

You see, EVERYONE can pickup a hard skill or a technical skill today. But boy, it’s not that easy to pickup soft skills or human skills – that virtue itself will prove how valuable soft skills are.

I’m not referring to negative soft skills such as manipulation, coercion and similar, which is evil and corrupted of course – I’m referring to good soft skills such as empathy, patience, kindness, generosity – those kind of stuff that’s important for yourself, your family, your business, your society and the world.

Those are the kind of skills that are broad life skills, that can be translated into most social, professional, entrepreneurial and relationship situations – and that speaks a lot for its influence and ability.

Are You Prepared To Chase Your Dreams?

Are you prepared to chase your dreams?

To sacrifice and pay the price?

The blood, the sweat, the tears, the toil?

If yes, and you’re not a dreamer, then stop wasting money on dumb shit – keep your costs low so you can focus on building and moving in the direction of your dream, today.

There IS a price to pay to build things and lives that are meaningful. If not…if it’s so easy, then everyone will do it. But because things and dreams are hard, THAT’S why it’s worth it. The fruits of the labor will be sweeter with toil too =)