How to Stop Trading Time for Dollars

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What makes an Entrepreneur tick?

I'm so tired of people not understanding me. I am an entrepreneur, and I realize now that I always have been. As a kid I used to buy candy from Sam's Warehouse to sell for pocket money. I've tried working for others. I've done assembly line work, operated a switchboard, computer support, and even mortgages. The only job that I ever really enjoyed was the one where my boss would let me work on my EBAY business when I did not have work-related assignments to complete. He gave me free reign. Unfortunately it was a college job that went away as soon as I graduated. Oh yes I have the credentials. I have a Bachelors Degree of Business Administration in Computer Information Systems, and I was working on a Masters in Information Technology. I just got tired of adding to my massive education debt load.

My point is this:

Not everyone is designed to be an employee. If you cannot find a profession that you are totally passionate about maybe you too are supposed to be an entrepreneur. Life is way too short to do something that you hate or leaves you feeling unfulfilled.

My hope is to present information and resources on this site that will help you make a decision. I'm not going to say that it is easy. Please keep an open mind and hear my heart.

Entrepreneuralism; Squdoo Style 

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What Charactoristics, qualities and mindset must you have to consider yourself an Entrepreneur?

A Job or a Business? 

Which is Riskier?

I was listening to Dan Miller's Podcast a couple of nights ago He mande the most extraordinary statement. It hit me right between the eyeballs. The qustion is: Which is really riskier, having a "safe secure job" or owning your own business.

Dan answered it this way. Whether you realize it or not, you are in business. When you work for an employer, you are selling your services. IE your time and expertise to one customer; your employer. When you have a busienss you have multiple customers. For example if you are a hotdog vendor, with hundreds of customers, if you lose 1 customer are you still in business? Of course!

Let us know what you think. Please feel free to comment in the form below.

Which is riskier? A job or a business? 

Please Comment Bleow

michaelblaes wrote...

Hi Linda, That is a great point. In my mind however, you can minimize the risk, by taking slow and methodical steps using proven strategies. So like my old Pastor used to say, "Plan your work and then work your plan."

To Your Success
Michael Blaes

ReplyPosted March 04, 2008

Lensmaster

Linda Ellsworth wrote

That's a large question with so many experiences and variables attached from those of us on both sides of the equation. In my experience, I would say business is riskier because one needs not only to be competent and willing to learn more each day to flourish; one needs to be passionate about the business they're in, and to share their expertise. Sending best wishes for your business, Linda Ellsworth

Reply Posted February 27, 2008

DavidHuff wrote...

A job (unless it's a government job) is only as stable as the business that is creating that position. There's no reason a business can't be stable, it just takes some time to get to the point where it's well established. The main difference is that if it's your own business, you have more control. That can be good or bad depending on how competent you are as a business person.

ReplyPosted February 15, 2008

Lensmaster

It's going to be difficult for me to answer this without bias and objectively.

Before I became "unemployable" due to circumstances beyond my control, I think I would have said... Business is risky.

However, that was when the only business model I knew was either the "Mom and Pop" venture or the "Big Corporation" ventures.

So, knowing about the "Internet Based" business model now, my thoughts of business-related risk have greatly subsided.

I am so bias because Internet Marketing is my only means of survival now. For me, it's Internet Marketing or living on the streets.

Honestly, though... even knowing all of this, I would have to say....... "yep. Business is more of a risk."

And, Michael, what you said above was so true. Some people just are not cut out to work for others. And, in my opinion, you should never have to justify your decisions or your thoughts to anyone but your self and your wife. Best of luck to you in your business! Wendy J. Roan

ReplyPosted February 15, 2008

FrankKilgore wrote...

A business is more risky from the standpoint of stability. At the same time, a business is the least risky from the standpoints of personal fulfillment and personal control.
What do you think?

ReplyPosted February 12, 2008

 
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The Call of The Entrepreneur 

What is an entrepreneur? This video clip expresses it really well.

The Call of the Entrepreneur

The trailer for a new documentary being released by the Acton Institute that focuses on the stories of three entrepreneurs. A study of the call to create wealth and the benefit of business and free markets to society. Check out http://www.calloftheentrepreneur.com for information about premieres and related materials.

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Recommended Business Resources from Amazon 

The books listed here are some of the best that I have ever read. They will help you re-shape your mindset, so that you can achieve the success that you crave.

The 4-Hour Workweek: Escape 9-5, Live Anywhere, and Join the New Rich

The author prsents some reall[y radical steps in order to break the 9-5 grind. This book will change your thinking about meetings, email, and problem customers An absolute Must Read!

Amazon Price: $16.47 (as of 07/06/2009) Buy Now

From Cubicle Slave to the Next Internet Millionaire

If you saw the Next Internet Millionaire, first Internet Based Reality show created by Joel Comm, then you know why this book is a good choice. Or maybe you dont. The auther, who was named the Next Internet Millionaire in the last episode tells the behind-the-scenes story. She had the oopportunity to learn from the best in Internet Marking, including Rich Schefren and Mike Filsaime among others. She breaks down the training in a way that is understandable and compelling.

Amazon Price: $14.00 (as of 07/06/2009) Buy Now

Ready, Fire, Aim: Zero to $100 Million in No Time Flat (Agora Series)

The author presents some no-nonsense strategies to start a business from scratch and bring it to profitability.

Amazon Price: $17.61 (as of 07/06/2009) Buy Now

Rich Dad, Poor Dad: What the Rich Teach Their Kids About Money--That the Poor and Middle Class Do Not!

The author compares of ways of thinking about money. One of the best books that i have ever read.

Amazon Price: $10.79 (as of 07/06/2009) Buy Now

Why We Want You to Be Rich: Two Men, One Message

Combine Donald Trump, one of the most successful. business people ever, with Robert Kiyosaki, one of the best teachers in the area of finances and you get a hard-hitting no-nonsense treatise on how the middle class is shrinking, and why it is so important to escape the rat race and develop financial independence.

Amazon Price: $16.47 (as of 07/06/2009) Buy Now

No More Mondays Blog 

by Dan Miller

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48 Days Podcast 

by Dan Miller

This is one of the best podcasts that I have heard. Dan talks about finding a job that you will love. A common sense approach that you will find refreshing.

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New Post from Rich Schefren 

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What has been your biggest challange in developing your online business? 

Getting an online business going is extremely difficult. To do it right requires a huge learning curve. There are so many pieces that have to fit together.

FrankKilgore wrote...

Putting together my business plan and then executing it.

ReplyPosted February 12, 2008

Lensmaster

Kim Parsley wrote

Information Overload...

Kim Parsley
http://www.easymoneymanagementsystem.com
http://www.squidoo.com/Business_Worth

Reply Posted February 11, 2008

Lensmaster

Leo Hanes wrote

Hi Michael & Teresa

I just got around to checking your voice mail message...will try to return your call soon...

I have had a major interuption in my life so things have been rather hectic here lately

Congratulations on the addition to your new family

Leo & Theresia

Reply Posted January 13, 2008

Hal_Ninkaid wrote...

good luck with the new addition to the family. and the business.

ReplyPosted January 11, 2008