In this video successful business owner, Randy Shrum, shares with you his thoughts on why you should become an entrepreneur. He also reveals a revolutionary thought – money does not come from your hands but your mind.
How to become an Entrepreneur
Maybe you are looking for money today to pay the bills, buy that next car or go on a family vacation. But what you need to know is that money does not start in your hands. It first starts in your head.
Randy got started in business back in 1999 and read a book called ‘Multiple Streams of Income' and it really revolutionised his thinking.
What he learnt was that what he was being taught in the educational system was totally contrary to what it takes to be a successful entrepreneur and business owner. For some, the word entrepreneur or business owner is completely foreign.
Why should you become an Entrepreneur? The Industrial Age model is Obsolete
The education system does not teach you how to make money. It teaches you how to work in a broken industrial age model that is becoming obsolete.
What do I mean by obsolete? Well, when you lay your head down at night and you really don’t know whether you will have your job tomorrow.
In corporate America or other industrialised countries around the world, companies are trimming their bottom line. This is not because things are not great in the company but they want to increase profits and one way to do this to cut expenditure by laying workers off.
Some may say, “Why would they do that?” It’s called capitalism and a reality in the industrialised world. In the age we now live, a company will no longer keep an employee for 30 -40 years and give him a gold watch and nice pension on retirement.
Jobs for life are a thing of the past.
But our educational system is still teaching and preparing people to go out into a world that is fast becoming obsolete. In school and college you are taught to study hard in school, get a good job, a mortgage, a car and work 40 years of your life …and now by the way, you’ll retire on half of what you got while you were working and that was not enough to survive on in the first place.
The reality is during that 40 years of working you spent 10 hours a day away from the home that you’re paying a mortgage on… so that you can pay for the mortgage. You will also spend that time away from your family and the people that you love so dearly and that you’re working so hard for.
The result is you end up working more and staying away from the people you love and the things you enjoy because you bought in to this broken industrial age model. This has no security at all and the secure job most people thought was safe is what Les Brown terms, ”Safe is the new risky.”
It is now a riskier bet and that has no security at all and it’s a bigger gamble today to continue to stay in that model.
The world is currently in a financial crisis and todays world is different than it used to be. It’s time to stop suffering and that only will happen when you get truthful financial education.
This will not come from the regular public educational system. It’s initially going to come from people like you and I deciding to read the right books and seeking out those who are successful entrepreneurs.
If you’re the smartest person in the room… you’re in the wrong room
You’ve then got to put yourself ‘in the room’ with those kind of people and rub shoulders with them. You see, if you are the smartest person in the room, you are probably in the wrong room.
So go and find a group of entrepreneurs who are more successful than you, who are earning 6 and 7-figures, or even 8-figures. Put yourself in those environments and start learning from them.
That’s how the power of a mastermind works. If you do not know hat that is then search it. It’s where 2 + 2 no longer equals 4. It could equal 5 because of the synergistic elements that are in the room.
Successful entrepreneurs like Randy Schrum will tell you that they have received so much power from associating with people who are smarter and more successful than him.
Go and find and read the books by successful entrepreneurs like Kevin Harrington, Donald Trump, Mark Cuban, Robert Allen and so many others. They have paved the way.
Read those books. Study and become a student. Become a sponge and soak up all the wealth of information they have on how to become a successful entrepreneur.
Change your thinking and ask yourself when you’re reviewing your financial situation and where you’re at in your career, “Am I thinking like an employee or am I thinking like an entrepreneur?”
Because they are 2 totally different things. Employees think in an obsolete industrial age model type of way, which is not secure and one of the biggest gambles you can do today.
Or you can think like an entrepreneur and think of ways to create income. Because in this way money starts in your head and not in your hands like the old industrial age model.
Forbes magazine has written several times on this very topic – the great college hoax. Go and Google it. These are great articles.
Don’t misunderstand me. I’m not knocking college. I know some of you reading this may have degrees, masters and doctorates. But here’s the reality – when you compare those that went to college to those that did not, the incomes were just about the same.
That is a staggering thought after all the thousand’s of dollars paid for a college education. Therein lies the problem in thinking that a college education will automatically guarantee you more income.
There is a caveat to this, in that if you go to one of the Ivy League Colleges, and can pay the astronomical fees associated with their education, with the contacts you establish, you are more likely to have a higher income.
Reprogram your thinking about money to become an Entrepreneur
If you want to reprogram your thinking about money, you want to start thinking in a way that allows you to become an entrepreneur. Rethink and ask yourself, “What is true financial security?”
While you are re-evaluating what true financial security is, think about what you would do if you had more time? What would you do with your family? Why would you want want to have your own business, work from home and become an entrepreneur?
What are the pluses and minuses? Maybe you could spend more time with your family. Go on more vacations. Maybe have geographical freedom and work anywhere in the world.
What could you do? What do you love? What are you passionate about? Weigh up the options and consider the costs.
There is a cost to being an entrepreneur. Because it is such a new world when you decide to do it is initially totally foreign to you. Remember, the education system does not teach you how to make money as an entrepreneur.
There are educators and teachers that teach from an educational position on entrepreneurship but the majority of that is theory. Most of these teachers have never been successful entrepreneurs themselves. They have never done it in the real world.
Whatever you do – decide to take action. Decide to take action and get around a group of entrepreneurs who are successful. Consider the market place. Where are the hottest trends?
Undoubtedly the biggest trend right now is on the internet and most shoppers and buyers are all moving online. Think about that.
Find out the best books to read. Decide to become a member of a group or mastermind. Decide to become financially secure by your own decisions and do not let that be determined by somebody else.
Just think about this! Why is it on Monday mornings heart attack rates increase by 35 per cent?
Wherever you are in your journey reach out and take the next step on your journey to becoming a successful entrepreneur and gain the benefits that come with that – the ability to become financially independent, spend more time with those that you love and have the freedom work anywhere in the world as long as you have access to a computer and a the internet.
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