Monday, April 30, 2007

From 'Poor' to 'RICH'! 2

The #1 Asset A Person Can Build Is To...
"Build A Business"

This IS the Secret! We all ready for total financial
freedom... I hope? Well, if you are, you must build your
own business in order to achieve it.

A huge majority of people want to start their own
business. Sadly, few ever do.

The Reasons: Most people can't afford to invest 5-10
years for their business to become successful... Or they
can't afford the amount of money it takes to build a

I was reading about businesses and how they fare in their
first few years, the statistics are frightening... this fact is
verified by the U.S. Small Business Administration (SBA):

50% of small businesses fail in their first year and...
95% of small businesses fail within their first 5 years.

Above all, people have a fear of failure and this is why
most people don't start a business for themselves.
Instead, they go for "job security" and play it safe.

WAKE UP RIGHT NOW... "Job Security" is a JOKE!
You are well aware of the massive uncertainties such as
companylayoffs that are happening today. Why would
anyone commit so much of their time to working on
something they have NO control over? To me, that is 
most risky!

The truth of the matter is that you don't own
your JOB,it owns you. You'd have to agree that
working a JOB (or a career) is like a form of

You don't have control over how much money you
can earn

Or what time you have to wake up every

Or where you have to be each day

Or what you have to do while you are there

Or what time you can get off... The listis almost endless

By knowing this information, you can learn how to
regain control of your life, your time, and your salary.

Something else you should consider is your retirement. Are you making concrete plan for live after
your outhful life at your regular job?

Today, most importantly, you want to own your own
business to get your dignity back and take back control
of your own life.

Don't start a business that "owns" you either. This is a
death trap too. If you are a sole-practitioner, you've
basically created a business that controls you and not
one that you control.

Remember, you are striving for TOTAL Financial and
Time Freedom and if you have a small business that
requires 110% of your time and energy, this is no better
than having a JOB!

Let's face another harsh reality that when you trade your
time for a salary, you are nothing more than a 'slave to
the clock' and you will never become wealthy.

I'm not advocating that you quit you job. You need some
steady income to fall back on while you grow your business.

Though it is better to get a low payiing job that affords you
time to do your own thing than a business that pays well and
takes your whole day.

If you are in a business that takes all of your time then have 
a 3-5 year plan to exit the place. Begin to sensitize your self
and get ready. Refer to immediate past post on how.

I hope i have been able to convince you to start planning
to take charge of your life.

Quote of the post
"Past is past and we must live the present to survive
the future." - Martin Ducavne

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