I wanted to take the time to reflect on the entrepreneur ladder and its significance in our business journey. Firstly, I shared this ladder with you to illustrate that there is a path to the top, where you can become an investor, leveraging your skills at each rung along the way. However, it’s essential to […]
A Wrap of the Entrepreneur Ladder Read More »
Let’s wrap up the investor rung with some final thoughts. One mental hurdle that often crushes people’s dreams is the fear of making money with other people’s money. “If I invest their money and lose it, I’ll be a terrible person.” If you can’t overcome this mindset, then investing may not be for you. The
Trip Hazards on the Investor Rung Read More »
The Holy Grail? As we reach the pinnacle of the entrepreneur ladder, our focus shifts entirely towards making money with money, often utilizing the funds of others. Look at Warren Buffet. Warren Buffet assesses investments and deploys capital to generate more capital. The key to maximizing our earning potential is allowing our money to work
Once you’ve completely freed yourself from the daily operations of a business, you’ve truly stepped into the role of an owner, but there’s still more room to grow. Transitioning from being self-employed to becoming an entrepreneur requires you to consolidate and leverage all the skills you’ve acquired thus far. Because on the entrepreneur rung, your
The Entrepreneur Rung Read More »
The rung of business owner is a game-changer. On this owner rung, you will have built a remarkable leadership team that has assumed full responsibility for the day-to-day operations of your business. This step is tough. It requires you to step back, to cultivate a team capable enough to run the business on your behalf,
Once you make your first hire, you embark on the journey of mastering the art of management. This is the pivotal skillset you will acquire on the manager rung of the entrepreneur ladder. Your focus now shifts to cultivating productive and efficient employees. You transition from being the sole driver of your business to accomplishing
Once you ascend to the director level, your focus shifts inward to the realm of your mind. By the way, job titles at this level include prestigious positions like CEO, CFO, and others. Your role as a director is to steer the company towards success, and your tasks and tactics revolve around two key objectives.
Let’s delve into the second rung of the entrepreneurial ladder: becoming self-employed. On this rung, your role is quite similar to that of an employee, rather than a manager. Continue learning and leveraging the knowledge you gained during your time as an employee. Utilize this knowledge to create efficient processes for your business. However, it’s
Self-Employed Rung Read More »
Today, let’s revisit yesterday’s message and reflect upon an important truth. No high-performer in their right mind willingly lets go of the competitive advantages they can gain. So, why do business owners often reject the same type of guidance and support? It all comes down to self-sabotage—the age-old question of “Yeah, but what if it
I Want To Do This On My Own Read More »
Today, we’ll dive into the crucial steps of becoming an entrepreneur. Over the next few days, we’ll explore each step in detail. Step one: Be an employee. Get paid while learning the intricacies of business from someone else. Step two: Venture into self-employment. You may recall the saying, “I used to work for an idiot,
Entrepreneur Ladder Read More »
