17
Jan
2012
Entreprenuer Challenge: Starting In Your Industry
I’ll give you a little bit of an entrepreneurial journey that I went thru to get to where I am now and some of the things that I went across before I had my SEO company. I think there are tiny lessons. Everybody is going thru this entrepreneur challenge and are at totally different levels and there are key small excellences, those turning points that occurred for me that I look back on now and say, oh, wow that was a very significant event for me as an internet entrepreneur.
So first things first. When I was at college in Year twelve, I had a chum who was trading the stockmarket. We were sitting in mathematics class and he was telling me what quantity of cash he was making trading the stockmarket. I’m sitting there thinking, here I’m the dummy just sitting here learning mathematics and I am not making any cash, while he reckons he is making these thousands of dollars. It was actually the start of the tech boom and you might just about buy anything because the exchange was just going up and plenty of folks were making a lot of money.
When I got to the end of Year 12, against the better advice of friends and family, Mum and Dad, I didn’t go to university even though I went to a very good school in Melbourne and got a good high TER score. I decided, well, I’m working in a supermarket, let’s take out a $5000 loan and go and do one of those weekend share trading courses, one of those that promise you’re going to be a wizard by Monday morning. It will just take a weekend and maybe before I’m twenty, I’ll be able to retire on an island somewhere with people fanning me and on a big bed of money. It didn’t quite work out that way.
I took out the loan, continued to work at the supermarket. So I presumed, ok, I am going to find out how to trade the stock market. I went through this course and I suspect one of the first lessons I learnt was, in your wealth creation journey, you need to have cash flow. That truly is the start of all profit generation journeys.
Lots of folks sit there, particularly when they are new to small business internet marketing and they will hear all about this passive ongoing income and how great it is and building up assets and all this kind of thing. But the first thing you have to do is ensure that you have money flow sorted, so that way you have the basics covered. You have got your expenses, food, you have rent, all that type of thing covered. So always concentrate on that first before you start building these other stuff. In this matter, a few internet marketing reviews may be beneficial.
I found it very much in the stock market, a lot of people wouldn’t make any money in the stock market because they leave their nine to five job with their $10,000 and think they’re going to trade the stock market. But there’s a lot of entrepreneur challenge there when you’re trading the stock market if you’ve only got $10,000. You have to pay rent, so you continually remove money from the market to make sure that you can pay for rent and all that type of thing.
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