In this third installment of an ongoing series, I explore what people face if they don’t consider going off and starting their own business.
As the stick is a far more effective (if less desired) teacher than the carrot, I’ll cut to the chase. You need to realize how limited, and likely how miserable, your entire life will be if you don’t consider this option.
Of course, most people don’t cross this bridge, and many people have no business trying. The economy needs employees, followers, loyal consumers. I’m just saying that the opinion leaders, the movers and shakers, turned their backs on the path followed by most everyone else. It depends on what you want.
If you want to control your life, to be able to decide what to do, when to do it and with whom to do it, you have to be some sort of entrepreneur. That does not mean being fabulously wealthy, unless you define wealth in a non-monetary sense, that being measured simply as the freedom from control by someone else.
But here is the sticking point. To become and remain an employee, you must always be willing to be controlled. And as control requires dependence, because dependence enhances control, you will quickly end up in a quicksand where your life is Groundhog Day.
I meet with hundreds of entrepreneurs a year…from the smart operators to the ones as dumb and conceited as a rock to the real “game changers” out to change the world.
I have always been particularly intrigued with this last group of people.
Here are some personal thoughts as to what makes them unique in their own way in case you’re still wondering what differentiates a “game changer” from the rest of us.
Game Changers have:
1. An uncanny vision – One thing that is happening today the world over is the widening gap between rich and poor. The game changer is the one who can connect the dots better and faster than most people out there and pushes the next billion people towards financial inclusion, strategically and socially.
2. Swashbuckling Guts – This may sound obvious but never underestimate how gutsy this special breed of people can be…. in addition to the fact that they can transmit this trait to their inner circle too creating a viral effect second to none. Their “take no prisoners” approach is indeed contagious.
it is a sad fact today that most people starting with students are financially illiterate.
Here are some sobering facts:
• The average score on a freshman “financial literacy exam” was 59%, according to the JumpStart Coalition.
• The average student has roughly $23,000 in student loans, $4,000 in credit card debt and four credit cards.
• An average of 7% percent of graduates default on their student loans within the first few years.
Here’s what students are begging to understand:
• 84% say they need more education on financial management, according to Sallie Mae.
• 62% say their knowledge of credit reports is either fair or poor, according to the Consumer Federation of America.
• 60% have only a vague understanding of their debt, according to The Free Library.com.
So what can we – as parents, activists and educators do?
Life is a two-way street and anyone successful, whether in a personal relationship or in business, and definitely in politics, learns to execute this principle without fail.
There are people who act as if the person who asks them for a favor is committing a grave offense. Such people imagine they are above doing favors — or at the very least, doing favors for you. The problem is that society is about trades, and many relationships are transactional. A non-trader, as it were, will only transaction with you if he “wins” the trade. Recognize this person as the non-reciprocator that he is. You are not and cannot ever build anything with this person. If he is a client prospect, consider whether his business is worth it, for these people are too often far more trouble than they’re worth. If he is an employee, consider finding ways to get rid of him. That’s what Human Resources is for — to get rid of your problem employees! Your relationship with the non-trader will never be respectful, will never be symbiotic. Win your encounters with the non-trader, and then avoid and shun him. Show no more respect than you’re shown, and show neither hesitation nor mercy. Be decisive. Ships last long if they avoid icebergs.
I don’t care what you’re doing in your life but you’re walking around with a safety net underneath it. Most everyone is. The safety net keeps you from pushing your limits, your comfort, your ability to see consequences.
Don’t be stupid and live like you’re going to die tomorrow. Go to work. Love your family. Be good and do good to others. But don’t spend a lot of time on backup plans or “recovery mechanisms”.
I am finding out that there is nothing more perverse than to speak the truth.
Far too many people do not understand how profound the real honest truth really is, so they make up stories, lies, and other fictions to cover their perceived lack of interesting thoughts and events.
I read once that dumb people talk about people, average people talk about events, smart people talk about concepts and ideas. Geniuses talk about “meaning”.
Seventeen years ago, I read a book called The Evolving Self. Though I didn’t realize it at the time, it profoundly affected the direction of my life.
Since reading that book, I have dedicated my life to coming ever closer to getting a glimpse of the universal order, and of our part in it.
After years of research and analysis, I’ve come to the conclusion that we, in fact, live in a neo-feudal society built on debt and mental slavery.
That may sound like over-the-top rhetoric, and it obviously sounds extreme to propagandized and conditioned minds, and yes, it is extreme. However, it is the unfortunate reality of the present situation. The facts are there for the rational and unbiased mind to absorb and comprehend.
Let’s start by giving some context and perspective on present circumstances by breaking down some economic data. As Thomas Jefferson once said, “Enlighten the people generally, and tyranny and oppressions of body and mind will vanish like evil spirits at the dawn of day.”
Turkey is today at the center of the world with on one side Russia, on another side the Gulf countries, and on the other side the Central East Asian countries., it is without a doubt turning into a tourist and financial and investment center in the region second to none.
Having bounced back from its own profound financial crises in 1994 and 2000, Turkey is indeed well prepared today to ride out the current global economic storm.
With the bank’s capital adequacy ratios at more than 17% — it is clear that Turkish banks are today very liquid and stable, even despite the adverse global market conditions we are facing.
Because of the country’s political stability since 2003, its financial market stability, and the liquidity of its banks, investors are today flocking to Turkey to invest in there.
In the last 30 years for example, and up to 2003, Turkey had only $5 billion or $6 billion in foreign direct investments. Since 2003, the country have had more than $15 billion to $20 billion in direct investments as equity.