Get Into The Entrepreneur Mindset - 1418 Words

Get Into The Entrepreneur Mindset Let’s face it! 99% of us are not the children of business tycoons. Only 1% of the population inherits a fortune. The rest of us have to create our destiny. Why does only a tiny fraction of this 99% become self-made millionaires, while the majority of the population continues to be middle class or poor? If you think that the only way the middle class can become rich is by hitting the lottery, then you are mistaken! One-third of lottery winners ends up in a serious financial crisis or file for bankruptcy within five years of winning the lottery. This proves that getting the money from somewhere is not the solution. It can provide you the dream lifestyle only for a limited time until you blow it all up.†¦show more content†¦Excuse #1: It’s too risky to quit my job This would have been a valid excuse 10 years back before we all witnessed the recession in 2008, but not anymore. We all saw how millions of people lost their jobs and became unemployed overnight. Job security is a myth. The biggest risk you can take in life is to hand over the steering wheel of your life to your employer. When you totally depend on your employer for your monthly salary, you are literally at the mercy of the company. Even if you are one of the top performers in your company, there could be a lot of external factors that can put your job at risk. The company’s shares may go down in the stock market due to some negative PR and they may have to downsize. The management policies of the company may change due to their collaboration with a foreign partner. Or you may just end up fighting with your boss over a trivial issue and get fired! Anything is possible. On the other hand, if you are an entrepreneur, you take total control over your life. You can set targets for your business and get the resources to achieve it. If you can see some great opportunities coming up in your industry, you can take the action steps that can double or triple your business. You need not wait for a pay raise! If you foresee some challenges in the market, you can quickly take the necessary steps to diversify your portfolio and safeguard your