16/02/2023
Tips for start up entrepreneurs.
1. Pay rent upfront.
-There are no guarantees in business if your starting your unlikely to even Break Even. You need to pay the rent for atleast the whole first year upfront. While your trying to get customers.
2. Life style
-Be willing to adjust your lifestyle. There's to much uncertainty in business today you have money tomorrow your broke. So have no standards be willing to adjust your lifestyle now and then.
3. Get rid of that employee mentality.
-Employees earn salaries monthly but with business its different businesses are seasonal. A lot of businesses will make money in December a lot of businesses will not make money since people are going home. So there will be some dry months in business there's no fixed monthly profit. That's why we always talk annual turnover not monthly
4Don't take advice from people who have no experience in business especially people in Corporate.
- I've gotten the worse advices from people who are employed about my life and business. Telling me to give up and get a proper job first and hustle part time do business as a hobby, asking me when I'm buying a car, asking why they do not see any profit, telling me to quick too soon because there's no progress because someone who doesn't own a business doesn't know that you have to be patient and all.
5 Be willing to die for your dreams
-I've always been willing to die for my dreams. I travel accros Africa mining gold. The gold industry is like the taxi industry very dangerous people die in bushes everyday but I still go there. When I have to do something I do it.
I told myself that if I ever die while in persuit of my dreams that will be the best way to die. Just like Paul Walker said he would be smiling if he dies in an accident. If your really not brave enough to risk it all. Chances of you making it.
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