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90% of Wealthy People Own Businesses — Here’s How to Start One on the Side (Without an MBA) | by Tim Denning | Nov, 2023

November 29, 2023
in Startups
Reading Time: 4 mins read
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90% of Wealthy People Own Businesses — Here’s How to Start One on the Side (Without an MBA) | by Tim Denning | Nov, 2023

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“Concepts” are value lower than an empty can of Coke

Tim Denning
Entrepreneur's Handbook
Picture Credit score-Midjourney

My enterprise ruined me at 26.

I by no means needed to personal a enterprise once more. All I felt was ache and that manifested into psychological sickness. It’s what led me to get a boring job.

Quite than admit failure or perceive {that a} enterprise can fail and the founder may be reborn once more, I selected accountable enterprise.

“Enterprise is just too onerous”“A co-founder is a should”“You want an MBA to be good at enterprise”“You must be born a sure approach to run a enterprise”“Entrepreneurship requires you to work tougher than an worker”

All of this stuff are a lie.

As rapper Jay Z stated, “I’m not a businessman… I’m a enterprise, man.” All of us are strolling, speaking companies. We both get a wage from an employer or income from a enterprise. However we’re all a enterprise.

Since I discovered this harsh lesson, whereas working in banking, I noticed I used to be losing my life as an worker. So I began a facet enterprise and tried to rebuild slowly.

Right here’s the reality they don’t educate in school:

88% of millionaires are entrepreneurs.

You possible gained’t get rich placing cash right into a financial savings account or shopping for index funds. That is the lie you’re bought so that you by no means get rich.

Everybody ought to begin a enterprise a minimum of as soon as in life. Right here’s how I did it and you’ll too (whereas staying at your job).

Final night time I used to be chatting to a Canadian wannabe course creator.

He tried to inform me he was set and would launch his course quickly. I requested him one query: the place do the purchasers come from?

“Ohhh…you realize…a couple of LinkedIn teams I’m in.”

The man’s delusional. I run a 7-figure academy and programs gross sales come from e mail lists. The massive mistake this man made is he stop his job to begin this schooling…

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