Friday, April 5, 2013
What made me want to be an entrepreneur?
Entrepreneurship started in a big way when I used to play poker online; It was nice making my own hours and being responsible for my own success rather than depending one someone else to give it to me as I grinded my way through a 50 hour a week job making money for someone else.
I decided I was going to start my own business for sure when I left nursing school for committee interdisciplinary major; kind of burning my bridges in a way. I started reading everything I could get my hands on about success principles, money mindset, entrepreneurship, ect. Most of the advice seems to be 'follow your bliss, take action, and keep trying until something works.' I tried opening up a cleaning business while in college (got supplies, had chicks lined up to work, registered an LLC. Was gonna have hot girls go clean dudes houses after keggers/moveout in hockey jerseys; seemed solid) Then I realized I needed to do something I loved (which wasn't cleaning) as this is going to be a big part of my life.
Found the idea for float hub, something I loved based on my experience meditating. Went SUPER far in making that a reality, meetings with lawyers, designers, looking at locations, drawing up building plans, business plan, meetings with investors and ran into somewhat of a road block looking for funding (@ 26 with no real skin in the game, no experience running a business and a pretty new 'strange' idea it becomes hard to find people who will fork over hundreds of thousands of dollars; I won't say its impossible but your deff not getting anything from banks).
I realized in the short term I need something that doesn't cost money, and still allows me my free time. I'm ~250k away from making float hub happen so that moved to a long term project. Which is good because I realized I don't necessarily want to be stuck running business in one location at this time in my life. I want to get out and run around the world for a couple years. I still plan on opening a fuck ton of floatation centers around the US but I'm giving it time to come together.
Realizing I needed to find something that I don't need investors to start (as I'm semi back following someone elses rules again), doesn't need much capital to start (as I'm currently broke) and doesn't require my attention 8 hours/day (because there is a lot of life to live) I set out with the intention to find it (At the same time my mom got me a 'career coach' to help me find a job :/). I Kept reading books, looking for solutions and going to local entrepreneur meetings to make connections with other entrepreneurs.
Then I found my current project; Kindle Publishing. I met a guy whose big in the internet marketing and also loved the idea. He could show me the behind the scenes world of the internet. So my next goal was to start making ebooks! I had been reading a blogger (stevepavlina.com) who has some really good information and released the copyright on it awhile back encouraging people to make books from his info. Spend 3 10 hour days figuring out the process; got a cover made on fiverr.com for $5 and attempted to release my first book on passive income. Cut that book down to nothing but the NUTS; took out all his stories about himself and called it 'fu*k Jobs.' The first book got denied by amazon; the fuck jobs book - for what ever reason; got let through. Sweet I got a book up.
We'll that was the end of February; through-out march the book averaged a little over 10 sales/day. Bringing in around $800. I started to see the books as little stocks I could make once that would keep paying me month after month. The more books you put out; the better you get at putting books out; the more money you have coming in from sales. My goal is to put out 100 books this year. 5k/month should be very attainable. Money I get without trading my time for it while being able to maintain it anywhere in the world via internet connection.
The whole process is making me realize how much money there is to be made online. You can sell physical products on amazon by renting space in their warehouse; have software developed for companies; use existing code for mobile games and re-skin them. I plan on trying a little bit of everything after I get a good income coming in from books. I have 7 writers working for me right now and I'm continually adding more. I don't even write the books! So far its fantastic!
But yeah; feel free to run any ideas off me. I'm getting pretty wise as far as the whole starting a business is concerned and what you should focus on. There is a lean start-up movement taking place right now around starting business as cheap as possible.
I'll leave you with some pretty good podcast that I listen to; Entreleadership podcast, The rise to the top; and Smart Passive Income.