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When that money starts to come in?

Discussion in 'Mindset and Motivation' started by Rcastellon, May 26, 2016.

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  1. Rcastellon

    Rcastellon Member

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    As a young prospect entrepreneur i am interested to know from more experienced entrepreneurs how life was as soon as you seen your bank account grow and grow. Did people around you change? Did you notice you changed yourself?
     
  2. VirtualGlobalPhone

    VirtualGlobalPhone Moderator MVP Member

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    @Rcastellon

    Change is the only thing that its permanent in life.

    Change for others good and happiness, is what one really need to look up for. Then that change become just another regular thing that you do on daily basis and wont take over major portion of your thinking time.
     
    Last edited: Jun 16, 2016
    Rcastellon likes this.
  3. T J Tutor

    T J Tutor Member

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    Growth doesn't come from the money, positive growth comes from positive improvements in yourself. The people around you don't change as a result of your success, but you may find yourself with new people around you as you grow and succeed.
     
  4. Prinston Hicks

    Prinston Hicks Member

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    Becoming an entrepreneur requires a lot of discipline! It requires personal growth as well as developing skills. So if you value improving and continuing to grow or building a business and the people around you don't value or respect (keywords value and respect) what you're doing they will fall away. It's not because they're bad people but they just don't have the same values you do. As your money grows you simply won't have the same problems as you do now, they will change.

    People relate to each other based on similar interest, values, morals, and circumstances. Your circumstances will begin to change and you will not be able to relate to people who only related to you from circumstances. If people still relate to you in others areas maybe morals or interest those people stay around. It's interesting to see and you'll be surprised sometimes who actually supports your growth.
     
  5. stark_intern

    stark_intern Member

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    After years of living paycheck-to-paycheck in a dead end job, your business finally closes a couple of invoices. The brief flash of happiness this causes is immediately extinguished by the bills, of course, so you go ahead and juggle them as tradition dictates, taking care to not exceed the grace period.

    But something weird happens: there's some money left.

    Incredulous, you run the numbers again...and yep, you have money to spare.

    So you test the waters, at first slowly then rapidly. Maybe cover the next bill in your rotation, go get that haircut you've been putting off, or watch a movie while it's still in theaters. Months pass. Soon enough you're caught up on your bills, able to treat to dinner family/friends who stuck by you during the tough times. You might even dare the rampant temerity of taking a vacation (!)

    While all this is happening, the part of you that triaged bills; the soldier still at war; the part that helped you survive, still speaks in the back of your mind. "This won't last," the dark voice whispers at your psyche. "You're making a huge mistake, showboating like a capering fool." You want to challenge this inner voice, but deep down you know the soldier has a point.

    Little by little, you try to clamp down for the day when the sky falls--and deep down you know it will--but life feels so good that you slip more often than the soldier would prefer. Torn between these two drives, you work on a compromise.

    Luckily, you didn't have to work out exactly what you need to survive month-to-month--you already knew this by heart. You realize the startlingly simple compromise: take EXACTLY what you need for survival from every paycheck and put it in one bank account, take a couple hundred to pacify your new fun-loving self, and save the rest to another bank account to pacify the soldier.
     
    Jessica Danes and Carter like this.
  6. Ewa

    Ewa Member

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    Networking, very important.

    "People will remember you and value you most for how you helped them" - often, those strangers you help can become your business partners, friends, or help to you in the future.

    As for your clients, the more you try to help them - not only sell them something - the more you will see your account grow.
     
  7. moneytalks

    moneytalks Member

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    I think the only thing that has changed for me is that I breathe easier and sleep a little better at night. Personality wise, stay humble.
     
  8. Jessica Danes

    Jessica Danes MVP Member

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    I started handling my financials more appropriately, investing some, taking care of bills with others. I keep a catalog of possible appliances I'd love to offer in my store, so I often test and debate with myself if I believe it's a smart decision to invest. Like @moneytalks, I also sleep a little easier at night knowing my business is surviving. I also frequently check this article to make sure I'm not making horrible decisions.
     

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