How To Be Entrepreneur

How To Be Entrepreneur

We live in one of the best times in history to be an Entrepreneur…

I believe that visionaries make great Entrepreneurs…

“Why”

First what is a visionary ?

“Defined broadly, a visionary, is one who can envision the future.”Wikipedia

I believe that we all are visionaries…

Second What is an Entrepreneur ?

1725: Richard Cantillon:

“An entrepreneur is a person who pays a certain price for a product to resell it at an uncertain price”

1934: Schumpeter:

“Entrepreneurs are innovators who use a process of shattering the status quo of the existing products and services, to set up new products, new services.”

1961: David McClleland:

An entrepreneur is a person with a high need for achievement. He is energetic and a moderate risk taker.

1964: Peter Drucker:

An entrepreneur searches for change, responds to it and exploits opportunities. Innovation is a specific tool of an entrepreneur, hence an effective entrepreneur converts a source into a resource.

The Conventional Entrepreneur

In the spring 1999

Entrepreneur

8 month after our first daughter

Jayda was born…

My wife Rachel and I had a strong

desire to start our own

Conventional Business.

After a months of looking for a building to rent,

borrowing $20k for start-up cost,

…equipment, office supplies and a start of a very small inventory, One Sop Glass, Inc. was born on  July 28th 1999

I proceeded to hire one full time and one part time employee..

Over the next five months we grossed just over $80,000 by the end of 1999

doesn’t sound to bad right ?

Well after overhead… like taxes, insurance, workers comp, rent, utilities, inventory,office supplies, used truck payment etc, etc, etc…

We had mad zero profit….

And if that wasn’t bad enough!

I still had not taken home a pay check….

Success And Failure Of A Conventional Entrepreneur

After 11 years of lots of hard work

Entrepreneur

Working 60 and sometimes 80 Hours per Week

We had built One Stop Glass, Inc. to a company doing

$2 million per year from a 10,000 square foot building

With 15 employees doing projects from $50 up to $600,000

Everything was just grand till April of 2008

We had just finished building a 4,500 sq ft home that we had planned to borrow equity against, to fund One Stop Glass, Inc next stage of growth…

However!!!

One month before our loan was to be approved

The Infamous Bear Stern went bankrupt

Our Loan Was Denied!!!

Over the next two years we busted our butts.

working twice as hard…

completed several million dollars of projects

that helped strengthen our financials…

We were then in desperate need of a loan..

So we decided to consolidate all

Of our Real Estate and lines of credit

to reduce our monthly expenses

At the same time increasing our line of credit to help carry the

$1.5 million of government contracts we had begun…

However this time the bank tried to pull a fast one on us… they proceeded to ask for all of our titles for anything of value that

We Outright owned…

…Have you ever felt like someone was about to take advantage of you ?

Well after the bank drug out the loan process for six months I knew

I was about to get Screwed…

After six month of racking up debt and cashing my

personal checks to pay for my guys out of town jobs

Our loan came back denied …

That was one of the most challenging weeks of my life

I first had to call all of the contractors we had signed contracts with

and give them the bad news then after making a decision to close

down the company

I had to meat with my dedicated employees

and give them the bad NEWS THAT SUCKED BAD

But I still had Hope

An Entrepreneur Always Has A Backup Plan

Remember I had mentioned earlier I Had a bad Feeling

when the bank ask for all my

Titles….

Well two months prior I began following a few Internet marketing Guys

with the objective of promoting One Stop Glass, Inc.

I became fascinated with what I was learning from the

Systems  & Processes they used to leverage the Internet

To promote there Direct sales companies…

So I started learning and mapped out

A Master plan that changed my life…

THE Entrepreneur MASTER PLAN

 

 

…For the last 2 years I have

Been Blessed to work on my terms…

 

…Using the power of the Internet

And Showing others how to do the same

 

PS – Make sure to LIKE, COMMENT and SHARE this post, and feel free to ask any questions you might have because, working together, we can make incredible things happen.

 

This video is public. How To Be An Entrepreneur – And Live Your Dreams

 

 

 

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