What I Learned From My Friend’s Successful Start-Up Business, Part 1
I used to go to his office and used to hang around him and his friends who were a part of the company.
They were hard workers as they worked seven days a week, putting in around 10 hours a day on weekdays and a bit less on the weekends.
Here’s a few things I learned from hanging around these people.
First of all, these guys have a ‘never give up’ mentality. They had started two businesses before this company which had failed.
However, I am certain that they learned from these failures and continued to come up with new business ideas until they finally came up with this company that they started in 2013.
They were constantly taking action and kept moving forward, even from all their setbacks they had went through.
The point here is that they believed that they could create a successful business, and NOTHING would stop them from doing so.
They saw other people making millions with their businesses, so why couldn’t THEY do it as well?
That is exactly what happened because even after failing with two businesses, they kept on going until they eventually became successful.
They believed that ANYONE can become successful if they take action and put in the time to achieve that success. They did not wish for it, they took action to turn their dreams into a reality.
Now, they are making substantial amounts of money after two years of building up their company. This is the mindset EVERYONE should have!
My next point is that they surrounded themselves with successful people. They knew that to become successful, you have to accompany yourself with other successful people.
That’s what they did, they brought successful entrepreneurs to invest into their company, and these entrepreneurs were mentors to them and helped them pave their way to success.
It was a win-win situation as these entrepreneurs gave the company equity expecting that the company would sell for a large amount of money in the future.
For those who don’t know what equity financing is, it is simply giving a company your own money in return for a percentage ownership in the company. If the company sells for $50 million dollars and you have 10% equity, then you will make $5 million dollars on your investment.
In simple, you can turn a small amount of money into substantial amounts if you invest in the right companies!
Anyways, the moral of the story here is to surround yourself with successful people who are also positive and motivating. You want to surround yourself with people who believe in you and who want nothing but success for you.
Next, these guys knew how to manage their time.
They understood the importance of having time on their side, and that’s why they were working seven days a week trying to improve their business and to get contracts with other businesses.
Time management is REALLY important!
They would come into the office around 8 am and leave there around 8 pm. Even when they got home, they would STILL be doing work because they used sites like Dropbox to connect everyone together.
Their work NEVER ended, but they LOVED doing it!
I used to make this mistake a lot and still do sometimes.
During my University years, I used to go to sleep around 3 am and wake up around 1 pm every day because I had evening classes. I did not realize the importance of TIME until I had visited my friend’s company at 8 am a few times.
They knew how important it was to start the day as early as possible so that they could maximize their ENTIRE day!
Until next time,
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