My original objectives for becoming an entrepreneur were to:
-Create something new, unique, and useful that would improve productivity.
-Stop working in a slow-moving bureaucracy.
-Be independent and control my own destiny.
-Spend less time traveling and commuting. That gets old in a hurry. (At two different times in my career, I commuted five hours a day. I totaled all the time I spent commuting plus working and calculated an hourly rate. At the time, if I could figure out a way to start a business and make ten dollars an hour, I would be way ahead of the game!)
-Apply management skills I had learned working at various companies.
– Do meaningful work.
You’ll notice that making money was not a motivating force in the beginning. I viewed making money more as a scorekeeping method than a step toward creating great personal wealth.
That changed over time. My secondary objectives became:
- Make a good living and save for retirement.
- Lead a balanced lifestyle.
- Grow the business.
- Eventually sell the business and do something else (like writing this book).
It took twenty-eight years, but we accomplished each of these goals. It was a great ride and rewarding in so many ways. It was by far the greatest experience of my professional life. I hope you get the same opportunity I had. I hope that the things I learned can help you succeed and achieve your goals, whatever they may be.
From…. Unlocking Your Entrepreneurial Potential: Marketing, Money, and Management Strategies for the Self-Funded Entrepreneur
by Tim S. McEneny
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