Download Now!
Entrepreneurship encompasses a lot of things, and one of the best things it comes with is personal development. Should everyone be an entrepreneur? Is it all just about making more money? In today’s episode, Nate talks about what an entrepreneur really is. Check it out!
Recently on Facebook, I posted the question: Should everyone be an entrepreneur? Now, there’s a lot of heated debate on this question. I got some interesting responses. A lot of them were no. Your answer to that question might be no as well. But I’m betting that after this episode, I’m going to change your answer to yes and you’re going to be agreeing with me that everyone should be an entrepreneur. Let’s see what happens. Here’s what I’m going to present in this video. I’m kind of excited about this one. So, first of all, I want to get your responses. There’s a poll right here because I want to know do you think that everyone should be an entrepreneur? Okay? And then I’m going to dive into everyone else’s responses on this Facebook post. And you’ll see what everyone’s opinion is. But then I’m going to lay the case of why I think that everyone should be an entrepreneur. Now, I know you might think I’m crazy but I’m betting by the end of this episode that most of you are going to change your mind and you’re going to agree with me. Are you ready? So, the the very first response, quickest one that I got said, “Nope” right off the bat so I asked him why. And he… You know, somebody else responded. “Because not everyone has the desire of the ability.” Nathalie Bowman says, “No, my husband would hate it.” Teddy Hodges said, “Hahaha! No.” Mary says, “Of course not.” Ashley says, “Definitely not.” Mario says, “I believe anyone can. Should they, however? The choice is theirs.” Jason says. “Nope.” Michele says “Nope.” Kevin says “Not everyone is suited.” Erin says, “Nope.” Felicia says, “Nope. Not everyone is cut out for it.” Gina says, “No. We’re all here for different reasons.” Charlotte says, “No, it’s not for everyone. The world is vast there’s a place for everyone.” I love that answer. Kristen says, “Definitely not.” Robin Scott says, “You bet your sweet bippy…” They said… So, we got one vote yes. Mary says, “Stupid question.” Oh, yeah. Oh, that hurts, Mary. Julie says, “Nope.” Naomi says, “The world needs more leadership but that doesn’t always look like entrepreneurship.” Okay. Bill says, “No.” There were a couple that were more in favor. So Molly says, “Well, when you think about it, an entrepreneur is really a mindset not a job. It’s a mindset so on so forth.” So she says. “Yes. I think everyone should be an entrepreneur.” Kind of like her line of thinking there. And Richie says, “Well, anyone that wants should. Entrepreneurship is 100% learnable skill.” So overwhelmingly, the response to my question was a big no or no absolutely not. Or that was a stupid question. Okay, let me make a case for entrepreneurship. First, I believe within my soul that entrepreneurship is noble. There’s just something about everything that you go through as an entrepreneur that means growth. That means to struggle and triumph. It’s kind of like this battle of good versus evil. At least that’s how I feel about it in my mind. Like there’s just something noble about entrepreneurship. So, let’s get specific. Like, entrepreneurs create. It is such an important part of life to create. To go to religion a little bit I believe that one day I get to become like my God. You know my God who created this planet, I am his child and I am an heir to what he is. I get to become a creator and in this life I get to experience that. And there are a lot of ways that we can create. Entrepreneurship is a huge one. You know, we face challenges and problems. Like at another another huge advantage to entrepreneurship that I see is that we get to make mistakes and learn from them. See, entrepreneurs have tenacity. They have that stick-to-it-ness. When they fall, they pick themselves back up they brush themselves off. They learned from it and they try something else. And they keep going. Like my own journey. 8 years a financial rollercoaster. I believe in entrepreneurship so much that just a few years ago at one of the financial bottoms, you know, being a dad going to my mom and saying, “Hey, mom. Can I borrow some money? Or really, can I have some money?” And the response that I expected in the response that she gave that stunk so much is, “Nate, why don’t you just get a job? It hurts. It hurts because I feel like I’m working for something that’s more noble that I’ve created something. I’ve grown so much. And I believe in my ideas. I know that it’s going to work and other people in those low moments can’t see that. So glad that my mom is so super proud of me right now. That I did stick with it. You know, the first eight years were that financial rollercoaster. The last couple of years, yeah, I guess maybe I finally arrived. I felt like I still got a ton of goals but I’m just not under any financial stress like I experienced often throughout those first 8 years. So, how is that a benefit of entrepreneurship? Well, I look back in what I trade it, like part of me wants to say yes. But the other part of me is like, “I wouldn’t be the person I am today without those struggles. I love the opportunity of trying something, failing at it but learning from it.” Now, I have wisdom. I have so much wisdom from all these lousy mistakes that I made. All these lessons that I learned. Entrepreneurship is like the best personal development program I could ever go into. I mean I love everything that I learned by being a part of a religion and being a man of faith. I love all the lessons that I learned of being a family man. Being a husband, being a father. I learned so much. Entrepreneurship is right up there. Entrepreneurship is an amazing personal development program. In order to succeed as an entrepreneur and to succeed in a really competitive world, you’ve got to innovate. You’ve got to be a problem solver. You’ve got to find solutions. And I love efficiency. I call myself the master of efficiency. Entrepreneurs become really good at finding more and more efficient ways of doing things. Have you seen the Disney movie Moana? You know, the Hawaiian Disney Princess? I think she’s an entrepreneur. Okay, so here’s what I mean. I think entrepreneurs have gotten really good at listening to that inner voice, right? Moana, she had responsibilities on the island. She grew up and she really respected that. She loved her Island, she loved her people but there was this inner voice calling to her something that she needed to do. And ultimately, when she followed that inner voice, she ended up serving her people on the island in a much bigger way. And my journey of entrepreneurship, I’ve had a lot of experiences of hearing that inner voice and when I do follow that inner voice, it’s hard. Especially when everyone around you tells you that you’re crazy. I mean in the Moana movie, right? People told her that she was crazy. That she was kooky dux. You know, even when… And it doesn’t seem to be working. Yet I know and I just fill this voice inside telling me, “This is what… This is what you’re meant to do. You can do this you can succeed even when no one else around you believes.” Entrepreneurship gives you a great opportunity to listen to that inner voice. Entrepreneurs also learn leadership. Just by the nature of turning your business from self-employed to really being a business owner, you hire people, you lead people you train people and over time, you get better and better at it. You’ll learn leadership. Another great advantage of entrepreneurship is you learn public speaking. I am quite introverted. At least I feel like I’m an extrovert inside. It doesn’t really make sense to other people. That’s how I feel. But I’ve had to learn to speak in front of people. I speak on stages now and what used to totally terrify me now lights me up. It’s totally because of this journey that I put myself on on entrepreneurship. I’ve got a big one for you. Entrepreneurs have to learn self-discipline. And when you don’t have co-workers around you, if you don’t have a boss like needing reports or needing things by a deadline, you control the deadlines. You have to learn self-discipline. And a lot of people say that they can’t handle entrepreneurship because they don’t have that self-discipline. I didn’t have the best self-discipline in the beginning and that’s why my business is early on weren’t as successful. But I’ve learned self-discipline. And so if you want to learn self-discipline, become an entrepreneur. An amazing principle that I’m teaching my kids right now is the difference between trading time for money and trading ideas for money, right? Or learning the principle of leverage. And in talking to my kids about this they really got excited. And my daughter asked me the question like, “Well, dad. Where’s a good place to start?” And I said, ‘Well, maybe it is a good place to start trading time for money. So you can learn what that’s like.” And and I let them know that you know right now, when people hire me for consulting, I charge a thousand dollars per hour. And my kids were pretty impressed with that. And and they had a hard time comprehending that I said, “I really don’t enjoy it.” Because I don’t. It’s really taxing on my brain because I put a lot into it. I really want to help them and leading up to it. My brain gets worn out and exhausted. But no matter how high a dollar amount you can put on trading time for money, there’s still that ceiling. And there is a difference of leverage and really trading your ideas for money. I mean, one of the most exciting I’m working on right now and my videographer might be excited to hear this. I’m actually writing a book series a Fantasy book series. I don’t know why. Maybe this is audacious but I’m confident that it’s going to rival Harry Potter. I love the Harry Potter series. I’ve learned so much by reading that. I listen to it. In the spring again. And as I listen to it I just know I can do this. And I’m putting my ideas out there. I’m writing this series and that’s a way that I’m going to be leveraging my time for money. Being an entrepreneurial II helped me learn and understand this principle. Okay, so you tell me, should everyone create? Do you think it could be good if everyone learned to innovate? To be creative? To learn to be problem solvers? Do you think it would be good for everyone to learn to make mistakes and try again? To pick themselves up and to keep trying until they succeeded? Do you think that everyone should go through a great personal development program? Do you think that personal development is valuable? What about listening to that inner voice? That Moana voice that I described? Do you think that that’s important for people to learn to listen to? What about developing leadership? What about developing public speaking skills? What about developing self-discipline? Is that important for people to learn? And what about that lesson of trading time for money versus trading ideas for money? Do you think that that’s an important lesson to learn? That’s why I think everyone should be an entrepreneur. Now, I admit… I don’t know if I can do a second poll in the video. I’m going to try it. If not go ahead and do it in the comments below but I just I’ll ask the question if your answer changed. Now do you think that everyone should be an entrepreneur? On the topic of entrepreneurship, there’s another video. I’ll link to right here that I think you’ll really enjoy watching next. It’s how to get people to buy your product. In that video, I take you through my journey of where I had a great idea, I knew it was going to work but nobody would buy it and then how I was able to transform that now I’ve got a great track record of success. And it’s a pretty simple formula. It takes some time but if you follow it, you’ll get results as well. So, link to that video.