I know we’ve talked about this before. We’ve brought it up for many episodes, but I feel it necessary to talk about this again. Entrepreneurism. Stay tuned.
From Philadelphia, the home of the Liberty Bell, Financial Freedom Radio starts now. Here’s your host, Raymond Jewell.
So talking about entrepreneurism, some people may get tired of hearing about it, but this is the time in our economy where we need to pay attention to it. A lot of things are happening and we’re seeing a lot of businesses struggling, we’re seeing a lot of businesses taking off. We’re going to talk about it again. I’ve got some really neat places that you can go to get information. Again, before I forget, Steve’s going to get me for this. I need to remind you to like, share, and tell your friends about FinancialFreedomRadio.com We’re blessed that you’re here. We love getting referrals, just like any business. We build our listener base off of referrals. We ask you to send your friends. FinancialFreedomRadio.com or YouTube.com/FinancialFreedomRadio.
Good morning, Steve. It’s afternoon today, isn’t it?
It is afternoon as we record this right now. So good afternoon sir. How are you?
I did and changed my shirt. I have to look presentable.
Well, I don’t know.
Scruffy isn’t good.
We’re going to continue talking about a topic I know you love to hear. It’s entrepreneurism.
I love entrepreneurism.
Did you know that salesforce is buying slack for $27 billion?
I did not know that.
SalesForce is based on the climate that is happening with people working at home, more people are working at home. More businesses are allowing people to work at home because of Covid. This shutdown is really taking a new position as far as the workplace. The workplace is evolving into more of a home-based business workplace. Whereas years ago, it wasn’t. You’ve got Salesforce that is buying slack. Slack is a platform that allows you to text and video.
It’s like a group conversation software where you can ask a question and anyone can connect in and answer that question. We don’t use Slack, but we use something very similar in our other job. It’s basically a collaboration tool.
Right. So that’s a big move for Salesforce to start to figure out that the work from home space is becoming huge. This is an important step and we’re seeing it more and more in the entrepreneurism focus. More businesses are being allowed to work from home as I said earlier, but now that government is acknowledging work at home and giving tax benefits to do it. If you go to the IRS.gov/business-small-business-self-employed. You will find a whole plethora of information out there that you can research to learn about small business. You can download articles. Steve, you’ve been running a small business for a while. You’re very doing well with it. It’s started to build. You’re seeing some great results. You’re proof that it works. More people now are stepping into that marketplace. You’re doing it at your speed.
It’s funny you’d mention that because I was talking to my wife and we’re starting to have some growing pains. Life begins at the edge of your comfort zone and I’m right at the edge of what I’m comfortable with as far as growth goes. So I have to decide is this a good healthy growth pace for me or do I need to step it up, slow it down. I’m getting a little ancy with how fast we’re growing and how much money we’re making.
That’s what happens. It’s called focus. The more you focus on something, the more it materializes. That’s in anything. Look at thieves and bank robbers. That’s a bad career, you shouldn’t do it, but bank robbers focus on being bank robbers. Some are the best and some are mediocre, but they still rob banks.
That’s the fundamental basis of the book that you wrote, right?
Right. Why the Rich are Rich. Whatever you focus on will come true, good or bad. So some people have issues with that, but that’s just the way universe is set up. It’s set up to give you what you focus on.
I was kind of stagnating as far as growth. I had to make the decision to grow. I know that once I make the decision to grow, I will grow. It wasn’t even a question. I just had to make the decision to do it. Once I made the decision to do it, now I’m growing faster than I can possibly imagine. I have to start slowing down because I’m starting to get uncomfortable with it.
But you had on the foot on the accelerator and the brake. You can make it go as fast or as slow as you want.
There’s 0 chance of failure. I always tell my wife, I never say we can’t afford something. We choose not to put our money in a particular direction. It’s all about focus, manifesting what you think. If you think you can or think you can’t, you’re right. If you think you can or can’t afford it, you’re right.
I know you didn’t coin that. I think it was Edison, right?
Someone far smarter than me.
You mean there’s someone smarter than you?
There are at least 3 other people, yes.
Another resource is to Google small business in Wikipedia. Do not give them any money. They’ve got their operation tin cup out right now. They were censoring people on their platform. I use to give to Wikipedia, but I stopped because I didn’t like their censorship. It’s a great tool to get information. They’ve got a lot of good stuff on small businesses. I tell you what I found that blew me away. That was an entrepreneur magazine. You go to Entrepreneur.com and you look at their website. They have a magazine that you can get. They have tons of business suggestions. I don’t want anybody ever to tell me that they can’t find something to do. It’s all over the Internet. It’s Entrepreneur.com. You can go there and you can find tons of business suggestions you can do from home. So you don’t have to get stuck with some network marketing business unless you really have a passion for the business. I’ve always said in Network Marketing, unless you have a passion for the product, don’t go into it because you have to have a passion for it. As Steve just told you, he has a passion for arbitrage. He specializes in arbitrage. During the last session, he’s talked about the arbitrage that he does. He does digital products. He does have some books and some other things. You have a specialty, right?
It’s electronics and toys. I like to focus on things that I can actually put in a box and ship out. So things that are small, pop culture, things people are looking for all the time, especially now.
Right. Do what you have a passion for. He has a passion for that. You can find all sorts of places to research that’ll give you ideas of what to do. Tons of articles I found on this website. I remember Entrepeneur.com from years ago. Since I’m not in the business of looking for a business, I just forgot about it and gravitated back to it and realized that I had missed a lot of stuff. So then we’ve got the entrepreneur elevator pitch. This is a show that they have. We probably should pull a clip off of this and show it. IT’s called the entrepreneur elevator. It’s kind of like Shark Tank. You go and find on Entrepeneur.com and they’ve got people that will give their elevator pitch. It’s a 3-minute elevator pitch and they’ve got a countdown clock that counts down the seconds. So they do a 3-minute elevator pitch and there are 4 people. Each one has the propensity to invest in this business that they’re talking about. So they have 3 minutes to lay it out. Then they go through and they talk to the people that are on the panel. They ask questions of what the individual did in the elevator pitch about the product and whether they actually covered it clear enough or not and they invest or they don’t invest. It’s just like Shark Tank.
It’s really interesting how you’ll see somebody going through an elevator pitch and they’ll lose you with 3 minutes. This one guy I watched lost and got all technobabble. He went into technobabble, they understood him. I didn’t. He lost me, he didn’t have a compelling pitch, but yet they invested in him. So you can go to Entrepreneur.com and look up the entrepreneur elevator pitch after this show. You can watch it, I think it’s a 20-30 minute show.
We can put a link to it in the show notes, Ray.
There’s lots of information out there, but entrepreneurism starts from the heart. In my book, Why the Rich are Rich, I talk about how to image and realize and get that momentum going. Entrepreneurism comes from the heart. A lot of people have it. We talked about it. More entrepreneurs are popping up than ever before. They’re causing COVID to be left in the dust because they’re working from home. They found niches to work in and they’re driving the economy because small business drives the economy, not big business. I think we did that a couple of shows back. You can go back and listen to it. If you have a takeaway from this show, one of the things that I’d like you to take away is focus. If you have any desire to bring in additional revenue or if you’re being squeezed out of the marketplace by COVID, you want to check out entrepreneurism because that is a mindset in itself. You can’t run a business successfully unless you understand the entrepreneurial mindset.
I would start researching right away and get information about it. You can get my book Why the Rich are Rich. Whythericharerich.com, you can go there and download it. It’ll give you great information as to how to ferret through that mindset, how to make it through that mindset of becoming an entrepreneur. How to get those dreams to start kicking in and the law of attraction start to happen in your life.
We have a long way to go in our shows of getting people information to get on the right track. I can teach you how one and one is two. That’s not hard. Running a business is hard, starting a business is hard. We have to get through that hard part first. Then we can step up and start looking at the financial situation and financial mechanics behind it. Buying financial products is not what people should be doing. They should be building their wealth. Financial products fit into the wealth picture in a macro-economic sense. Micro, you don’t go spending your money on little things. Understand the big picture first.
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Thanks for listening! Please remember to subscribe to the podcast. If you want to learn how to create real sustainable wealth like the extremely rich people do, or maybe you just want to sustain the wealth you already have, you need to check out Dr. Ray’s new book “Why the Rich are Rich”. Ray’s been coaching clients for 35 years and has completely unlocked the secret strategies that rich people use day in and day out to grow and sustain their wealth, regardless of what’s going on in the economy. His book is completely free, and you can get it by going to https://whythericharerich.com and entering your email address. Again, that’s https://whythericharerich.com. Head over there now.