You Are an Entrepreneur
When you start a business you take a risk with your own money, credit, time, energy, and reputation. You become the entrepreneur. Make some sales, generate repeat business, and create healthy cash flow profits. You become a great entrepreneur. Create jobs for employees, independent contractors, and vendors then you become an outstanding entrepreneur.
Wikipedia describes an entrepreneur as a person who organizes and operates a business. They take on financial risk to do so. The entrepreneur is commonly seen as a business leader and innovator of new ideas and business processes. Management skills and strong team-building abilities are often perceived as essential leadership attributes for successful entrepreneurs
Sales People are Entrepreneurs
In real estate and insurance, most agents think of themselves as only salespeople and not business owners. This is why so many agents fail. They don’t take the entrepreneurial mindset. They don’t realize that they are a business.
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My real estate broker teaches us to be business owners. He has two requirements. Buy real estate for yourself because you are selling it and become an entrepreneur. In fact, we have business-building classes every week. He tells his agents to be the entrepreneur.
Why aren’t you a business? Most people think only of the Bill Gates, Warren Buffet, and Donald Trumps of the world as entrepreneurs. Success comes in many forms and it does not have to be in billions of dollars. Your job as an entrepreneur is to produce profits, cash flow, and jobs, and add value to your community. Be the entrepreneur and make your business a success.
As a real estate agent when I open escrow on a property I provide jobs. From the escrow company, pest control, home inspector, loan officer, notaries, courier services, transaction coordinators, and others. I pay my real estate fees, E&O insurance, and Realtor Dues. I pay business license fees to my local city and I pay taxes.
Home-based business owners are entrepreneurs. If you are in direct sales, affiliate marketing, or network marketing you are an entrepreneur. Just because you are a one-man band doesn’t mean that you don’t add value. You are building a down-line or creating affiliates, you may outsource, and you are spending money marketing. Plus you spend in your community. Your home-based business creates jobs.
Entrepreneurial Advantages
You are a big business and you must think of yourself this way. You must be an entrepreneur! This is where failure starts. Please get the bigger picture because your local city, IRS, and state franchise board thinks you are a business and they want their money. Furthermore expand your mind, your influence, and your circle of friends. You must add valuable team members to help your business grow. You can’t put up artificial fences around your business.
There are advantages of being an entrepreneur:
- Tax Write-Offs
- Business Trips Travel Discounts
- Business Discounts
- Lines of Credit and Loans
- Professional Expertise
Why would you want to give up these perks? These advantages are for business owners only. Change the perception of how you see your business. Change the perception of how you see yourself. Be the entrepreneur.
Entrepreneurs can get help from the Small Business Administration, SCORE, and your local city has programs that you can use. Affiliates and online markets have mentors and sponsors who can help them succeed.
We do not suffer from a lack of information. There are resources to help you succeed now. Yes, it takes work, persistence, and consistency. Entrepreneurs don’t flinch at adversity. Be the entrepreneur now and succeed.
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